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6-19-57 lOo
A .RBIOLU'lIOH · 1JmM' BDCl.i1'1'!'0Jf RO,. 2796
PROVIDING l'Oft ~ ISSUtJICB Of ~ . , ... , :· :· .·... . .' .. :~ :i .... ·. ,~:-"" .. . . ·r-',_.-: . . ' · ": ·
MIDDLUllU> ROAD, BT AL
.PRlllO!'. wo. H-t&. .. · ·
RESOLVED, b~ the City COQDC11 ot the City ot Palo Alto,
Cal1torn:1a, that Resolution No. 2796 entitled .. , Resol'2t1on Pro-
v1d1ng tort~~ Imauance ot,Bonda" adopted by th1a Council on
December 10, 1956, pursuant to proceedings had under Reeolution or
I
Intention No. 2744 adopted on July 6, 1956, be, and it 11 hereby,
amended as tollova:
l. That Section 3 or said Reaolut1on be amended to read:
"3. Since the filing of the Qni>aid list on November
29, 1956, there have been payments ot certain aaee11ment1 and re-. ,' "
duot1on ot certain aaaesamenta, and that the total or aggregate
amount ot the aaeesamenta unpaid ia $433,619.19."
2. That Seot1on 4 of said Resolution be changed as
•,;
f'ollOlla:
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"4. That bonds ehall be 1aaued upon the security or I
said unpaid asae••ments 1n the amount or $433,61~.10 1n aooordanoe I
with the provinione of Part 4, Bond Plan C or. Article 'r'I ot: the l
Palo Alto Improvement Proced~re Code, and under and pursuant to the!
provisions of aa1d Reeolut1on of Int~nt1on and the prooeedirigs J
thereunder duly had and taken; that :~a1d bonde shall be to11r h1,1ndr~
forty-two (442) 1n number,, shall be dated J'anua17 2, 1957, and bearl
1nte1·eet at the rate of not to exceed six per cent (6'.') per annW11 !
I from Januacy 2, 1957, and the denOll1nat1on of said bonds and their I
respective nPlll'bera aad date• ot materltJ' are as 1hown on Bxbib1t I
I
"»" attached·'·h•reto an4 b7 retueaee .Ue a part hereof'."
3~ :That Section 8 lball be dcltKI •• la:ld Reeolution to
read as 'f.e11CMa&
· . -:•a. Ttlf» Ci.,_ Cl•* anau ft.a cert1t'1ed aop1e1 ot th1
Retol\li.1on. -~~~ the . C1 t7 Tz'teaa""r ·... '11tt:.'Cl,tJJ Ceatroller •"
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i 4. That the list of unpaid aa1e1111ments attached aa EXhib
~ nA n to eaid .Resolution be amended aa tollowa s
Aaaesement No. 61 shall be reduced troa $5,507.17 to
$4,521.06; Aasesement Ro. 542 shall be reduced from $986.58 to
~ $954.21; .And Asaeasment No. 627 eh.all be reduced trom $1,950.85 to
$1,384.99.
~
Aa1e11ment No. 760 1hall be 1noreaaed f'rom $17.00 to
$17.10.
Aaaesamenta Noe. 62, 63, 64, 84, 304-B, 389, 583, 725,
771, 818 and 829 nhall be deleted from the unpaid list.
Assessment No. 304 in the amount or $3,301.42 shall be
split into Assessment 304-A 1n the amount of $2,301~42 and Aaaeaa-i
ment No. 3o4-B 1n the amount ot $1,0oo.oc.
5. That EXh1b1t "Bn attaohed to said Resolution be
ame~ed as f.ollowm:
(a) The first paragraph in aa1d Exhibit "B• sh.all read:
"Assessments 1n the amount ot $1,397~10 that are eao
under.$25 are to mature and be represented by the t1rst
series of bonds. All ether aeseaamentm are payable and
reprea"nted by ten aeparate equal aeries or bonda.11
(b) That the denomination of the following bonds be
changed as hereinaf.ter set forth:
:eond No. 45 shall be in the denom..tnat1on or $397.10.
Bonds Nos. 46, 90, 134, 178, 222, 266, 310, 3;4, 398
and 422 shall each be in the denomination of $222.20.
* * * * • • * * *
I hereby certify the foregoing to be a true copy of Reso-
lution adopted by the Council of the City ot Palo Alto, cal1torn1a,
at a reg~lar meeting thereof held on the 24th day of June, 1957,
11 by the toll0111ing vote of the members thereof:
AYES, and 1n favor thereof, Councilmen: .
Bpbee, Corcoran, Cr•aap,, 0Ulam1np, Dav11, Dr'J•dale., G1tt1n 1
Manball, Jl1tohell, lla"t'ia, ROdlera, Ruppeutbal, S111P••·
ROD, C:otimcillllens I•• •
.IBSD'J.', COU!ieilaen: B1ahop./~·~r.,.,
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