1970/01/19 City Council Resolution (5)WJM &L:PDA :S 1/9/70 12c
RESOLUTION NO. 70 -15
A RESOLUTION PROVIDING FOR ISSUANCE OF BONDS
SEWER AND WATER PROJECT NO. 1967 -5
SERIES 1967 -5B -- $155,6o1036
RESOLVED, by the City Council of the City of Rohnert Park,
California, that
WHEREAS, sand Council did on June 174 !968 pass and adopt its
Resolution of Intention No. 68 -58, as subsequently amended, relating
to the acquisition of public improvements in said City under and
pursuant to the provisions of the Municipal Improvement Act of 1913,
and amendments thereto, and did therein provide that serial bonds
would be issued thereunder pursuant to the provisions of the
Improvement Bond Act of 1915, reference to said Resolution of Inten-
tion, as amended, hereby being expressly made for further
particulars;
WHEREAS, notice of the recordation of the assessment and of
the time within which assessments could be paid in cash was duly
published and mailed in the manner provided by law, and on
November 10, 1969, the list of unpaid assessments was filed in the
office of the City Treasurer;
WHEREAS, the total aggregate amount of the unpaid assessments
was $230,6010365 and bonds, designated Series 1967 -5A5 in the
amount of $75,000, were sold and delivered.
NOW, THEREFORE, IT IS HEREBY ORDERED, as follows:
1. That the assessments in said unpaid list which now remain
unpaid, and the aggregate thereof is the amount of $230,601036,
as shown on the list of unpaid assessments filed on November 10,
1969, in the office of the City Treasurer.
2. That bonds in the amount of $155.6ol.365 designated Series
1967 -5B, shall be issued upon the security of said unpaid assessments
in accordance with the provisions of the Improvement Bond Act of 1915
(Division 10 of the Streets and Highways Code) and under and pursuant
to the provisions of said Resolution of Intention, as amended, and
the proceedings thereunder duly had and taken; that said bonds shall
be one hundred fifty -six (156) in number, shall be dated February 195
1970, and bear interest from their date at the rate of seven percent
(7 %) per annum, and the denomination of said bonds of Series 1967 -5B
with their respective numbers and dates of maturity are as shown on
Exhibit "A" hereto attached and made a part hereof by reference.
3. Said bonds shall be issued in series, and the unpaid assess-
ments as shown on said list filed with the City Treasurer of said
City and determined by said Council, together with the interest
thereon, shall remain and constitute a trust fund for the redemption
and payment of said bonds and of the interest which may be due thereon,
which unpaid assessments shall be taxable in annual series corres-
ponding in number to the number of series of bonds issued, and an
annual proportion of each assessment shall be payable in each year
preceding the date of the maturity for each of the several bonds
issued, and such proportion of each assessment coming due in any
year, together with the annual interest thereon, shall in turn be
payable in installments as the general taxes of said City on real
property are payable, and shall become delinquent at the same time and
in the same proportionate amounts and bear the same proportionate
penalties for delinquency.
4. That for a particular description of the lots or parcels
of land bearing the respective assessment numbers set forth in
said unpaid list and upon which assessments remain unpaid, severally
and respectively, reference is hereby made to the assessment and
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diagram recorded in the office of the Superintendent of Streets
of said City after confirmation by said 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 con-
firmed and recorded, severally and respectively.
5. Said bonds shall be signed by the Clerk and Treasurer of the
City or bear the Treasurer's engraved, printed or lithographed sig-
nature, and the official seal of said City shall be affixed thereto
by printed, lithographed or other reproduction thereof. The interest
coupons affixed thereto shall be signed by said Treasurer or bear
his engraved, printed or lithographed signature; and such signing
and sealing of said bonds by said officers and signing of said cou-
pons by said Treasurer shall constitute and be a sufficient and
binding execution of each and every one of said bonds and all of the
coupons thereof respectively. Said bonds shall be substantially in
the form set forth in the Improvement Bond Act of 1915. Said Treas-
urer and Clerk of said City are hereby authorized and directed to
sign said bonds.
6. The interest coupons attached to each of said bonds and
evidencing the interest to accrue thereon shall be numbered consecu-
tively and be substantially in the following form, to wit:
on the second day of 919
I will pay to bearer hereof at
the office of the City Treasurer
of the City of Rohnert Park, the
sum shown hereon being the interest
then due on Improvement Bond dated Coupon No.
February 195 19700
Sewer and Water Project No. 1967 -5 Bond No.
Series 1967 -5B
Treasurer of e City of
Rohnert Park
7. The Clerk shall forward to the City Treasurer and County
Auditor a certified copy of this Resolution.
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EXHIBIT "A"
Series Bond
Nos.
Annual Principal Amounts
Date of Maturity
1967 -5B 1
$ 601.36
July
2,
1972
2 -
6
5,000.00
July
2,
1972
7 -
16
105000.00
July
2,
1973
17 -
26
103000.00
July
2,
197+
27 -
36
10,000.00
July
23
1975
37 -
46
105000.00
July
25
1976
47 -
56
10,000.00
July
25
1977
57 -
66
105000.00
July
25
1978
67 -
76
10,000.00
July
23
1979
77 -
91
153000.00
July
2,
1980
92 -
106
153000.00
July
25
1981
107 -
121
153000.00
July
21
1982
122 -
136
15,000.00
July
21
1983
137 -
146
10,000.00
July
25
198+
147 -
156
103000.00
July
21
1985
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 19th day of
January 19 70, by the following vote of the
members thereof:
AYES, and in favor thereof, Councilmen: Buchanan, Hopkins,
Roberts ,and Smith
NOES,
ABSENT,
ABSTAIN,
Councilmen: None
Councilmen: None
Councilman: Rogers
Deputy City G-lerk