HomeMy WebLinkAboutRESO 4290410
wJML:KJmh 7-25-69-25
RESOLUTION NO. 4290
A RESOLUTION DETERMINING UNPAID ASSESSMENTS
AND PROVIDING FOR ISSUANCE OF BONDS
FOOTHILLS GAS SYSTEM PROJECT NO. 68-82
ASSESSMENT DISTRICT
ORIGINAL
RESOLVED, by the Council of the City of Palo Alto, California,
that
WHEREAS, said Council did, on Apri) 7, 1969, pass and adopt its
Resolution of Intention No. 4230 relating to the acquisition of public
improvements in said City under and pursuant to the provisions of
Chapter 13.12 of the Palo Alto Municipal Code, and did therein pro-
vide 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 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
the office of the Superintendent of Streets of said City after con-
firmation by said Council, the several lots represented by said
assessment 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 $19,068.78, 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 Inten-
tion and the proceedings thereunder duly had and taken; that said
bonds shall he twenty (20) in number, shall be dated September 2,
1969, and bear interest from their date at the rate of not to exceed
seven percent (7%) per annum, 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
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
tion of each and every one of said bonds and all of the
of, respectively. Said bonds shall be substantially in
forth in said Bond Plan B. Said Treasurer and Clerk of
are hereby authorized and directed to sign said bonds.
6. The interest coupons attached to each of said
binding execu-
coupons there -
the form set
said City
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, , 19
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, Foothills Gas Sytem Project
No. 68-82, Series E. Bond No.
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
EXHIBIT "A"
LIST OF UNPAID ASSESSMENTS
FOOTHILLS GAS SYSTEM, PROJECT NO. 68-82
CITY OF PALO ALTO
Assessment
Number
Assessor's
Parcel Number
58 182-40-5
59 182-40-4
60 182-40-3
61 182-40-2
62 182-40-01
63 182-40-13
65 182-40-11
66 182-40-10-
68 182-40-08
69 182-40-07
70 182-40-06
72 182-40-35
?3 182-40-34
74 182-4o-33
75 182-40-32
76 182-40-31
77 182-40-30
79 182-40-28
81 182-40-38
82 182-40-25
83 182-40-37
84 182-40-23
85 182-40-22
86 182-43-20
87 182-43-18
88 182-43-17
89 182-43-16
90 182-43-15
92 182-43-13
93 182-43-12
94A 182-43-33
94B 182-43-3
95 182-43-32
97 182-43-09
98 182-43-08
99 182-43-07
loo 182-43-06
101 182-43-05
103 182-43-03
106 182-43-29
109 182-43-26
110 182-43-25
111 182-43-24
112 182-43-23
Amount Unpaid
$ 469.08 $
469.08
419.08
469.08
469.08
400.00
469.08
469.08
406.08
469.08
469.08
4o6.o8
469.08
406.08
406.08
469.08
406.08
469.08
406.o8
406.08
469.08
406.08
469.08
469.08
406.08
406.08
469.08
469.08
406.08
4o6.08
406.08
406.08
469.08
469.08
408.10
406.08
338.40
469.08
406.08
406.08
406.08
406.08
406.08
469.08
Assessed Valuation
Land Improvements
4,000
3,800
3,800
4,00o
4,000
3,60o
3,80o
5,200
3,350
3,600
3,600
4,500
3,850
3,700
3,30o
3,20o
5,200
41 350
4,550
4,750
4,750
4,500
5,000
4,400
4,500
3,80o
4,10o
3,80o
3,150
3,15o
3,150
3,30o
3,150
3,150
3,350
3,70o
4,000
4,000
5,800
6,00o
4,700
4,450
4,500
5,350
$
11,170
8,840
9,910
7,940
8,180
10,420
9,860
11,100
9,720
10,000
7,690
9,380
b50
10,580
10,050
1,000
WO. MO MEV
- MP
9,340
7,700
mwamr
awmpa
•Nro o MO
milowdm
10,390
$ 1.9,068.78 $ 179,900 $ 163,920
$343,820
Note: The parcels with Assessment Nos. 19 through 56, as shown on
Sheet 2, and the parcel with Assessment No. 115, as shown on
Sheet 4 of the accompanying assessment diagram, have been so
identified by the City for the purpose of computing benefits
attributable to said parcels from the construction of the primary
gas supply system. The City is advancing the cost attributable
to said areas, subject to recovery when the designated parcels
are annexed by the City.
• •
EXHIBIT "B"
Series Bond Numbers Principal Amount Date of Maturity
E 1 $ 68.78 July 2, 1971
2 1,000.00 July 2, 1971
3 1,000.00 July 2, 1972
4 1,000.00 July 2, 1973
5, 1,000.00 July 2, 1974
6 - 7 2,000.00 July 2, 1975
8 - 9 2,000.00 July 2, 1976
10 - 11 2,000.00 July 2, 197?
12 - 14 3,000.00 July 2, 1978
15 - 17 3,000.00 July 2, 1979
18 - 20 3,000.00 July 2, 1980
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
As's City tier o theCity o a o o
APPROVED:
tom.: Wish 7-28-69-6
I
LIST OP UNPAID ASSESSMENTS
FOOTHILLS GAS SMSICK ASSES' DISTRICT
PROTECT NO. 68.82
WHERSAS, an assessment and diagram were recorded in the
office of the Superintendent et Streets of the . City of Palo Alto
on May 13, 1969 for the acquisition of the improvements described
in Resolution of intention 1i0. 4230 adopted by the Council of
said City on April 7, 1969;
W AS, : notice of the recordation of Mid assessment and of
the time and place mere and within Ukiah said assessments were
to be paid has been duly gin in the time and form provided by
tar, and certain of said assessments have been paid in whole or
in part;
IOW, TIMMONS, I, the undersigned City Traaserer of the City
of Palo Alto, do hereby certify that the list hereinafter set
forth is a true, correct and complete list of all assessments
unpaid upon said assessment, and is hereby sods end feed by me
according to law,, and said list with the respective asosssmest and
diagram numbers of the lots er parcels of land assessed, and the
amounts maid thereon, is as hereinafter set forth.
$19, + ,
total or aggregate amount et assessments unpaid is
IN TEAR Y 16121131011, I have hereunto set may hand this
'7.'j _ day of :taus 1969.
etty
441'dilegS.7.4a-Co
•
/'0
LIST OF UNPAID ASSESSMENTS
FOOTHILLS GAS SYSTEM, PROJECT NO. 68-82
CITY OF PALO ALTO
Assessment
Number
Assessor's Assessed Valuation
Parcel Number Amount Unpaid Land Improvements
58 182-40-5 $ 469.08
59 182-40-4 469.08
60 182-40-3 419.08
61 182-40-2 469.08
62 182-40-01 469.08
63 182-40-13 =00.00
65 182-40-11 469.08
66 182-40-10 469.08
68 182-40-08 406.08
69 182-40-07 469.08
70 182-40-06 469.08
72 182-40-35 406.08
73 182-40-34 469.08
74 182-40-33 406.08
75 182-40-32 406.08
76 182-4o-31 469.08
77 182-40-3o 406.08
79 182-40-28 469.08
81 182-40-38 406.08
82 182-40-25 406.08
84 182-40-37 469.08
182-40-23 4o6.08
85 182-40-22 469.08
86 182-43-20 469.08
87 182-43-18 406.08
88 182-43-17 406.08
89 182-43-16 469.08
90 182-43-15 469.08
92 182-43-13 406.08
93 182-43-12 406.08
94A 182-43-33 406.08
94B 182-43-34 406.08
95 182-43-32 469.08
97 182-43-09 469.08
98 182-43-08 408.10
99 182-43-07 406.08
100 182-43-06 338.4o
101 182-43-05 469.08
103 182-43-03 406.08
106 182-43-29 406.o8
109 182-43-26 406.08
110 182-43-25 406.08
111 182-43-24 406.08
112 182-43-23 469.08
4,000 --_
3,800 11,170
4,0 9 00 ,910
4,000 7,940
3,600 8,180
3,80o 10,420
5,200 9,860
3,350
3,600 11,10o
3,600 9,72o
4,500 ---
3,850 10,000
3,700
3,30o
3,200 7,690
5,200 9,35o
4,350
4,550
4,75o ___
4,750 650
4,500 10,580
5,000 10,050
4,400 1,000
4,500 _--
3,800 ---
4,100 ---
3,800 --_
3,150 --_
3,150 ---
3,150
3,300
3:150 9,340
3,150
3,350 7,700
3,700 ---
4,000 ---
4,000 ---
5,800 ---
6,000 ---
4, 70o ---
4,450 ---
4,50o _ - _
5,350 10,390
all• AO ON
111.
01110
MI =lb
$ 19,068.78 $ 179,900 $ 163,920
$343,820
Note: The parcels with Assessment Nos. 19 through 56, as shown on
Sheet 2, and the parcel with Assessment No. 115, as shown on
Sheet 4 of the accompanying assessment diagram, have been so
identified by the City for the purpose of computing benefits
attributable to said parcels from the construction of the primary
gas supply system. The City is advancing the cost attributable
to said areas, subject to recovery when the designated parcels
are annexed by the City.