HomeMy WebLinkAboutCC Res 144 1926-05-26
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RESOLUTION NO.
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A Resolution determining the unpaid assessments
for the work done and improvement made on and
along Main Street from Ooean Avenue to the
Coast Boulevard, and the aggregate amount
thereof; that bonds be issued upon the security
thereof; prescribing the denomination of said
bonds and providing for the issuanoe of the
same in annual series.
WHEREAS.' a warrant and assessment dated the
18th day of February. 1926 was issued for the work done and
improvement made on and along Main Street from Ocean Avenue to
the Coast Boulevard. an open public street in the Oity of Seal
Beaoh, California, which 'llOrk and improvement is briefly des-
cribed in Resolution of Intention No. 134 passed on the 4th day of
June. 1925, and ordered done and made by Resolution No. 135.
passed on the 2nd day of July. 1925. and was done and made by
A. E. PRINK, under contract awarded to him on the 20th day of
August, 1925; and,
WHEREAS. on the 7th day of April. 1926. being
after the full expiration of thirty (30) days from the date of
the warrant. and no appeal having been taken as provided by the
Improvement Aot of 1911. and said warrant and assessment being
returned and recorded by the street Superintendent of the City
of Seal Beach and after said return was reoorded the Street
Superintendent made up and filed wit~'the Clerk of the City of
Seal Beaoh, as the C+erk of the Board of Trustees thereof, a
complete list of all unpaid assessments, and said Clerk thereupon
gave notice of the filing of said list, and that eight o'clock
P. M. of ThurSday, the 6th day of May, 1926 at the Council
Chamber of the Board of Trustees of the City of Seal Beach was
the time therein fixed by her when interested persons might appear
before the City Counoil and show oause why bonds shall not be
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Resolution Number
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issued upon the security of the unpaid assessments shown on said
list, by posting said notioe conspiouously near the Council
Chamber door of the City of 8eal Beaoh, on the 7th day of
April, 1926, and said notice remained there posted until the 6th
day of May. 1926, and by pubihishing said notioe twice in the
Seal Beach Post & Wave, a weekly newspaper published in the City
of Seal Beach. to-wit. on the 8th day of April, 1926 and the 15th
day of April. 1926, the first publioation of which was more than
five full days before the time therein fixed for suoh hearing; and
WHEREAS. the Board of Trustees of the City of
Seal Beaoh was in session and duly convened at the time and place
in the said notice specified and provided for hearing the objec-
tions presented, and no interested or other person appearing to
show cause or did show oause why bonds should not be issued upon
the security of the unpaid assessments or objected thereto;
IT IS, THEREFORE, NOW, BY THE BOARD OF TRUSTEES
OF THE OITY OF SEAL BEACH DETERMINED. RESOLVED AND ORDERED AS
FOLLOWS:
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First: The assessments which are unpaid for the
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work done and improvement made on and along Main Street from
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Ocean Avenue to the Coast Boulevard. whioh work and improvement
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is briefly desoribed in Resolution of Intention No. 134, passed
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on the 4th day of June, 1925, and ordered done and made by
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resolution No. 135. passed on the 2nd_day of July. 1925, are as
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follows:
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The aggregate amount of the unpaid assessments for
thellOrk done and improvement made upon and alo~g Main street from
Ocean Avenue to the Coast Boulevard is $8447.46, and this amount
is the aggregate of the ~ollowing unpaid assessments numbers
sho\VIl in red upon the warrant diagram and assessment. to-wit:
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Resolution Number ,. .-.
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1 DESCRIPTION O~. . . , . .'._. ASSESSMENTS ~m;
2 AssEsSMENT !iQ. ' - . PROPERTY . . AND UNPAID
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8 All t t portion of Bay Ci y as per
4, Lot 10,Blook 8,1ying map reoorded in
Southerly of the Book 3,page 19
5 Southerly line of the of Misoel1aneous
P.E.Railroad Co. rightMaps
6 of-way 46.05
7 10 All that portion of
Lot 10,Blk.8, lying
8 Northerly of the
Northerly line of the
Il P.E.Railroad Co. right 60.63
of-way 0
10 11 11 8 II 128.30
12 13 8 II 121.73
11 13 15 8 " 135.98
15 ,119 8 II 116.71
12 16 21 8 II 115.58
21 31 8 II 123.43
13 22 33 8 II 116.46
23 35 8 II 94. 34
14 28 45 8 II 123.42
29 47 8 II 135.63
I 15 33 7 108 II 114.03
34 9 108 II 137.04
16 38 17 108 u 110.03
40 21 108 u 115.56
17 41 23 lOB II 110.76
42 25 108 II 121.30
18 43 27 108 II 106.83
49 1 208 Stant~n & Lothianls 147.51
19 1st Add. to Bay City
as per map recorded
20 in Book 3,page 29 of
50 3 208 Misoellaneous Maps
21 II 87.80
54 11 208 II 87.80
22 56 15 208 II 87.80
57 17 208 II 87.80
23 58 19 208 II B7.80
60 23 208 II 87.80
24 61 25 208 II 87.80
62 27 208 n 87.80
25 63 29 208 " 87.80
64 31 208 II 87.80
26 65 33 208 \I 87.81
66 35 208 II 87.81
27 67 37 208 II 95.78
I 68 39 20B II 87.81
28 69 41 20B II 87. Bl
70 43 208 II B7.81
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Resolution Number t -.
1 DESCRIPTION OF
PROPERTY ASSESSMENTS DUE
2 ASSESSMENT l!Q. AND UDAID
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3 ~ B1O~k Tract
71 20 Bay View Tract as B7.Bl
4. per map recorded
in Book 8,page 91
5 Misoellaneous Maps
72 50 ,209 n 87.81
G 73 48 209 II 87.81
74 46 209 II 87.Bl
'I 75 44 209 u B7.81
76 42 209 II 87.81
8 77 40 209 II 87.81
78 38 209 II 89.22
II 79 36 209 u 98.04
80 34 209 II 88.15
10 81 32 209 II 88.29
82 30 209 1\ B8.29
11 83 28 209 n 88.29
84 26 209 0 88.29
12 85 24 209 II 88.29
86 22 209 n 88.29
13 88 18 209 1\ 148.80
89 1 209 n 425.10
14. 90 2 209 II .32
91 :5 209 n .32
I 15 98 All that portion of Lot Bay Oity as per 32.68
30,Blk.109,lying Souther-map recorded in
10 ly of southerly line P.E.Book 3, Page 19
Railroad Right-of-way of !Uscellaneous
17 Maps
102 All that portion of Lot II 56.81
18 28,Blk.109,lying Souther-
ly of Southerly line P.E.
19 Railroad Right-of-way
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20 103 All that portion of Lot n 75.01
26,Blk.109,lying Souther-
21 ly of Southerly line P.E.
Railroad Right-of-way
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106 All that portion of Lot II 89.25
23 24,Blk.109,lying Souther-
ly of Southerly line of
24 P,E.Railroad Right-of-way
1081 20 109 1\ 99.33
25 110 16 109 II 109.39
111 14 109 " 94.37
20 112 12 109 II 107.06
113 10 109 n 97.34
27 121 42 9 " 121.27
I 122 40 9 1\ 120.02
28 124 36 9 1\ 96.70
125 34 9 II 97.84
29 126 32 9 " 90.10
127 30 9 1\ B9.14
30 128 28 9 u 113.02
129 26 9 " 120.80
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Resolution Number
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DESORIPTION OF
"" 'PROPERTY
ASem:SSMENTS DUB:
AND "UNPAID
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ASSESSMENT !Q.
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130
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135
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137
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B10~k . Tract
Bay Ci ty as per
Map recorded in
Book 3, Page 19
of Misoellaneous
Maps
100.62
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108.90
104.97
112.45
128.80
128.10
". . "464.98 ."
18447.46
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Total
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11 And this Board having heretofore ordered that the
~ last installment of said bonds Shall mature fourteen years from
13 the 2nd day of July, next succeeding ten months from their date.
14. Second: Bonds shall be issued upon the security
1li of the unpaid assessments Shown on the list thereof, as herein
16 above determined, for the aggregate principal of the sum of un-
17 paid assessments, to-wit: $8447.46; payable to A: E. PRINK or
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~ bearer. and shall be payable in fifteen annual series on the 2nd
111 day of July of each year next suooeeding ten months after their
20 date, until the whole sum of the aggregate prinoipal thereof is
21 paid. Said bonds and eaoh of them shall bear interest at the rate
22 of 7% per annum from the 7th day of April, 1926, the date of the
~ filing with the Clerk of the Oity of Seal Beach of the Street
24. Superintendent's list of unpaid assessments, until the whole sum
25 of principal and interest is paid, the interest shall be paid
26 semi-annually by coupons on the 2nd day of January and July
27 respectively of each year after the date of the bonds; provided.
II 28 that the first payment of interest shall not beoome due until the
211 2nd day of January. 1927. being six months before the maturity
30 of the first annual series of the bonds.
81 The bonds and interest shall be paid at the offioe
82 of the Treasurer of the City of Seal Beaoh in said Oi ty, County of
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Resolution Number
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Orange, State of California, on the presentation of the proper
ooupons and bonds out of the redemption fund, -and under no
oiroumstances shall said bonds or interest thereon be paid out
of any other fund.
A redemption fund shaJ.l be kept by the Treasurer
of the City of Seal Beaoh designated "Main 8treet Improvement
from Ooean Avenue to th!3 Coast Boulevard Redemp~ion Fund", in
whioh the Treasurer shall plaoe all sums reoeived~~om the
oo11eotion of assessments made for the payment of the oost of
the work and improvement upon whioh the bonds are issued, and the
interest and penaities thereon. All of said bonds shall be dated
the 6th day of May, 1926, and shall be numbered consec~tively
from 1 to 30 inclusive.
All odd numbered bonds shall be in the denomination
of $400.00 eaoh, and all even numbered bonds shall be in the
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denomination of #163.16 each, exoept bond numbered 30, which shall
be in the denomination of $163.22.
The form of the botli shall be substantially as
provided by Seotion 6 of the "Improvement BODd,Aot of 1915",
provided that the same shall contain the appropriate words and
figures to make said bonds and the form thereof applioable to the
denomination, annual series and purposes for which the bonds are
to be issued as herein set forth. The bonds shall be signed by
the Treasurer and Clerk of the City of Seal Beaoh.
There shall be attached to each bond interest
coupons representing the payments of semi-annual interest and
made payable upon the prinoipal of the bonds to which they are
attached; all of said bonds shall be signed by the Treasurer of
the City of Seal Beach, but the Treasurer's signature may be
engraved, printed or lithographed on the interest ooupons in place
of the Treasurer's signature by hand.
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The interest ooupons shall be oonseoutively
numbered from 1 upward on eaoh bond; and the interest thereby
represented shall be paid on the 2nd day of January and July
suoceeding the 7th day of April, 1926; provided that the coupons
representing the firs~ payment of interest shall become due the
2nd day of January, 1927, being six months before the maturity
of the, first annual series of the bonds, and shall be for interest
aooruing thereon from the 7th day of April, 1926 to said date.
. Bonds numbered 1 and 2 shall constitute annual
series NO.1, and shall fall due and be payable on the 2nd day of
July, 1927, being the 2nd day of July next succeeding ten months
from the 6th day of },(ay, 1926, the date of said bonds.
Bonds numbered 3 and 4 shall constitute annual
series No. 2 and shall fall due and be payable on the 2nd day of
July, 1928.
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Resolution Number ~ ~ oJ
Bonds numbered 5 and 6 shall oonstitute annual
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series No. 3 and shall fall due and be payable on the 2nd "day of
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July, 1929.
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Bonds numbered 7 and 8 shall constitute annual
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s~ries No. 4 and shall fall due and be payable on the 2nd day of
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July, 1930.
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Bonds numbered 9 and 10 shall constitute annual
series No. 5 and shall fall due and. be payable on the 2nd day of
July, 1931.
Bonds numbered 11 and 12 shall 00 nsti tute annual
series No.6 and shall fall due and be payable on the 2nd day of
July, 1932.
Bonds numbered 13 and 14 shall constitute annual
series No. 7 and shall fall due and be pa.yable on the 2nd day
of July, 1933.
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Bonds numbered 17 and 18 shall oonsti tute annual
2 series No. 9 and shall fall due and be payable on the 2nd day of
8 July, 1935.
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Bonds numbered 19 and 20 shall constitute annual
series No. 10 and shall fell due and be payable on the 2nd day
of July, 1936.
Bonds numbered 21 and 22 shall constitute annual
series No. 11 and shall fall due and be payable on the 2nd day
of July, 1937.
Bonds numbered 23 and 24 shall constitute annual
series No. 12 and shall fall due and be payable on the 2nd day
of July, 193B.
Bonds numbered 25 and 26 shall constitute annual
series No. 13 and shall fall due and be pa.yab1e on the 2nd day
of July, 1939.
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Bonds numbered 27 and 28 shall constitute annual
series No. 14 and shall fall due and be payable on the 2nd day of
July, 1940.
Bonds numbered 29 and 30 shall constitute annual
series No. 15 and shall fall due and be payable on the 2nd day of
July, 1941.
third: All of said bonds shall be forthwith
delivered to A. E. PRINK, the said contractor, in satisfaction
of the balanoe due him upon his assessment and warrant.
Fourtb: The ass~ssment levy and collection of
taxes in and for the City ?f Seal Beach being made through and
by the County of Orange and the officers thereof:
IT IS ORDERED, that a copy hereof be filed in the
office of the Auditor of the County of Orange, State of Califorbia.
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Resolution Number
I hereby certify that the foregoing resolution
and order wa.e regularly introduced andpassed by the Board of
Trustees of the City of Seal Beach ~t a regular meeting thereof
held on the 6th day of Uay, 1926 by the Board of the following
named members thereof, to-wit:
Ayes, Trustees,
,;;:
Noes, Trustees,
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Ci ty'~C];1:lr-k:'-of the City of Seal
Beaoh, California.
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