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Home My WebLink AboutRESO 2354.. I • I~ L l~ • w, • ..,,. ...... ,. ••••• ••~ ,_,,, •• _.....,~,..,,,..._,,.~,, .. ,_,,,..,~"-w" ... ~ •·<••-•P~-~~~-,w-••-~•rl'-~•·•~••. ··-. >--~···••'-• R E S 0 L U T I 0 N ----------N 0 " ~ PROVIDING FOR THE ISSUANCE OF BONDS ENCINA AVENUE ET AL PRO,J'ECT NO. 52-4 • RESOLVED, by the City Council of the City or Palo Alto, California, that \fHBREAS, said Council d1d on the 24th day or March, 1952, adopt 1te Resolution of Intention No. 2267 relating to certain work to be done and improvements and acquisitions to be made 1n said City under ~nd pursuant to the provisions of Article C of Ordinan~e No. 844 of said City, adopted January 13, 1941, entitled "Palo Alto Improvement Procedure Code", and did therein provide that aerial bonds would be issued thereunder pursuant to the provisions or Part 4, Bond Plan c or Article IV or said Code, ref- erence to aaid Resolution of Intention, aa amended, being hereby expressly made for further particulars; WHEREAS, on .July 10, 1952, the Superintendent of Streets of said City or Palo Alto, filed with the Clerk of sa1d Clty a complete list or all assesRments unpaid•thereunder upon the re-· spective assessment and diagram numbers thereon, whereupon said Clerk gave not1ce of the filing of said list and fixed in said notice Monday, the 11th day or Auguut, 1952, at the hour of 7:30 o'clock P.M. as the time when interested persona might appear before the City Council of said City, at the regular meeting pkce of said Council, City Hall, 1n said City and show cause why bonds should not be issued upon the security of the unpaid assessments shown on said list, all of which appears from the affidavits on file in the office of said Clerk; WHEREAS, no protests or object1ona against the iseuance of said bonds were pres-ented before or at the time fixed for said hearing; NOW, THEREFORE., IT IS HEREBY RESOLVED., FOUND AND DETER-MINED, a43 follows: l. That aa1d list of asse5ements unpaid filed by said Superintendent of Streets ae aforesaid was at the time or f111ng thereof in all respects complete and correct, and that since the time of filing thereof no assessments have be-en pa.1d and also that the unpaid assessments 1n the proceedings duly had and taken under and pursuant to said Resolution of Intention, are ao shown on lb:hib1t "A" hereto attached and by reference made a part hereof. 2. That for a particular d~acr1pt1on of the lots bearing the respective assessment numbers above set forth and upon which assessments remain unpaid as above stated,, severally and respec- t1 vely, reference is hereby made to said assessment and to the diagram recorded 1n the office or the aa1d Superintendent or Streets after confirmation by said City Council, the several lots represented by said assessment numbers above set forth being so numbered and designated upon said diagram and assessment as 50 confirmed and recorded, severally and respectively. 3. That the total or aggregate amount or said assessments unpaid !s the sum of $21,530.43. - 465 •· ~; ( {. ~:. 1. ;. 466 4. That bonde shall be issued upon the security of said unpaid aeaesamente in the amount or $21~530.40 in accordance with the provisions of Part 4, Bond Plan C of Article 'IV of the Palo Alto Improvement Procedure Code, and under and pursuant to the provisions of Resolution of Intention No. 2267 and the proceeding thereunder duly had and taken; that said bonds shall be Thirty (30) in number, shall be dated July 20, 1952, and bear interest at the rate of not to exceed four per cent (4%) per annum from July 10, 1952, and the denomination of said bonds and their respective numbers and dates of maturity are as follows: Series Bond No. Denomination Date of Maturitl w 1 $ 1,000.00 July 2, 1953 2 1,000.00 July 2, 1953 3 153.04 July 2, 1953 4 1,000.00 July 2, 1954 5 1,000.00 July 2, 1954 6 153.04 July 2, 1954 ,.,. 1,000.00 July 2, 1955 8 1,000.00 July 2, 1955 9 153.04 July 2, 1955 10 1,000.00 July 2, 1956 11 1,000.00 JlJly 2 I 1956 12 153.04 July 2, 1956 13 1,000.00 July 2, 1957 14 1,000.00 July 2, 1957 15 153-04 July 2, 1957 16 1,000.00 July 2, 1958 17 1,000.00 July 2, 1958 18 153.04 July 2, 1958 19 1,000.00 ,Tuly 2, 1959 20 1,000.00 July 2, 1959 21 153. 04 July 2, 1959 22 1,000.00 July 2, 1960 23 1,000.00 July 2, 1960 21i 153.04 July 2, 1960 25 1,000.00 July 2, 19151 26 1,000~~0 July 2, 1961 27 153.04 July 2, 1961 28 1,000.00 ,Tuly 2, 1962 29 l,000.00 July 2, 1962 30 153.04 July 2, 1962 5. That said bonds shall be issued in aeries, and the un- paid assessments as shown on said list filed by the Superinten- dent of Streets and 11eterm1ned by ea id City Counc1 l, together with the interest thereon, shall remain and constitute a tru3t fund for the redemption and payment of said bonds and of the in- terest which may be due thereon, which unpaid assessments shall be payable in "nnual series corresponding in number to the num'be1• of" ser1ee of bCncta issued, and an even annual proportion of each assessment shall be peYable 1n each year preceding the date of cc V'J cc c... -< ' ~ i ;I i I ·.·~ ( I ~ ~ :J ·:: ' i •ii , 1 ., ,· }I ( ~: ~~ ~1 \ ' ' > '.l ;. _[ ·' ·~ ., , 0 J l :J. !I ~ ·~ " j ~ .-<'~ ~ '• ~ .'!. ·i ~ .., '.. :'l j~ L L~ •· ' ··~"·-"""~ "·-......... ,...., __ .. ·-............ , . .,, ........... , ...... .,., ...... --· .......... _. ____ . ___ , __ -.- maturity for each or the eevernl series or bonds issued, and such proportion' or each asaesS'fbent com1ng due in any year, together with the annual interest thereon, ahall in turn be payable 1n installments ae the general taxee or ea1d City on real property are payable~ and shall become del1nQuent at the same times and 1n the sam& proportionate amounts and bear the same proport1onn.te penalties for delinquency. 6. That the s1gna tures. or the Mayor and Treasurer be impressed upon said bonds by engraved or lithographed process and that said City Clerk ghys1cally sign sald bonds and aft'ix thereto the corporate seal or said City; the interest coupons affixed thereto shall be signed by said Treasurer or bear h1s engraved, pr1nt1!d or 11 thographed signature; and such signing and seallng or said bo~ds by said off1cera, and signing or said coupons by said Treasurer shall constitute and be a eufficlent and binding execution 01· each and every one or sa:td bonds and all of the coupona thereof respectively. Said bonds shall be substantially in the form set forth in Bond Plan C of Article IV of ea1d Palo Alto Improvement Procedure Code; Bald Treasurer and said Mayor and said. Clerk are hereby authorized and d.1rected to so sign and attest respectively. 7. That the interest coupons attached to each or said bond~ and evidencing the interest to accrue thereon ehall be numbered consecutively and be substantially in ::he following form, to wit: "' Coupon No. *----- CITY OF PAI.0 ALTO SANTA CLARA COUNTY, CALIFOP.NIA Will pay to bearer hereof on the 2nd day of , 19 , at the orf!ce or tfi'e~reaeurer Of said City, the aum of Dollars ($ J said sum being the semiannual interest due on Improvement Bond No. of Series No. Dated=~~~~~~~~~- Tre-asu.rer---or-City of Palo Al to * * * * • * * I hereby certify the foregoing to be a true copy of resolution adopted by the City Council or the City or Palo Alto, California, at a regular meeting thereof held on the 11th day of August, 1952, by the following vote of the members thereof: AYES, and in favor thereof, Councilmen: Blois, Bower, Cashel, Cathcart, Drysdale, Gaspar, Hill, Marshall, Mitchell, Montrouil, Simpson, Wells, Wickett. NOES, Councilmen: None. ABS~"T; Councilmen: Bishop, Miller. I·~ ' /A /] ~.L__Md_L_~ APPROVED: . ~ , c1 t)' CTerK ~,,-tne C!ty or Pa Io Ino -' .z;t{l ~ /YOr 467 • :.~ ~: f. i "'-.-.........._ ........ _ .. _.v't'-'O··-·····-·· t 468 A11 1t Number 3 6' 7 9 11 I·· ~ " ·,' ~. • l l l' f .!•· ··.·· ,.,.,.-+4W_,..,,_,.,,, ....... \f•,_-.,~, .. ,., ........... ?'11111•·---·--·--., .............. ~ ,,. .,.. ... , ... ''" ,,, .... ,,..., ' ......... ;· ... -·~--·' . LT.ST 2l UNPAID A8S!§!!!!E!'£L Dt:IHA AvmmEa ET AL PROJECT NO. 52-4 Description Seg. at a pt on NWl7 ln Well• Ave. diet. NEly 145.565 tt tr. NEly ln ot El Camino Real; th NB alg -~t sd MWly ln 322.32 ft; th W 19° 13' w alg SW ln 'Urban Lane 147.708 rt& th s 70° 47' w 386.45 rt; th s 42 30 1 E 160.786 rt to pt. or beg. being a pt ot "Tract or Land or Captain John Gr•er" $2.578.71 8,700 25,240 Beg. at pt on SEl.J ln Wells Ave. dist .. NEly thereon 268.,73 tt; tr Nlly ln El Cam1no R••l; th N 10• 47' E 86.782 ft; th S 19• 13' E 73e87 ft; th S 70• 47' W. 86.782 ft; th N 19• 13' W 73.87 tt to pt. of beg. being por. of "Tract of Land of Captain John ~ rJ'J 0: c.. --< I Greer". 642 .15 i .100 ; , 18o Beg. on NW ln Homer Ave. (30 tt wide) I diet. th 209.30 tt NE tr NllJ ln ot El Camino Real• th alg Homer Ave. N 70• 47 1 E 86.782 ft; th N. 19° 13' w 63.87 tt1 th s 70• 47' w. 86.182 rt. th s 19 13' E 63.87 rt to pt. ot beg~ being por. or "Tract of Land ot Caotain John Greer". 493.60 l, 100 4. 920 Beg. on SEly ln Wells Ave. to NB1y ln or El Camino Rea14· th N 70• 47' E 150 rt; th S 2• 30• 1 ao.84 tt· th s 10° 47' ¥ 25 tt; th N 42• 30' W 5.84 rt; th s 70• 47' w 46.88 rt; th S. 47° 30' W 71.80 fti th N 42• 30' ~ 105.84 tt to pt. or beg. be1ng a portion or the nTract or Land ot Ca~ta1n John Greer". 11109.98 6,830 11910 Bes~ at pt ot inter. ot N!ly ln El Camino Real • NWly ln or the Greer Homestead Tract; th alg ad NWl7 ln H 70" 47 1 E. 852.08 ft; th N 51• 45' W 195.06 ft; th alg curve to lett 534 ft, 222.9 tt; th s 10· 47· " 127.49 rt· th I S 19° 13' E 40.77 ft; th S 10' 01' 34 6 W 271.77 ft; th H 19° 13' W 12~.25 tt to SW ln Homer Ave. th S 70 47' W 30 rt; th S 19° 13 1 E 163.70 tt; th s 47• 30' w 137.12 tt to ad NE ln; th S 42• 30' E. ao.24 tt to it· ot beg. being a per. or the Tract ot Land ot ca~tain John Greer." 170.76 26,240 22.550 ~~. . ~ J 4 1 ~ ·~ ~ µ ~ l I j .• .. ~ "J" ,j ·~ j ,;;J ~ '·~1 ,,~ :~ ~i '.·~ '~~ .•. " ·"""'' J" '·-~· .~ ~;; ·r:~ ·:l ~--·· efi'" • ,., ~1· f..\: % •' .;j t ~fl:'.'.'.''!l-, .. ,~~~"1•\ '':"'";l'"'::-·!1•,rmv,•.,.,1-,.,..., •• .,........,_,.......,...,~, .... , .. ,., ~~-..... ~ ... ~ ..... I [ Aa1 1t t!2.a 12 14 15 16 iA 19 21 22 ~B ~ ~g ~A 29 30 31 §~ ~g 41 Bea. on 8Bl7 ln Bemer Ave. N!ly tb .. 149s724 tt tr lfBl7 ln ot Bl Caaino Reals th 8 ig• 1~1 I 123.25 tt; th H 70• 07' 34 E i10.57 rt1 th n i9• i3• v 121.99 rt to Id SW ln; th s 70• •1• w 110.57 rt to pt. or beg. being a por. ot the "Tract ot Land ct Captain John Greer"~ Lot 3 6 SI 14.41 tt ot Lot 2, Oreer Komeatead 'l'raot Sll7 60.6o tt ot Lot 4, Greer Hame1tea4 Tract l~t 5,, Greer Homestead Tract Lot 6 • SWly 10' Lot 7 11 NEly 40 ; Lot 7 II Lot 8, Greer Home1tead T~aot Lot 10 " Lot ll . 11 Lot 12 '1 Lot 13 ·11 Lot 14 II Lot 15 II Lote 16, 17,18 " Lota 19, 20., 21 " Lot 22 " Lot 23 " SWl7 "" ' Lot 24 '' Lot 28 " Lot 29 II Lot 32 " Lot 33 " Lot 34 " •~•••"''"""'"''"'°fl.'•T•"'./'l't'l:'°".~'/f"f",•~·•1'V'.', .. .,.-,"""".':t;").:!f~''.~~-.. ~~ A!Ount 628.94 965.031 7~.61 ' .99 6 5.99 443.99 554.99 554.99 554.99) 554 .. 99) 605.34 689.26 739.60 l,746.06 l,206.481 554.99 739.60 622.66 689.26 689.26 554.99 739.61) 739.61) 469 Ala'd Valn ~ @Prii 1 2,,350 4,700 l,750 2.100 1,,400 l,750 1,750 3,500 1,750 1,750 1,750 3,16o 9,560 1,750 1,750 l,,750 2,500 4,620 2.3ao 1,800 750 2,090 . l, 760 l 5,,020 l i 1,610 ! 1,230 . 410 1,340 ! $21,530.43 88,ooo 82,,810 L. .• i. ; ~:. \ "' ;l ,:;~ <;. ,_. .A l ' .-~ ., l J :~ --~ ·l :~ "~ ' ·.1 ;~ 'il 'II ' l :1 I ~ .