HomeMy WebLinkAboutReso 2010-121RESOLUTION NO.2010-121
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA ACCEPTING THE DEFERRAL OF
ASSESSMENTS AND ESTABLISHING THE RATE OF
INTEREST OF FIVE PERCENT (5%) PER YEAR AND THE
FINANCING PERIOD OF A MAXIMUM OF TEN YEARS
APPLIED TO THE DEFERRALS FOR GLENHAVEN WAY
ASSESSMENT DISTRICT 2008-01
WHEREAS, pursuant to Resolution No. 2008-277, adopted on December 9, 2008, the
City Council accepted a petition requesting the formation of an Assessment District for
Glenhaven Way (First Avenue to Amy Street) for the purpose of financing the construction of
sidewalk improvements; and
WHEREAS, on December 16, 2008, Council adopted Resolution No. 2008-291 approved
the Preliminary Engineer's Report, adopted a map showing the proposed boundaries for
Assessment District No. 2008-01 (Glenhaven Way) for the proposed Assessment District No.
2008-01, and set the time and place for a public heazing, and ordered the initiation of Assessment
Ballot proceedings; and
WHEREAS, on December 19, 2008 ballots and ballot materials were mailed to property
owners. Property owners were informed that the ballots needed to be received by the City
Clerk's office prior to 4:00 p.m. on February 3, 2009, a public hearing was held on Februazy 3,
2009, and the ballots remained sealed. There was no public testimony, so the hearing was closed
and ballots were tabulated; and
WHEREAS, since more than 50% of the property owners voted in favor of the proposed
assessment, City Council certified the results of the public hearing and assessment district ballot
tabulation, ordered the construction of the improvements and ordered a final assessment
Engineer's Report to be prepazed pursuant to Resolution No. 2009-026, adopted on Februazy 3,
2009; and
WHEREAS, City staff advertised and obtained sealed bids as part of a formal bidding
process for the construction of the improvements and awazded a contract in the amount of
$516,812.25 to the low bidder, Hillcrest Contracting Inc, pursuant to Resolution No. 2009-034
on February 17, 2009; and
WHEREAS, the construction of the improvements is complete; and
WHEREAS, of the total construction costs, only the costs of the concrete driveways and
private improvement relocation are to be assessed to the property owners; and
Resolution No. 2010-121
Page 2
WHEREAS, not all the assessments have been fully paid and the City can collect the
unpaid balance over a maximum period of ten yeazs, together with interest on the unpaid
principal at a rate not to exceed seven percent per yeaz (7%); and
WHEREAS, City staff proposes to chazge five percent interest (5%) for a period of ten
years on the unpaid balances of the assessments.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista
that it accepts the deferral of the assessments and establishes the rate of interest of five percent
(5%) per year and financing period of a maximum of ten years applied to the deferrals for
Glenhaven Way Assessment District 2008-01.
Presented by
Richard A. Hq kins
Director of Public Works
Approved as to form by
Resolution No. 2010-121
Page 3
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 25th day of May 2010 by the following vote:
AYES: Councilmembers: Bensoussan, Castaneda, Ramirez, Thompson and
Cox
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
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Cheryl Cox a or
ATTEST:
Donna R. Norris, CMC, ity Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2010-121 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 25th day of May 2010.
Executed this 25th day of May 2010.
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Donna R. Norris, CMC, City Clerk