HomeMy WebLinkAboutRESO 2459,, ·L
128
R R S 0 L U T I 0 N N 0 • ~
PROVIDING FOR THE ISSUANCE OF BONDS
PROJECT NO. 52-10
NORTH CALIFORNIA A~~
ACQUISITION AND IMPROVEMENT
RESOLVED, by the City Council of the City of Palo Alto, Ca.lif'orn1a, that
WHEREAS, said Council did on the 26th day or January, 19531 adopt its Resolution or Intention No. 2404 relating to certain
work to be done ar1d improvements and acqu1ait1ona to be rr~de 1n
sa!d City under and pursuant to the provisions of Article V of
Ordinance ~o. 844 of said City, adopted January 13, 1941, entitled
t'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 IV or sa:td Code,
reference to said Resolution of' Ir1tent1on, ae amended, being
hereby expressly made f.or further partic1.1lars i
WHEREAS, on June 17, 1953, the Superintendent of Streets
or said City or Palo Alto, filed with the Clerk or said City a
complete list or all assessments unpaid thereunder upon the
respective assessment and diagram numbers thereon, whereupon said
Clerk gave notice or the filing of said list and fixed in said
notice Monday, the 13th day of July, 1953, at the hour of 7:30
o'clock P.M. as the time when interested persons might appear
before the City Council of said City, at the regular meeting
place of said Council, City Hall, in said City and show cause
why bonds should not be 1zsaued upon the secur~.ty of' the unpaid
aseesements shown on said list, all of which appears from the
affidavits on file in the office of said Clerk;
WHEREAS, no protests or objections against the
issuance or. said bonds were presented before or at the time fixed for said hearing;
NCW 11 THEREFORE, i.T IS HEREBY RESOLVED, FOUND and DETERMINED , AS FOLLCMS:
1. That said list of aesessrnents unpaid filed by said
Superintendent of Streets as aforesaid was at the time of filing
thereof in all respects complete and correct, ar1d that ej.nce the
time o:C' filing thereof no assessments have been paid and also
that the unpaid asaesaments in the proceedings duly had and taken
under and pursuant to said Resolution of Intention, are as shown
on Exhibit "A" hereto attached and by reference made a part hereof.
I1
l.l
2. That for a particular description of the lots bear1ng
the respective assessment numbers above set forth and upon which
assessments remain unpaid as above stated, severally and respec-
tively, reference is hereby made to said assessment and to the
diagram recorded in the off1ee of the said Superintendent of
Streets after confirmantion by said City Council, the several lots 1 represented by said aseessment numbe~s above set forth being so .
numbered and designated upon said diagram and assessment as ao ·
confirmed and recorded, severally and respectively.
3. That the total ~r aggregate amount of said assessments unpaid is the sum of $188,136.28.
l 3 I l i
I l
l ' I i ~
l \ I ~
I
1 i t ..
J'
f< !\ 11 fi
t
;.
'! ,.
~· ·~, ,~>
'
<'lool.._...,, ______ ._~ ................. 4 ..... . ~ -~~·~-·--~---"~~"~M't'l~
[~
129
4. That bonds shall be issued upon the security of aa1d
urrPa1<1 assessments in the amOllnt of $188,136.20 in accordance
with the provisions or Part 4~ Bond Plan C of Article IV of the
Palo Alto ImProvement Procedure Code, and under and pursuant to
the Provisions of Resolution or Intention No. 24QJI. and the pro-
ceedings thereunder duly had and taken; that said bonds shall be
two h!.lndre<1 (200) in number, shall be dated J1.me 17, 1953, and
bear interest at the rate of not to exceed six per cent (6~)
per annum from June 17, 1953, and the denomination of said bonds
and their res~ect1ve numbers and dates or maturity are an shown
on Exhibit "B attached hereto and by reference made a part hereof.
5. That aa1d bonds shall be issued in aeries, and the
unpaid assessments as shown on said l1st tiled by the Superin-
tendent of Streets and determined by said City Council, together
with the interest thereon, shall remain and constitute a trust
fund for the redemption and payment of said bonds and of the
interest which may be due thereon, which unpaid assessments shall
be payable in annual series corresponding in number to the number
of series of bonds issued, and an even annual proportion ot' each
assessment shall be payable in each year preceding the date of
rnatur•i ty f'or each or the aeveral series or bonds 1soued, and
such proportion of each assessment coming due in any year, together
with the annual interest thereon, shall in turn be payable 1n ,
1natal1ments as the general taxes of said C!ty on real property f
are payable, and shall become delinquent at the aame timee and ~·
in the same proportionate amounts and bear the same proportionate . penalties for delinquency. 1
6. That the signatures or the Mavor and Treasurer be !
impressed upon said bonds by engraved or lithographed process l
and that said City Clerk Physically eign said bonds and affix I
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 eignaturej and such signing ~
an<1 sealing or said bonds by said officers, and signing or said !
coupons by sa:td Treasurer shall const1 tute and be a sufficient .~
and binding execution of each and every one or said bonds and ~
all of the coupons thereof reapect1vely. Sa1d bonde shall be I sub5tant1~1ly in the form set forth 1n Bond Plan C of Art:tcle !
IV or said Palo Alto Improvement Procedure Codei said Treasurer
and said Mayor and said Clerk are hereby authorized and directed to so sign and attest respectively.
1. That the interest coupons attached to each of said
bonds and evidencing the intereet to accrue thereon shall be
nun1bered consecutively and be substantially 1n the following !orm1 to \d t:
Coupon No. $ ___ _
CITY OF PALO ALTO
SANTA CLARA COm~TY, CALIFORNIA
Will pay to bearer hereof on the 2nd day of
, 19 • at the office of the-'l'rr--e~-.-u-re-·-r-o"""ltr:--s-a-:-i.,d-C1 ty :-the sum of ----
Dollars ($ ) -s-a~idT-s-u-m~b-e~1-n_g_t~h-e __ s_e_m~i~annual interest due on
Improvement Bond No.
of Series No.
Dated: __________________ __
Treasurer of City of Palo A!to
* * * .. *
'''' •·w•·''"''"" ___ ._..,.,._,.,.,~i ... __.. .. _l ... ,_,,,., __ ito·o-......... _____ 1 .. -...... , _ _.. .. _, _...._. ____ ....,,,,.,,"
130
I hereby certify the foregoing to be a true copy or
resolution adopted by the City Council of the City or Pa.J.o Alto,
Cal1torn1a., at a regular meeting thereof' held on the 13th day or
July~ 1953, b~r t:he following vote of the members thereof::
Ayes, and in favor thereof, Councilmen:
Bishop, Byxbee 8 Cashel., Corcoran, Cummings, Drys~ale~ Hanley, i l
Huston, Marshall, Mitchell, Porter, Rodgere 1 Ruppenthal, l
Simpson. L
Not;ls, Councilmen: None.
Absent, Councilmen: Wickett.
APPROVED:
OM_fd(
0
~J
11 ll
·-~···~ .... -~ ... _......__,.. __ ~·····----·--··----·,.,.....,~-~~ ......... -....._ .... , ••• __ ...._.,....~~j;Jtt,;t.:
.•'
_____________ ,., ___ ....... ,......, __ ,_.,,_ .. ~ ... ·~-......... "'-~"'"""' ___ ,._ ... _ ............. _ ... __ y.,,. __ • ____ y,,~ • .,.-......... .
·.131'
t --,
KXBIBIT • A."
Lift f1l UIPAID ASSBSIEW!"S . :i
CM ~ PALO ALTO t· l PRODC1' lfO. 52-10 I
.Aaa't •••4 Val•n I j,
llcaber AIICU.nt l ...... --lliiM i
(
32 $2.871.33 $1,500 $1,630 ,.
I. 32-A 2-·''J 32-D ''·II 84o 1,~ 35 730 ·~ 0 ii ~:17 1,020 :280 108.45 1,.020 4.,~ 10 947.62 1,100 4,.
70-c ~-57 m 11 ~T:gg 3,160
72 68o
~ 3,2'(2.gJ 3.450 2,410
726. 130 3 .. 520
75 1,236.08 1,000 3,160
ti 711.~ 650 2,040 746 .. 60o 1,000
~ 5~ .. 63 550 1,720
5 ·~ 500 2·m 81 742. 580 1, 0
82 1:~136.30 l,.C20 1, 10 ~ ~:~J 1 .. 280 2,020
85
86 ~.18 650 89 1()1.96 520 2,390 91 1,.=.74 3,130 1,160
96 ~3.26 ~ 2,Wo 96-A 1;1:~ 2, 0
~· ~1-f ~ 3,~0 2.. 0
99 642. 2 84o 3,rro
100 278.37 630 3 .. 050
101 2,000 .. 00 3.m l,iro 102 463.Q7 1, 0
i~ 20.81 810 3,090 .-8.48 1~ 3.510 I 105. -42 .. 17 t6o 3,510 109 420.21 3.050 110 --.go 790 3.150
112 22.o6 150 3 .. alo 113 1T.o6 ! 2. 30
115 11.72 2.830
116 20.~ 3 .. 510
ll~ 1.330. 1,200 2,.28o
11 316.49 680 1.,560
118-A 43.91 1,110
119 4,.020.31 3,.1.1oo 5110
i
I
. ' -\· ·•, '"' ,,,-,.,-,_, o '"'"'-.,..,~.N4~-,, ., o >" ,_..., "-• I· •-or ~-.. , ....... ..,... •• '< .-•
J
f (
I I l
1
l ·, .,
I
•
. ....... --~ ...... ______ ...... ,.. ·-·-··-----·--···--·····->,A·-··---·~------.... ·----A~ -•,h" .. ' R.,o_ ~·-..
Aae•t •••d 'Val 11l lfUIIber Aaount J!i!!
120 • 61.25 l20A 1 .91 l20B 166.91 1200 166.~ 1201) 1;1.26 120£ 1 .72
120P 156 .. 72) $4.520 $1,930 1200 119.26 l-208 47.94 120I 47.94 120J' 47.9fJ
120K 47.9' 120L 4t.50 121 57 .11 550 3.~ 122 1~.96 150 2. ~~ 18 .. 57 530 2,~20 20.Q9 530 2, 50 i~ 21 .. 60 530 2,~ 10 .. 64 530 2, 146 20.24 500 1,210 147 42.06 1,040 1,410 150 16.14 340 1,150 154 ~ .. 59 900 2,720 157A 1.30· 151B 4+.94 157C 4 .94 157D .7.94
• 157B 47.94 157P 119.26 1570 145.06 157B 145.06) 4,520 1,930 1571 11t.5.06 l57J 1~ .. 25 15'71t 1 .91 157L 166.91 151M 166.91 l57N 659-~ 111 15.21 l,~ . 1,~10 174 .3 .. 850.13 3, 20 175 3.915.01 6,350 980 176 231.~ 5,520 27.320 m 205. l~ 130.21 2 .. 530
171-Jl 1,550 l2,.68o 182 ~:;l l,i30 2,250 ~~ 10
566.30 410 185 570.39 410 186 570.07 410 ~~ 3,013.Ii 4,200 611 .. 1 410 2,150 189 6;I.06 410 2,890 • 190 6 .92 -'10 2,300
2
I
i
j \ J
. "·•·-'" -~~·--~..._.,w ________ ,__ .. __ ,_~••w•.-...-·•• ••~·•• -.,_..,._,__,...,,"'"'·-••--•-·!!
Aas•t A88'd V&l•n ' l liurabel' Aaou.nt IiiiT l§v! i -191 • 654.80 • 410 2,000 ~ I 192 3,202 .. 15 l,lJO 1,610 i~ 2,432.40 l, 20 920 1 1,1~.59 1..,.720 2,~ 195 2:.1 2.~ 3.100 3 .. ~ i§& 1.1496. 2,46o 1 .. 870 J
1,317.67 2,120 4,40o ~ l 199 1,m.a2 2,930 10,44o 1 200 1, 39 .. 13l 201 20.01 8,920 14.990 t ~ ~ 254.8o l ~ m.~ 4,470 7.~~050 ' ~ = 5 .. 352. 6,~ 1.,000.00 J,, 780 210 636.00 E 530 211 6~j·l6 212 7 .. 31 21~ 1.21 .90 990 21 'Tl~:~ 1,210 2,020 215 720 1 .. 570 2lf.; 6o.l6 2,500 2,lag 211 6o.16 2,500 l.,l 21 72.19 3,000 2,070 220 ~.0"( 1,000 1,010 221 1~.15 3.~~470 1,260 231 5 .. 4 .50 3.-750 250 ~i 507.08 211120 750 722.18 3.750 235 223.32l 235A ll7.75 1,m 2,480 236 3 1.10 1, 0 2,~Ig 2~7 m-92 1,500 2 0 • .OS 2,~ 241 ~.. .13 1, 2,o6o 242 1,322.12 910 l,l8o ~ 1,~8.18 ~ 2,090 '3I .11 520 245 .22 2,620 1,no ~h ~-52 450 .30 I~ 1,280 249 623~26 250 69"'/ .. 25 400 251 691.25 400 252 697.25 400 ~ 6g'f.25 400 \ 697.25 4oo i 255 ~.25 400 256 697.25 40o j 258 1,196.62 ~ 1,710 'i ~ ~. 23.~ ~
2,~. 1.700 190 .j ,, 261 . .18~ 1,170 3 .. 790 I 261A 97'0.55 2618 59.10
3 ' I ~
l ') I ~ ~ I . ~ j • \ j 1 r ~ f b J) 'I
1
..
.... ~···· • --..1, O -····~·------....... __ .. ,.,_ ................. ,,, ____ M•OLOK-
/ ·-------------------•-•-a_"_"_ a)
Aaa•t Aaa 'd. V&l. •a
..... 'r' Amowlt tiiif . M!~
262 $5,245.13 $1~~90 $1.38o I 263 112.00 10 1,~ ~ 2,m .. a2 2,500 6 ..
2., .. ~ 2,230 1,810 ~ ~A 1,906 .. 2,890 1,590 t 45.46 550 220 <
269 560 . 31.~ ~50 :t l
270 10.· 1,~~ ·, 6~ ·' 211 189 .. 04 l 272 539.85 370
~~ 593-~ 370 1.,900 ' l,m .. l 1,050 700 I 275 l, .95 970 l·a~ 276 1,055.09 730 m 1,035.96 730 1,190 ) 1,550.! 1,.000 920 (
~g 1,104,. 66o 2,,6o I
' . 1,322. 5 130 l, 30 1 281 :1.,29().46~
282 1li.6o 1,160 150
320 2.47 .81 l,~O 326 16.3.1& '2,0 0
3?9 14.~ 500
331 2,~:90 250 1,720
332 1,250
33~ 620.66 450
33 1,189~~ ~00 ~35 5.460.H l,, gv 4,130
~~ ~;l: 8
~~ 646.48 1 ~.23) 5.740
359 75 .87
36o 754.~ 361 754.
362 703.20
366 305 .. 88. 550 2,710
368 305.88 550
370 3~.88 550 i12 33 .21 ~ 2.710
06 308.24 2,100 4oA 308.24 680 2,720
40 3o8.24 68o 2,720
409 3o8.24 680 2,720
410 3o8.24
411 3o8.24! ) 412 313.12 \ .\ 41, 315.96 ·' i,
.J 41 315.96 ~ 415 315.96 3 ... 500 416 315 .. 96 4lb 315.96 41 .. 311.3!
~: ..
w-.t ,,...,.~., •'•
1
' ~ .... ._.,.,_._. __ ,_,~,..,•Oioj••~----....wl•--~.--... -._ __ •-~-w ..... -.. ...,.., .. .,,,...,,, __ .,.,,~--·---........---.,-__ ,.,..._.,._ ..• "'•·••-••-·•-.....,;.;. _,. ·• • ... , .. ',.,~,. •··~··
Aaa't Aaa•d Val'n Nwaber AawNnt Qi@. ~
420 $3.6l4.10 $3,890 $6,590
421, 5,1 o.ii 2,500
422 lOR. 2,= 423 381.38 2 .. 750 423--A 23~14 68o 2,700
-23-B ~·56 68o 2,700
423...0 .96 68o 2.120 -"25 325.19 68o 2, 90 436 1~.23) 6.,830 43A 37 ·~ 43 ~-4~9 .58 4 0 "12.19 441 ~~:~ 442 :i 260.58 412.19 :~ 374.~ (26· m 12.18 412 .. 19
.\49 326-~-•so 326. 310 451 320 .. 6 ~ ..
452 391 .. 41.
:~ ~3.61 2.41
455 3l3."61 456 3 2.41
~~ 3~3.61 3 2 .. 41
459 3i3.61 460 3 2.~·1) Included in Ho. 4 36 ·~61 ~3.61 462 2.41 ~~ 3~3.61 3 2.41 465 3~3 .. 61 466 3 2.41 ~~ m-61 620 .01 5 590 469 l.u 470 1 .. 5u .. 6 1,~0 471 1 .49~ 1, 0 3,470
4~2 294.01 m 294.01
294.01 ~ m-Ol 3 3.01 489 391.41 ) 7,200 8,920
490 ~3.61 491 2.42 .
492 333 .• 62
5
I
l
,,,
"""*,o/>1<.-•~-·-~"'""'' ........... M ¥"-11•'"'""-~>·bm·· l' .. I .. IUD ,.,
,,
Aa••t Aaa'd Y!! 'n Number Mount . !i¥!! 1iivi
505 $294.02~ $1 .. 540 $3,.470 506 612.11
~ 882.03 430 1 .. 950 156 .. 81 350 1_.010 509 m·40l 509A .02 950 510 1.00
·: ee ·: ~"'r. 28 -~ -..J:J oJ' • 2!~5-~1}90 353.~880
...
6 ·.· I
' I I
'l
-
8£
2
W
J
&
Et
i
l
l
::
:
u
a
w
a
•
w
a
a
:
N
a
l
i
m
'
I
'•'
"
'
:
.
o
'
"
•
-
.
J
-'
~'
,_
.
.
•~
.
-
~
r<
I
• ,',
.
.
.
.
.
,
"·
·..
.
.
.
.
-
-
~
.
-
~
. .,
,
-
-
-
~
''
"
'
'
•
,
•
.,
"'
,.
I
,.
-
~
-
...
.
.
.
.
.
~
.
·.
-
·
-
~
t
t-
~
'1
-
-
-
~
.:
;
_
~
'
.,
;
,.
_
-t
-
~-
;.
.J~
,
;
.
J
...
q
~.
••
'"
[
r
~.:
~
·
,
-
I"
n
,·
·p
6
~
r
•
!;
•
:
-~
r
-
0
~
.
~:-
__
:.
~-·
iJ
:
·
;
o
!
'
~
-~
.
"
·~
-
"
"
4
~)
'
-
I
f
,
.
,
.
.
.
.
.
.
.,
' ~
'·
'
'
t
.
.
':
f
~.
.
.
.
.
.
.
".
.
.
.
.
~
""
t
.
""
.~
:r
:
.
J:
.,.
""
•
"
f
.,
-.
...
;
~
•
~
*
..,
.
_
.
.,.
.
.
.
.
,
+~
~
..
.
.
'!"
'
••
~.
,
.
~
.
I
f
.
~
...
~
~
_.;
o
r
"!'.
-
t_
.
.
.
f"
'
""
.,
_
,
~·
'
I
'
-
:
-
-
...
·.
,
·
~
·
+-
-
~
:
\
..
'"
~
'
..
-..
.
~\
~
,Y
';
.
";-
\-
.
_
,
_
,
>
V
,
·
~
..
'-
#
1':
"'*
'
·-
-
1;
'!
-~
.,
..)
.
~
'
of·
~
,
.I
•
..
.•
•
;'.
:·
•·
·_
.
'
_,
.
,.
,
.
#
-~
·
t
"
·
,
.
.
.
..
.
.
.,
.
.
.
.
,
.
.
.
.;
.
.
.
.
.
,
.
.
,
_'
:
~
·
i~
'
-:
~
..
. '
·<
-
:
.
:·
··,
~-
.>
~-
:.
.-
-
~
"
:
P
.
h
,
~
.;,
.
-
~
) ..
.
-~
"
"
"
'
'
i;
-
~
,.
.
1&
1
--
·
··
-
~
•
.
'
'
~ ~
.
' ~
.
·.·
i
>·
l ~
j f
l l
.
I j l l
..
.
I
l { j l
"!
j ' ~ :;.
:.,
.~
'
~-
'
'
-.
;
...
,
.
·,.
.
·
~
ii!J
~
•
.~
-
l
'
...
~
~
~-
,..
.
.
.
.
..
,·
-
;;
.
~
-1
'
~
:t
f
1-
'
·
,.
-
..
.
-:
~
-.
.
,
<
·
-
-
~
~
-
~
"
"
'
'
.·
•
'
-
_:._
..
.
.
.
.
:.
,_
:
.
i.,
..
.
.
.
~
'!~
:
.
-
J
&..
--i
.
~
~4
~
..
.
.
.
.
.
-
..
.J
r.
~
~
.
,..
,
"'.
..
t
~
-
y
~
~r
<;
lr
'
•
t"
~
•
:
of
• ,J
r
-
.
..
;
I.
-
,-
'
~
~
~
.;
Jlo
.__
,
.
.
-
j;
.
c
~
~-
:1
"
'
+.
'
"f•
'
>
•'
:
••
·-
.~
.
~-
~
?
~
~
~
~
.. ~-
.
~~
-
,..
.
.
.
.
.
~
.
,
.
~·
-~
~
~ ..
.
.
.
.
.
.
~
;,
•
•
't
•
..
~
..
4
•
•
~
•
..
.
.•
+
..
~
.
~
~·
..
-~
. ,._
~.
.,
_
,
,
.
:
r
._
.
_
1:'
-
'
'
..
.
~
..
.
.
.
..
-~
-
...
.
"-
-
. ~-
,
~
.-
~·
·
·
-
·
"'
...
+ ••
•
•
-
--
..
.
--
••
~.
-
-
;,.
~
'·
j.,
.
.
~
!-
,
:
~
~
~-
l
i
+
~
..
,
.
.
.
..
.
f"
,.
t
¢
...
q
O::
i
··
·
-
·
~
l
1..
.
·'
-
A-
.
.
·-
·
~
·
·
..
.
~-
·=
~
p·
,
·
r
:
·
..
.
.
.
·
~-
.
,
:
.
;
_
,
_
.
.
""
"
"
'"
'
-
"
;
.
,
.
.
.
.
...
.
.
~.
C
;
;
J
<
,
"
"
"
~
..
..
.
;
.
.
.
.
;
.
,
.
~
w
i
.
.
~
~
-
,:
~
+.
t
.
+
~
~·
.~
•.
•
-•.
•
~.
~.
-~
~
-~
~
~
~
~
~
-
-
-
.
~
..
.
.
.
.
.