HomeMy WebLinkAboutReso 2000-160 RESOLUTION NO. 2000-160
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.
96-01
WHEREAS, the Twin Oaks improvements were financed by the City and AD 96-01 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 fired the construction of public improvements; and
WHEREAS, the property owners have an option of paying local assessments during the 30-
day payoff 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 of ten (10) 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. 96-01 for
improvements to Twin Oaks Avenue from Naples Street to Emerson Street.
Presented by Approved as to form by
Jpo P. L' i ' M. Kaheny ~
Resolution 2000-160
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
Califomia, this 16t" day of May, 2000, by the following vote:
AYES: Councilmembers: Davis, Moot, Padilia, Salas, and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ATTEST: Sh~~
Susan Bigelow, City Clerk
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. 2000-160 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 164 day of May, 2000.
Executed this 16th day of May, 2000.
Susan Bigelow, City Clerk~