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1971/06/21 City Council Resolution (5)WJM&LapDA:b:zw 6/14/71 10c RESOLUTION NO. 7/-C,-J'- A RESOLUTION DETERMINING UNPAID ASSESSMENTS AND PROVIDING FOR ISSUANCE OF BONDS COUNTRY CLUB BOULEVARD IMPROVEMENT PROJECT NO. 1970-5 RESOLVED, by the Council of the City of Rohnert Park, California, that; WHEREAS, this Council did, on may 4, 1970, pass and adopt its Resolution No. 70-629 a Resolution of Intention to Acquire and Con- struct Improvements, under and pursuant to the provisions of the Municipal Improvement Act of 1913, and did therein provide that bonds would be issued pursuant to the provisions of the Improvement Act of 1911, reference to said Resolution of Intention and the proceed- ings had subsequent thereto hereby being expressly made for further particulars; WHEREAS, notice of the recordation of the assessment and of the time within which assessments may be paid has been given in the manner provided by law, and the time so provided for receiving pay- ment of assessments has expired, and the City Clerk has filed with the City Treasurer a list of all assessments which now remain unpaid; NOW9 THEREFORE9 IT IS HEREBY ORDERED., as follows- 1. That the assessments remaining unpaid; and the aggregate thereof, are as shown on said list and on Exhibit "A" hereto attached and by this reference made a part hereof. 2. That for a particular description of the lots or parcels of land bearing the respective assessment numbers set forth in said list, and upon which said assessments remain unpaid, severally and respectively, reference is hereby made to the assessment and to the diagram recorded in the office of the Superintendent of Streets of this City after confirmation by this Council, the several lots or parcels of land represented by said assessment numbers being so numbered and designated upon said diagram and assessment as so confirmed and recorded, severally and respectively. 3. The unpaid list is in the amount of $85,196.00, and bonds shall be issued upon the security of said unpaid assessments in said amount in accordance with the provisions of the Improvement Act of 1911 and said Resolution of Intention and the proceedings thereunder duly had and taken. Said bonds shall be dated June 24, 1971, shall be designated Series 1970 -5, shall be seven (7) in number, shall each be in the amount of the unpaid assessment on the particular lot or parcel of land described therein, and the principal of each shall mature in fifteen (15) even annual amounts, represented by coupons payable on January 2 in each of the years, 1972 to 1986 inclusive. Said bonds shall bear interest from their date on the decreasing principal balance at seven percent (7y) per annum, represented by coupons payable on January 2 and July 2 in each year, commencing on January 2, 1972. The redemption provisions of each bond shall provide for a premium of five percent (5 %) of the unmatured principal thereof on call, and the bonds and coupons shall be made payable to bearer at the office of the Treasurer of Sonoma County, fiscal agent of the City and of its Treasurer. 4. Said bonds shall be manually signed by the City Treasurer and the coupons attached thereto shall have said Treasurer's facsimile signature, engraved, printed or lithographed thereon, and such sign- ing shall constitute and be a sufficient and binding execution of each and every one of said bonds and coupons thereof, respectively. Said bonds and coupons shall be substantially in the form provided in said Improvement Act of 1911, except the words "after the acceptance of said work" shall be deleted from the first sentence of the second 2 paragraph of the bond forma The City Treasurer is hereby authorized and directed to sign said bonds and coupons as aforesaid. 5. The City Treasurer shall deliver said bonds to the purchaser thereof upon receipt of the purchase price therefor, as provided in Resolution No. 71 -51 Awarding Sale of Bonds, adopted by this Council on May 3, 1971. 6. The City Clerk shall forward certified copies of this reso- lution to the City Treasurer and County Treasurer. I hereby certify that the foregoing is a full, true and correct copy of a resolution duly passed and adopted by the City Council of the City of Rohnert Park, Sonoma County, California, at a meeting thereof held on the 21st day of June, 1971, by the following vote of the members thereof: AYES, and in favor thereof, Councilmen: (5) Buchanan, Roberts, Rogers, Smith, and Hopkins NOES., Councilmen: (0) None ABSENT, Councilmen: (0) None APPROVED: May 9 _7 Dep5uty Ci.y CI&Yk EXHIBIT "A" LIST OF UNPAID ASSESSMENTS COUNTRY CLUB BOULEVARD IMPROVEMENT PROJECT NO. 1970-5 Ass'.t Amount No, Property Description 1 Situated in Rancho Cotati and being a portion of the lands of Golis, Cohen, Oretsky and Wright as described by that certain deed recorded in Book 2185 of Official Records, Page 343, Sonoma County Records, and being more particularly described as follows: Commencing at a 3/4" iron pipe monument marking the intersection of the easterly right of way line of the Northwestern Pacific Railroad with the southerly right of way line of Sonoma State Expressway (now known as Rohnert Park Expressway) as described by that certain deed recorded in Book 2139 of Official Records, page 52, Sonoma County Records; thence from said point of com- mencement and along the said southerly right of way line of Rohnert Park Expressway, South 880 17' 10" East, 220047 feet; thence continuing along said southerly right of way line South 890 58' 00" East, 951006 feet; thence North 870 15' 20" East, 126058 feet to a tangent curve to the right with a radius of 2942000 feet and an internal angle of 30 12' 34 "; thence along said curve, 164080 feet to a compound curve to the right with a radius of 25.00 feet and an internal angle of 910 04' 49 "; thence along said curve and leaving said southerly right of way line of Rohnert Park Expressway a distance of 39074 feet to a point on the westerly right of way line of Country Club Blvd.; thence along said westerly right of way line of Country Club Blvd. the following courses and distances; South 70 02' 03" West, 54048 feet to a tan- gent curve to the right having a radius of 470000 feet and an internal angle of 140 04' 12" a distance of 115042 feet to a reverse curve to the left having a radius of 530000 feet and an internal angle of 140 04' 12 "; thence along said curve 130.15 feet; thence South 70 02' 03" West, 366090 feet to a curve to the left through an internal angle of 230 00' 00P4 having a radius of 600000 feet, a distance of 240000 feet; thence South 150 57' 57" East, 510000 feet; thence curving to the left on o radius of 472017 feet through an internal angle ofo21 20' 00" a distance of 175081 feet; thence South 37 17' 57" East, 109033 feet; thence leaving the said westerly right of way line of Country Club Blvd. South 890 41' 42" East, 75076 feet to a point on the easterly right of way line of Country Club Blvd., said point also being the true point of beginning of the parcel herein de- scribed; thence from said true point of beginning, and continuing South 890 41' 42" East a distance of 130°00 feet; thence North 00 18' 18" East, 132,93 feet to a point on the southerly right of way line of Medical Cen- ter Drive, said point also being a point on a curve; thence, along the said southerly right of way line o0 Medical Center Drive from a tangent bearing North 66 35' 32" West along a curve to the right with a radius of 180000 feet and an internal angle of 180 00' 11" a distance of 54,99 feet to a point of reverse curve on