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HomeMy WebLinkAboutCC Res 86 1922-08-17 I I' I , 9 10 11 . t,~. ,..rf",. 1 2 3 4 5 6 7 RESOLU'nON :NO. g'fp A RESOLUTION DETER~IN1NG UNPAID ASSES8~ENTS FOR THE WORK DONE AND UlPROVEMENT JAADE UPON OENTRAIi AVENUE. AND THE AG!JREGATE AlAOtlN'T THEREOF; tHAT BONDS BE ISSUED UPON THE SECURITY THEREOF. PRE- SORIBIN!! THE DENOJAINA'UON OF SAlD BONDS AND PROVIDING FOR THE ISSUANCE OF tHE SAJAE IN ANNUAL SERlES. c!. WHEREAS. a warrant and re-a88essment dated the J"5 ::: 8 day 0 f JUae. 1922. was i8Bl1ed for the work done and improvement made upon Oentral Avenue. an open public street in the Oi ty of Seal Beach. which work and improvement i8 briefly described in Resolution of Intention No. 57 of said 01 ty. passed on the 15th 12 day of December. 1921. and ordered done and mEllie by Resolution ~ 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 No. 67 passed on the 19th day of January. 1922. and was done . and made by H. E. Oox under a contract awarded to him on the 14th day of ~arch. 1922. and Whereas. on the 20th day of July. 1922. bein~ after the full expiration of thirty (30) days from the date of the warrant and no appeal having been take n as provided by the Improvement Act of 1911. and the said warrant and re-asS8SSlll8nt being returned and recorded by the Street Superintendent of the 01 ty of Seal Beach and after sa:1d return was recorded. the . Street Superintendent made up and filed with the Olerk of the Gny of Seal Beach as the Olerk of the Board of Trustees there- of. a complete list of all unpaid assessments upon the re-asses. ment. and said Olerk thereupon gave notice of the f11inp; of said list and that 8 0' clock of" Thursday. the 17th day of Aup;u.st. 1922. at the Ocuncil Ohamber of the Board of Trustees ,p~ .. of the Oity of Seal Beach was the time therein fhed"'by him when interested persons might appear before the Oity Oouncil and show oause why bonds shall not be issued upon the security of the unpaid assesements shown on said list. by postinp: a 32 --; " -1- I I I :\. 1 2 3 4. 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 fr. \ ' Resolution Number ~ {. - 1 .-- notioe conspiouous1y near the Counoil Chamber door of the Oity of Seal Beaoh on the t.~ay of July, 1922, and said - .t;;f.. notice remained there posted until the .l..!-day of August, 1922, and by pu.blishing the nottice twice in the Seal Beach Post and Wave, a newspaper published in the City of Seal Beach, to-wit: On the 27th day of July, 1922, and the 3rd day of AugIlst, 1922, the first publication of which was more than five (5) full days before the time therein fixed for such heart~J and further, by mailinp; said notice, pOstap;e prepaid, to the owner of each lot listed accordinp; to the name and address appearinp; on the last equalised assessment roll for city taxes of the Oity of Seal Beach, prior thereto) and Whereas, the Board of Trustees of the City of Seal Beach was in session and duly convened at the time Ir1d place in the said notice specified and provided to hear any objectio%l8 presented, and no interested or other person appearinp; to show cause or did show cause why bonds 8hall not be i8sued ~on the security of the unpaid assessment8 or objected thereta IT IS mEREFORE, NOW, BY THE BOARD OF TRUSTEES OF -... THE oUY OF SEAL BEACH, DETERMINED, RESOLVED AND ORDERED \ as follOlV8': First.The assessments whioh are unpaid for the work done and improvement made ~pon Oentral AVe%IUe Which work 1U1d improvement is briefly described in Resol Ttion of Intention No. 60 passed on the 15th day O'f December, 1921, and ordered done and made by Resol ution No. 67 passed on the 19th day of January 1922, are as follows: Second. The &g#egate amount of the ""Paid assessment. for the work done and improvement mal e upon C~&l Avenue is t 8200.98 , and1bis amount is the ap;grep,O.te of the fOllo inp; ~id assessment numbers shown in red upon the warrant dia- gram and r e-assessment, t o-Wi t : ~ Resolution Number "t. ,{oJ l I 1 AS8ESSlAENT NO. 2 ~ BLOCK 'l'rac t 3 5 40 8 BAY 01 'rY, $47.06 14isc.)laps 47.06 4 6 42 8 Book 3, Pg 7 44 8 19 47.06 5 8 46 8 47.06 9 48 8 411.81 6 10 2 1018 411.81 .LJ. 4 J.08 47.06- 7 14 8 108 N'tEly 12.50lar 23.515 15 10 108 47.06 8 16 12 .L08 47.06 17 14 J.08 47.06 9 18 16 108 47.06 21 31 8 47.06 10 22 33 8 47.06 28 45 8 47.06 11 29 47 8 411.81 30 ,1 108 411.81 12 3.L 3 J.08 47.06 sa 5 108 47.06 13 34 9 108 47.06 I 35 l.L 108 47.06 14 36 13 108 47.06 3"1 15 .L08 4"1.06 15 38 1"1 .L08 47.06 39 l5B 9 47.06 16 40 34 9 47.06 42 38 9 47.06 17 44 42 9 47.06 46 46 9 47.06 18 47 48 9 411.81 48 2 109 411.81 19 49 4 109 47.06 60 6 109 47.06 20 51 8 109 47.06 52 10 .L09 47.06 21 53 12 109 47.06 55 16 109 47.06 22 56 31 9 47.06 57 33 9 47.06 23 58 35 9 47.06 59 157 9 47.06 24 60 39 9 ~.06 61 41 9 47.06 25 62 43 9 47.06 63 45 9 47.06 I 26 64 47 9 411.82 72 3a 10 47.07 27 ;1 54 10 47.07 36 10 47.07 28 77 42 10 47.07 78 44 10 47.07 29 79 46 10 47.07 80 48 10 411.82 30 87 31 10 SIWly 12.50'of 23.53 88 31 10 NIEly 12.5o'of 23.58 31 89 33 10 47.07 32 -3- ~ Resolution~, Number ~. ... Property Desoription AJlOtm'l! 1 ASSESSl4 EN! NO. I LOT BLOCK 2 10 $47.07 90 35 3 9.1 'l/I 10 47.07 92 39 10 47.07 4 94 43 10 47.07 95 45 10 47.07 5 96 47 .10 411.82 97 1 110 411.83 6 98 3 110 47.07 .10J. 9 110 47.07 7 109 46 11 47.07 110 48 11 411.83 8 111 2 111 411.83 112 4 111 47.07 9 113 6 111 47.07 119 39 111 47.07 10 120 4J. 111 47.07 124 1 lJ.J. 411.83 11 125 3 111 47.07 126 5 111 47.07 12 13 I 14 15 This Board having heretofore ordered that the last 16 installment of said bonds shall mature fourteen )14) years from 17 the 2nd day of July next sucoeeding nine (9) montlts from their 18 date. 19 Th:l.rd. Bonds shall be issued upon the seomi ty of 20 the unpaid assessments shown on the list thereof as hereinabove 21 determined for the aggr.,gate prinoipal of the sum of unpaid 22 asssssments, to-wit: 18200.98, and shall be payable in fifteen 23 (15) annual seri es on the 2nd day of July of eS' h year ned 24 sucoeed:Lng Jline ,months at ter their date until the whole sum 25 of the aggregate prinoipal thereof is paid. 881 d bonds and ,I 26 eaoh of them shall bear interest at the rate of 7 per oent 27 per annum from the 20th day of July, 1922, the date of the I - 28 filing With the Olerk of the Oity of 8eal Beaoh of the Street 29 Superintendent's list of unpaid aseeesmente, until the Whole 30 88111 of the prinll:1pal and interest is paid. The interest shall 31 be paid eemi-annually by ooupons 0 n the 2nd day of January and 32 JUly respeotively of eaoh year after the date of the bonde, -4- I I I 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 1i. , ' Resolution Number ~- i /- !he bonds and interest shall be paid at the office of the Treasurer 0 f the City of teal :Beach in said GII:I. 'ty, County of Orange, California, upon the presentation of the propBr bonds and coupons out of the redemption fund and under no circumstances shalJ. said bonds or interest thereon, be paid out of any other fund. A Redemption Fund shall be kept by the Treasurer of the City of Seal Beach designated Central Avenue Improvement Bond Bedemption Fund in which the Treasurer shall placeall 1111III8 recd ved from the col1eetions of assessments mdlil for the payment of the cost of the ",ork and improvement upon ;hich the bonds are issued and the intereSt and penalties thereon. All of the bonds shall be dated the r7th day of AUgIlst, 1922 and shall be numbered consecutively from dn~ (1) to Fifteen (15) both inclusive. Bonds numbered 1 to ,14 inclusive, r;slrall . be in the d~anination of e546.73 aD.d bond numbered 15 shall be in the denomination of'1546.176. '!'he .form of the bond shall be substantially as pro:- vid8d by 'eotion 6 of the Improvement Bond Act of 1915 provided that the same shall contain the/appropriate words and figures to make said bonds and the form thereof appJ.icable to the denom- ination, 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 Oity of &eal :Beach. There shall be attaohed to each bond. interest coupons representing the payments of semi-annual interest and made paY'- able upon the principal of the bonds to which they a19 attached. All of lBI.d coupons shall be signed by the Treasurer of the City of Sea! Beach but the Treasurer's signature may be engraved. printed or lithographed on the interest coupons in place of the Treasurer's sigIlature by hand. JiJ- , I 1 2 3 4 5 6 , 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 I I 1'1 ."" Resolution Number ~' . The interest coupons shall be conseoutively numbered from 1 upward on each bond and the interest thereby represented shal.!. be paid on the 2nd day of January and July I!Ucceed1ng the 20th day of July, 1822. Bond numbered 1 shal.!. constitute annual se~1es No.1 and shall fall due and be payable on the2'1d day of July, 1923, being the 2nd day of July next sucoeeding 9 months after the 17th day of A~sf, 1922, the date of said bonds. Bond numbered 2 shall oonsti tute annual se :Jies No. 2 and shall fall due and be plI/F.a'ltiLe on the 2nd day of July, 1924 Bond numbered 3 shall oonstitute annual series No.3 am shall faU. due and be payable on the 2nd day of July, 1925. Bond numbered 4 shall oonst1 tute annual se:d. es No. 4. am shall fa1-l due and be payable on the 2nd day of July, 192~~ Bond numbered 5 shaU. constitute annual series No. 5 and shall fall due and be payable on the 2nd day of July, 1927. Bond numbered 6 shall oonsti tu te annuaJ. series no. 6 and shall falJ. due and be payable on the aui day of July, 1928. Bond ZU2II1bered 7 shall constitute annual seri",s No.7 and shall fall due and be payable on the <nd day of July, 19m1/ lIond numl:ared 8 shaH constitute annual seri_ No.8 and shall fall dueand be payable on the 41d day of July, 1930. Bond numbered 9 shall constitute annual s~ies No.9 ~ shall falJ. due md be payable on the 2nd day of Jul y, 1931. 110m numbered 10 shall constitute annual series No. ro aDd shall fall due and be payable on the 2nd day of July, 1932. BoDd numbered 11 shallconstitute annual series No. 11. and ehal.!. fall due and be payable on the <nd day of July, J9 33. Bond numbered 12 shall constitute annual -ser!ee No. 12 32 and shall fall dueand be payable on the 2nd day of July, J9 34. Bond numbered 13 shall conetl.tute annuaJ. sel'ies' No. 13 fall due and be payable on the 2nd day of July, 1935. I and shall I -6- ". - I I I 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 , ' ,~ Resolution Number ~ 'f Bond numbered 14 shall consti tute annual series No. 14 and shall fall due and be payable on the 2nd day of July, 1936. Bond numbered 15 shall constitute annual series No. 15 and shall :lnl due and be payable on the 2nd day of July. 1937. Fourth. All of the bonds shall be sold to the highest bidder therefor. but for not less than their par value and accrued interest at the date of their delivery. and the proceeds of the sale thereof shall be deposi ted in the Treasury of the City of Seal Beach to the credit of Central Avenue Improvement Bond Redemption Fund. and from wbich there shall be paid to Elliott & Horne Oompany. the assignees of H. E. Oox. contractor. the balance due him upon the re-assessment and wll1'rant for the work done and improvement made upon Central Avenue. including interest upon the principal amount at the rate of 7 per cent per ann\llll from the 20th day of July, 1922. and the surplus of such proceeds. if any. shall bs credited to said Red8J:lption J\1nd for t he payment of such bonds. If no satisfactory bids are received or the Board of Trustees determine that the bids received are not satisfactory , as to price or responsibility of thebldder. the Board of Trus- tees reserves the right to reject all bide received, if any, and re-advertiee the bonds for sale or dsliver said bonds to the assignees of the contractor aforesaid. in satisf.,g tion of the S\llll due him upon the re-aseessment and warrant. Fifth. The assessment levy and colleotion of taxes in and:lbr the Oity of Seal Beach being malie through and by the County of Orange and the officers thereof. 1T 18 ORDERED that a oopy hereof be filed in the office of the Auditor of the Oounty of Orange. OaJ.1 fornia. 1 hereby oertify that the foregoing Resolution and Order was regularly introduoed and passed by the Board of Trus- -7- I I I. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 .... Resolution Number '- ~ . ;t:'t: s. .. .. \ " " \' ~ . .. . \ ~ ~ '~I -. . ~~ \. ( \'1 tees of the City of seal Beach, at a regular meeting ther ePf '" \ ' , held on in e 17th day 0 f Aug_, 1922, by the vote of the f ol1owtB, - . ,\, named members, ~ Nee" Trustees Absent, 'l'rusteee -- ATTEST: ~.~~ STATE OF CALIFORNIA? ~ ss. County of Orange. I, B. B. ~BROlm, the duly elected, qualified and acti1'lg Olerk of the City of Seal Beach, do hereby certify the foregoing to be a fUll, true and correot copy of Resolution No. ~ of the City of Seal Beach. 1 have carefully compared the same with the original which is and remains on file in.v office. Witness my hand and official seal this ~day of 192.8. _' / August, p-~~ thB City of Seal Beach.