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HomeMy WebLinkAbout713 - River Avenue & Other Improvementsi .1 T 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 -2- �. .T 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 —4— 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. -5- I r 1 ; I