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HomeMy WebLinkAboutAgenda Statement 1973/03/20 Item 10 AGENDA ITEM N0. [ 10 ] CHULA VISTA CITY COUNCIL MEETING OF: MARCH 20 , 1973 ITEM TITLE: Resolution - Giving Notice of Filing of Assessment and Setting April 10,1973 at 7:00 P.M., Council Chambers as the Time and Place for Hearing Protests Thereon, 1911 Block Act, Phase XV INITIATED BY: Director of Publ i c Works/Superintendent of Streets uorur,RnrrNn In connection with the report by the Superintendent of Streets of the costs of construction and work done, the spread of assessment was pre- pared. It is recommended to secure the repayment of funds advanced by the City through the imposition of liens in accordance with Section 5895 of the Streets and Highway Code upon the properties subject to the follow- ing conditions: 1. The City will undertake the collection of 2. Simple interest at the rate of seven per be added to any unpaid balance. 3. Payments may be made in a maximum of ten ATTACHED: Resolution [X] Ordinance [ ] assessed amounts. cent (7%) per annum shall (10) annual installments. Agreement [ ] Plat [ ] See EXHIBITS [X~] No. 1,2 Financial statement: Contract Cost - $1 ,499.20 (Capital Improvement Program Incidental Expenses - $700.00 (General Fund) Total Cost - $2,199.20 700.00 Incidental Expenses to be Borne by City - $ Total Assessment - $1,499.20 Commission-Board Recommendation: N.A. Department Head Recommendation: City Council approve notice of filing of assessments and setting April 10:,1973 at 7:00 P.M. in the Council Chambers as the time and place for hearing protests thereon, 1911 Block Act, Phase XV. City Manager Recommendation: Concur ~~ 7~~