HomeMy WebLinkAbout1983-12-06; City Council; Resolution 74303
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RESOLUTION NO. 7430
RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF CARLSBAD, CALIFORNIA,
AUTHORIZING DEFERRED ANNUAL PAYMENT
ON SPECIAL ASSESSMENTS
WHEREAS, the CITY COUNCIL of the CITY OF CARLSBAD,
CALIFORNIA, has conducted proceedings and held a public hearing
relating to the formation of an assessment district under the
provisions and authority of Chapter 27 of the "Improvement Act of
1911", being Division 7 of the Streets and Highways Code of the
State of California, said special assessment district known and
designated as
ASSESSMENT DISTRICT NO. 83-1
(MONROE STREET)
(hereinafter referred to as the "Assessment District"); and,
WHEREAS, this City Council, as authorized by the provi-
sions of Section 5895 of the Streets and Highways Code of the
State of California, is desirous to determine that the payment of
any unpaid assessments may be made in annual installments not to
exceed ten (lo), and that said assessments shall be collected at
the same time and in the same manner as ordinary taxes are
collected and shall be sub,ject to the same penalties and
interest.
NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
SECTION 1. That the above recitals are all true and
correct.
SECTION 2. That it is hereby determined that all unpaid
assessments for the Assessment District may be made in annual
installments payable over a period of ten (10) years, and that the
payment of said assessments deferred shall bear interest on the
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unpaid balance at the rate of seven percent (7%) per annum. The
interest on said unpaid assessments shall begin to run on the 31st
day after the confirmation of the assessments.
SECTION 3. The unpaid assessments, constituting a lien
on the property, shall be collected at the same time and in the
same manner as ordinary City taxes and shall be subject to the
same penalties and interest and of the same procedure under fore-
closure and sale in case of delinquency as provided for ordinary
property taxes. All laws applicable to the levy, collection and
enforcement of property and County taxes are hereby made appli-
cable to these unpaid special assessments.
APPROVED and ADOPTED this 6th day of December ¶
1983.
CITY OF ~ARLSBAD
STATE OF CALIFORNIA
ATTEST :
1 CITY OF CARLSBAD STATE OF CALIFORNIA