HomeMy WebLinkAboutReso 1971-6115RESOLUTION DIO. 6115
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
AMENDING RESOLUTION NO. 5671
The City Council of. the City of Chula Vista does hereby resolve
as follows:
WHEREAS, the City Council did on June 2, 1970 adopt Resolution
No. 5671, giving notice of intention to order certain work to be done
and improvements to be made under the provisions of the Improvement Act
of 1911 and amendments thereto in Arizona Street, east of Broadway, and
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. 5671, 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 bearinq interest at the rate of seven percent (7%)
per annum shall be issued to represent each unpaid assessment of fifty
dollars ($50.00) or more, to represent the expenses of the acquisition,
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
L n F. Co e, Director of
Public Works
Approved as to form by
George Lindberg, City Attor ey
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ADOPTED AND APPROVED by the CITY COUNCIL. of the CITY OF CHULA
VISTA, CALIFORNIA, this 13th day of July , 19 71 , by the
following vote, to-wit:
AYES : Councilmen Scott, Hobel~ Hamilton
NAYES: Councilmen None
ABSENT : Councilmen Hyde, Egdahl
,~.~'~i 2, -~-~-~ .~w ~z , _ ~~~-~
Mayor of the City of Chula Vi ;:a
ATTEST ~ '
•City Cler
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
IF JENNIE M~, FULASZ~ City Clerk of the Ci~y of Chula Vista,:
California, DO HEREBY CERTIFY that the above and foregoing is a full;
true and correct copy of ~ and th~.t the
same has not been amended or repealed„
DATED
..~-~-~-r~. Cit.y Clerk ..~~..,s~._,_~_~
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