HomeMy WebLinkAboutReso 1971-6232RESOLUTION NO. 6232
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
AMENDING RESOLUTION NUMBER 5672
The City Council of the City of Chula Vista does hereby resolve
as follows:
WHEREAS, the
No. 5672 giving notice
and improvements to be
of 1911 and amendments
Church Avenue and "E"
Vista, and
City Council did on June 2, 1970 adopt Resolution
of intention to order certain work to be done
made under the provisions of the Improvement Act
thereto in the alley lying between Del Mar and
Street and Davidson Street in the City of Chula
WHEREAS, said resolution in Section 4 thereof contained a
description of the bonds to be issued in said 1911 Act, and
WHEREAS, it is desired to modify said description to conform
with the intent of the City Council.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Chula Vista that Section 4 of Resolution No. 5672, adopted on
the 2nd day of June, 1970 be, and the same is hereby amended in the
following manner and no other:
SECTION 4. Description of Bonds
Serial bonds bearing interest at the rate of seven percent
(70) per annum shall be issued to represent each unpaid assessment of
fifty dollars ($50.00) or more, to represent the expenses of the ac-
quisition, work and improvement, all as provided by the Improvement
Act of 1911, being Part 5, Division 7 of the Streets and Highways Code.
The bonds shall extend over a period ending nine (9) years from the
second day of January next succeeding the next September 1st following
their date. Payments on the principal of the unpaid assessments and
interest thereof shall be made by property owners to the Director of
Finance of the City of Chula Vista, and the same shall be disbursed
by said Director of Finance, all as provided in the Improvement Act of
1911 hereinabove referred to. If said bonds are redeemed before maturity
and before commencement of proceedings for sale, in addition to all other
sums unpaid and accrued a premium of five percent (5%) of the unmatured
principal shall be paid.
Presented by
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Lane F. Cole, Director Public
Works
Approved as to form by
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George D. Lindberg, City Attorney
ADOPTED AND APPROVED by the CITY COUNCIL of the CITY OF CHULA
VISTA, CALIFORNIA, this 5th day of October , 19 71 , by the
following vote, to-wit:
AYES : Councilmen Scott, Hobel, Hamilton, Hide, E~dahl
NAYE5: Councilmen None
ABSENT: Councilmen None
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~', City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I9 JENNIE M;, FULASZ~ City Clerk of the City of Chula Vista;
California,, DO HEREBY CERTIFY that the above and foregoing is a full;
true and correct copy of , and that, the
same has not been amended or repealed,
DATED
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