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HomeMy WebLinkAboutCity Council - 4288 RESOLUTION NO 4288 CITY OF HUNTINGTON BEACH RESOLUTION OF THE CITY COUNCIL ORDERING THE WORK AND IMPROVEMENTS , TOGETHER WITH APPURTEN- ANCES IN A SPECIAL ASSESSMENT DISTRICT ASSESSMENT DISTRICT NO 7501 (DUNBAR STREET SEWER AND WATER) WHEREAS, this City Council has instituted proceedings and conducted a Public Hearing for the construction of certain public works of improvements , together with appurtenances and appurtenant work in connection therewith, including acquisition, where necessary, in a special assessment district pursuant to the terms and provisions of the "Improvement Act of 1911" , being Divi- sion 7 of the Streets and Highways Code of the State of California said special assessment district known and designated as ASSESSMENT DISTRICT NO 7501 (DUNBAR STREET SEWER AND WATER) (hereinafter referred to as the "Assessment District") NOW, THEREFORE, IT IS HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH, CALIFORNIA, AS FOLLOWS SECTION 1 That the above recitals are all true and correct WORKS OF IMPROVEMENT SECTION 2 That the public interest and convenience require the work and improvement hereinafter mentioned to be done, and therefore the said City Council hereby orders the following work to be done and improvements to be made, to wit The construction of certain sanitary sewer and water improvements , together with appurtenances , including acquisition, in what is known and designated as ASSESSMENT DISTRICT NO 7501 (DUNBAR STREET SEWER AND WATER) PLANS AND SPECIFICATIONS SECTION 3 That for further particulars , reference is hereby made to said Resolution of Intention No 4265 and to the plans and drawings for said improvement on file in the Office of the City Engineer and the City Clerk of said City, and to the specifications for said work heretofore adopted by said City Council and on file in the Office of the City Engineer and the City Clerk of said City, and all of said plans , drawings and specifications heretofore approved by the City Council of said City are incorporated herein and made a part hereof and reference is hereby made thereto for a more particular descrip- tion of said work BOUNDARIES OF DISTRICT SECTION 4 That said City Council has determined and declared that the contemplated works and improvements heretofore mentioned were in the opinion of said City Council has made the expense of said works of improvements chargeable upon an assess- ment district For a particular description of the Assessment District, reference is hereby made to said Resolution of Intention BONDS SECTION 5 That said City Council has determined and declared that Serial Bonds bearing interest at the rate of six and one-half percent (6-1/2%) per annum and extending over a period ending NINE (9) years from the 2nd day of January next succeeding the next September 1st following their date, will be issued hereunder in the manner as provided by the "Improvement Act of 1911" , being Part 5 of Division 7 of the Streets and Highways Code of the State of California, to represent each assessment of Fifty Dollars ($50 00) , or more, remaining unpaid for thirty (30) days after date of mailing by the contractor or his assigns of the statement to property owners pursuant to Section 5390 of the Streets and Highways Code Said bonds shall further provide for a premium of 5% on the unmatured principal if said bonds are retired or discharged prior to their maturity PROCEEDINGS SECTION 6 That all of the work herein ordered shall be done and carried through pursuant to an Act of the Legislature of the State of California designated the "Improvement Act of 1911" , being Parts 1, 2 and 3 of Division 7 of the Streets and Highways Code BOND REDEMPTION SECTION 7 That this legislative body hereby further declares that said bonds , upon redemption, shall provide for 2 a premium of 50 on the unmatured principal and said language shall be added to the redemption clause in the bond indenture form APPROVED and ADOPTED this 3rd day of August MA R PRO TEMPORE CITY OF HUNTINGTON BEACH STATE OF CALIFORNIA ATTEST CITY CLERK _ CITY OF HUNTINGTON BEACH STATE OF CALIFORNIA 3 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF HUNTINGTON BEACH) I , ALICIA M WENTWORTH, City Clerk of the City of Huntington Beach, California, DO HEREBY CERTIFY that the foregoing Resolution, being Resolution No 4288 , was duly passed, approved and adopted by said City Council, approved and signed by the Mayor, and attested by the City Clerk, all at a regular meeting of said City Council held on the 2nd day of August , and that the same was passed and adopted by the following vote , to wit AYES COUNCILMEN Bartlett, Pattinson, Coen, Gibbs, Siebert, Shenkman NOES COUNCILMEN None ABSENT COUNCILMEN None DATED this 3rd day of August CITY CLERK CITY OF HUNTINGTON BEACH STATE OF CALIFORNIA [SEAL]