HomeMy WebLinkAboutRESO 3328KWHW':JS:amf 1? -29-60 10C
RESOLUTION NO. 3328
A RESOLUTION DETERMINING UNPAID ASSESSMENTS AND PROVIDING
FOR ISSUANCE OF BONDS
FOOTHILLS ANNEXATION NO. 2 SANITARY SEWERS
PROJECT NO . 59-10
RESOLVED, by the Council of the City of Palo Alto, Califor-
n ia, that
WHEREAS, said Council did on J une 27, 1960, pass a nd adopt
its Resolution No. 3230 of Prelimin ary Determi nation a nd of I nte n-
tion relating to the acqu isition and construction of public im-
provemen ts in said City under and pu rsu ant to the provisi ons of
Article 4, Chapter 5 of the Palo Alto Imp rovement Procedure Code,
and did ther ein pro vide that serial bonds would be iss ued there-
under pursuant to the provision s of Bond Plan B of A rticle 3,
Chapter 6 of said Code, r eference to said Resolution of Prelimi n-
ary Deter min ation and of Intention here by bein g expressly made
for fur ther particular s;
WHEREAS, n otice of the r ecordation of the assessment and of 1
the time within which, assessmen ts may be paid in cash, ha s been
duly publishe d and mailed in the man ner provided by law, and t'ne
time so prov ided for receiv ing the paymen t of assessm ents in casn
has ex pired, and on January 3, 1961, the Superintenden t of Streets'
has filed with the City Tr easurer a list of all assessments w hich
n ow re main un paid; and
WHEREAS, the Coun cil has du ly considered said list an d has
determined that the sam e is an accu rate statement the reof;
NOW, THEREFORE, IT IS HEREBY ORDERED, as follow s:
1. That the assessments in said unpaid list which now
re main unpaid, an d the aggr egate thereof, are as sho wn on Ex hibit)
ftA H
hereto attached and by reference m ade a part hereof.
2. That for a particular description of the lo ts bear ing
the respective assessment numbers set forth in s aid un paid list
and u pon which assessments r emain un paid, sev erally an d respec-
tively, refere nce is hereby m ad e to the assess me nt a nd to the
diagram recorded in the office of the Superintendent of Streets
lof said City aft er c onfir mation by said Cou ncil, the seve ral lot s
represented by said assessment numbers bei ng so n umbered and desig-
na ted upon said diag ram a nd assessme nt as so co nfirmed and recorded]
sev erally and respectively .
3. The unpaid list is in the amo unt of $92,386.76 and bo nds
shall be issued upon the security of said unpaid assess ments in
the amount of $92,386. 76 in accordance with the provisions of
Bond Plan B of Article 3, Chapter 6 of Ordinance No. 1928 adopted
by the City Council of eaid City on Ap ril 11, 1960, entitled
"Palo Alto Improvement Pr ocedu re Code", a nd u nder and p ursua nt to
the provisions of said Resolution of Preliminary Deter mi nation a nd
of Intention and the proceedings thereunder duly had and taken;
that said bonds shall be ninety-three (93) in numbe r, shall be
dated Febru ar y 2, 1961, and bear intere st from their date at th e
rate of not to exceed six per cent (6%) per ann um, and the denom-
ination of said bon ds with their respective nu mbers and dates of
matu rity are as shown on Exhibit "B" hereto attached and m ade a
par t hereof by refer ence.
4. Said bon ds shall be issu ed in series, and the unpaid
' assessments as show n on said liat filed with the City Treasu rer
of said City an d deter mined by said Cou ncil, together with the
iin terest ther eon, shall remain an d constitute a trust fund for
the r edem ption and payment of said bo nds and of the interest which;
ma y be due thereon, wh ich un paid assessments s ha ll be taxable in
an nu al series corre sponding innu mber to the number of series of
bonds issued, an d an annu al proportio n of each asse ssmen t shall
be payable in each year pr ecedin g the date of the maturity for
each of the sever al bonds issued, an d su ch pr oportion of each
assessment coming due in any yea r, together with the annual inter-
est thereon, shall in turn be payable in in stallments as the
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general taxes of said City on real property are payable, and shall
(become d elinque nt at the same time and in the same p ropo rtion ate
amounts and bear the s am e prop ortion at e penalti es for delinquency.
5. Said bonds shall be signed by the City Cl erk and City
Treasur er or bear the engraved, printed or lithograph ed sig nat ure
of said Trea surer, and the official seal of said City shall be
affix ed there to. The inte rest co upons affi xed thereto shall be
signed by said Tr easurer or bear his engraved, printed or litho-
gr aphed sign atur e; and such aigni ng a nd sealing of said bonds by
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said officer s and signing of said co upo ns by said Treas ure r sh all
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!constitute and be a sufficient and binding execution of eac n and
1
;ever y on e of said bon ds an d all of the c oupons thereof reapecti ve1y4
IjSaid bonds shall be substan tially in the for m set forth in Bona
1
(Plan B of said Improvement Procedure Code. Said Cle rk and Treasure'
of said City are au thorize d and dire cted to sign said bonds.
e. The interest coupons attached to each of said bonds
and ev idencing the interest to accr ue thereon shall be nu mbered
consecutive ly an d be substa ntially in the followin g for m, to -wit:
Coupon No. $
CITY OF PALO ALTO
SANTA CLARA COUNTY, CALIFORNIA
Will pay to bear er hereo f on the 2nd day of
, 19 at tre office of the
City Treasu rer of the City of Palo Alto, the
sum of Dollar s ($
said sum being the semi-ann ual in ter est due
on
Impro vement Bond No.
of Series No.
Treasur er of the City of
Palo Alto
7. That the City Clerk shall for ward to the City Tr easurer
and the City Controller a certified co py of this Reso lution.
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1 hereby certify that the fo reg oing is a full, true and co rrect
copy of a res oluti on duly passed and adopted by the City Council of
the City of Pal o Alto, Califo rnia, at a meeting thereof held on the
9th day of J an ua ry
the members thereof:
, 196 1, by the follo wing vote of
AYES, an d in favor thereof, Co uncilmen:
Ball, Bishop, Byxbee, Davis, Evans, Giffin, Haight, Marshall,
Mitchell, Porter, R odger s, St eph ens, W oodwa rd.
NOES, Councilmen: None.
ABSENT, Cou ncilmen: Naves, Zweng,
N.,ccfn�C�/ „.
City Clerlcr of the ZIty o3 Palo Alto
APPROV
Mayor
EXHIBIT "A"
LIST OF UNPAID ASSESSMENTS
CITY OF PALO ALTO
FOOTHILL ANNEXATION NO . 2 SANITARY SEWERS
PROJECT NO . 59-10
Ass t City Assessor's Ass'd Val' n
No. Number A mount Land I mpvt
1 23687 $ 657 .71) $ .. $.
2 23687 487 .32) 1,000 7,650
3 23686 477 .88 1,000 4,270
8 23720-24 1,172.85 1,280 2,440
9 23715-19 1,633.27 1,280 6,140
10 23754 & 5 1,388.05 660 5,600
11 23756 & 7 1,423.24 660 4,510
12 23751-53 1,345.20 740 5,550
13 23708-14 2,850.31 1,360
14 23758 & 9 1,200.39 750 4,990
16 23694-8 2,155.87 990
17 23691-3 1,676.34 850
18 23699•-707 4,321.82 1,880 7,130
19 23901-02 692.32 750
20 23903-07 1.,604. 32 2,500 3,420
21 23908 851.47 1,200 2,370
22 23909 798.10 1,130 2,220
23 23910 872.50 1,130 5,840
24 23911 619.11 1,500
25 23912 753.91 1,500
26 23913 507. 03 1,500 6,130
27 23914 676. 00 1,500
28 23915 922. 72 1,500
29 23916 886.60 1,500
32 23919 868. 48 1,500
33 23900 1,210.18 1,250
34 23898-9 1,028.13 1,250
35 23897 855.40 1,060 1,680
36 23891-96 4,516. 60 3,510
37 23800 696.46 1,250
38 2389 790.21 1,060 5.440
39 23855-88 1,317.52 1,230
40 23921-27 3,859.20 1,450
41 23965-67 2,185. 73)
42 2396,-67 2,135. 04
43 23965-67 824.74 5,000
44 23964 429.22 1,090 5,480
45 23963 525. 98 1,000
49 23959 353.18 630 3,230
50 23958 600.35 650 4,770
51 23957 486. 45 690 5,590
52 23956 468.38 650 3,960
54 23954 1,017.40 1,250 3,860
56 23953 1,017.40 1,250
57 23950 1,027. 38 1,180 550
60 23948 635. 70 940 4,400
61 23947 330. 91 810
62 23944 842.40 1,250 6,050
63 23945 842.40 1,250 7,990
64A 23942 633.40 1,130
64B 23941 458. 40 880 6,090
65 23940 509. 86 940 2,440
66 23942 581. 94 (Inclu ded in No. 64-A)
Ass't City Assess or's Ass'd Vai n
No. Number Amount Land Irn vt
67 23943 $ 406.94 $ 890 $ 6,930
69 23938 842.40 1,330 4,340
70 23937 842.40 1,130 4,770
71 23936 980.2.0 1,330 5,730
73 23933 879.60 1,250 6,490
74 23932 1,025.08 1,330 5,160
75 23931 857.76 1,180 3,950
76 23930 1,040.44 1,250 5,140
78) 23929 Por.) 869 .28
2,650 3,500
79 23928 Por.)) 540.47 1,250 4,320
80 23979-$9 2,200 .22 2,740 4,010
81 23968-78 2,368.40 2,830 4,280
82 23990-
24010 (Por. ) 3,215.51 5,660 6,230
83 24021 601.08 780 6,060
85 24016-18 704.93 880 17.,580
86 24013-15 957.60 1,610 2,190
87 24034-40 (Por .) 885.40 2,640 5,090
88 24028-33 1,061. 88 1,880 6,230
89 24022-27 1,333.75 2,030 8,490
90 24041-2 1,032. 28 1,880
91 24043 805.20 1,880
92 24044 805.20 1,880
94 24046 913.56 1,870 9,496
95 24047 898.20 2,340 11,930
97 24049 1,034.40 2,340
98 24050 1,017.40 2,340
99 24051 842.40 2,110
100 24052 842. 40 2,340 8,340
101 24053 857.76 2,340 7,190
$92,386.76 $118,270 $71,236
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EXHIBIT "B "
Serie8 Bond No. Denominati on Date of Maturit y
000 1 $1,000.00 J uly 2, 1962
2 1,000 .00 July 2, 1962
3 1,000.00 July 2, 1962
4 1,000.00 July 2, 1962
5 1,000.00 July 2, 1962
6 1,000 .00 July 2, 1962
7 1,000.00 July 2, 1962
8 1,000 .00 J uly 2, 1962
9 J uly 2, 1962
10 1,000.00 J uly
July 2, 1962
11 1,000.00 J uly 2, 1963
12 1,000.00 July 2, 1963
13 1,000.00 July 2, 1963
l 1,000. 00 July 2, 1963
15 1,000. 00 July 2, 1963
16 1,000.00 July 2, 1963
17 1,000.00 July 2, 1963
1 1,000.00 July 2, 1963
19 1,000.00 July 2, 1963
20 1,000. 00 July 2, 1964
21 1,000. 00 July 2, 1964
22 1,000. 00 July 2, 1964
23 1,000.00 July 2, 1964
24 1,000.00 July 2, 1964
25 1,000.00 Ju ly 2, 1964
26 1,000.00 July 2, 1964
27 1,000.00 Ju ly 2, 1964
28 1,000. 00 July 2, 1964
29 1,000. 00 July 2, 1965
30 1,000.00 July 2, 1965
31 1,000. 00 July 2, 1965
32 1,000.00 July 2, 1965
33 1,000, 00 July 2, 1965
34 1,000.00 Ju ly 2, 1965
35 1,000. 00 July 2, 1965
36 1,000.00 July 2, 1965
37 1,000. 00 July 2, 1955
38 1,000.00 July 2, 1966
39 1,000.00 July 2, 1966
40 1,000.00 July 2, 1966
41 1,000. 00 July 2, 1966
42 1,000.00 Ju ly 2, 1966
43 1,000.00 July 2, 1966
44 1,000.00 July 2, 1966
45 1,000. 00 July 2, 1966
46 1,000.00 July 2, 1966
Series Bond No. De nominatio n Date of Matu rity
000 47 $1,000.00 J uly 2, 1967
48 1,000.00 July 2, 1967
49 1,000 .00 J uly 2, 1967
50 1,000.00 July 2, 1967
51 1,000.00 July 2, 1967
52 1,000.0 0 July 2, 1967
53 1,000.00 July 2, 1967
. 54 1,000.00 July 2, 1967
55 1,000.00 July 2, 1907
56 1,000.00 July 2, 1968
57 1,000.00 July 2, 1968
58 1,000.00 J uly 2, 1968
59 1,000.00 July 2, 1968
60 1,000.00 July 2, 1)68
01 1,000.00 July 2, 1968
62 1,000.00 July 2, 1968
63 1,000.00 J uly 2, 1968
64 1,000.00 July 2, 1968
65 1,000.00 July 2, 1969
66 1,000.00 July 2, 1969
67 1,000.00 J uly 2, 1969
68 1,000.00 July 2, 1969
69 1,000.00 July 2, 1969
70 1,000.00 J uly 2, 1969
71 1,000.00 July 2, 1969
72 1,000.00 July 2, 1969
73 1,000.00 July 2, 1969
74 1,000.00 July 2, 1970
75 1,000.00 Ju ly 2, 1970
76 1,000.00 Ju ly 2, 1970
77 1,0000.00 July 2, 1970
78 1,000. 00 July 2, 1970
79 1,000.00 July 2, 1970
80 1,000.00 July 2, 1970
81 1,000. 00 July 2, 1970
82 1,000. 00 July 2, 1970
83 1,000.00 Ju ly 2, 1970
84 1,000.00 July 2, 1971
85 1,000.00 Ju ly 2, 1971
86 1,000.00 July 2, 1971
87 1,000.00 July 2, 1971
88 1,000. 00 July 2, 1971
89 1,000.00 July 2, 1971
90 1,000.00 July 2, 1971
91 1,000.00 July 2, 1971
92 1,000.00 July 2, 1971
93 1,000.00 Ju ly 2, 1971
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