HomeMy WebLinkAboutCity Council - 5924 RESOLUTION NO. 5924
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HUNTINGTON BEACH MAKING APPOINTMENTS TO ASSESSMENT
DISTRICT NO. 88-1 (RESERVOIR HILL)
WHEREAS, the City Council of the City of Huntington Beach is
considering the formation of a special assessment district ,
pursuant to the terms and provisions of the "Municipal
Improvement Act of 191311 , being Division 12 of the Streets and
Highways Code of the State of California, for the construction
of certain public works of improvement, together with
appurtenances and appurtenant work , said special assessment
district to be known and designated as Assessment District No.
88-1 (Reservoir Hill ) , (hereinafter referred to as the
"Assessment District" ) ; and
At this time, this legislative body is desirous of making
the required appointments and designating persons to perform
certain duties, in order to allow the proceedings to go forward
to completion in accordance with the provisions of law.
NOW, THEREFORE, IT IS HEREBY RESOLVED by the City Council of
the City of Huntington Beach as follows:
Section 1 . That the above recitals are all true and
correct .
Section 2 . That the City Engineer is hereby appointed to
perform all of the duties and functions of the Superintendent of
Streets as said duties are specified and designated in the
"Municipal Improvement Act of 191311 , being Division 12 of the
Streets and Highways Code of the State of California, for the
above-referenced Assessment District.
- 1 -
Section 3 . That the place for recordation of the
assessment roll and diagram shall be in the Office of the
Superintendent of Streets, and said assessment roll and diagram,
upon recordation, shall be kept as a permanent record.
Section 4 . That the Daily Pilot is hereby designated as
the newspaper for all publications as required by law and as
necessary for completion of this Assessment District .
Section 5 . That Black & Veatch is hereby appointed the
Engineer of Work and Assessment Engineer for said proceedings,
and shall perform all of the duties and responsibilities as set
forth by law as they relate to said Assessment District .
Section 6 . That Brown & Diven, Attorneys at Law, are
hereby appointed to act as Bond Counsel for the purposes of
preparing proceedings and issuing an approving opinion attesting
to the validity of the proceedings and the enforceability of the
bonds .
PAGE END
%1012 - 5924
Section 7 . That Fieldman, Rolapp & Associates is hereby
appointed as Financial Consultant and appointed to interview
underwriters and investors for the purposes of selling the bonds
to be issued in order to finance said proceedings, and said
bonds are to be issued pursuant to the terms and provisions of
the "Improvement Bond Act of 191511 , being Division 10 of the
Streets and Highways Code of the State of California, pursuant
to the terms and conditions of the Agreement for Financial
Consultant Services submitted herewith, which Agreement is
hereby accepted and authorized for execution.
Section 8 . That this legislative body hereby establishes
a special Improvement Fund designated by the name and number of
the Assessment District, and into said fund shall be placed all
proceeds from the sale of bonds and cash collections. In order
to expedite the improvements or acquisition under these
proceedings and as authorized by law, funds from any available
source may be transferred into said special fund . Any funds
transferred are a loan to the fund and shall be repaid out of
PAGE END
- 3 - 5924
the proceeds of the sale of bonds, including authorized
incidental expenses, as well as costs for the construction of
the authorized public improvements, all as required and
authorized by law, and specifically Section 10210 of the Streets
and Highways Code of the State of California .
PASSED AND ADOPTED by the City Council of the City of
Huntington Beach at a regular meeting thereof on the 19th day
of September , 1988 .
Ma or
ATTEST: APPROVED AS TO FORM:
'City Clerk City Attorney
REVF,,D AND A P VED: INITIATED AND APPROVED:
City Admin tr for Directo of Public Works
be
i
_ 4 _ 5924
Res, No. 5924
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, CONNIE BROCKWAY, the duly appointed, qualified City
Clerk of the City of Huntington Beach, and ex-officio Clerk of the
City Council of said City, do hereby certify that the whole number of
members of the City Council of the City of Huntington Beach is seven;
that the foregoing resolution was passed and adopted by the affirmative
vote of at least a majority of all the members of said City Council
at a regular meeting thereof held on the 19th day
of September 19 88 , by the following vote:
AYES: Councilmembers:
Kelly, Green, Finley, Mays, Winchell
NOES: Councilmembers:
Erskine, Bannister
ABSENT: Councilmembers:
None
City Clerk and ex-officio Clerk
of the City Council of the City
of Huntington Beach, California