HomeMy WebLinkAbout81-180RESOLUTION NO. 81-180
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SANTA ANA DETERMINING UNPAID ASSESSMENTS
AND THE MANNER OF PAYMENT THEREOF AND
LISTING BONDS ISSUED ON THE SECURITY
THEREOF
WHEREAS, this City Council has taken proceedings under
the Municipal Improvement Act of 1913, Division 12 of the
Streets and Highways Code, and has confirmed an assessment
which was recorded on the 23rd day of September, 1981, in
the office of the Superintendent of Streets and the Assess-
ment Diagram and Notice of Assessment in the office of
the County Recorder of Orange County on September 24, 1981;
and
WHEREAS, the proceedings provided that bonds would be
issued pursuant to the Improvement Bond Act of 1915, Divi-
sion 10 of said Code; and
WHEREAS, a list of unpaid assessments has been filed
in the office of the Treasurer of the City of Santa Ana
pursuant to Section 8620 of the Code, the aggregate amount
of which is $3,150,000 ; and
WHEREAS, this City Council has, pursuant to Section
8650.1 of the Streets and Highways Code, established the
denomination of the bonds and the amounts to mature each
year which is other and different than that provided in
Section 8650 of the Streets and Highways Code; and
WHEREAS, the bonds are 630 in number, the bonds are
numbered in consecutive numerical order, beginning with the
earliest maturity, and are numbered from 1 to 630 The
bonds are dated November 15, 1981. The first payment of
interest is payable on January 2, 1983, and thereafter the
interest is payable semi-annually on July 2 and January 2 of
each year. The bonds mature on July 2 in the amounts and
years and bear interest from their dates at the rates set
forth as follows:
AMOUNT YEAR (JULY 2)
INTEREST RATE
$ 5,000
110000
125000
135 000
150 000
165000
180000
200000
220 000
240000
270.000
290 000
320 000
350000
390000
1983 10%
1984 10%
1985 10%
1986 10%
1987 10%
1988 10%
1989 10%
1990 10%
1991 10%
1992 10%
1993 10%
1994 10%
1995 10%
1996 10%
1997 10%
RESOLUTION NO. ~I-I~U
PAGE TWO
NOW, THEREFORE, BE IT RESOLVED AND ORDERED BY THE CITY
COUNCIL OF SANTA ANA, STATE OF CALIFORNIA as follows:
1. That the unpaid assessments upon the security
of which the bonds are issued are determined to be as set
forth in the recitals hereof.
2. The unpaid assessments shall be payable in the
manner provided in Section 8680 et seq. of the Code and
shall be payable in the same manner and at the same time and
in the same installments as the general taxes of the City on
real property are payable. Pursuant to Section 8682 of the
Code, a certified copy of this resolution and a copy of the
list of unpaid assessments shall be filed by the City Clerk
in the office of the Auditor of Orange County, California.
The Auditor shall enter in his assessment roll on which
taxes will next become due the amount coming due during the
fiscal year covered by the applicable assessment roll
pursuant to said Section 8682.
PASSED AND ADOPTED THIS
1981, by the following vote:
2nd _ day of N0v~mh~r
AYES:
COUNCILMEMBERS: Acosta, Bricken, Griset, Luxembourger,
McGui§an, Serrato
NOES: COUNCILMEMBERS: Markel
ABSENT OR NOT VOTING: COUNCILMEMBERS: None
Gord c~n-'B r icken
Mayor, City of Santa Ana
ATTE ST:
APPROVED AS TO FORM:
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