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ORIGINAL
RESOLUTION NO. 4289
A RESOLUTION DETERMINING UNPAID ASSESSMENTS
AND PROVIDING FOR ISSUANCE OF BONDS
OLD TRACE ROAD ET AL., PROJECT NO. 64-4
1969 PROCEEDINGS
RESOLVED, by the Council of the City of Palo_Alto, California,
WHEREAS, said Council did, on March 10, 1969, pass and adopt its
Resolution No. 4215 of Preliminary Determination and of Intention,
relating to the acquisition and construction of public improvements
in sad City under and pursuant to the provisions of Chapter 13.12
of the Palo Alto Municipal Code, and did therein provide that serial
bonds would be issued thereunder pursuant to the provisions of Bond
Plan B, Section 13.16.110 of Chapter 13.16 of said Code, reference
to said Resolution of Preliminary Determination and of Intention
hereby being expressly made for further particulars;
WHEREAS, notice of the recordation of the assessment and of the
time within which assessments may be paid in cash has been duly
published and mailed in the manner provided by said Code, and the
time so provided for receiving the payment of assessments in cash
has expired, and the City Treasurer has filed in his office a list
of all assessments which now remain unpaid; and
WHEREAS, the Council has duly considered said list and has
determined that the same is an accurate statement thereof;
NOW, THEREFORE, IT IS HEREBY ORDERED, as follows:
1. That the assessments in said unpaid list which now remain
unpaid, and the aggregate thereof, are as shown on Exhibit "A"
hereto attached and by reference made a part hereof.
2. That for a particular description of the lots bearing the
respective assessment numbers set forth in said unpaid list and upon
which assessments remain unpaid, severally and respectively, refer-
ence is hereby made to the assessment and to the diagram recorded in
r?- f'r
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the office of the Superintendent of Streets of said City after con-
firmation by said Council, the several lots represented by said assess-
ment numbers being so numbered and designated upon said diagram and
assessment as so confirmed and recorded, severally and respectively.
3. The unpaid list is in the amount of $328,990.32, and bonds
shall be issued upon the security of said unpaid assessments in said
amount in accordance with the provisions of Bond Plan B, Section
13.16.110 of Chapter 13.16 of Title 13 of the Palo Alto Municipal Code
and under and pursuant to the provisions of said Resolution of Pre-
liminary Determination and of Intention and the proceedings thereunder
duly had and taken; that said bonds shall be three hundred twenty-nine
(329) in number, and bear interest from their date at the rate of not
to exceed seven percent (7%) per annum, and shall be dated September 2,
1969; and the denomination of said bonds with their respective numbers
and date of maturity, are as shown on Exhibit "B" hereto attached and
made a part hereof by reference.
4+. That said bonds shall be issued in series, and the unpaid
assessments as shown on said list filed with the City Treasurer and
determined by said 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 taxable in annual series corresponding in number
to the number of series of bonds issued, and an annual proportion of
each assessment shall be payable in each year preceding the date of
the maturity for each of the several bonds issued, and such propor-
tion of each assessment coming due in any year, together with the
annual interest thereon, shall in turn be payable in installments as
the general taxes of said City on real property are payable, and shall
become delinquent at the same time and in the same proportionate
amounts and bear the same proportionate penalties for delinquency.
2
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5. The bonds shall be executed on behalf of the City and
under its official seal by the Clerk and Treasurer of the City. The
Clerk's signature and the seal may be affixed by engraved, printed,
lithographed or other reproduction thereof. The interest coupons
affixed thereto shall be signed by said Treasurer and for such pur-
poses the Treasurer may use an engraved, printed or lithographed
facsimile signature in lieu of signature by hand. Such signing and
sealing of said bonds by said officers and signing of said coupons by
said Treasurer shall constitute and be a sufficient and binding execu-
tion of each and every one of said bonds and all of the coupons there-
of, respectively. Said bonds shall be substantially in the form set
forth in said Bond Plan B. Said Treasurer and Clerk of said City
are hereby authorized and directed to sign said bonds.
6. The interest coupons attached to each of said bonds and
evidencing the interest to accrue thereon shall be numbered consecu-
tively and be substantially in the following form, to wit:
The CITY OF PALO ALTO will pay to On the 2nd day of
bearer hereof at the Bank of America
N.T. & S.A., Main Office, San Francisco,
California, paying agent of the City,
or at the offices of the co -paying
agent in New York, New York, and $
Chicago, Illinois, the sum shown hereon,
being interest then due on Improvement Coupon No.
Bond Old Trace Road, Et al. Project
No. 64-4+, Series D. Bond No.
19
Treasurer of the City of Palo Alto
7. The City Clerk of this City shall forward to the City
Treasurer and to the County Director of Finance a certified copy
of this resolution.
*
3
* *
1
1 hereby certify that the foregoing is a full, true and
correct copy of a resolution duly passed and adopted by the
Council of the City of Palo Alto, California, at a meeting there-
of held on the 4th day of August , 1969, by the
following vote of the members thereof:
AYES, and in favor thereof, Councilmen: Arnold, Beahrs, Berwald,
Clark, Dias, Gallagher, Norton, Pearson, Wheatley
NOES, Councilmen: None
ABSENT, Councilmen: Comstock, Spaeth
s• i Cit er o he Ci o a o Aldo
APPROVED:
(--,47;:fer
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EXHIBIT "A"
LIST OF UNPAID ASSESSMENTS
OLD TRACE ROAD, ET AL., PROJECT NO. 64-4
CITY OF PALO ALTO
Assessment Assessor's
Number Parcel Number
Amount Unpaid
1 175-1-55 $ 5,108.29
2 175-1-54 6,354.72
3 175-1-15 3,074.52
4 175-1-43 1,999.98
5 175-1-14 2,351.52
6 175-2-30 4,979.40
8 1?5-1-58 1,574.52
9 175-1-18 2,236.64
l0 175-1-20 1,362.25
11 175-1-21 1,526.43
13
1?5-1-19 201.00
14 175-1-53 926.69
15 175-1-26 1,891.13
16 175-1-25 2,947.73
17 175-1-24 2,745.83
18 175-1-23 3,755.66
19 175-1-47 1,920.38
20 175-1-48 2,494.48
21 175-1-42 2,497.45
22 175-1-37 2,214.44
23
175-1-12 1,357.59
2 175-1-41 1,357.89
25 175-2-3 26,775.08
26 175-1-10 2,310.77
27 175-1-36 2,324.92
28 175-1-35 2,324.84
29A 1?5-1-60 1,855.17
29B 175-1-59 1,897.26
30 175-1-6 2,634.49
32 175-1-4 2,122.20
33
175-1-3 2,257.28
3 175-1- 5 5, 458.96
35 175-1-51 773.14
36 175-20-36 14,229.81
37 175-20-47 3,439.11
38 175-20-46 5,237.45
39 175-20-24 3,817.95
40 1?5-20-15 4,272.66
41 175-20-42 6,496.96
42 175-20-45 6,107.89
43 1?5-20-44 11,548.30
44 175-20-28 4,938.61
5 175-20-29 2,364.83
46 1?5-20-5 6,270. 31
48A7 175-20-27 19,617.83
175-20-26 5,853.83
48B 175-20-26 20,502.15
3,500
2
2,600
2,800
3,000
5,900
3,000
2,600
2,450
2,000
200
2,750
2,900
2,900
2,900
2,900
2,600
2,550
2,500
2,200
2,200
2,200
12,600
3,000
3,000
3,000
3,000
3,000
2,900
2,800
2,900
3,750
2,200
7,500
2,700
2,950
2,800
5,300
2,900
2,900
5,300
4,
300
2,900
9,150
8,000
8,000
Assessed Valuation
Land Improvements
$ 28,100
7,060
7,040
3,530
4`250
4, 86o
3,600
3,320
6,270
7,850
7,960
6, 83 0
6,140
2 oo
5,89
6,110
4,250
6,020
10,220
2,880
6,390
6,815go0
3,440
4,290
9,690
8,150
9,850
5,280
4,55o
4,10o
250
9,370
150
4,65o
•
Assessment
Number
Assessor's Assessed Valuation
Parcel Number Amount Unpaid Land Improvements
51 175-20-18 $ 3,375.97
52 175-20-32 23,868.64
53 175-20-31 6,486.02
54 175-20-7 6,139.36
55 175-20-39 4,057.88
56 175-20-39 7,087.42
59 175-20-14 4,034.86
60A 175-20-13 7,060.82
60B 175-20-13 1,936.83
64 175-2-25 2,101.81
65 175-2-26 4,3347.32
66 175-2-5 4,442.57
6 175-2-27 2,824.12
68 175-2-28 3,084.03
69 175-2-7 4,175.63
70 175-2-8 3,735.88
71 175-2-9 5,137.40
72 175-2-10 7,480.82
73 175-2-15 915.91
74 175-2-14 915.91
77 1?5-2-11 907.19
779 175-2-24 915.91
80 175-2-22 907.19
81 175-2-21 907.19
82 175-2-20 926.11
83 175-2-18 907.19
1
i
,500 0 $ 4,430
8,500 ,430
2,700
2,900 6,440
5,300 7,560
4,500 14,400
6,500 ---
2,200 4,830
2,900 4,950
3,100 3,900
3,100 12,360
3,100 9,340
2,400 7,540
3,700 5,700
3,600,100 8,460
3,800 10,360
3,650 9,920
3,40o 10,460
3,300 7,120
3,$00 9,56o
3,800 9,530
3,800
3,600 8,180
$ 328,990.32 $ 265,950 $ 401,140
$ 667,090
EXHIBIT "B"
Date
Bond Numbers Principal. Amount Date of Maturity
1
2
7
8 13
14 - 19
20 26
27 33
34 - 41
42 50
51 - 59
6o 69
7o - 79
8o - 90
91 - 102
103 - 115
116 - 129
130 144
145 - 160
161 - 177
178 - 195
196 - 214
215 - 234
235 - 256
257 - 279
280 - 303
304 329
$ 990.32 July 2, 1971
6,000.00 July 2, 1972
6,000.00 July 2, 1973
6,000.00 July 2, 1974
7,000.00 July 2, 1975
7,000.00 July 2, 1976
8,000.00 July 2, 1977
9,000.00 July 2, 1978
9,000.00 July 2, 1979
10,000.00 July 2, 1980
10,000.00 July 2, 1981
11,000.00 July 2, 1982
12,000.00 July 2, 1983
13,000.00 July 2, 1984
14,000.00 July 2, 1985
15,000.00 July 2, 1986
16,000.00 July 2, 1987
17,000.00 July 2, 1988
18,000.00 July 2, 1989
19,000.00 July 2, 1990
20,000.00 July 2, 1991
22,000.00 July 2, 1992
23,000.00 July 2, 1993
24,000.00 July 2, 1994
26,000.00 Ju1;• 2, 1995
W:ML:Didt7- -6
4741
LIST OF MAID ASSXSOISSIS
OLD TRACI ROAD, IT mi., PIOJRCT VO. 64-4
1969 PROCERDIXOS
MUMS, an assessment end diagram were recorded in the
otfiet of the Superintendent of Streets of the City of Palo Alto
on Hay 351,1969 for the requisition and construction of tho improve -
seats described in Resolution %o. #215 of Preliminary Determine,.
Alen end or tertian adopted by the mil of said City cep
Ntreh 2$, 19b99;
MAMMAS, notice of the recordation of *aid assessment and of
the time and place where and within which said assessments were
to be paid has been duly gib in the time aced fora provided by
law, and certain of said assessment* hew* been paid in whole or
to ;oast;
NOW, ti tit, I, the undersigimed City treasurer of the City
of Pals Alto, do hereby certify that the list hereinafter net
forth is a true, +con ectt and complete licit of all se is un.
paid upen said aseeisment, and is hereby made and filed by me
eeeCordtag to law, and said list with the x tivre asst end
discrus ors ee# the lots or panels of 1mnd aeseseed, and the
amounts unpaid thereon, is as hereinafter Oet forth.
the total oar aggr gat. amount of acs to unpaid is
*328,990.32.
TIST1MOST tom, 2 have heremste stet my hand this
deq► of , i9f03.
LIST OF UNPAID ASSESSMENTS
OLD TRACE ROAD, ET AL., PROJECT NO. 64-4
CITY OF PALO ALTO
Assessment
Number
1
2
4
6
8
9
10
11
14
16
18
119
20
21
22
23
24
26
27
28
29A
29B
302
3
33
34
35
37
38
40
41
442
44
45
46
48A
48B
Assessor's
Assessed Valuation
Parcel Number Amount Unpaid Land
175-1-55
175-1-54
175-1-15
175-1-43
175-1-1
175-2-30
175-1-58
175-1-18
175-1-20
175-1-21
175-1-19
175-1-53
175-1-26
175-1-25
175-1-24
175-1-23
175-1-47
175-1-48
175-1-42
175-1-37
175-1-12
175-1-41
175-2-3
175-1-10
175-1-36
175-1-35
1?5-1-60
175-1-59
175-1-6
175-1-4
175-1-3
5
1?5-1-51
175-20-36
175-20-47
175-20-46
175-20-24
175-20-15
175-20-42
175-20-45
175-20-44
17-20-28
175-20-29
175-20-29
175-20-5
175-20-27
175-20-26
175-20-26
$ 5,108.29
6,354.72
3,074.52
1,999.98
2,351.52
4,97 .40
1,574.52
2,236.64
1,362.25
1,526.43
201.00
926.69
1,891.13
2,947.73
2,745.83
3,755.66
2,494.48
2,497.45
2,214.44
1,357.59
1,357.82
26,775.08
2,310.77
2,324.92
2,324.84
1,855.17
1,897.26
2,634.49
2,122.20
2,257.28
5,458.96
773.14
14,229.81
3,439.11
5,237.45
3,817.95
4,272.66
6,496.96
6,107.89
11,548.30
4,938.61
2,364.83
6,270.31
19,617.83
5,853.83
20,5)2.15
$
3,500
8,500
2,600
2,800
3,000
5,900
3,000
2,600
2,450
2,000
200
2,750
2,900
2,900
2,900
2 00
2,600
2,550
2,500
2,200
2,200
2,200
12,600
3,000
3,000
3,000
3,000
3,000
2,900
2,800
2,900
3,750
2,200
7,500
2,700
22,800
5,300
2,900
2' 90
4300
,300
2,900
3,300
9150
8,000
8,000
Improvements
$ 28,100
7,060
3040
3,530
4,250
4,860
3,60o
3,320
6,270
7,850
7,7960
60830
6,140
2,300
5,890
6,110
4,250
6,020
10,220
2,880
6,390
6;81�500
4,,440
290
9,690
,150
9,850
5,280
,550
4,100
250
9,370
150
4,650
Assessment Assessor's Assessed Valuation
Number Parcel Number Amount Unpaid Land Improvements
51 175-20-18 $ 3,375.97 $ 2,900 $ 5,750
52 175-20-32 23,868.64 8,500 4,430
5 175-20-31 6,486.02 2,700
5 1?5-20-7 6,139. 6 2,900 6,440
55 175-20-39 4,057.88
56 175-20-39 7,087.42 ) 5,300 7,560
59 175-20-14 4,034.86 4,500 14,400
60A 175-20-13 7,060.82
6013 175-20-13 1,936.83 ) 6,5oo - -
64 175-2-25 2,101.81 2,200 4,830
65 175-2-26 4,347.32 2,900 4,950
66 175-2-5 4,442.57 3,100 3,90o
67 1?5-2-27 2,824.12 3,100 12,360
68 1?5-2-28 3,084.03 3,100 9,340
69 175-2-7 4,175.63 2,400 7,54o
7o 175-2-8 3,735.88 3,700 7,700
71 175-2-9 5,137.40 3,600 5,700
72 175-2-10 7,480.82 4,100 8,460
73 175-2-15 915.91 3,800 10,360
74 175-2-14 915.91 3,650 9,920
77 1?5-2-11 907.19 3,400 10,E+6o
79 175-2-24 915.91 3,300 7,120
0 175-2-22 907.19 3,800 9,560
81 175-2-21 907.19 3,800 9,530
82 175-2-20 926.11 3,800 9,970
83 175-2-18 907.19 3,600 8,180
$ 328,990.32 $ 265,950 $ 401,140
$ 667,090