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Home My WebLink AboutRESO 1355• ... ,-,., .... ,1'··'>'-'N-. .,, ... , ,,,....,,.,,,,,.,.,.. ~·,~" 'lft.>••l<l••""" ... ,,,....,..,. L•'"'' "·'' 'f "••'• o.·o .. , --·-•· 01 :' r-., =i 384 R E S 0 L U T I 0 N ----------N 0 • --1225 RESOLUTION PROVIDING FOR THE ISSUANCE OF ~OKDS RESOLvlm, by the City Council ot the City ot Palo Alto, Ce.l1fo:rn1a, that WHEREAS, s1.;.id Council did on the 26th day or March, 1941, pass and adopt its Resolution of Intention No. 1322 relating to certain work to be done &J:.d improvements to be made 1n said City, unde1• and pursuant to the provisions ot Article V or o Ordinance No. 844 of said city, adopt~~ January 13, 1941, entitled "Palo Alto Improvement Procedure Code", and did therein provide that aerial bonds would be issued thereunder pursuant to the provisions of Part 4, Bond Plan C of Article IV of said Code, reference to said resolution ot intention being here·by expressly made for further particulars; ...... ~ ~] WHERBA8, on November 12, 1941, the Superintendent or Streets or said City ot Palo Alto filed with the Clerk of said City a complete list of all assessments unpaid thereunder upon the respective assessment and diagram numbers thereon, whereupon said Clerk gave notice of the f111ng or said list and fixed 1n said. notice Monday, the 8th day of December, 19111, at the hour of 7:30 O'clock P.M. as the time when interested persons might appear before tho City Council of said City of Palo Alto, at the regular meeting place of said Council 1n the City Hall 1n said • C1.ty, and show cause why bonds should not be issued upon the ~ .. '· security or the unpaid assessments ahovn on 8aid list, all or j which appears from affidavits on file in the office of said Clerk; ~. WHEREAS, no prote~ts or Qbjections against the issuance of said bonds were presented before or at tJle time fi~ed for said hearing. NOW 1 'J:HEREFORE, IT IS HEREBY RESOLVED AND FOUND AND DETERMINED by said City Council of the City of Palo Alto, as follows: 1. That said list of assessments unpaid tiled by said Superintendent or StreetB as aforesaid was at the time of filing thereof 1n all respects complete and correct, and that since the filing thereof no assessm8nts have been paid and also that the tmpa1d asnessments in the proceedings duly had and taken under and P\~auant to said Resolution of Intention No. 1322 are as follows: Diagram and Diagram &nd Assessment Unpaid A:seessment Unpaid Number Amount Number .Amount 1 $119.58 87 $210.52 4 114.93 88 210.51 5 114.93 89 100.35 7 135.11 90 87.39 8 116.48 91 99.53 9 116.48 92 87.39 16 111.82 93 101.73 18 111.82 94 52.44 21 93.18 95 34.96 22 6.21 96 115.91 23 93.18 98 402.64 27 93.18 9$1 415.25 42 93.18 100 14.73 ] " . l t .) ., I ' i • •-.-.·~ · ... ,•,~,oc•v,. •ilo'•i•'':''"''",l:>''·'',~-':-t[{~~-l~~·-~}i'~ 385. D14Jl"U and Diagram and Ae1eaaaent Unpaid AII811MZlt Unp&tcl Jrwaber Amount IUIIber Amount .43 • 93.18 104 * 14;78 .4!f. 93.18 106 397.05 .46 93.18 108 228.85 .'47 3.12 109. 231 .. 05 51 269.98 110 29}.65 I ~ 52 156.40 111 287.58 56 lJ70.0S 112 285.65 60 156.40 113. 291.75 '61 156.40 114. 4}.59 62 151.15 120. -7~ 6 359.74 121 15a27 ,7 70 175.33 122. 1.23 11 221.95 123. 17.73 72 376.29 127 16.50 74 359.74 132. 1.23 r~ 359.74 133 43.59 7 178.96 134. 27 .. 09 1~ 151.76 135 1}.54 7 87.39 136. 14.04 ~~ 87.39 138 233.32 87.39 141 229.41 81 103.66 147 296.01 82 100.63 149. 14.04 83 87.39 150, 24.63 151 37.81 288 92.99 152 256.33 289. 165.97 156 246.91 290 46.49 157 21~.86 291 212.46 161 66 .:;s 292 586.62 162 343.72 294-A 318~~0 163 462.66 300-A 216. 2 164 327.19 300-B 200.03 165 285.82 301 163.98 166 284.44 }02 164.26 168 272.03 303 164.53 171 236.70 308 155 .. 02 172 268.05 311 395.34 173 686.83 312 26.13 174 425.99 313 10.45 175 15.02 314 294.63 178. 17.23 315 111.54 179 14.52 321 143 .. 39 180 18.95 322 114.75 181 17.23 ,23 129.92 . 182 17,.72 324 129.92 183 5.90 325 70.82 184 12.30 326 168.87 185 11.56 327 6.48 186 5.65 329 1~.41 18~ 401.40 330 4.15 18 343.71 332 221.}3 189 419.02 333 5 .. 64 190 221.65 342 127.45 191 221.38 343 12'7.45 192 578.51 344 163.86 195 93.95 345 107.59 196 211.38 346 91.04 201 4.18 350 10-4.83 202 340.2(1 351 91.04 203 153.01 35~ 200.28 204 168.18 35 233.:;8 205 153.01 365 9l.O.IJ 206 418.32 366 . 91.04 209 29.48 367 91.04 , ...... __ ,.,,,-.~ .... n, ...... __ ...,_..,._~~·•'•n.~I<~~...,:~.,.,.--~WOfo•"~.,..... .. ..,._,..,...__,,_~ . ....,"••-·.._,..,,,,_., .. ,-.. ,, ,, ,~.,,,,.., ..,_,.,"_"•-• _.,......., .. __ "-~·--••-·.,• _,.,,.~·~ ,.,,, ~- 386 Diagram and Dis.graa aDd .Aaaeauent Unpaid Aaactaaunt ~aid Humber Allount BUIIber Aaount 213 $305.59 368 $105.38 214 127.50 369 ~;-.06 .215 151.22 370 ,2.77 217 665.85 371 32.77 221 10.~5 372 32.77 222 159.69 373 80.11 236 96.90 374 80.11 238 315.51 375 80.11 239 10.45 376 91.36 249 8 .. 36 377 142.62 ·250 283.01 378 109.24 251 286.57 379 109.2Jt. 268 14.01 380 109.2,. 210 327.18 ,85 91.04 271 168.46 386 l07 .59 273 i76.46 -,a A 91.04 279 580.05 38 107.59 281 225.69 389 91.03 284 513.95 390 2}6.~2 285 474.23 391 200.28 393 91.03 399 122.75 394 91.03 400 91.03 395 91.03 401 91.03 396 162.21 402 91 .. 03 397 107.58 405 235.04 ;98 91.03 JJ06 200.28 2. fbat for a particular description or the lota bear~ 1ng·the respective assessment numbers above set rorth and upon vh1eh assessments remain unpaid as above stated, severally and respectively, reference is hereby made to eaid assessment and to the·diagram recorded in the office ot the said Superintendent or Streets after confirmation by said City Counci~, the several lots repPesented by said assessment numbers above set torth being so numbered and designated upon said diagram and as~essment as so confirmed and recorded, severally and respectively. . 3. That the total or aggregate amount or said aeses3- ments unpaid i5 the sum ot $34,000.00. . 4. That bonds shall be issued upon the seeur1ty or oa1d tnpaid assessments in the said amount ot $34,000.00 1n accordance with the prov1sion.s or Part 4, Bond Plan C ot Article IV of the Palo Alto Improvement Procedure Code, and under and purauant to the provisions of said Resolution of Intention No. 1322 and the proceedings thereunder duly had and taken; that said bonds shall be fifty {50) 1n number, shall be dated November 12, .1941, and bea~ interest at the rate or tvo and one-half per cent (2~) per annum tram November 12, 19-1; and the denomination or ea1d bonds and the interest coupons required to be attached thereto, v1th their respective numbers and dates ot maturity, are as tallows: Series Number Bond Number Denomination . Date of Mat~l~Y- 1 2 .... .-' 4 5 $1000.00 1000.00 500.00 500.00 400.00 July 2, 1943 .Tul7 2, 19~3 July 2, 1943 July 2, 1943 July 2, 19-.3 en r--:a ... ~ I I I f ' ' ·. J .~ ·•• •••-~·"'"' .,,~.,, .. ,..,._ .... ,... .......... flli111_1_1\'·'-'·'-~""h•>--., ..... .,._, .. ,.,.,_,,, · ,...._., ............ ,..\',l.o'r ,, ... 'l;~"':,r.,.•··~n~'(;i.'~~?~•:\·""~ 387 Series Humber Bond Number Denom.i.n.at1on Date or Matur1tl' 6 $1000;oo Jul)' 211 1944 7 1000.00 July 211 1944 8 500.00 Jul,. 2:~ 1944 9 500.00 JuJ;y 211 1944 10 4oo.oo JulJ 211 1944 I ll 1000.00 Jul.,. 211 1945 12 1000.00 July 2.. 1945 1 .. 13 500.00 Jul:y 2, 1945 14 500.00 July 2, 1945 15 400.00 July 211 1~~ 16 1000.00 .:ru17 2., 1946 17 1000.00 July 2, 19S.6 18 500.00 July 2., 1946 19 500.00 July 2, 1946 20 400.00 July 21 1946 21 1000.00 July 2, 1947 22 1000.00 July 2, 1947 23 500.00 July 2., 1947 24 500.00 July 2, 1947 25 400.00 July 2, 1947 26 1000.00 July 2, 1948 ~~ 1000.00 July 2, 1948 500.00 July 2, 1948 29 500.00 July 2, 1948 30 400.00 July 2, 1948 31 1000.00 July 2, 1949 32 1000.00 July 2, 1949 33 500.00 July 2, 1949 34 500.00 July 2, 1949 35 400.00 July 2, 1949 36 1000.00 July 2 .. 1950 5J 1000.00 July 2, .1950 500.00 July 2, 1950 39 500.00 July 21 1950 40 400.00 July 2, 1950 41 1000.00 July 2, 1951 42 1000.00 July 2, 1951 43 500.00 July 2, 1951 44 500.00 July 2, 1951 45 400.00 July 2, 1951 46 1000.00 Jul,y 2, 1952 47 1000.00 July 2, 1952 48 500.00 July 2, 1952 49 500.00 July 2, 1952 50 400.00 July 2, 1952 With reference to said bonds having e. denomination of I $1000.00, the .first coupon attached to each or aaid bonds shall have a denomination ot $28.47, and the subsequent coupons attached I to each or said bonds shall have a denomination or $12.50. l ... Wj.th reference to said bonds having a denoDiination or $500.00, th.e first coupon attached to each of said bonds shall have a denomination or $14.23, &nd the subsequen~ coupons attsched ' to each or said bonds shall have a denomination ot $6.25. ' With reference to said bonds having a 1:1enom1nat1on or $400.00., the t1rs~ coupon attached to each or said bonde shall _ ~ .,~ ............ ,.,. '"""' ""'"'"''~•""......,OI'f"' ......... ~ .. ..,'M'Hif ... V'I.,<4t• ~'""'\1'."•·''1'"'\'~•'"> IH-'1.0" .. '\''~t· .. ~-"'''"'"""'-'"''~'-•1•10.,,... ~· -' •··~~· ,__. • e-·••• "o~t•·• 388 have a denomination or $11.39, and the subsequent coupons attached to each or said bonds shall have a den~t1on or $5.00. 5. Tr~t said boJ~a shall be issued in series, and the unpaid aaaeaamenta aa abovn on said list t1le4 by the Superinten- dent or Streets and. determined b7 said C1 ty Council, together vall the 1ntere~t thereon, ahall remain and constitute a trust ~and for the redemption and payment ot aa1a bonds and or the interest which may be due thel"eon, vhich l1llP&id a.saeaaunta ah.&ll be payable 1n annual corresponding in ·n\llJiber to the number ot aeries ot bonds iaaued, and an even annual proportion ot each assessment shall be parable 1n each 'Y••r preced1Dg the date ot t.b.e maturity tor each or the several aeries or bonda iaeued, and eueh pro- portion ot eaeh aaaeasment coming due ~n any ye&r, together vith th~ annual interest thereon, shall in turn be pa,able in installments aa the general ta:xes or aaid city on real :;>roperty are payable, and shall become delinque.nt at the auae tilllea and in the eam.e proportionate &Blounts and bear the aaae proportionate penalties tor delinquency. Said. bODda shall be signed by the Treasurer &J1I1 Mayor of tho City or Palo Alto, and countersigned by the Clerk or said City vho shall atti.x thereto the ottioial seal o.r aai4 city, the interest coupons atti~ed thereto shall be signed by said Treasurer or bear his e~aved~ printed or lithographed signature; and suoh s1gn1ng a.nd sealing ot said bonds by said ott1eera, and signing or said coupona by said treasurer, shall constitute and be a autt1cient and binding execution ot each and every one ot said bonds and all or the coupons thereof respectively. Said bonds shall be substantially 1n the rorm set forth 1n Bond Plan C ot Article IV of said Palo Alto Improvement Procedure Code; aaid treaeurer and said mayor an~ said clerk are hereby authori~ed and directed to s&·aign and countersign r$spect1vely. 6. That the interest coupons attached to each ot said bonds and evidencing the interest to accrue thereon ahall be numbered.· eonsecutively and be substantially in the ~ollov1ng form, to-v1t: Coupon No. _____ _ $ ____ _ CITY OF PALO ALTO SANTA CLARA COUM'Y, CALIFORNIA Will pay to bearer hereof on the 2nd day or , 19 , at the ott1ee or the Treasurer or said City, -- the sum or Dollars ($ ) said sum being the !6.m.1-a.nnual interest due on --------- Improvc~m&nt Bond No. ____ _ of Series No. Dated: Treas-tll'er or the City or Palo Alto. * * * * * * * * en J §;;I ~1 ~ ~ I .J 1 ·~ J t j ) I hereby certify the foregoing to be a true copy ot J resolution adopted by the City Council of the City of Palo Alto, California, at an adjourned regular meeting thereof held on the lOth day or December, 1941, by the following vote or the members: L". • " I I ! "·•·•~,...,,..,h,,.,>.,.,.lli,'t••,\;'c1;·to'•"'·f •1,./,t.'•!i' ··~·; AYE3, e.nd in favor thereof .. Counc1lme.n: Bentrott, Blois~ Cjpher, Hoy, Marner, Mitchell, Morten, Reed, Richards, Th.o1ta, Thom&a. NO!S, Councilmen: Rone. ABSENT, Councilmen: Caehel .. RacH'ord, SouthwoOd, Wood. ~ttr.i'~r~~L~-- APPROVED: E Y' 'fl:":! ~· ~ . - 389 ·~ ' t