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HomeMy WebLinkAboutCC Res 94 1923-02-01 ~\q I I I " = ..~. il RE80LU1'lON NO. 'cr .'J" f~ , . g 3 A Resolution determining unpaid assessments for the work done and improvement made upon Dolphin Avenue} and the aggregate amount thereof; that bonds De issued upon the seouri ty thereof, pre- , scribing the denominations of said bonds, and providing for the i seuanoe of the Bame in annual serf es . 4. 6 6 7 8 WHEREAS, a warrant and assessment dated the 21st day 9 of November, 1922, was issued for the work done and improvement 10 made upon Dolphin Avenue, an open, pu b1.ic street in the Oi ty of 11 Seal 'Fleach, which work and improvement is briefly desoribed in 12 Resolution of Intention No. 56 of said City, passed on the 18 14 16 16 17 18 10 20 21 22 .28 24 25 26 27 28 29 80 81 82 15th day of Deoember, 1921, and ordered done and made by Resolu- tion No. 66, passed on the 19th day of January, 1922, and was done and made by Fairohild-Gilmore-Wilton Co., ~nder a oontraot , awarded to them on the 9th day of Maroh, 1922; and WHEREAS, on the 22nd day of Deoember, 1922, being after full the/expiration of thirty (30) days from the date of the warrant , and no appeal having been taken, as provided by the Improvement Act of 1911, and said warrant a.nd assessment being returned and reoorded by the Street Superintendent of the Oity of Seal Be&: h, and after said return was reoorded, the Street Superintendent made up and filed \14. th the Olerk of the Oity of Seal Beaoh as the Clerk of the Board of Trustees thereof, a oomplete list of all unpaid assessments and said Clerk thereupon gave notioe of the filing of said list, and that eight o'olook of Thursday, the 1st day of February, 1925, at the Counoil Ohamber of the Board of Trustees of the City of 8eal Beaoh was the time therein fixed by him when interested persons might appear before the Ci~ oounoil and show cause why bonds shall not be iSFlued upon the seourity of the unpaid assessments shown ~ said list, by poStill eaid~notioe oonspicuoUSly near the oounoil chamber door of . " '~ . -1- I .1 I 10 11 III 18 14 16 16 17 18 10 20 21 21! 28 24 25 26 27 28 29 80 81 82 . Resolution Numb~ ..:,; - . , 1 ~~ {923, the Oity of Seal Beaoh, on the ~ day o1!.anuary./and said Not- ioe remained there posted until the '1 day of January, 1923, and by publishing said Notioe twioe in the Seal Beaoh Poet and Wave, a newspaper published in the Oity of Seal Beaoh, to-wit: On the 11th and 18th days of January, 1925, the first publioation of whioh was more than five full days. before the time therein fixed for such hearing; and further, by mailing said Notioe, post age prepaid, to the owner of eaoh lot listed, aooording to the name and address appearing on the last equalized assessment roll for Oity taxes of the City of Baal Beaoh, prior thereto; and WHEREAS, the Board of Trustees of the Oity of 8eal Beaoh wae in session and duly oonvened at the time and plaoe in the said Notioe speoified and provided, to hear any objeotions presented, and no interested or other personappelU'ing to shOW ,oause or did show oause why bonds shall not beiseued upon the seourity of the unpaid asaesBments or objeoted thereto: sa 8 4 5 6 7 8 9 1T 18 TH F.R EFOR E. NOW, l'lY THI!: BOAR D 0 F TRUSTEES OF THE OITY, OF SEAL BEACH, DETERUINF.D, REAOLVF.O AND ORDERF.D AS FOLLOWS: First. 'l!he assessments whioh lU'e unpaid for the work done and improvement made upon Dolphin Avenue. whioh work and improvemen~ is briefly desoribed in Resolution of Intention No. 66 passed on the 16th day of Deoember. 1921. and ordered done and made by Resolution No. 66. passed on the 19th day of Januar:w. 1922, are as follows: The aggregate amount of the unpaid assessments for the work done and improvement made upon Dolphin Avenue is $2,806.48, and this amount 18 the aggregate of the following unpaid assessment nUlllbers shown in red upon the warrant dia~ram and assessment. to-w~t: -2- I I I t ~ 8 4- 6 6 1 8 9 10 11 12 18 14 16 16 11 18 10 llll 21 22 28 24 25 26 27 28 29 80 81 all ,I/JI !!sessment No. S Desoript1on of Property. Lot 17 Blook 5 6 'l a 9 10 li1. 15 17 18 19 2Q 21 22 23 S4 25 26 n 14 n n 13 n p 12 n n 11 n n 10 " n 9 n n 8 11 n 4. " II 2 II n 1 n tl 39 II n 1 tl n 9 " n 8 tl n 7 n tl 6 II " 5 " n 4. n Resolution Numb~r ~, .;a , Ass essments DJ,8 and Unpaid. A 'traot No.1 of Bay OityiJlisC. !laps, Book 9- Page 1. k II A n j, II A n II n A n A' 11 /II n A' tl 1# tl o n 1 n Jl tl It 11 ]il tl F " B n It n $180.53 112.83 112.83 112.83 112.83 112.83 112.83 112.83 112.83 112.84 67.43 428.76 368.83 181.25 112 .84- 112.84 112.84- 112.84- 112.84 And this BOard ha~ng heretofore ordered that the last instal- ment of said bondS shall mature fourteen (14) yeare from the 2nd clay of July next succeeding nine monthe from their date. Seoond. BondS shall be issued upon the eeourity of the unpaid assessments shown 03 the liet thereof, as herein above determined, for the aggregate prinoipal of the Bum of ~paid a811esemente, to-wit: '2,806.48, and shall be payable in fifteen (15)annual s'eriee ,on the 2nd day of July of eaoh year, next succeeding nine months after their date, until the whole e\lln of the aggregate principal thereof is paid. Said bonds and each of them shall bear interest at the rate of seven per oent (?%) per ann\lln from the 22nd day of Dectmber, 1922, the date of the fili~ with the Clerk of the Oity of Real Beach, of the street Superin- tendent's list of unpaid assessments, until the whole Sulll of the principal and the interest is paid. The interest shall be paid semi-annually by coupons, on ~he 2nd day of January and July retJpect1vely, of each year, after the'date of the bonds, pro- vided that the first payment of interest shall not become due -3- I.' .' I I I s 8 4. II 6 1 8 9 10 11 111 18 14 lli 16 11 18 19 110 III lI2 1I8 114 lIlI lI6 liT 1I8 119 80 81 811 ~ Resolution NUmbe~ , until the 2nd day of .Tanwi.' Y, 1924, being six months before the maturity of the first annual series of the bonds. -t The bondS and interest shall be paid at the office of the Treasurer of the Oi ty of Seal Beach, in so.id Oi ty, Oounty of Orange, State of california, on the presentation of theproper ooupons and bonde, out of the redemption fund, and under no oir- oumstances shall said bondS ar interest thereon be paid aut of any otl).er fund. A redemption fwd shall be kept by the Treasurer of th City of Seal Beaoh designated "Dolphin Avenue Improvement Bond , !ledemption Fund", in which the Treasurer shall place all S1mlS received from the collection of assessments made for the payment of the cost of the wark and improvement upon which the bondS are issued, and the interest and penalties thereon. All of said bondS shall be dated the 1st day of February, 1923, and shall be numbered consecutively from one (1) to thirty (30) inClusive. Each odd numbered bond shall be :In the denomination of 0100.00 each, and ea:: h even n1Jll1bered bond shall be in the denomination of .87.09 13/16 each. The farm of the bonciJ shall be substantially as pro- Vided by Section 6 of the Improvement Fond Act of 1916, pro- Vided that the same shall conta:ln the appropr:late worde and figures to I!lake the said bonds and the:lbm thereof app+icable to the denomination, ann~l Ber1es, and purposes for which the bonds are to be issued, as herein set forth. The bonds shall be signed by the treasurer and Olerk of the City of Seal Beach. There shall be attached to eaoh bond, interest ooupons representing the payments of sem:l-annual interest, and made pay- able upon the principal of the bonds to which they are att-ached. All of said bonds shall be signed by the Treasurer of the City of Seal Beaoh, but the Treasurer's signature may beengraved, -4- I . , I I ~ Resolution Number " ;I .. printed or 11 thographed on the interest coupons in place of the ' II 8 4 6 6 T 8 9 , Treasurer I s signature by hand. \ The interest coupons shall bs consecu.tively numbered from one (1) upward on eac.h bondj and the int'ereet therEilby re- presented shall be paid on the 2nd day of January and. July, suo- ceeding the 22nd day of December, 1922, provided that the coupons representing the first p.a.Y1!1en~ of inbreBt s..l1aJ.J. becoma due t ;the 2nd day of January, 1924, being S1x montllS . before 'Cne ma ur- ity of the f1.rst annual seri ee of the bends, andshall be for the inter eet acoruing thereon from the 22nd day of Deoember, 1922, " 10 to said date. 11 BondS numbered land 2 shall oonsti tute anJUal series III No.1 and shall fall dUe and be payable on the 2nd day of July, 18 14 16 16 17 18 19 to 111 1I11 118 114 116 116 117 118 .119 110 81 811 1924, being the 2nd day of July next succeeding nine months from the 1st day of February, 1923, the date of said bonds. '/ BondS number ed 3 and 4. sllall conati tut e annual seri es No. Z and shall fall due and. be payable on the 2nd day of July, 1925. Ponds numbered 5 and 6 shall constitute annual series No.3 and shall falldue and. be payable on the 2nd day of July, 1926. I Bonds numbered 7 and 8 shall constitute annual series No. 4 and shall fall d us and. be payable on the 2nd day of JUly, 1927. Honds numbered 9and 10 sllall oonstitute annual eeries No.5 and shall fall due'and be payable on the 2nd day of July~ 1928. Bonds numbered 11 and Jl2 shall constitute annual sene No. 6 andshall fall due and be payable on the land day of July, 1929. Bonds numbered 13 and 14 811all oonsti tute annual slJ ie No.7 and shall fall due and be payable on the 2nd day of July, 1930. -5- I I I 1 1 8 A;-. Resolution Number /-\ .'A Bonds numbered 16 and 16 shall constitute annual series No.8 and shall fall due and be paya~le on the 2nd$y of July, 1931. 4 Bonds n\lllbered 17 and 18 shall conet! tute annual seris 6 No.9 and shall fall due and be payable on the 2nd daY of July, 6 1932. 7 Bonde numbered 19 and 20 shallconatitute annual series B N,o. 10 and shall fall due am be payable on the 2nd day of July, 9 1933. 10 Bonds numbered 21 and 22 shall consti tu te annual eeries - - 11 No. 11 and ahall fall due and be payable on the 2nd day of July, III 1934. 18 Bonds numbered 23 and 24 shall constitute annuAl seriee 14 16 16 IT 18 19 llO III llll ll8 ll4 ll6 liB liT liB 1I9 80 81 811 No. 12 and shall fall due and. be payable on the 2nd daY of July, 1936. Bonds numbered 26 and 26 shall constitute annual series No. 13 and shall falldue and be payable on the 2nd day of July, 1936. Bonde numbered 27 and 28 shall conotitute annual series No. 14 and shall fall due and be payable on the 2nd day, of July, 1937. Bonds numbered 29 and 30 shall oonat1tute annul series No, 16 and shall fall due aIld be payable on the 2nd day of JUly, 1938. '. Third. All of the bonds shall be sold to the highest bidder therefor, but for not less than their par value and aocrued interest at the date of their deli vary, and the prooeeds of the sale thereof shall bedepoei ted in the Treasury of the City of 8eal Beach, to the oredit of Dolphin Avenue Improvement :tond Redemption I\1nd, aIld from wliich there shall be paid to Fairohild-Gilmore-W11ton Co., the contraotor, the balanoe due -6- " I. I -" I 10 11 111 18 14 15 ~~... Resolution Numbe~ ., _J I them upon the assessment and warrant for thewrk cilne and improv ment made upon Dolphin .Avenue, inoluding interest upon the prin- oipal amount, a t the rate of seven per oent (7%> per ann'LUll from the 22nd day If Deoember, 1922, and theS11'plu8 of such proceeds, if any, shall beoredited to said Redemption Fund for the payment of such bonds. If no satisflitl tory bids are received, or the Board of 'J'rustees determine that the bids received are not satisfaotory as to the prioe or responsibility of the bidder, the Board of Tratees reserves the right to rejeot all bids reoeived, if any, and re-advertise the bonds for sale, or deliver said bonds tothe oontractor aforesaid, in satisfaction of the sum due them upon the assessment and warrant. II 8 4- II 6 7 8 9 Fourth. ~e assessment levy and colleotion of taxes i,n and for the City of Soal Beach being made tl1%ough and by the 16 County of Orange, and the of ficers thereof, 11' IS ORDERED: that 17 a copy her eof be filed in the offi ce of the .Ami tor of the County 18 of Orange, State of oalifornia. 19 20 21 1111 118 114 116 116 117 118 IlD 81 811 1 hereby certify that1he foregoing Resolution and Order was regularly introduced a nd passed by the :Iloard of Trustees of the Ci ty of Seal !leaoh, at a regular meeting '!bere of held on the 1st day of February, 1923, by the vote of the following named member s, towi t: .r~~ -~ Ayes, 80 N~oes, Tmstess Absent, Trustees ~~ ') Attest:~ ~~/V1 ~l;;::; ~h: ;;t; :f SeQ,l Beach calif ania. -7- I. I I ~ B 8 71 10 11 111 18 14 15 16 17 18 19 20 1I1 1I11 1I8 24 1I6 1I6 I 1I7 liS .liB '80 81 811 .... STATm OF CALIFORNtA County of Orange 4 6 B o Resolution Number , ... ) ~ Be . '.~ : , " .. - ,.... ... ~ ~ .~ .~.. :;. ~t" .., '~ ~ ...... JI / '. ,~ each. ;~.J"... r - .!:- ',..(r" " ~<,/ 'r .. ~ -' '. . .