HomeMy WebLinkAboutResolution No. 1054RMOLUTTON N0. /v 4-v
A RESOLUTION CP THE CITY CO:NO i. OF TIM CITY OF A7.US ,
BEING AN ORDER PROVIDING FOR. THE MSSU»:TCZ OF STREET IMPROVE:.IENT BONDS
PRESCRIBING THE DrENOMINATION OF ;UCH BOiiDS 1iiD OF THE INTEREST COUPONS
ATTACHED TIfERr^,TO.
TMRE:tS, the Board of Trustees of the City of Azusa did;
on the 21st day of February . 19 27 , pass its Resolution
of Intention No.959 for tae improvement of
Crescent Drive
in said City under and pursuant to the provisions of the Vrooman Act
, and the amendments thereto and to the resolutions,
notices and other proceedings of said Board duly adopted and
taken, reference to said Resolution of Intention being hereby expressly
made for further particulars; and
WBERMS, the contract for said work and improvement was duly
awarded and thereafter duly completed to the satisfaction of the Street
Superintendent of said City and this Council whereupon an
assessment, diagram and warrant wero made, recorded and delivered to the
;ontractor in time, form and manner as required by said act, and the
cortrac.ar having mado due return thereon and the same having boon duly
recorded; and
MAEREGS, on December 1 .,'19 27 ,, the Street Super-
intendent of said City made and filed with the clork of. this City a com-.
pleto list of all assessments unpaid'theraunder upon the respective assess-
ment or diagram numbers,' thereon, whereupon said clerk gave notice of the
filing of said list, and fixed in said notice Monday the ,%90th
day of December , 19'27 , at the hour of 7:30 o'clock P. It., as
the time when interested persons knight appear before the City Council and
show cause why bonds should not he issued upon the security of the unpaid
assessments shorn on said list, said time being that of this regular meet-
ing of said council; anu said council having hoard all objections and hav-
ing passed upon the same, it is heroby doterm9.nud that the assessments un-
paid thereunder and chs aggr.3gat3 asaounts of same are as follows:
LIST OF UNPAID ASSESSIMITS
Dinar am h
Assossment
Amount of Unpaid
Number
Lot
Block
Subdivision Assessment
8
8
G
Map of Azusa Heights Tr.M.B.11-49 8 1.44
9
9
G
" " 106.06
10
10
G
93.53
11
11
G
" " " " 93.53
12
12
G
" n n " n I' n 93.09
14
G
it It to 11 it 11 it 109.34
,14
36
12--H
JJ �/
IL—ft— --It �f. —rq—. If.
17
13
H
It it It It 11 " 102.47
18
14
H
ItIt" " " if It
92.68
19
15
H
of " ItIt " 92.43
" It
20
16
H
of " of ItItof " 93.36
21
17
H-
to it of Itit " it 93.20
22
18
H
110.00
24
5
H
to " 11 II It It 11 .19
30
18
I
" " Itit Itof " 87.49
31
19
I
it to Itto of " It
87.38
32
20
I
" " to to Itif It87.25
33
15
J
to of Itto It" it 87.17
34
16
J
To " " It Itit " 87.17
36
That
portion
of the Pacific Electric right of way as shown
on
the map of Azusa Heights Tract, further described
as
follows:
Beginning at the south-west corner of the
termination
of Crescent Drive in Angeleno Avenue, thence
westerly
370.86
feet to the beginning of a curve concave
to
the north-east
and having a radius of 2814.84 feet,
thence
northwesterly 260.11 foot along said curve to its
Intersection
with the westerly lot line produced of Lot
16
of Block
I of said Tract, thence southerly 28.39 feet
to
the northerly lino of Iiinth Street, thence easterly
630
feet, thence northerly 20 feet to the point of be-
ginning.
510.26
TOTAL02,028.04
0 0
• 0 0
d 1,
TIM TOTAL OR AGGREG1.TE y11-MiT OF SAID ASSESSIM UNPAID IS ZIE
SMI OF $
2,028.04
NOW THEREFORE, in consideration of the premises, the City
Council of the City
of Azusa do orcor as follows:
Section
1. That bonds shall be issued upon
the security
of the
unpaid assessments
to said amount of $ 2,028.04
in accordance with
the provisions of said improvement
act and the "Improve-
ment Bond
Ac*k of 1915"
and under and pursuant to the
resolutions, notices
and proceedings of
said board duly adopted and takent
said bonds shall be
called "Improvement.
Bonds", shall be fifteen (15)
in numper, shall
be dated
December 19th 19 27 ; and the denominations of
said bonds and the
interest coupons required to be attached
thereto,
with
their respective numbers and dates of maturity, aro as
follows:
Bond No.
Series
No. Amount of Bond Dollars
Date of
Maturity
1
F
$135.21
July 2nd,
1929.
2
F
135.21
July 2nd,
1930.
3
F
135.21
July 2nd,
1931.
4
F
135.21
July 2nd,
1932.
5
F
135.20
July 2nd,
1933.
6
F
135.20
July 2nd,
1934.
7
F
135.20
July 2nd,
1935.
8
F
135920
July 2nd,
1936.
9
F
135.20
July 2nd,
1937.
10
F
135.20
July 2nd,
1938.
11
F
135.20
July 2nd,
1939.
12
F
135.20
July 2nd,
1940.
13
F
135.20
July 2nd,
1941.
14
F
135.20
July 2nd.
1942.
15
F
135.20
July 2nd,
1943.
d 1,
Section 2. Saio. bcrda ghat_ ;,z� io,,ued'in series, and
the unpaid assessments as shows, on as -d ;.st filed by the Superinten0e2:,.t
of Streets and detormined by th; Cl -y Cocr_cil together with inorest
thereon, shall remain and constitute a trust fund for the redemption
and paynent of said bonds and of the interest which may be due thereon,
:vh_h unpaid assessments shall be payable in annual series correspond-
ing In number to the number of series of bonds issued, and an even
arifanl proportion of each assessment issued, and an even annual pro-
portion of each assessment shall be payable in each year preceding the
date of the maturity for each of the several series of bonds issued,
and such proportion of oaab. assessment coming due in any year, together
with the annual_ interest thereon, shall in turn be payable in install-
ments as the goneral municipal taxes of said City on real property are
payable, and shall become delinquent at the same times and in the .same
proportionate amounts and bear the same proportionate ponalties for
delinquency.
Said bonds shall be signed by the Treasurer of said City and
countersigned by the clerk who shall affix thereto the official seal of
said City; the interest coupons affixed thereto shall be signed by the
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 cohstitute and be a sufficient and
binding execution of each and every one of said bonds and all of the
coupons thereof respedtivoly. Said bonds shall be substantially in the
form set forth in said Improvement Bond Act.
The interest coupons attached to each of said bonds and ev-
idencing the interest to accrue thereon shall be numbered consecutively
and be substantially in the following form, to -wit:
Coupon No. 2 $ 4.73
The City of Azusa,California, will pay to the bearer hereof
on the second day of July, 19 29 , # 4.73 at the office of the
City Treasurer, said sum being the semi-annual interest due on Improve-
mont Bond No. 1 of Series No. F
Dated: December 19 , 19 27.
City Treasurer.
Section 3. Said bord.s s:k,311 be forthwith delivered to the
contractor in satisfaction of the 'ba'a.ce eue him upon his assessment
and. warrant .
I hereby certify that th3 f }reci .,; resolution was duly adopted
by the City Council o.° t:,a �;.4f cf Szusa at a regular
meting held December 19 , ld 27, by the following vote of the
council: 2
AYES: .tea.-x� . ,7l`-cti�l, lYc
NOES:
ABSENT:¢
y i i,r'c of tho City of Azua .
o, i r• ed this 19th 'bay ,,z December ' = 27
P. ;yc- of t;7e City of Azusa.