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Home My WebLink About1988-10-04; City Council; Resolution 88-359-7- .&' l a 0 , II 1 2 3 RESOLUTION NO. 88-359 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, DETERMINING UNPAID ASSESSMENTS IN A SPECIAL ASSESSMENT DISTRICT 4 11 WHEREAS, the CITY COUNCIL of the CITY OF CAR 5 6 CALIFORNIAl has heretofore undertaken proceedings pursuant "Municipal Improvement Act of 1913", being Division 12 I 7 8 9 Streets and Highways Code of the State of California, ar confirmed assessments upon lands within a special asse district described in a Resolution of Intention prev 10 11 adopted for said improvements, said special assessment Di known and designated as ASSESSMENT DISTRICT NO. 86-1 (P I-2 I/ AIRPORT ROAD) (hereinafter referred to as the "Asse! 13 11 District"); and, 14 11 WHEREAS, said proceedings provided for the issuance of 15 11 pursuant to the "Improvement Bond Act of 1915", being Divis l6 II of the Streets and Highways Code of the State of Californi< 1711 it is necessary to establish the unpaid amount of assessmen I-8 I1 the purpose of issuing bonds; and, 19 20 21 22 23 24 25 26 27 28 WHEREAS, notice of the recordation of the assessment , the time within which assessments may be paid in cash ha: duly published and mailed in the manner provided by law, a: time so provided for receiving payment of assessments in ca expired, and there has been filed a list of all assessments now remain unpaid; and, WHEREAS, said complete list represents all payments ret on unpaid assessments, as well as any applied credits or , tionments as may be necessary to correctly reflect the . balance of assessments. II . z 0 0 1 1 2 NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS: 3 11 SECTION 1. Recitals. That the above recitals are a1 4 )I and correct. 5 11 SECTION 2. Unpaid Assessments. That the assessmen 6 II remaining unpaid, and the aggregate thereof, are as show] 7 8 9 10 11 12 list entitled "Paid and Unpaid Assessments", referenced name of this Assessment District, a copy of which is on f the Office of the Treasurer and by reference made a part her SECTION 3. Parcel Descriptions. That for a part description of the lots or parcels of land bearing the resr assessment numbers set forth in said Unpaid List and upon 13 assessments remain unpaid, reference is hereby made to the a 14 ment and to the diagram recorded in the Office of the Super 15 16 17 18 dent of Streets. SECTION 4. Issuance of Bonds. The Unpaid List is amount of $5,133,940.30 , and bonds shall be iss said amount and upon the security of said unpaid assessme lgllaccordance with the provisions of the "Improvement Bond I Z0 II 1915", and under and pursuant to the provisions of said R 21 ll tion of Intention and Resolution Authorizing the Issuar 22 thereunder duly had and taken. 23 Bonds and Approving Bond Indenture, and all other proce 24 25 in approximately equal annual debt service during the term c 28 paid. The amount maturing each year shall be such as to ; 27 succeeding twelve (12) months from their date, until the whc 26 form with annual maturities on September 2nd of every SECTION 5. Maturity. The bonds shall be issued in issue. L ’# f r 8 I) e 0 i 111 SECTION 6. Terms and Conditions of Bonds. For all 2 Authorizing and Providing for the Issuance of Bonds, a c 4 reference is hereby made to the previously adopted Res1 3 particulars relating to the terms and conditions of said 5 11 which is on file with the transcript of these proceedin; ‘Itopen to public inspection. 7 // SECTION 7. Collection of Assessments. The County A1 8 II which is the political subdivision of the State of Cal 9 directed, in accordance with the provisions of Section 8 Io which collects taxes for this City, is hereby authoriz l1 II the Streets and Highways Code of the State of Californ 1211enter into his assessment roll on which property taxes wil 13 11 become due, opposite each lot or parcel of land affected 14 11 space marked “public improvement assessment” or by other SI 15 11 designation, the next and several installments of such ass€ l6llcorning due during the ensuing fiscal year covered by the E 17 11 ment roll and that said entry then shall be made each year I-8 the life of the bonds for the proceedings for this Ass€ District. This authorization is continual until all ass€ 19 20 obligations have been discharged and the bonds terminated. 21 II SECTION 8. Separation of Parcels. In accordance wi. 22 (I provisions of Section 8685 of the Streets and Highways Co( 23 11 any lot or parcel of land affected by any assessment : 24 25 26 separately assessed on the tax roll so that the installmu the assessment to be collected can be conveniently e thereon, then the Auditor shall enter on the roll a descr 27 28 of the lot or parcel affected, with the name of the ownez Y . P' I 4 r 1 2 3 4 5 6 e 0 known, but otherwise the owners may be described as "ut: owners", and extend the proper installment opposite the same. PASSED, APPROVED AND ADOPTED by the City Council of the of Carlsbad at its regular meeting held on the 4th d October , 1988, by the following vote, to wit: 7 AYES: Council Members Lewis, Mamaux and Pettine a NOES : None 9 10 11 ABSENT : Council Member Kulchin ABSTAIN: Council Member Larson l2 ATTEST: 13 14 &a ALETHA L. RAUTENKRANZ, City Clerk 15 16 17 18 19 20 21 22 23 24 25 26 27 28 (SEAL)