HomeMy WebLinkAboutReso - CC - 073-1970Wo,-JL:KJmh 7-29-70-20
RESOLUTION NO. 73-70
A RESOLUTION DETERMINING ASSESSMENTS AND
PROVIDING FOR ISSUANCE OF PORTION OF BONDS
BURLINGAME AVENUE AREA OFF-STREET PARKING DISTRICT
PROJECT NO. 1969-1
FIRST SALE -- $150,000
RESOLVED, by the City Council of the City of Burlingame,
California, that
WHEREAS, this Council did, on October,6, 1969, pass and adopt
its Resolution of Intention No. 79-69 relating to the acquisition
and construction of public improvements in said City under and pur-
suant to the provisions of the Municipal Improvement Act of 19133
and did therein provide that serial bonds would be issued thereunder
pursuant to the provisions of the Improvement Bond Act of 19155
reference to said Resolution of Intention hereby being expressly
made for further particulars;
WHEREAS, notice of the recordation of the assessment and of the
time within which assessments may be paid in cash will be duly pub-
lished and mailed in the manner provided by law, and a list of the
assessments levied in said proceedings is on file in the office of
the City Treasurer;
NOW, THEREFORE, IT IS HEREBY ORDERED, as follows:
1. That the assessments in said List of Assessments and the
aggregate thereof, are as shown on Exhibit "A" hereto attached and
by reference made a part hereof.
2. That for a particular description of the lots bearing
the respective assessment numbers set forth in said list, reference
is hereby made to the assessment and to the diagram recorded in the
office of Superintendent of Streets of said City after confirmation
by this Council, the several lots represented by said assessment
numbers being so numbered and designated upon said diagram and assess-
ment as so confirmed and recorded, severally and respectively.
3. The List of Assessments is in the amount of $273,380.00,
and bonds shall be issued forthwith upon the security of said
amount in the initial amount of $150,000.00, jurisdiction being
reserved to issue remaining bonds to represent the remaining portion
of any unpaid assessments as funds are required for said project, in
accordance with the provisions of the Improvement Bond Act of 1915
(Division 10 of the Streets and Highways Code) and under and pursuant
to the provisions of said Resolution of Intention and the proceedings
thereunder duly had and taken; that said $150,000.00 of bonds shall
be one hundred fifty (150) in number, shall be dated September 2,
1970, shall bear interest from their date at the rate of not to
exceed seven percent (7%) per annum, shall be designated "Series
No, 52, and the denomination of said bonds with their respective
numbers and date of maturity are as shown on Exhibit "B" hereto
attached and made a part hereof by reference thereto.
4. Said bonds shall be issued in series, and the assessments
as shown on said list, and the unpaid assessments thereof as shown
on a list to be filed with the City Treasurer, together with the
interest thereon, shall remain and constitute a trust fund for the
redemption and payment of said bonds and of the interest which may
be due thereon, which unpaid assessments shall be taxable in annual
series corresponding in number to the number of series of bonds
issued, and an annual proportion of each assessment shall be pay-
able in each year preceding the date of the maturity for each of
the several bonds issued, and such proportion of each assessment
coming due in any year, together with the annual interest thereon,
shall in turn be payable in installments as the general taxes of
said City on real property are payable, and shall become delinquent
at the same time and in the same proportionate amounts and bear the
same proportionate penalties for delinquency.
2
5. The bonds shall be executed on behalf of the City and
under its official seal by the Clerk and Treasurer of said City,
and the interest coupons attached thereto shall be executed by said
Treasurer. For such purpose the Treasurer may use an engraved,
printed or lithographed facsimile signature in lieu of signature by
hand. The seal of the City may be affixed to the bonds by printed,
lithographed and other reproduction thereof; and such signing and
sealing of said bonds by said officers, and signing of said coupons
by said Treasurer, shall constitute and be a sufficier_, a d binding
execution of each and every one of said bonds and coupons thereof,
respectively. Said bonds shall be substantially in the form set
forth in the Improvement Bond Act of 1915.
6. The interest coupons attached to each of said bonds and
evidencing the interest to accrue thereon shall be numbered consecu-
tively and be substantially in the following form, to wit:
On the 2nd day of
the CITY OF BURLINGAME, California, will pay to
bearer hereof at the Bank of America N.T. &
S.A., Main Office, San Francisco, California,
Paying Agent of the City, the sum shown hereon,
being interest due on Improvement Bond dated
September 2, 1970, Burlingame Avenue Area
Off -Street Parking District, Project No.
1969-1, First Sale, Series No. 52
Treasurer of the City of Burlingame
19
Coupon No.
Bond No.
7. The City Clerk shall forward to the City Treasurer and
County Controller a certified copy of this resolution.
W
CITY OF BURLINGAME
EXHIBIT "A"
BURLINGAME AVENUE AREA OFF-STREET PARKING DISTRICT
PROJECT NO. 1969-1
LIST OF ASSESSMENTS
Assessment
Assessor's
Amount of
Assessed
Valuation
Number
Parcel No.
Assessment
Land
Impvts
1
29-121-18
$ 570
$ 4,385
$ 3,410
2
29-121-19
570
43385
3,300
3
29-121-20
455
3,510
-
4
29-121-21
455
3,510
-
5
29-121-22
1,14o
8$
6
29-121-23
1,165
83970
7;oi5
7
29-121-2
1,500
11,525
100
8
29-121-25
1,195
9,205
3,115
9
29-121-26
1,205
9,280
3,625
10
29-121-27
1,215
9,36o
1,550
11
29-121-28
1,215
9,36o
1,875
12
29-121-29
24o
9,18o
8,595
13
29-121-30
1,195
9,18o
-
14
29-121-31
1,175
g,025
29100
15
29-121-32
1,165
8,950
6,510
16
29-121-33
1,485
17,120
35,050
17
29-121-34
1,125
8,665
-
18 por
29-121-35
190
(por4,900
-
19 �por;29-121-
0
2,315
(por)40,625
-
20
29-122-1
2,055
15,800
-
21
29-122-2
4,525
34,800
61,400
22
29-122-5
750
8,850
1,765
23
29-122-6
1,16o
81925
805
24
29-122-9
695
8,925
NO
595
25
29-122-10
450
3, 80
4,125
26
29-122-11
530
2,800
27
29-122-12
715
5,500
4,goo
28
29-122-13
1,035
7,945
1,56o
29
29-122-14
1,035
7,945
6,16o
30
29-122-15
1,080
8,285
22,685
31
29-122-16
46o
3,530
5,325
32
29-122-17
46o
3,530
4,885
33
29-122-18
46o
3,530
6,800
34
29-122-19
1,goo
14,625
5,785
35
29-122-22
12700
21,9oo
30,375
36
29-122-23
2,390
18,38o
23015
37
29-122-24
1,555
18,380
95475
38
29-122-25
1,555
18,38o
9,785
39
29-122-26
2,055
15,810
6,530
4o
29-122-27
1,675
1% 790
21,445
41
29-122-28
1,605
18,94o
22,16o
42
279-41-6
5,585
59,750
3,3879730
433
29-122-31
1,16o
8,925
5,550
44
29-122-33
2,295
17,650
193790
46
29-122-35
1,325
10,175
6,300
47
29-122-36
4,550
34,000
173900
51
29-151-10
1,830
1 ,075
-
52
29-151=11
925
7,125
3,�45
53
29-151-12
935
7,185
4, oo
Assessment Assessor's Amount of Assessed Valuation
Number Parcel No. Assessment Land Impvts
54
29-151-13
$ 1,030
$ 7,905
$ 6,500
55
29-151-14
600
4,610
3,440
5776
29-151-15
935
7,7205
2,975
630
4;855
58
29-151-1767
2,355
59
29-151-18
1,4775
11,350
10,810
29-151-22
1,o80
16,530
7,370
63
44
29-151-23
795
6,125
1,000
65
29-151-24
795
6,125
105075
66
29-133-20
1,3300
lo,000
-
69
29-152-5
.845
.6,490
3,035
70
29-152-6
740
5,68o
2,600
71
29-152-7
390
2,985
8,14o
72
29-152-10
610
7,185
5,535
73
29-152-11
1,875
14,435
21,200
74
29-152-12
855
6,56o
4,420
75
29-152-13
610
6,56o
5,o4o
76
29-152-14
1,225
13,125
8,425
77
29-152-15
4045
33,44o
8,425
78
29-152-16
2,885
22,190
7,68o
79
(por)29-152-17
2,805
(por)21,590
10,630
80
29-152-19
2,850
21,935
10,820
81
29-152-20
2,890
22,215
10,970
82
29-152-21
23605
20,055
9,325
83
29-152-22
1,805
13,870
7,665
84
29-152-2
1,625
190220
11,330
85
29-152-N
3,020
23,220
395
88
29-152-27
2,635
203250
ll,76o
90
91
29-153-1
29-153-2
1,3315
86o
10,125
63625
7,970
29,16o
92
29-153-3
910
7,000
19,250
29-153-4
730
55625
-
9
29-153-5
695
5,365
31475
95
29-153-6
36o
23770
-
96
29-153-7
1,955
15,025
13,020
97
29-153-8
750
5,775
1,425
98
29-153-9
855
63570
3,125
99
29-153-10
600
4,610
5,580
100
29-153-11
665
5,125
3,425
101
29-153-12
84o
65455
5,850
102
103
29-201-1
29-201-3
2,330
1,545
22,500
ll,88o
7,255
3,825
lo4
29-2ol-4
1,930
14,850
8,850
105
29-201-5
1,9930
14,850
ll,345
lo6
29-201-6
4,465
34,330
42,350
107
108
29-201-77
29-201-8
23005
2,44o
18, 70
18,78o
9,025
10,665•
log
29-201-9
4,715
36,285
25,88o
110
ill
29-201-10
29-201-11
1,790
2,055
13,750
15,810
5,200
7,855
112
29-201-12
2,220
17,060
123950-
114
29-201-16
590
9,335
-
115
116
29-201-17
29-201-18
1,240
590
19,66o
9,36o
-
49,850
117
29-201-19
3g5
10,500
11,275
830
895
118
29-201-20
370
llg
120
29-201-23
29-201-27
220
21290
1,685
70,250
-
669225
121
29-201-27
4,335
33,340
50,000
1) �
Assessment
Assessor's
Amount of
Assessed
Valuation
Number
Parcel No.
Assessment
Land
Impvts
123
29-201-30
$ 1,795
$ 13,800
$ 7,320
124
29-202-1
4,76o
36,605
43,750
125
29-202-2
2,605
20,o4o
14,450
126
29-202-3
19035
7,970
5,490
127
29-202-4
15005
7,730
9,950
128
29-202-7
2,105
16,200
12,330
129
29-202-6
15990
15,300
140920
130
29-203-2
1,130
8,700
8,390
131
29-203-3
15130
8,700
12,1 5
132
29-203-4
1,130
8,700
9,125
1333T
29-203-5
1,715
1333200
1�+,000
1 ,995
24,300
29-203-6
1,820
135
29-203-77
2,715
20,890
17,735
136
29-203-8
965
215100
73620
137
29-203-9
2,145
16,515
l% 475,
138
29-203-10
1,225
93425
% loo.-
14o
29-2o4-1
1,700
13,o60
10,66o
141
29-2o4-2
925
% 500
6,98o
142
29-2o4-3
1,700
13,o6o
7,145
143
29-2o4-4
1,390
1o,685
11,315
144
29-2o4-5
1,390
lo,685
91800
145
29-2o4-6
2,16o
16,625
25,435
146
29-2o4-12
2,095
17,500
5, 00
147
29-2o4-14
1,140
83750
4,500
148
29-2o4-15
1,250
9,625
goo
149
29-2o4-21
895
6,9oo
% o8o
150
29-204-22
23095
16,125
244,525
154
29-211-1
805'
69200
11,275
156
29-211-3
545
4,185
4,64o
157
158
29-211-4
29-211-5
715
450
53500
3,46o
6,14o
3,425
159
29-211-6
46o
3,555
10,925
16o
29-211-7
435
3,350
12,365
161
29-211-8
2,18o
16,750
17,050. -
162
163
29-211-13
29-211-14
665
48o
5,105
3,690
6,870
59475
164
29-211-15
780
6,000
675
165
29-211-16
530
4,085
-
166
29-211-17
1,olo
7,76o
175525
167
29-211-18
1,010
7,76o
7,050
168
169
29-211-19
29-211-20
1,010
670
7,76o
7,76o
10,290
6,555
170
171
29-211-21
29-211-22
1,010
280
7,76o
23170
5,150
4,240
172
173
29-211-2
29-211-24
120
805
935
60210
2,525
6,255
174
29-211-25
505
3,880
12,68o
175
29-211-26
2,450
18,850
13,715
176
29-211-27
1,730
11,325
25030
177
29-211-28
605
4,655
8,400
179
29-213-1
2,o6o
15,850
10,765
180
29-213-2
48o
3,675
4,8o5
181
29-213-3
1,96o
15,o65
195290
182
29-219-4
3,725
28,665
23,26o
1833
184
29-221-2
29-221-4
1;950
650
155,000
�+,990
1,830
185
29-221-5
355
4,375
1,355
Assessment Assessor's Amount of Assessed Valuation
Number Parcel No. Assessment Land Impvts
186 29-222-1 $ 1,365 $ 10,500 $ 8,9 0
187 29-222-2 1,14o 8,750 11,NO
188 29-222-3 1,14o 8,750 8,675
189 29-222-4 11025 7,875 ,375
190 29-222-5 2,615 20,125 2�,700
191 29-222-6 885 6,790 -
192 29-222-8 885 6,790 4,950
193 29-222-9 4555 6,790 30000
194 29-222-10 1,140 8,750 24,350
196 29-224-1 1,250 99,625 11,170
197 29-224-2 665 $,750 8,64o
1988 29-224 1,140 8,750 1,700
199 29-224-3-4 1,14o 8,750 19,580
200 29-224-5 1,14o 8,750 3,225
201 29-224-6 19250 9,625 2,790
202 29-224-17 685 5,250 1,38o
203 29-224-18 570 4,375 1,255
2o4 29-224-19 720 53555 1,950
205 29-224-20 565 4,33o 1,505
2o6 29-224-21 855., 6,56o 3,870
207 29-224-22 855 6,56o 25515
209 29-231-1 805 6,185 2,025
210 29-231-2 730 53625 3,115
211 29-231-3 730 5,625 1,765
212 29-231-4 730 5,625 6,805
2133 29-231-5 1,535 ll,810 99,600
214 29-232-33 19040 8,015 4,305
215 29-232-4 11090 8,375 3,970
216 29-232-5 13125 8,665 -
2177 29-232-16 1,375 223000 10,575
218 29-233-1 6,455 539210 473845
$ 273,380 $ 2,363,44o $ 5,2o6,47o-
EXHIBIT "B"
Bond
Numbers*
Annual
Series (both
Inclusive)
Principal
Date of
Maturity
1
- 5
$ 5,000
July
2,
1973
6
- to
5,000
July
2,
1974
11
- 15
5,000
July
2,
1975
16
- 20
5,000
July
25
1976
21
- 25
5,000
July
2,
1977
26
- 30
55000
July
2,
1978
31
- 35
5,000
July
2,
1979
36
- 4o
55000
July
25
1980
41
- 45
5,000
July
2,
1981
46
- 50
55000
July
25
1982
51
- 55
55000
July
2,
1983
56
- 60
5,000
July
2,
1984
61
- 65
5,000
July
2,
1985
66
- 7o
55000
July
25
1986
71
- 75
53000
July
2,
1987
76
- 8o
5,000
July
2,
1988
81
- 85
5,000
July
2,
1989
86
- 90
55000
July
2,
1990
91
- 100
10,000
July
2,
1991
101
- 110
10,000
July
25
1992
111
- 120
105000
July
2,
1993
121
- 130
105000
July
25
1994
131
- 140
lo,000
July
2,
1995
141
- 150
105000
July
2;
1996
* each bond in the denomination
of $1,000.
I hereby certify that the foregoing is a full, true and
correct copy of a resolution duly passed and adopted by the
City Council of the City of Burlingame, California, at a meeting
thereof held on the third day of "%',xjust ,
by the following vote:
AYES, and in favor thereof, Councilmen: Anstrup, Crosby, Johnson,
Martin
NOES, Councilmen:
ABSENT, Councilmen:
APPROVED:
None
Mannini
city clerx orp rh^e� city o_ Burlingame