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Home My WebLink AboutRESO 2319' ~; ' .,· '.' t }: ~l ,\'· • it ' . 418 R E S 0 L U T I 0 N ----------N 0 • E.lli! PROVIDING FOR THE ISSUANCE OF BONDS HOMER AVENUE, ET AL ACQUISITION AND IMPROVEM.BNT PROJECT NO. 51-16 RESOLVED, by the City Council of the City of Palo Alto, California, that WHEREAS, said Council did on the 11th day of February, 1952, adopt 1te Resolution of Intention No. 2223 relating to certain work to be done and improvements and acqu1a1 tions ';o be made 1n said Clty under and pursuant to the provisions or Article V of Ordinance No. 844 or said City, adopted January 13, 1941, entitled "Palo Alto Improvement Procedure Code," and did therein provide that serial bonds would be 1seued thereunder pursuant to the provisions of Part 4, Bond Plan C of Article IV or said Code, reference to sai.d Resolution of Intention, as amended, beirJg hereby expressly made for further particulars; WHEREAS, on June 9, 1952, the Superintendent of Stre~ta or sa1d City or Pale Alto, filed with the Clerk of said City a complete list of all assessments unpaid thereunder upon the re- spect1 ve asee~ament and diagram numbers thereon, whereupon aa1d Clerk gave notice or the f111ng of said list and fixed in said notice Monday, the 23rd day or June, 1952, at the hour of 7:30 o'clock P.M. aa the time when interested persons might appear before the City Council of said City, at the regular meeting place or said Council, City Hall, in said. City and show cause why bonds should not be iseued upon the security of the unpaid assessments shown on said list, all or which appears from affidavits on file 1n the o.ff1ce of said Clerk; WP.EREAS, no protests or objections against the issuance of said bonds were preser.ted before or at the time fixed for said hearing; NOW, THEREFORE, IT IS HEREBY RESOI.VED, FOUND AND DETERMINED, as follows: l. That aald list or assessments unpaid filed by sald Superintendent of Streets as aforesaid waB at the time of filing thereof in all respects complete and correct, and that since the time of filing thereof no assessments have been paid and also that the unpaid assessments in the proceedings duly had and taken '..lnder and pi..trsuant to eaid Resolution of Intention, are as shown on Exhibit 11 A" hereto attached and by reference made a part hereof. 2. That for a particular description of the lots bearing the reapect!ve assessment numbers above set forth and upon which assessments remain unpaid as above stated, severally and reapec- t1vely, reference is hereby made to said assessment and to the diagram recorded in the of f1ce or the ea1d Superintendent of Streets after conf1rmat1on by said City Council, the several lots represented by said assessment numbers above set forth being so numbered and designated upon sa.id diagram and assessment as so confirmed and recorded, severally8ld respectively. 3. That the total or aggregate amount of said assessments i.mpaid is the sum or $9,880.46. 4. That bonds shall be issued upon the security or said unpaid assessments in the amount of $9,880.40 1n accordance with the prov1s1onn of Part 4, Bond .l:'lan C of Article IV of the Palo co rJJ a:: c.... "< :1 l _J ] l ,.,_ ~ .. ' ·:! ~ ~ .·~ '\ " i ~ i • } .~ t ~· ' L I l l. -- ····~•'!••!"I• ·~""'•• ''" '" '" ., •• ,...~ ..... -,,-..~·~4~, ........ ~,,., ....... -.,,,,.,.N .......... ., .• , •••. ,, ······~· .. •·' •••< ._ ....... -••• _ ••• ......_.,, _ _,,,,,..~ ... --.... ,, .. _,..,.,. ~~ • ··~··· ,, ... -.u-•-'• '' O ••• , .. .. Alto Impro.,em.ent Procedure Code, and under and pursuant to the provisions of Resolution or Intention No. 2223 and the proceed1n~e thereunder duly had and taken; that ea1d bonda shall be Ten (lOJ 1n number, shall be dated June 9, 1952, and bear interest at the rate of not to exceed four per cent (4~} per annum from June 9, 1952, and the denomination of said bonds and their respective numbers and dates or maturity are as follows: Series gvnd No. Denomination Date or Maturity vv l $988.40 July 2, 19~ 2 988.40 July 2, 19 ~ 988.40 July 2, 1955 988.40 July 2, 1956 5 988.40 July 2, 195~ 6 988.40 July 2, 195 ~ 988.40 July 2, 1959 988.40 July 2, 1960 9 988.40 July 2, 1961 10 988.40 July 2, 1962 5. That said bond8 shall be 1Bsued in series, and the unpaid assessments as shown on said list filed by the Supertn- tendent or Streets and determined by said City Council, together with the interest thereon, ehall remain and constitute a trust fund for the redemption and payment of said bot1ds and ·of the interest which may be due thereon, ~hich unpaid assessments shall be payable in annual series corresponding in number to the number of series or bonds issued., and en even annual proportion or each assess~ent ehall be payable in each year preceding the date of maturity ror each of the several series or bonds issued, and such proportion or each assessment coming due in any year, together with the annual interest thereon, shall in turn be payable 1n inetallmente as the general taxes of said City on real prop~rty are payable, and shall become delinquent at the same times and in the same proportionate amounts and bear the eame proportionate penalties for delinquency. 6. That the signatures of the Mayor and Treasurer be impressed upon said bonds by engraved or lithographed process and that said City Clerk physically sign said bonds and arr1x thereto the corporate seal of said City; the interest coupons affixed thereto shall be signed by said Treasurer or bear his engraved, printed or lithographed signature; and such s1gn1ng and eealing ~r oa1d bonds by said officers, and signing or said coupons by said Treasurer shall constitute and be a sufficient and bonding execution of each and every one of said bonds and all of the coupons thereof reapectively. Said bonde shall be substant!ally in the form set forth in Bond Plan C of Article IV of ea1d Palo Alto Improvement Procedure Code; said Treasurer and said Mayor and said Clerk are hereby authorized and directed to so sign and attest respectively. · 7. That the interest coupons attached to each or said bonds and evidencing the interest to accrue thereon shall be numbered consecutively and be substantially in the following form, to wit: 419 I ~ ~ '.j ~ 420 ·~/ .·.·:· Coupon No. *---- CITY OF PALO ALTO S'ANTA CLARA CO~'TY, CALIFORNIA Will pay to bearer hereof on the 2nd day or , 19 , at the office -o"""f~t'""he_,T .. r_e_a_s_u_r_e_r_o•r sa1~1 ty, the sum or Dollars ($ ) _s_a.,,.! .. d_s_u-m'""'br-e-! ... n-g-t"'h~e-s_e_m....,;lannual 1 nteree t due on Improvement Bond No. of Series No.. - Dated=--~~~~--~--~~ TreaBurer Of City of Palo Alto * * * * * * * • I hereby certify the f orego1ng to be a true copy of resolution adopted by the City Council or the City of Palo Alto California, at a regular meeting thereof held on the 23rd day or June·' 1952, by the following vote of the members thereof: AYES, and in favor thereof, Councilmen: Bishop, Blois, Caahel, Cathcart, Dryedale~ Gaspar, H111, Marshall, Mitchell, Montrouil, Simpson, Wickett. NOES, Councilmen: None. ABSENT, Councilmen: Bower, Miller • 7'!I'ty ffero1ty o'~11to APPR~i1f/-/,-1 ,.1 ,;/ t' I , I / I _.:.7~. yor ./,,¥ t_ ~ /·" ,; / I ,. ~l ~J ~' i ~ ' ~ J, ~ " t -. l I J ·~ ~ ·~ •' f . v • , .... .,_,..,,,~--.. , .... ,. •. ~,_ .. _,...,.,,...,~,., ... ,~ .. , .,._.,~,., ...... p.,. "'•'J~,,.,. .. ,~..., • .,_.,.,., dnl· ...... .,..,. ... , ·'""~u •-• ,,,.._. "" ,.,., .. ,,.. -• -• u~ •·, ,,. •• ,._._., "'., 421 .. "-...... _~ I ._ . ..........,. ~---~"""'"it" r LIST Cfl UNPAID ASSESSMENTS ; IMPROVEMENT PROJOOT HO. 51 -16 I HOMER AVENUE, ET AL I~ STORM SEWERS .\ea't M:''d Val'n ~~ ~e1or1fit1on Aaount ti1 ImpJ."lt I 5 Bef • at pt on NWlJ ln Welle Ave. $959.64 8,700 25,240 d at Jiily 145. 565 • tr MBly ln . El Camino Real; th Ill &lf ad IWl~ ln 322.32 1 , th H 19 l~' W alg SW ln Urban Lane 147.70 •, th s 70° 47' w ~86.45 1 , th s 42• 30' E 160.7 6 1 to Pt. ot beg. being 'Pt or Tr. of Ld 01' Ca-ptain 6 John Greer Bel. at pt on SEly ln Wells Ave. 252.20 2,400 l,,320 11t. Hlly 355.512 1 tr MElJ ln El Camino Real, th alg ed SEly ln N 70• Irr• E 100', th a.lg Urban Lane S 19° 13' E 137.74 1 ,, th alg Homer Ave. S 70• 47' w 100 1 , th N i9• 13' w 137.174' to ~t. or beg. being -pt or Tr ot Ld of Captain John Greer. 7 Beg. at pt on SEly ln Welle Ave. 117.36 l,,100 5,180 diat. HEly 268.73• NElt tr El i -Camino Real, th N io• 7' E 86.782', L. \ th Sig• 13' E 73. 7'; th S 70• 47' W 86.7 2', th N i9• 13 1 W 73,87• to pt. or beg. being por. of Tr. ot 8 ld or Captain John oreer. 101.49 4,920 Beg. on NW ln Homer Ave. 30' wide i.100 diet 209.30' NE fr NEly ln El Camino Real, th alg Homer Ave. M 70• 47! E 86.782 1 , th N 19° ~· w 63.87 1, th s 70• 47' w • • 782 1 # th S 19• 13' E 63.87 1 to pt. or beg. being por. Tr. of ld or Ca~tain John Greer. 6.,830 9 Beg. on SBly ln Wella Ave. at 213.25 l,910 NEly ln El Camino Real; th N 70~ 4~ E 150', th S 42' 30' B 8o. 1 th S ~0 47' W 25 1 , th M 4~0 ef. • V 5. 'l th 3 70• 47' v 4 • •, th. s 47 ~o· w 11.80 1 , th N 42• 30 1 w 105. 4 1 to pt. or beg. being por. of Tr. or Ld of Ca-pt a1n John Greer .. 12 Beg. at pt of 1nter9 ot NEly ln 2.743.49 26 .. 290 22,.550 !l Catrdno Real and HWly ln of i . Greer Homestead T~ th alg NW17 i ln 78° -7' E 852. ', th M 51• 45' j W l95,o6'4 th alg curve to lert l~~ r&d1US 53 ', 222,9', th S 70° '7' W 127,49 1 , th S i9• 13' E 40.77', th S 70° 07' 34 11 W 271..77', th N 19• 13' W 12i·~·, to SW ln Homer Ave. th S 70 4 ' W 30', th S · 19° 13' E 163.70', th S -7• ~0' W i37.12 1 to ad RE ln; th S 2° 30' I 80.24' tc pt. ot beg. being ~or. ot Tr. ot ld ot Capta.in John Greer. I-· ·- I - L~ ._, ........ _._,, ____ ._ ....... , ..... --"·····-----.. .,.-.... ~ ..... _, "it,.;;,~-: ... j; -~:..: : f.)ll_ • "/~~!·u •"°:':..• ~· ' ".· '.. -.~ ;. \ .. ~-·"· .. .,.~-~-.. .-.-..... ~ ,4.-,,,.-· •><• ..... - ~f~~ :-: /1 :·r I,• ·• i:') > :"'~• :~ ••• •• •. '""·; ! r,: ·~ 1;·!!'-,' -.~:~--•.f~ '\ ~ ·~ ,'.."'). ,"' . ,. ' ,, .... , .. '~·,, # ' : ·, I ' I.~,. '· ' ' .... -.......... __ """'"'--.. --......... _, ___ Ill_........., .... ~ ...... -~---.. -~ .. -~--... --,,-~.··~·-····-·-··-~~~--._ .. ,, .. ,~. AS8 4t No. Deacr1pt1on MIOunt ~3 Beg. on SEl7" l'1 'Romer Ave •. NEly 248.15 th 249.72'1 fr.IJ£1Y ln of.El 18 19 20 21 22 ~~ 25 26 28 29 ~o 32 ~~ 35 36 §~ ~6 41 42 46 47 50 51 52 5~ 5 Camino Real, ·th 8 19° 13 •. ·g l!,!3.·25·' ·th N. 70• 07"' 34" E ll0.57•·,1~''1f-l9'° 13 • w 121.99 ~ to ·~ .SW. lnf th ·s 10• 47' W ·110.57 1 to -p~; ot"~be •• ".being a -por." ·ot the '?ract or Land or : Captain John· Gre~ v. • • •,. .-ii..~··. ; ' : • .l ·: ! ' . Lot i, ureer Homestead Tract 84.35~ HW 25.57' Lot 2, Greer Homestead Tr. 55.51 Lot 3 and SE 14.41' Lot 2, 11 lll.Ol ~ Slly 6o.£:ofL. 4,Greer Hom.eatead Tr. 55~47 NWly 60 .. 5!7 1 Lot 4 " 55.;l Lot g' Greer Homeatead Tract 110. Lot & SWly 10' Lot 7 11 l~:~~ NEly 40' Lot 7, Greer Home1tead Tro Lot 8, Greer Homestead Tr. 110 .. 96 Lot 10, Greer Homestead Tr. ll0.96 Lot 11, " ll0.96J Lot 12 II ll0.96 Lot 14 II 110.96 Lot l~ " 110.96 Lot l II 83,621 Lot l~ II 87.92 Lot l u 81.55 Lot 19 11 62.10 ! Lot 20 II 68.44 Lot 21 II 67.82 Lot 22 II 110.96 Let 2'\\ 11 ll0.96J Lot 24, SWly 44 1 110.96 Lot 28, Greer Homeetead Tr. 110.96 Lot 29, " ll0.96 Lot 32 II 110.96 Lot 3~ II ll0.96~ Lot 3 fl 110.~ Lot 35 II 71. Lot 36 II 90.08~ 55 Lot 3~ II 112.28 55-A Lot 3 II p ft o at1•11) ~ l.O, 6.3 55-B Lot 39 11 l ft. strip 56 Beg. NEly ln El Camino Real· at SWly 2,170.50 ln Greer Homestead Tr. th N 70° 47 1 E 934.69 1 ' th alg SWlY' ln s .• P .R.R. S 51• 45' E 581t to JN ln Embarcadero Rd, th alg Embarcadero Rd S 70° lC' V 896', th N 42• 30' W 1&~• th S 47° 30' W 125 1 to ad NE ln, th H 42• 30' W 4o8.50' to pt. or bego be1ng por. ot Tr. ot ld ot Captain John Greer. 93.68 57 Be~. OU NEl~ ln El Caaino·Real s 4 • 30' R 31.50• tr SW ln Greer Homestead Tr. th N 42• 30' W. 123.' th N 47• 30' E 125' tn S 42• 30' B 186 1 to.NW ln Embarcadero Rd. th s 10• l0f w 125.37' th. 72• 33' w 20.0l' to pt. ot beg. part ot 'IT. ot Land ot' Captain John Greer. $9,88o.46 1~aa 'd Val 1 ri. tin!'. nnprv! 2,350 4,6c:o 4,950 6,080 3,700 2,500 1#750 2,,~ao 21100 l, 00 1,400 7,500 1,750 2,090 l,750 l,760 3~500 5,020 l,'750 1,230 1,750 3,160 9,290 1,,750 9,590 l,750 410 l,750 1,750 l,, 34C 2,,00 l, 00 23C l,600 55,150 (included 1n No. 56) 105,170 155.770 -.; ·~~ ·-.: 'f ~-~ , ' ·r