Resolution 1434
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RESOLUTION NO. 1434
A RESOLUTION MODIFYING PROCEEDINGS
EIGHTH STREET IMPROVEMENT DISTRICT
PROJECT NO. 1969-2
RESOLVED, by the City Council of the City of Gilroy, California,
that
WHEREAS, this Council did on the 6th day of October, 1969,
adopt its Resolution No. 1393 of Preliminary Determination and of
Intention which said Resolution provided that serial bonds to re-
present unpaid assessments, and bear interest at the rate of not to
exceed seven percent (7%) per annum would be issued thereunder in
the manner provided in Bond Plan B, Chapter 12A, Article III,
Division 3 of the Gilroy City Code, the last installment of which
bonds were to mature not to exceed fourteen (14) years from the
second day of July next succeedin g ten months from their date;
WHEREAS, said Council did on the 15th day of December, 1969,
award the sale of the bonds to be issued to represent unpaid assess-
ments levied in the proceedings had under said Resolution of Pre-
1iminary Determination and of Intention;
WHEREAS, said award was made subject to all of the terms
and conditions set forth in the accepted bid therefor; and
WHEREAS, one of the terms of said accepted bid provided that
the last installment of said bonds to be issued to represent said
unpaid assessments was to mature not to exceed four (4) years from
the second day of July next succeeding ten months from their date.
NOW, THEREFORE, IT IS HEREBY FOUND, DETERMINED and ORDERED,
as follows~
11-3 ~-
1. That serial bonds to represent unpaid assessments and bear
interest at the rate of not to exceed seven percent (7%) per annum
shall be issued in the manner provided in Bond Plan B, Chapter l2A,
Article III, Division 3 of the Gilroy City Code, the last installment
of which bonds shall mature not to exceed fourteen (14) years from
the second day of July next succeeding ten months from their date,
to wit: four (4) years from the second day of July next succeeding
ten months from their date.
2. That Notice to Pay Assessments has been published and
mailed to each owner of real property within the assessment dis-
trict at his last known address as same appears on the tax rolls of
the City or on file in the office of the Clerk of said City, or
to both addresses, if said address is not the same, or to general
delivery when no address so appears in the time, form and manner
required by law. Said notice as published and mailed pursuant to
said Code contained, among other things required by law, a statement
that the last installment of said bonds to be issued to represent
the unpaid assessments shall mature not to exceed four (4) years from
the second day of July next succeeding ten months from their date.
3. That said proceedings be modified to reflect said change
as to the maturity of said bonds.
* * * * * * * * * * * * * * * * * *
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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 Gilroy, California, at a meeting thereof
held on the
5th
day of
January
, 19 70 ,
by the following vote of the members thereof:
AYES, and in favor thereof, Councilmembers: Batrez, Duff in, Kennedy,
Pate, Silva, and Wentworth
NOES,
Councilmembers:
None
ABSENT, Councilmembers:
Goodri ch
Deputy
j;~~ (J: rP ~_ J
City Clerk of the City 0 Gilroy
APPROVED:
~~0'~
ayor "rotempore
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I, SUSANNE E. STEINMETZ, City Clerk of the City of Gilroy, do
hereby certify that the attached Resolution No. 1434 is an original
resolution, duly adopted by the Council of the City of Gilroy at a
regular meeting of said Council held on the 5th day of January
19 12-, at which meeting a quorum was present.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
official seal of the City of Gilroy, this 6th
day of January
197.2-.
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by
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Deputy City Clerk