HomeMy WebLinkAboutReso 2000-139 RESOLUTION NO. 2000-139
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA ADOPTiNG A NOTICE OF LIEN TO LEVY AND
COLLECT ASSESSMENTS FOR ASSESSMENT DISTRICT NO.
97-01
WHEREAS, the Oxford Street improvements were financed by the City and AD 97-01 was
formed pursuant to the 1911 Block Act to obtain reimbursement for the improvement and other
miscellaneous costs in accordance with Council Policy Number 505-01; and
WHEREAS, the Act is a financing mechanism which authorizes local agencies to impose
assessments on benefitting properties to fund the construction of public improvements; and
WHEREAS, the property owners have an option of paying local assessments during the 30
day pay-off period following confirmation of assessments; and
WHEREAS, if the assessments are not paid during that time or are deferred, the City will
collect the unpaid balance in semiannual installments over a period often years at an interest rate
of 7% per annum; and
WHEREAS, property owners may pay the balance of their assessments at any time during
the ten year repayment period without penalty.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby adopt a Notice of Lien to levy and collect assessments for Assessment District No. 97~01 for
improvements to Oxford Street from Fourth Avenue to Fifth Avenue.
Presented by Approved as to form by
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Jo soh M. ,)
Public Works Director City Attorney
Resolution 2000-139 ~_
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
Califomia, this 2"d day of May, 2000, by the following vote:
AYES: Councilmembers: Davis, Moot, Padilla, Salas, and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Shirley HortX~ayor
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, Califomia, do hereby certify that the foregoing
Resolution No. 2000-139 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 2na day of May, 2000.
Executed this 2"d day of May, 2000.
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Susan Bigelow, City Clerk