HomeMy WebLinkAboutRESO 4065WJML:KIJ:mf 1/17/68 5OC
ORIGINAL
RESOLUTION NO. 4065
A RESOLUTION DETERMINING UNPAID ASSESSMENTS
AND PROVIDING FOR ISSUANCE OF BONDS
UNIVERSITY AVENUE DISTRICT
CIVIC CENTER OFF-STREET PARKING PROJECT NO. 66-8
RESOLVED, by the Council of the City of Palo Alto, California,
that
WHEREAS, said Council did on June 13, 1966 pass and adopt its
Resolution of Intention No. 3896 relating to the acquisition and con-
struction of public improvements in said City under and pursuant to
the provisions of Chapter 13.12, Palo Alto Municipal Code, and did
therein provide that serial bonds would be issued thereunder pur-
suant to the provisions of Bond Plan B, Section 13.16.110 of
Chapter 13.16 of Title 13 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,
reference is hereby made to the assessment and to the diagram
recorded in the office of the Superintendent of Streets of said City
after confirmation 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 $384,212.67 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
intention and the proceedings thereunder duly had and taken; that
said bonds shall be three hundred eighty-five (385) in number, shall
be dated March 2, 1968, and bear interest from their date at the
rate of not to exceed six percent (6%) per annum, and the denomina-
tion of said bonds with their respective numbers and dates of
maturity are as shown on Exhibit "B" hereto attached and made a part
hereof by reference.
4. Said bonds shall be issued in series, and the unpaid assess-
ments as shown on said list filed with the City Treasurer of said
City and determined by said Council, together with the interest
thereon, shall remain and constitute a trust fund for the redemp-
tion 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 proportion 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 pro-
portionate penalties for delinquency.
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5. Said bonds shall be signed by the Clerk and Treasurer of
the City. The Clerk's signature may be engraved, printed or litho-
graphed, and the official seal of said City shall be affixed thereto
by printed, lithographed or other reproduction thereof. The interest
coupons affixed thereto shall be signed by said Treasurer or bear his
engraved, printed or lithographed signature; and 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
execution of each and every one of said bonds and all of the coupons
thereof 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
bearer hereof at the Bank of America
N. T. & S. A., Main Office, San
Francisco, Calif., paying agent of
the City, or at the designated corres-
pondent banks of said paying agent in
New York, N.Y. and Chicago, Ill., the
sum shown hereon, being interest then due on
Improvement Bond University Avenue District,
Civic Center Off -Street Parking
Project No. 66-8
Series ZZZ
Treasurer of the City of Palo Alto
On the 2nd day of
19
Coupon No.
Bond No.
7. That the City Clerk shall forward to the City Treasurer
and City Auditor a certified copy of this resolution.
* * * * * * * * * * * * *
3
1.0
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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 thereof held on
the 22 day of January , 1968 , by the following vote of the
members thereof:
AYES, and in favor thereof, Councilmen:
Arnold, Clark, Comstock, Cooley, Dias, Gallagher, Pearson, Spaeth, Wheatley
NOES, Councilmen: none
ABSENT, Councilmen: Beahrs, Berwald
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EXHIBIT "A"
LIST OF UNPAID ASSESSMENTS
CITY OF PALO ALTO
UNIVERSITY AVENUE DISTRICT
CIVIC CENTER OFF-STREET PARKING PROJECT NO. 66-8
Asst Assessor's Amount of Ass'd Val'n
No. Parcel No. Assessment Land -mat
1 2-28-07 $2,600.00 $18,690 $20,270
2 2-28-08 897.66 7,520 2,250
3 2-28-57 448.83 3,760 1,520
4 2-28-56 1,148.88 9,620 31,640
5 2-28-37 834.24 5,940 4,600
8 2-28-27 1,295.82 9,230 12,670
l0 2-28-29 1,165.73 8,300 1,980
11 2-28-35 743.65 8,860 5,840
12 2-28-34 5,388.22 40,500 34,780
13 2-28-33 1,346.90 10,120 5,000
14 2-28-32 2,694.41 20,250 10,120
15 2-28-31 1,346.90 10,120 7,830
16 2-28-30 1,346.90 10,120 5,410
17 2-21-64 2,560.69 19,620
17-A 2-21-65 557.23 3,630 750
17-B 2-21-48 541.88 3,380 720
17-D 2-21-50 1,910.94
17-E 2-21-63 971.67 6,920 930
18 2-21-61 1,295.82 9,230 26,190
19 2-21-60 1,165.73 8,300 9,220
20 2-21-59 130.50 1,000 1,970
21 2-21-58 1,919.00 13,750 9,090
25 2-21-54 3,166.37 22,680 7,600
26 2-21-53 1,165.68 7,590 2,560
31 2-21-44 1,260.70 7,870 1,820
34 2-21-67 1,888.80 14,710 7,020
35 2-21-66 944.40 7,350 6,060
36 2-21-40 4,911.61 41,420 16,250
38 2-21-38 1,536.26 10,940
40 2-21-68 2,570.26 18,310 19,310
41 2-11-78 24,980.38 207,800 1,759,530
42 2-11-42 1,326.65 9,900 2,730
43 2-11-41 663 33 4,950 740
44 2-11-40 774.19 5,780 570
45 2-11-39 1,243.51 9,280 250
47 2-11-36 599.12 4,130 1,360
48 2-11-35 1,197. 63 8,250 3,040
49 2-11-34 1,197.63 8,250
50 2.12-12 4,955.84 43,1 0 38,97o
51 2-12-13 1,568.47 13, 0 28,910
52 2-12-14 1,519.95 13,500 13,760
53 2-12-15 1,367.96
12,150 7,960
54 2-12-16 1,367.96 12,150 11,140
55 2-12-17 1,519.95 13,500 2,710
56 2-12-18 3,039.91 27,000 34,360
60 2-12-04 1,350.27 65530 1,210
64 2-12-08 1,824.31 1,930 1,770
65 2-12-09 1,160.98 , 1,410
66 2-12-10 2,271.82 17,340 1,25C
68 2-22-68 2,370.35 17,670 49,350
69 2-22-07 1,184.86 8,830 25,810
70 2-22-69 i,i84.86 8,830 66,900
• •
Ass't Assessor's Amount of Ass'd Val'n
No. Parcel No. Assessment Land Impvt
71 2-22-04 $1,361.52 $8,330 $13,270
72 2-22-01 5,324.88 36,650 14,710
73 2-22-23 3,761.60 29,210 81,340
75 2-22-21 4,531.07 35,760 25,660
77 2-22-19 2,454.93 19,060 31,540
82 2-22-12 2,459.25 18,330 28,700
83 2-22-11 7,03 .43 52,440 39,250
84 2-22-67 1,184.86 8,830 11,390
85 2-29-04 1,794.34 12,300 10,050
86 2-29-03 1,794.34 12,300 13,100
87 2-29-02 1,794.34 12,300 10,350
88 2-29-01 1,431.77 9,840 2,840
90 2-29-21 947.75 7,720 6,370
92 2-29-19 1,137.42 9,260 5,100
93 2-29-17 4,828.37 44,930 47,340
97 2-29-25 1,133.74 71910 84o
98 2-29-26 1,133.74 7,910 1,330
99 2-29-27 1,133.74 7,910 2,900
100 2-29-28 1,133.74 7,910 3,760
101 2-29-29 424.44 2,120 2,280
102 2-29-30 698.13 3,500 2,080
104 2-48-25 1,347.44 6,750 3,60o
105 2-48-24 1,879.50 13,390
107 2-48-22 1,338.73 8,720 6,490
108 2-48-09 1,338.73 8,720 21,130
109 2-48-08 1,071.28 6,980 1,470
111 2-38-24 2,748.82 18,600
112 2-38-52 7,519.36 68,370 274,500
113 2-38-09 597.95 3,040 3,480
114 2-38-07 2,885.31 21,920 10,810
117 2-28-15 2,297.14 19,250 3,690
118 2-28-54 5,779.05 50,660 33,140
119 2-28-52 1,142.50 8,140 31,750
121 2-28-39 1,300.00 9,84o 1,380
122 2-28-50 647.53 4,610 6,600
123 2-28-55 7,139.57 51,50o 22,090
125 2-28-43 997.57 7,500 6,690
126 2-28-44 997.57 7,500 8,290
127 2-28-45 997.57 7,500 8,250
128 2-28-46 947.75 7,120 6,620
129 2-28-47 1,895.50 14,25o 27,80o
130 2-38-34 2,993.31 22,50o 29,690
131 2-38-35 997.57 7,50o 7,830
132 2-38-36 1,995.75 15,000 12,940
135 2-38-51 2,309.57 16,680 23,680
136 2-38-39 1,102.35 7,88o 8,700
137 2-38-40 730.80 7,700 10,750
138 2-38-41 415.84 4,470 5,990
139 2-38-42 492.61 5,500 61490
140 2-38-45 3,760.59 26,700 36,210
141 2-38-43 1,795J37 13,500 7,980
142 2-38-44 997.57 7,500 4,45o
143 2-38-46 2,993.31 22,500 18,380
144 2-38-47 1,995.75 15,000 14,600
145 2-38-48 1,228.47 8,750 10,220
146 2-38-49 1,166,77 8,310 9,910
147 2-48-37 1,919.00 12,50o 13,020
148 2-48-38 1,919.00 12,500 6,60o
11
Ass't
No.
149
150
151
153
154
155
156
158
159
164
167
68
170
171
172
173
174
176
178
180
181
182
184
185
86
187
191
192
196
197
198
199
2200
201
204
205
206
207
208
210
211
213
214
216
217
218
219
222
223
224
225
227
229
230
231
Assessor's
Parcel No.
2-48-39 $1,919.00
2-48-40 2,878.51
2-48-34 1,381.65
2-48-32 1,996.12
2-48-46 1,320.69
2-48-45 1,056.67
2-48-44 1,919.09
2-48-61 1,243.65
2-48-60 828.74
2-48-47 3,666.65
2-48-51 1,057.17
2-49-18 2,015.05
2-49-61 1,631.35
2-49-27 2,140.96
2-49-21 2,875.85
2-49-24 1,511.90
2-49-23 1,520.22
2-49-22 2,548.76
2-49-08 1,288.21
2-49-07 2,640.99
2-49-06 630.77
2-49,05 730.90
2-49-04 742.85
2-49-59 445.68
2-49-02 742.85
2-49-16 959.50
2-49-15 1,199. 38
2-49-14 1,199.38
2-49-13 4,797.52
2-39-31 1,397.33
2-39-16 875.14
2-39-18 1,341.87
2-39-2o 3,656.61
2-39-21 3,070.60
2-39-22 1,535.30
2-39-05 3,377.57
2-39-06 1,458.56
2-39-07 1,458.56
2-39-12 997.57
2-39-13 997.57
2-39-14 1,995.75
2-39-15 2,3 .90
2-39-01 1,405.14
2-39-03 1,545.48
2-39-04 3,511.95
2-29-14 3,193.20
2-29-15 3,193.20
2-29-08 3,205.85
2-29-11 2,303.25
2-29-10 2,303.25
2-29-09 3,021.47
2-29-38 2,245.74
2-29-39 3,887.45
2-29-4o 1,295.82
2-29-41 1,295.82
2-39-53 1,458.56
2-39-3o 1,259.12
2-39-39 1,259.12
2-39-40 1,259.12
Amount of Ass'd Val'n
Assessment Land 3mpvt
$12,500 $33,150
18,750 112,250
9,840 8,390
14,220 5,970
6410 ,0
, 450 3, 720
11,720 4,140
7,590 42,970
5,060
26,120 25o
6,550 10,450
12,500 5,620
9,370$ 6,720
16,800 14,920
22,550 8,230
11,200 3,870
11,250 5,090
20,000 750
10,000 5,850
17,200 12,280
4,290 5,170
5.290 2,880
5,370 4,320
3,230 5,650
5,370 10,710
7,500 9,610
9,370 20,380
9,370
37,500 38,34o
11,370 7,740
6,00o 8,650
26,810 45,010
8,500 6.860
20,000 20,b80
10,000 6,950
25,000 97,820
10,000 10,880
10,000 22,370
8,120 7,800
8,120 8,250
16,250 23,090
19,500 17,460
11,630 11,080
12,790 9,040
29,060 1,100
24,000 19,410
24,000 15,980
30,000_- 16,420
18,450 4,200
18,450 16,350
24,600 29,370
14,060 45,920
31,650 41,730
10,550 650
10,550 990
12,500 11,380
10,250 31,720
8,970 8,120
8,970 13,640
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Ass't Assessor's Amount of Ass'd Val'n
No. Parcel No. Assessment Land Impvt
232 2-39-41 $1.257.46 $ 8,970 $ 2,840
234 2-39-58 1,200.94 8,770 11,070
235 2-39-44 1,197.63 8,250 8,730
236 2-39-45 1,197.63 8,250 4,040
238 2-39-47 736.31 5,070
239 2-39-48 736.31 5,070 3,590
240 2-39-49 1,227.19 8,450 5,000
241 2-39-50 1,558.08 10,800 7,380
242 2-39-51 2,447.01 23,430 19,320
243 2-49-46 2,218.62 17,000 2,000
244 2-49-31 475.37 6,760 7,070
246 2-49-33 1,060.69 7,610 23,160
248 2-49-35 1,089.79 7,000
249 2-49-37 1,727.38 11,25o 4,150
250 2-49-38 1,180.52 7,690 230
251 2-49-39 1,180.52 7,690 230
252 2-49-40 1,180.52 7,690 5,530
253 2-49-41 589.88 3,840 1,470
254 2-49-42 541.47 3,540 1,340
255 2-49-45 1,110.92 9,000 42,500
259 2-49-58 1,382.10 11,250 6,560
260 2-49-57 2,456.67 20,000
261 2-49-56 3,325.12 28,120 7,610
262 2-49-55 1,995.05 16,870 530
263 2-49-54 2,955.72 25,000 15.870
264 2-49-53 575.79 3,750 3,710
265 2-49-52 288.21 1,88o 1,690
266 2-49-51 1,439.80 9,380 5,050
267 2-49-6o 3,238.55 21,090 25,000
268 2-49-48 1,99443.48 12,660
$/84,212.67
7/4
iv
$2,901,410 $ 4,518,730
EXHIBIT "B"
Series Bond Nos.
ZZZ 1
2-25
26 - 6o
61 - 95
96 - 130
131 - 170
171 210
211 250
251 - 295
296 - 340
341 - 385
Principal Amount
212.67
24,000.00
35,000.00
35, 000.00
35,000.00
40, 000.00
40,000.00
40,000.00
45,000.00
45,000.00
45,000.00
Date of Maturity
July
July
July
July
July
July
July
July
July
July
July
2, 1969
2, 1969
2, 1970
2, 1971
2, 1972
2, 1973
2, 1974
2, 1975
2, 1976
2, 1977
2, 1978