1967/04/17 City Council ResolutionWJML:HEK:fh 4-11-67 12C
/ �7
RESOLUTION NO. 4�;
A RESOLUTION DETERMINING UNPAID ASSESSMENTS
AND PROVIDING FOR ISSUANCE OF BONDS
SONOMA STATE EXPRESSWAY IMPROVEMENT PROJECT NO. 1966-2
RESOLVED, by the City Council of the CITY OF ROHNERT PARK,
Sonoma County, California, that
WHEREAS, this Council did on August 1, 1966 pass and adopt its
Resolution of Intention No. 351 relating to the acquisition and con-
struction of public improvements in said City under and pursuant to
the provisions of the Municipal Improvement Act Of 1913, and amendments
thereto, which resolution was subsequently amended, and did therein pro-
vide that serial bonds would be issued thereunder pursuant to the pro-
visions of the Improvement Bond.Act of 1915, reference to said Resolu-
tion of Intention, as amended, 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 in cash, has been duly pub-
lished and mailed in the manner "provided by law, and the time so pro-
vided for receiving,t�_e payment of assessments in cash has expired, and
the City Clerk, the person designated by this Council as the person to
whom payment of assessments shall be made, has filed with the City Treas-
user .a list of all assessments which now remain unpaid; and
WHEREAS, the Council has duly considered said list and has deter-
mined that the same is an accurate statement thereof;
NOW, THEREFORE, IT IS HEREBY ORDERED, as follows:
1. That the assessments in said unpaid list which now remain un-
paid, and the aggregate thereof, are as shown on Exhibit "A" hereto at-
tached and by reference made apart hereof.
2. 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 said assessments remain unpaid,, severally and re-
spectively, reference is hereby made to the assessment and to the I diagram
recorded in the office of the Superintendent of Streets of said City
after confirmation by this Council, the several lots represented by
said assessment numbers being so numbered and designated upon said dia-
gram and assessment as so confirmed and recorded, severally and respec-
tively.
3. The unpaid list is in the amount of $186,,242.28 and bonds
shall be issued upon the security of said unpaid assessments in said
amount 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;' I that said bonds shall
be one hundred:eighty-seven (187) in number, shall be dated April 15,
1967, and bear interest from their date at the rate of five percent (5%)
per annum, and the denomination of said bonds, with their respective
numbers and dates of maturity, are as shown on Exhibit "B" hereto at-
tached and made a part hereof by reference.
4. 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 this 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 correspond I ing 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 in-
terest thereon, shall in turn be payable in installments as the gen-
eral 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.
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5. The bonds shall be executed on behalf of the City and under
its official Seal by the Clerk and Treasurer of the City and the in-
terest coupons attached thereto shall be executed by said Treasurer.
For such purpose, the Treasurer may use an engraved, printed or litho-
graphed facsimile of his signature in lieu of signature by hand. The
Seal of the City may be affixed to the bonds by printed, lithographed
or other reproduction thereof; and such signing and sealing of said
bonds by said officers, and signing of said coupons by said Treasurer,
shall constitute and be a sufficient and binding execution of each and
every one of said bonds and coupons thereof respectively. Said bonds
shall be substantially in the form set forth in the Improvement Bond
Act of 1915.
6. The coupons attached to each of said bonds, and evidencing
the interest to accrue thereon, shall be numbered consecutively and
be substantially in the following form, to wit:
On the Second day of
19
The CITY OF ROHNERT PARK will pay to bearer
hereof at the office of the Treasurer of said
City, in the City of Rohnert Park, County of
Sonoma, . California, being interest then due
on Improvement Bond dated April 15, 1967. Coupon No.
Treasurer - Series 1966-2 BOND NO.
7. That the City Clerk shall forward to each the City Treas-
urer and County Auditor a certified copy of this resolution.
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EXHIBIT 'BA's
CITY OF ROHNERT PARK
SONOMA STATE EXPRESSWAY IMPROVEMENT
PROJECT NO. 1966 -2
LIST OF UNPAID ASSESSMENTS
Assessment Assessor's
Number Parcel No.
1 143- 360 -13
2 143- 320 -10
3 143-320-09
4 143- 330 -o6 (Por.)
5 143- 330 -06 (Por.)
Amount of
Assessment
$ 30,492.00
5,695.20
84,655.08
50,856.00
14, 544 . oo
Total $186,242.28
rmff� s�
ANNUAL
DATE
OF
SERIES BOND
NUMBERS
PRINCIPAL
MATURITY
1966-2
1
$ 242028
July
2,
1968
2
- 13
123000.00
July
2,
1968
14
- 25
12,000000
July
23
1969
26
® 37
125000000
July
2,
1970
38
- 49
121000000
July
23
1971
50
® 61
123000.00
July
23
1972
62
- 73
123000.00
July
22
1973
74
® 85
12,000000
July
2,
1974
86
® 97
123000.00
July
2,
1975
98
- log
12,000.00
July
2,
1976
110
® 122
11,000000
July
2,
1977
1
L23
- 135
133000-00
July
2,
1978
136
- 148
13,000.00
July
23
1979
149
- 161
13,000-00
July
23
1.980
162
m 174
13,000000
July
25
1981
175
m 187
1-3,000.00
July
2,
1982
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 day of
196� ., by the following vote of the
members thereof:
AYES, and in favor thereof, Councilmen:
NOES, Councilmen: %�.e--
ABSENT, Councilmen:
Ci Clerk
APPROVED:
Mayo r
ii