Resolution 1994-25
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RESOLUTION No.94-25
RESOLUTION APPROVING REASSESSMENT REPORT AND
ORDERING REASSESSMENTS
CONSOLIDATED REFUNDING DISTRICT NO. 1994-1
The City Council of the City of Gilroy resolves:
The Engineer of Work filed the written report prescribed by
section 9523 of the streets and Highways Code. On the basis of the
information set forth in the Report, this City council hereby finds
and determines that the three conditions specified by Section 9525
of the Streets and Highways Code are satisfied.
Accordingly, this City Council is authorized to proceed with
approval and confirmation of the report and with authorized
issuance and sale of the proposed refunding bonds without notice to
the affected landowners or hearing on the report.
This Council hereby approves and confirms the Reassessment
Report, including Exhibits A through H thereof.
All assessments originally levied in the following districts
shall be deemed supplanted and superseded by the reassessments
proposed hereby, except for unpaid installments of principal and
interest due and payable during or before fiscal year 1993-94:
(a) Country Estates Phase I Assessment District;
(b) Las Animas Technology Park Refunding District No.2;
(c) East Ninth Street et al Refunding Assessment District; and
(d) Ronan-Liman Avenues Assessment District No. 82-2.
Bonds representing unpaid reassessments, and bearing interest
at a rate not to exceed twelve percent (12%) per annum, shall be
issued in accordance with the terms and conditions of the Refunding
Act of 1984 for 1915 Improvement Act Bonds (the "Act"), and the
last installment of the bonds shall mature not to exceed twenty-
four (24) years from the 2nd day of September next succeeding
twelve (12) months from their date. The reassessments and interest
thereon shall be collected in the manner prescribed by the Act and
are subject to reassessment, amendment, and prepayment, all in
accordance with the provisions of the Act and the related
provisions of the Improvement Bond Act of 1915 which are
incorporated therein.
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RESOLUTION NO. 94 - 25
ORIGINAL
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I hereby certify that the foregoing resolution was duly and
regularly adopted and passed by the City Council of the City of
Gilroy, California, at a regular meeting thereof held on the 21st
day of March, 1994, by the following vote of the members thereof:
AYES, and in favor, thereof, Councilmembers: GILROY, KLOECKER,
MORALES, ROGERS, RO~~ISON, VALDEZ and GAGE.
NOES, Councilmembers: None
ABSENT, Councilmembers:None
AP:~=>> J. .
Mayor ~
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