HomeMy WebLinkAboutReso 1998-18857 RESOLUTION NO. 18857
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. 93-01 FOR
ALLEY IMPROVEMENTS EAST OF SECOND AVENUE AND
SOUTH OF "J" STREET
WHEREAS, the improvements were financed by the City and AD 93-01 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 benefiting 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 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; and
WHEREAS, although the original cost estimate was approximately $60.86 per lineal
foot of frontage, the final assessment is 28% lower or about $44.09 per lineal foot of
frontage for a revised total assessment of ~52,172.00.
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. 93-
01 for alley improvements east of Second Avenue and south of "J" Street.
Presented by Approved as to form by
Resolution 18857
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 6th day of January, 1998, by the following vote:
AYES: Councilmembers: Moot, Rindone, Salas and Horton
NAYES: Councilmembers: None
ABSENT: Councilmembers: Padilia
ABSTAIN: Councilmembers: None
ATTEST:
Authelet, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 18857 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 6th day of January,
1998.
Executed this 6th day of January, 1998.
Bev~uth;let, City Clerk
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