HomeMy WebLinkAbout713 - River Avenue & Other Improvementsi
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RESOLUTION ITO.
A RUTSOLM1013 01' TMI CITY COU11CIL OF TI
CITY Oi, i7Z "'iOffi I33ACHI OA %, POrPMA, n-
• L!1TIM— TO TI3li ISSUAI10E Olp S7'Kt MT ri-
P"1Qi = i1 BOTP)S TURSUA21le TO R SOLUT roll
OF Ili4'+ :'1a'1Oif 0o. 621, D3 M!1II3Iai% T-IE
AVIODUT Ol' U111JAID ASSESe- MIIZT3, PR.SCiiI _
IM THE ))PSI` IMIATIOIT OF SUCH BOUDS AF1i)
PRO'VIDII:C, TOR THEIR IS8UA1JCX4
;..rhereas, purouant to statute, notice of filing
list of unpaid assessments was duly given in the manner and
ford required by Lau, that the narrant, assessment and dia-
gram recor-ed on the 10th day of August, 1931, for the nark arA
improvement made by 0. U. ulithCU upon "ghat certain contract
awarded to him on the 16th day of March, 1931, on .' Aver !.venue
and other streets, alleys and easements in said City, czxd that
said warrant, asseosuent and diagTLm ;;ere rcturned to the Super-
intendent of Streets, together with a Mitten statement of all
payments received upon the said assessment, end e.'ter the full
expiration of thirty (30) full days from the date of the said
warrant, the said Street Sik)crintendent duly made and filed ^ith
the City Cleric of the said City of Ueuport 3each a complete list
of all assessments unpaid upon the said assessmont, thich list
is nom on file in the office of the City Clerk of the said City,
non upon evidence shown this Council detegaines thsA the assess-
ments therein mentioned were then unpaid, the total a,;gregate
thereof being the sum of Sixty -seven ihoucand Yifty cnd 901100
Dollars (G67,050.98).
` het assessments numbered 6, 26, 28, L5 ar_d 65, a_;;gree
gating the sum of `s'vo Hundred Thirty and 88 /100 ;)ollars (0230.88),
• and no others, have since been paid, anc that there nor remains
unpaid the Bum of Sixty -six Thousand Fight lluncixed find. Tventy and
10 /100 3)olhrs (066,820.10) upon the assessments sliovn upon the
said list other than those hereinbe::ore noted, as having been paid.
Reference is hereby made to Resolution of Intention
Ro. 621 of the City Council of the City of 'le-.-7ort Reach,
• California, pacsed on the 15th dry of September, 1930, for a
complete description of the t:ork hcaeln mentioned, -ind also
to the list of unpaid assessments filed as above noted, for
the assessments unpaid, and
M MMMS, interested persons were notified in the
manner required by lacy to appear before the City Council of
the said Gity of :e-7poat Beach, California, in the Coundl
Chamber of the City hall in the said City, at the hour of
seven - thirty (7:30) o'clock p.m. of .7rRdry, the 18th day of
September, 1931, and shun cause rjhy bon(ta should not be issued
i.pon the security ob the unpaid assessments shout on the
Street Superintendent °s list, and
rAS, notice riae.duly givers in the manner and
form required by leu that serial bonds to represent unpaid
assessments and bearing interest at the rate of seven per cent
(7;3) per a2tnum, trill be issued he_eunder in the onnner ;)rovldad
by the -'Improvement Bond Fact of 1915 ", the last iast,:.ilment of
which bands shell msture nine (9) years from the 2nd day of
July next sLoceeding ter. (10 months from tho r date.
And c.11 latexcsted persons having ;-,roared before
this City Coua:cil ai,-d hasping been given full opportunity to
sho;r cause nhy bends 2hm ld not be issued ux on the security
of the unpaid assesumente shoats on the swid 11st, and all ob-
jections presented having been heErd and considered,
U01, 2)_, IT R,50J., '0, tP�-t the City council
• does hereby find and determine that no cau ^e h ^s been shoun
❑hy bonds should not ire Issued upon the security of the unpaid
assessments, and does hereby overrule all objections thereto
and does hereby direct the issuance of ecld-bonds, end further
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DE IT R.);LOL•��wTJ AS That se2inl bonds shall
be issued upon the saeu ity of the said un2LId a,00casraents to
the said amount of Sixty six Thousand right hundred Twenty and
30 /10o Doiiars (066,82o.10).
The Paid bands shall be seventy in number, known as
Series "N" , mid shall be dated the 18th day of September, 1931,
and bear intereot at the rate of seven per cent (7f,) per annum.
and the denominations of the said bonds and the dates of the
respective maturities 'thereof shall be as follove:
Bond !To,
draount
Date of Uaturity
1.
;,1000.00
July
2nd,
1933
2
1000.00
1000,00
"
1000,00
1000.00
"
6
1000.00,
7
692.01
'
S
1000.00
July
2nd,
1934
9
1000.00
n
10
1000.00
11
1000.00
°
12
1000.00
°
1
1000.00
°
1
692.61
"
.10001000..00 00
July
ltd,
1935
16
000.00
17
1000.00
E,
18
2000.00
19
1000.00
20
1000.00
a
21
682.01
"
22
1060.()0:
July
2M,
1936';
23
l000.6o
2 4
3004.00.
"
is
25
1000.00
"
26
1000:.00
27
1000.00
"
28
652,.Ol
•
�.
29
1000`:00
July
2nd,
1937
30
1000.00 .
31
1000.00
l i�•
32
1000.00
;i
��
1000,00
1000,E00
682;:01
'
s
n '
.r
Bond No.
Amount
Date
of Maturity
37
$1000.00
July
land,
1939
3
1000.00
a
39
1000.00
�0
1000.00
a
41
1030..00
n
42
.692.01
"
16— .60
July
2nd,
1939
1000.00
a
a
46
1000.00
n
47
1000.00
49
1000.00
49
692.01
a
50
1000.00
July
2nd,
1940
51
- 1000.00
52
1000,00
5�}
1000.00.
"
�
1000.00
168
56
01
57
1000.00 y
Jul
2nd,
1941
59
N
60
1000.00
61
1060.00
62
1000.00
a
63'
682.01
64
1000.00
July
2nd,
1942
1000.00
6
1000.00
"
67
1000.00
69
1000.00
g
69
1000.00
70
602.01
a
"he first coupon of interest shall be for the interest
from the 10th day of September,, 1931 to the 2nd day of January,.
1933, and the several coupons of interest thereafter shall be for
the semi - annual interest, and
•
BE IT FURTHER RESOLVED, that the signature of the
Treasurer of the City of HeiVort Beach upon the coupons attached
to the said bonds shall be lithographed or printed signature in
place of signature by hand, and
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0
r a
BE IT ALSO RESOLVED, that the City Clerk of the said
City of Newport Beach, California,. be and he is hereby authorised
and directed to deliver forthwith the bonds hereinbefore enumer.
ated to 0, U. MIPACLE in satisfaction of the balande due upon
his assessment and warrant.
I IMZiEBY GM#TIFY that the foregoing resolution was
duly and regularly passed by the City Council of the City of
Newport Beach, California, at a regular adjourned meeting held
on the 18th day of September, 1931, by the following vote,
to -wit:
AY£S: Councilmen
17028: Councilmen
ABSEPT: Councilmen
r
ty J3 er of the city o
Weapon Beach, California.
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