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ORIGINAL
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RESOLUTION NO. 4053
A RESOLUTION AMENDING RESOLUTION NO. 4042 ENTITLED "A
RESOLUTION DETERMINING UNPAID ASSESSMENTS AND
PROVIDING FOR ISSUANCE OF BONDS"
EL CAMINO REAL TTIDENING
PROJECT NO. 64-1
RESOLVED, by the Council of the City of Palo Alto, California,
that Resolution No. 4042 entitled "A Resolution Determining Unpaid
Assessments and Providing for Issuance of Bonds" adopted by this
Council on November 6, 1967, be, and the same is hereby, amended
as follows:
1. That Exhibit "A" attached to said Resolution be amended
by striking out :assessment No. 97 in the amount of $10,248.96,
which was paid in cash after the List of Unpaid Assessments had
been filed in the office of the City Treasurer, and changing the
total of the unpaid assessments shown on said list from $612,768.03
to $602,519.07.
2. That Section 3 of said Resolution be amended to read as
follows:
"3. The unpaid list is in the amount of $602,519.07 and
bonds shall be issued upon the security of said unpaid assessments
in said amount in accordance with the provisions of the Improvement
Bond Act of 1915 (Division 10 of the Streets and Highways Code)
and under and pursuant to the provisions of said Resolution of Pre-
liminary Determination and of Intention, as amended, and the pro-
ceedings thereunder duly had and taken; that said bonds shall be
six hundred three (603) in number, shall be dated December 4, 1967,
and bear interest from their date at the rate of not to exceed six
percent (6%) per annum, and the denomination of said bonds with
their respective numbers and dates of maturity are as shown on
Exhibit "B" hereto attached and made a part hereof by reference.'`
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3. That Section 5 of said Resolution be amended to read as
follows:
n5.
Said bonds shall be signed by the manual signature
of the City Treasurer and by the engraved, printed or lithographed
signature of the City C1eriz, and the official seal of said City
shall be affixed thereto, or printed. engraved or lithographed
thereon. The interest coupons affixed thereto shall be signed by
the engraved, printed or lithographed signature of said Treasurer,
and such signing and sealing of said bonds by said officers and sign-
ing of said coupons by said Treasurer shall constitute and be a
sufficient and binding execution of each and every one of said bonds
and all of the coupons thereon respectively. Said bonds shall be
substantially in the form set forthin the Improvement Bond Act of
1915".
4. That Exhibit"B" attached to said Resolution be amended to
read as follows:
"Exhibit 'B'
Series Bond Nos. Principal Amount Date of Maturity
Ytx
1 $ 519.07
2 - 13 12,000.00
14 - 43 30,000.00
44 - 73 30,000.00
74 - 108 35,000.00
109 - 14 35,000.00
144 -- 178 35,000.00
179 - 218 40,000.00
219 - 258 40,000.00
Y
- 48 3 45,000.00
45,000.00
39 - 393 45,000.00
MI
4�+ 50,000.00
- 49g3 50,000.00
ttt
- 5�+3 50,000.00
603 60,000.00
* * * * * * * * *
July 2, 1969
July 2, 1969
July 2, 1970
July 2, 1971
July 2, 1972
July 2, 1973
July 2, 19?
July 2, 19?5
July 2, 1976
July 2, 1977
July 2, 1978
July 2, 1979
July 2, 1980
July 2, 1981
July 2, 1982
July 2, 1983"
2
1 hereby certify that the foregoing is a full, true and
correct copy of a resolution duly passed and adopted by the Council
of the City of Palo Alto, California, at a meeting thereof held on
the 4th day of Deeember , 196 7, by the following vote of the
members thereof:
AYES, and in favor thereof, Councilmen: Arnold, Beahrs,
Berwald, Clark, Comstock, Cooley, Dias, Pearson, Spaeth,
Wheatley
NOES, Councilmen: None
CA/6? 'IP:
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