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Resolution 1376 WJML~ab 7/28/69 10 C RESOLUT ION NO. 1376 A RESOLUTION DETERMINING UNPAID ASSESSMENTS AND PROVIDING FOR ISSUANCE OF BONDS RONAN AVENUE IMPROVEMENT DISTRICT PROJECT NO. 1969-1 RESOLVEDJ by the Council of the City of Gilroy, Santa Clara CountYJ California, that WHEREAS, this Council did on April 21, 1969 pass and adopt its Re- solution No. 1334, a Resolution of Preliminary Determination and of In- tention relating to the construction of public improvements ~n said City, under and pursuant to the provisions of the Municipal Improvement Act of 1913J and amendments thereto, and did therein provide that serial bonds would be issued pursuant to the provisions of the Improvement Bond Act of 19153 reference to said Resolution of Preliminary Determination and of In- tention 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 published and J' mailed in the manner provided by law, and the time so provided for receiving payment of assessments in cash has expired, and the City Clerk has filed with the Director of Finance a list of all assessments which now remain unpaid; and WHEREAS, the Council has duly considered said list and has determined 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 unpaid, and the aggregate thereof, are as shown on Exhibit "A" hereto attached and by reference made a part 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 assessments remain unpaid, severally and respectively, reference J37~ is hereby made to the assessment and to the diagram recorded in the office of the Superintendent of Streets of this City after confirmation by this Council, the several lots or parcels of land represented by said assessment numbers being so numbered and designated upon said diagram and assessment as so confirmed and recorded, severally and respectively. 3. The unpaid list is in the amount of $14,380.23 and bonds shall be i.ssued upon the security of said unpaid assessments in said amount in ac- cordance with the provisions of the Improvement Bond Act of 1915 {Division 10 of the Streets and Highways Code, and under and pursuant to the pro- visions of said Resolution of Preliminary Determination and of Intention and the proceedings thereunder duly had and taken; that said bonds shall be fifteen (15) in number, shall be dated August 8, 1969, and bear interest from their date at the rates stated in the accepted bid for the bonds, and the denominations of said bonds, and their respective numbers and dates of maturity., are as shown on Exhibit "B" hereto attached and made a part hereof by reference. 4. Said bonds shall be issued in series, and the unpaid assessments as shown on said list filed with the Director of Finance 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 corresponding in number to the number of series of bonds issued, and an annual proportion of each assessment shall be payable in each year pre- ceding 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 interest thereon, shall in turn be payable in installments as the general taxes of the 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. 5. The bonds shall be executed on behalf of the City and under its official Seal by the Director of Finance and Clerk, and the interest 2 coupons attached thereto shall be executed by the Director of Finance. For such purpose, the Director of Finance may use an engraved, printed or lithographed facsimile of his signature in lieu of signature by hand, and 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 and coupons by said officers, and signing of said coupons by the Director of Finance, shall constitute and be a sufficient and binding execution of each and everyone 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 in- terest to accrue thereon, shall be numbered consecutively and be sub- stantially in the following form, to wit: The CITY OF GILROY, California, will pay to bearer hereof at Bank of America N. T. & S. A., 300 Montgomery Street, San Francisco, California, or the office of the Director of Finance of said City, the sum shown hereon, being interest due on its Improvement Bond of RONAN AVENUE IMPROVEMENT DISTRICT, PROJECT NO. 1969-1, dated August 8, 1969. SERIES 1969-1 On 19 $ Coupon No. BOND NO. Director of Finance 7. The Clerk shall forward to the Director of Finance of the City and to the Director of Finance of this County a certified copy of this resolution. * * * * * * * * * * * * * 3 WJML: ab 7/28/69 20 C EXHIBIT "A" LIST OF UNPAID ASSESSMENTS RONAN AVENUE IMPROVEMENT DISTRICT PROJECT NOo 1969-1 ASSESSMENT NUMBER 1 William T. Stamps 2 Manuel & Paula Flores 3 Vincent Wo Ellis 4 George & Carmen Valador 5 Anthony & Ella Silva 6 Anthony & Ella Silva 10 George & Genelle Azevedo 18 George & Genel1e Azevedo 11 Joe Fo & Julia Diaz, Jro 12 Joseph Eo Villa 13 Joseph Eo Villa 14 Alfred & Eleanor Tomey 19 L.B. & Velma Hoegett 21 Gustav & Barbara Steele 22 Woodworth Associates 23 Glen & JoAnn Defebaugh 24 Ernest Stanford ASSESSOR'S PARCEL NO. 786-21-51 786-21-52 786-21-53 786-21-54 786-21-55 786-21-56 786-21-34 786-21-30 786-21-35 786-21-36 786-21-37 786-21-38 786-21-31 786-21-02 786-21-03 786-21-04 786-21-05 AMOUNT OF ASSESSMENT 679010 339.55 748080 739008 432000 1,204092 1,636.92 518040 753.48 374040 374040 1,502028 544032 1,429002 857030 1,598026 648000 '$14., 3t)0 0 23 WJML:ab 7/28/69 20 C EXHIBIT liB" SERIES BOND NOS. DENOMINA TION DATE OF MATURrry 1969-1 1 $ 380.23 July 2;> 1970 2 1,000.00 July 2, 1971 3 1,000.00 July 2, 1972 4 1,000.00 ,July 25 1973 5 1,000.00 ~July 2)) 1974 6 1,000.00 July 2., 1975 7 1,000.00 July 2, 1976 8 1,000.00 July 2, 1977 9 1,000.00 July 2., 1978 10 1,000.00 July 2, 1979 11 1,000.00 July 2, 198Q 12 1,000.00 July 2, 1981 13 1,000.00 July 2, 1982 14 1,000.00 ,July 2, 1983 15 1,000.00 July 2, 1984 I her.eby certify that the foregoing is a full, true and correct copy of a resolution duly passed and adopted by the City I Council of the City of Gilroy, California, at a meeting thereof held on the 4th day of Augus t , 1962--,-by the following vote of the members thereof: AYES, and in favor thereof J Councl1members ~ Ba t rez, Duff in, Kennedy,Pate,Silva,Wentworth, and Goodrich. NOES, Councilmembers: None ABSENT, Councilmembers: None y APPROVED: J(~~~~r6~~~~ Mayor