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Home My WebLink AboutRESO 2142«' R E S 0 L U T I 0 N ___ ..., _____ _ N 0 • --2142 PROVIDING FOR THE ISSUANCE OF BONDS STREET LIGHTING RECONSTRUCTION DISTRICT ONE PROJECT NO. 50-1 141 that RESOLVED, by the Council of the City of Palo Alto, California, WHEREAS, aa1d Council did on the 12th day or June, 1950, adoDt its Resolution or Intention No. 1990 relating to certain work to be done and improve111ttnta and acqu1s1t1ona to be made in aa1d City under and pursuant to the prov1aions or Article V or Ordinance No. 844 of aa1d City, adopted January 13, 1951, entitled "Palo Alto Improvement Procedure Code", and did therein provide that serial bonds would be issued thereunder pursuant to the provisions of Part 4, Bond Plan C of Article rv or said Code, reference to sa1d Resolution of Intention being hereby expressly made for fur- ther particulars; WHEREAS, on June 27, 1951, the Superintendent of Street3 of said City or Palo Alto filed with the Clerk or said City a complete list of all assessments unpaid thereunder upon the respective aseesament and diagram number thereon, whereupon said Clerk gave notice of the filing of said list and fixed in ee1d notice Monday, the 23rd day or July, 1951, at the hour of 7:30 o'clock P.M., as the time when interested persons might appear before the Council, at the regular meeting place of ea1d Council in the City Hall in said City, and show cause why bonds should not be issued upon the sect.tri ty or· the unpaid assessments shown on said list, all or which appears from affidavit~ on file 1n the office of said Clerk; WHEREAS, no protests or objections against the issuance of said bonds were presented before or at the time fixed for Ba1d hearingj NOW, THEREFORE, IT IS HEREBY RE.SOLVED, FOUND and DETERMINED, a.e follows: l. That said llet of asseBsments unpaid filed by aald Superintendent of Streets as aroreea1d was at the time or f 111ng thereof in all respects complete and correct, and that since the f111ng thereof no assessments have been paid and aleo that the unpaid assessments in the proceedings duly had and taken under and pursuant to sa1d Resolution of Intention are as followo: Aeeesement Assessment NO. Amoun·t No. Amount 7 $ 2~.70 293 $ 22.56 8 3 .44 303 28.55 9 34.27 309 28.~5 21 27.7~ 322 22. 5 25 71.3 325 39.41 40 28.55 341 21. 2 47 28.55 34A 28.55 50 30.65 34 .-B 19.99 52 60.39 352 3~-98 56 28.55 357 2 .55 57 28.55 366 2~.70 62 34.27 367 2 .,5 72 34.27 389 31. 3 74 59.96 391 35.41 '•., ............. »•··· ' • ' '"" '. ·'. ~'····-........ ~ .~ ... ' •h ................ •+ -.. ·~··~·-"'""'' ··~·· ••. 142 cc 1 ('1 l c:: : c.. ' ~ Aaaessment Assessment No. Amount No. Amount ~~ • 21.42 ~66 $ 28.55 34.27 3~.97 ~A 50.83 403 2 .55 2~.70 405 ,7.11 95 3 .64 406 2.83 107 ~1.42 411 28.55 121 29.~8 412 34.27 _ l 131 41. 0 413-A g'·27 133 28.55 413-B 7.34 1~6 28.55 41~ 45.6~ l 1 28.55 41 30.8 146 41.Jrn 41~ 28.55 149 28.5~ 42 89.60 161 14.2 429 35.07 162 28.55 430 35.41 ·163 37.12 431 101.66 165 28.55 433 28.55 166 28.as 435 28.~5 16~ 42. 3 4~6 42. 3 16 10.63 4 3 !8.55 169 7.31 445 28.55 187 28.55 Ji.50 3§-91 193 6~.96 463 2 .55 195 2 -5~ 464 28.55 201 14.2 4~1 28.55 211 28.55 4 0 28.55 214 28.55 48~ 37 .12 221 28.55 50 13~.06 223 28.55 519 2 .55 225 8~.67 520 ~4.26 229 3 .27 533 1.12 245 38.95 :39 9~-94 260 57.11 550 2 .55 26~ 39.97 56§ 28.55 27 39.97 56 28.55 279 37.12 571 28.~5 575 3~-97 ~99 62. 2 591 2 .sg 8g~ 28.55 602 36.5 28.55 609 6~.96 805 28.55 612 2 .55 806 39. 9.7 617 28.55 g~ 35.70 627 28.~5 35.70 630 41. 0 809 3§-91 635 28.55 810 2 .55 6~9 21.10 811 28.55 6 0 32.98 812 28.~5 641 28.55 813 41. 0 6-9 71.39 821 34.27 653 28.5~ 8~7 35.70 656 ~~:~3 8 3 69.53 660 845 57.11 661 72.25 853 57.11 662 42.83 854 79.95 • 669 28.§5 858 1i2 .83 670 38. ~ 862 35.70 " f 6~9 28.55 865 27.12 6 0 28.55 882 39.97 _1 685 28.~5 884 35.70 .... , 706 41. 0 887 57 .11 [. ' 709 28.55 890 55.§7 t· 710 28.55 922 10. 2 711 28.55 926 57.11 725 55.27 9~3 35.70 . t It. Aseessmont N Assessment No. Amount No. Amount 726 $ 28.55 944 $ 5~.11 728 28.~5 947 2 .55 73~ 41. 0 951 28.55 735 28.55 952 114.22 · 736 28.55 §~ 34.27 749 28.~5 28.55 751 12~. 5 969 85.67 755 2 .55 970 57.11 756 28.55 9~2 95.29 759 ~2.6~ §a~ 45.69 760 5.2 92.83 762 52.52 993-A 59.22 764 105.51 99~-B 116.32 765 4~.30 99 57-~5 769 2 .55 996 117. 0 77~ 28.55 999 45.69 77 28.5~ 1000 90.27 776 46.5 1001 68.53 188 39.97 1025 28.55 792 28.55 10~1 28.55 793 6§.96 10 0 135-3, 797 2 .55 1043 __26.o $8,397.94 2. That for a particular descr1pt1on of the lots bearing the respective aeeessment numbers above set forth and upon which aeeeesments remain unpaid as above stated, severally and respec- ti ,,ely, reference 1s hereby made to sa1d aaaeaement and to the "'diagram recorded. in the office or the said Superintend.ent or Streets ar~er conr1rmat1on by said Council, the several lots represented by sald aeeessment numbers above set forth being so numbered and designated upon said diagram and assessment as so confirmed and recorded, severally and respectively. 3. That the total or aggregate amount or said assessments unpaid is the sum of $8,397.94. · 4. That bonds shall be issued upon the security of said unpaid assessments in the amount of $8,397.90 in accordance with the provisions or Part 4, Bond Plan C of Article IV or the Palo Alto Improvement Procedure Code, and under and pursuant to the provisions or Resolution ot Intention No. 1990 and the proceedings thereunder dulymd and taken; that said bonds shall be ten (10) 1n number, shall be dated June 27~ l95ll and bear 1.nterest at the rate of not to exceed four per cent (4~) per annum from June 27, 1951, and the denomination of said bonds and their respective numbers and dates of matu.r1ty are as follows: Series Bond Number Denomination Date or Matur1tx QQ l $839.79 July 2, 1952 2 839.79 July 2, 1953 3 839.79 July 2, 1954 4 839.79 July 2, 1955 5 839.79 July 2, 1956 6 839.79 July 2, 1957 7 839.79 July 2, 1958 143 144 ~ '· .~. '!!. ~. Ser1ea Bond Number Denominat1on ~~e or Maturity QQ 8 9 10 $839.79 839.79 839.79 July 2, 1959 July 2, 1960 July 2, 1961 5. That said bonds shall be issued in series, and the unpaid assessments as shown on said list £11ed by the Superintendent or Streets and determined by said Council,, together with the interest thereon, Bhall remain and constitute a trust fund for the redemp- tion and payment or ea1d bonds and of the interest which may be due thereon, which unpaid asseesments shall be payable in annual series correepondi11g :tn number to the number of series or bond 1seued, and an even annual proportion of each assessment shall be payable in each year preceding the date of the maturity for each or the sever- al series of bond.a issued, and such proportion or each assessment coming due in any year, together w1th the annual interest thereon, shall 1n turn be payable 1n installments as the general taxes of said City <)n real property are payable, and shall become del1nquent at the same times and. in the same proportionate amounts and bear the same proportionate penalties for de11nquency. That the s~gnatures or the Mayor and Treasurer be 1mpressed upon sa1d bonds by engraved or lithographed process and that said C1ty Clerk physically sign said bonds and aff1~ thereto the cor- porate saal or said City; the interest coupons affixed thereto shall be signed by sald Treasurer or bear his engraved, pr:'.l.nted or lithographed signature; and suc.h s1gn1ng and sealing of said bonds by ~ald officers, and s1gn1ng of said coupons by sa1d Treasurer, shall constitute and be a surr1c1ent and binding execution or each and every one of said bonde and all or the coupons thereof reapec- ti ve ly. Said bonds shall be substantially in the form set forth in Bond Plan C of Article IV of said Pa.lo Alto Impro\•ement Procedure Code; said Treasurer and said Mayor and said Clerk are hereby authorized and directed to so sign and attest respectively. 6. That the interest coupons attached to each of said bonds and evidencing the1nterest to accrue thereon shall be numbered consecutlvely and be sub3tant1ally 1n the following form, to-wit: Co11pon No. CITY OF PALO ALTO *--- SANTA CLARA COUNTY, CALIFORNIA W1ll pay to bearer hereof on the 2nd day of , 19 , at the off ice -o ... 'f-t'"'h,_e_T ... r_e_a_s_ul'_e_r-o"""'r...-e-a1d city, the sum of Dollars ($ ) -s-a ... ld._-s-u-.m-.....b-e .... ln-. g~tl"Th_e ____ s_e_m"r'f-ann.ual interest due on Improvement Bond No. of Series No. Dated:~~~~~~~~~~- Treasurer oftne C"~iloA.Tio * * • * * ... cc 1 U') 1 0:: . c.. ti< ....... l I - .. --.. ,. ~ ,, '.,,_ '•' ,.,..~ .,, ...... -...... ~ ...... 145 I hereby certify the foregoing to be a true copy or resolu- tion adopted by the City Council or the City or Palo Alto, Califor- nia, at a regular meeting thereof held on the 23rd day or July, 1951, by the following vote: AYES, and in tavor thereof, Councilmen: Blois, Bower, Cashel, Cathcart, Drysdale, ~-Bpar, H111, Marshall, Miller, Mitchell, Montrou1l, Simpson, Wickett. NOBS, Councilmen: None. ABSENT, Councilmen: Bishop, Bowden. ~i ·~/j'~ ~It:r e~t'g0·~tii'ollo/ Aito · . APPJlOWD'Jff~ --~//Jri oir