HomeMy WebLinkAbout1958-02-18; City Council; Resolution 3421
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RESOLUTION NO. 342
RESOLUTION ORDERING CHANGE OF RESOLU- TION NO. 299, CHANGING THE FACE AMOUNT
OF BONDS TO BE ISSUED FROM $25.00 TO
$50.00.
WHEREAS, on the 4th day of February, 1958 , the City Council of the
City of Carlsbad adopted Resolution No. 339 entitled as fo1lows:"A RESOLUT
DESCRIBING CHANGES PROPOSED TO BE MADE IN RESOLUTION NO.
299(RESOLUTION OF INTENTION RE ASSESSMENT DISTRICT NO. 3-1957
DECLARING NO ESTIMATED INCREASE IN COST OF WORK, GIVING
NOTICE OF TIME AND PLACE OF HEARING."; and
WHEREAS, on the 6th day of February, 1958, the notice of public
hearing required by said resolution was duly published; and
WHEREAS, on the 18th day of February, 1958, hearing was duly had
in accordance with the requirements of Resolution No. 339,
NOW, THEREFORE, the City Council of the City of Carlsbad does
hereby resolve as follows:
SECTION 1. It is hereby found that notice has been duly given in
accordance with Resolution No. 339.
SECTION 2. It is further found that no persons appeared at the hearin
held at 7:30 o'clock P.M. , February 18, 1958, in the City Hall Chambers of
the City of Carlsbad at 2960 Pi0 Pic0 Drive, and objected to the proposed
change.
SECTION 3. IT IS HEREBY ORDERED that Section 4 of Resolution
No. 299 is hereby repealed and the following section substituted in its place
and stead:
"SECTION 4. That serial bonds bearing interest at six percent (6%) pt
annum shall be issued to represent each assessment of $50.00 or over
remaining unpaid for over thirty (30) days after the date of confirmatiol
of the assessment. Said serial bonds shall extend over a period ending
nine (9) years from the 2nd day of January next succeeding the next
October 15th following their date. Said bonds are to be issued pursuant
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to and as provided in the Improvement Act of 1911, Division 7 of
the State and Highway Code of the State of California, and pursuant
to the provisions of Section 6464 of said Division 7. This City
Council hereby elects and determines that the redemption provisions
of said bonds shall provide for a premium of five percent (5%) of
the unpaid principal of said bonds to be paid as provided in said
Section 6464 and in said Division 7.
PASSED, APPROVED AND ADOPTED at a regular meeting of the
City Council held on the 18th day of February, 1958, by the following vote,
to wit:
A YES: Vice Mayor Helton, Councilmen, Robinson, Ledgerwood and
NOES: None
Baird.
ABSENT: Mayor Castorena.
of the City of Cirlsbad,
Car 1. sbad Calif o rnia
ATTEST:
P