HomeMy WebLinkAboutReso - CC - 065-1952KWHW:EAW:S:jm 9/18/52/6c
RESOLUTION NO. 65 - 52
DETERMINING THE UNPAID ASSESSMENT LIST AND
PROVIDING FOR THE ISSUANCE OF BONDS
BURLINGAME MANOR NO. 1
PROJECT NO. 51-30
RESOLVED, by the City Council of the City of Burlingame,
California, that
WHEREAS, said Council did on the 2nd day of June, 1952,
adopt its Resolution of Intention No. 28-52 relating to certain
work to be done and improvements to be made in said City under
and pursuant to the provisions of the Municipal Improvement Act
of 1913, as amended, and did therein provide that serial bonds
would be issued. thereunder pursuant to the provisions of the
Refunding Assessment Bond Act of 1935 as modified in the Municipal
Improvement Act of 1913, reference to said Resolution of Intention
being hereby 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, has been
duly published and mailed in the manner provided by law, and the
time so provided for receiving the payment of assessments in cash
has expired, and on September 19, 1952, the City Engineer has file,
with the City Clerk a list of all assessments which now remain
unpaid; and
WHEREAS, the City Council has duly considered said list
and has determined that the same is an accurate statement thereof;
NOW, THEREFORE, IT IS HEREBY RESOLVED, FOUND and DETERMINED
as follows:
1. That said list of assessments unpaid filed by said
City Engineer as aforesaid was at the time of filing thereof in
all respects complete and correct, and that since the time of
filing thereof no assessments have been paid and also that the
unpaid assessments in the proceedings duly had and taken under
N%W
and pursuant to said Resolution of Intention, are as shown on
Fxhibit "P," hereto attached and by reference made a part hereof.
2. That for a particular description of the lots bear-
ing the respective assessment numbers above set forth and upon
which assessments remain unpaid as above stated, severally and
respectively, reference is hereby made to said assessment and to
the diagram recorded in the office of the said Superintendent of
Streets after confirmation by said City Council, the several lots
represented by said assessment numbers above set forth being so
numbered and designated upon said diagram and assessment as so
confirmed and recorded, severally and respectively.
3. That the total or aggregate amount of said assess-
-;,3 fp
ments unpaid is the sum of $24,078.30.
4. That bonds shall be issued upon the security of said
23 t et I rf
unpaid assessments in the amount of $24,078.30 in accordance with
the provisions of the Refunding Assessment Bond Act of 1)35 as
modified in the Municipal T_mprovement Act of 1)13, and tinder anu
pursuant to the provisions of said Resolution of Intention and
the proceedings thereunder auly had and taken; that said bonds
shall be forty-five (45) in number, shall be dated September 1),
1952, and bear interest at the rate of not to exceed four per cent
(4J!) per annum from September 19, 1162, and the denomination of
said bonds and their respective numbers and dates of maturity are
as follows;
Series Bond No.
Denomination
Date of
Maturity
42 1
$1,000.00
July
2, 1)54
2
500.00
July
2, 1954
3
105.22
July
2, 1)54
9a -11
4
1,000.00
July
2, 1'55
5
500.00
July
2, 1955
6
105.22
July
2, 1955
105.22
July
2,
1)56
10 1,000.00
July
2,
1+57
11 500.00
July
2,
1)57
12 105.22
.July
2,
1)57
-2-
Series Bond ho.
Denomination
Late of p'faturit
42 13
$1,000.00
July
2,
1a58
14
500.00
July
2,
1-�58
15
105.22
July
2,
1�58
16
1,000.00
July
2,
19951
17
500.00
July
2,
1)59
18
105.22
July
2,
1y5y
1-
1,000.00
July
2,
1)69
20
500.00
July
2,
1y60
21
105.22
July
2,
160
22
1,000.00
July
2,
1961
23
500.00
July
2,
161
24
105.22
July
2,
1�61
25
1,000.00
July
2,
1362
26
500.00
July
2,
1962
27
105.22
July
2,
1)62
28
1,000.00
July
2,
1963
2
500.00
July
2,
1y63
30
105.22
July
2,
1963
31
1,000.00
July
2,
164
32
500.00
July
2,
1>64
33
105.22
July
2,
1964
34
1,000.00
July
2,
1y65
35
500.00
July
2,
1965
36
105.22
Jul„
2,
1,6
37
1,000.00
July
2,
1j66
38
500.00
July
2,
1y66
39
105.22
July
2,
1966
4o
1,000.00
July-
2,
1967
41
500.00
July
2,
167
42
105.22
July
2,
1y67
43
1,000.00
July
2,
1)68
44
500.00
July
2,
11968
45
105.22
July
2,
1y68
5• rhat said bonds shall be issued in series, and the
paid assessments as shown on said list filed by the City Engineer
and determined by said City Council, together with the interest
thereon, shall remain and constitute a trust fund for the redemp-
tion and payment of said bonds and of the interest which may be
due thereon, which unpaid assessments shall be payable in annual
S-rleg
issued, and an even annual proportion of each assessment shall be
payable in each year preceding the date of maturity for each of
the several series of bonds issued, and such proportion of each
assessment coming due in any year, together with the annual in-
-3-
...
terest 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 times and in the same proportionate
amounts and bear the same proportionate penalties for delinquency.
6. That the signatures of tha Mayor and Treasurer be
impressed upon said bonds by engraved or lithographed process and
that sa_d City Clerk physically sign said bonds and affix thereto
the corporate seal of said City; the interest coupons affixed ther
to shall be signed by said Treasurer or bear his engraved, printed
or lithographed signature; and such signing and sealing of said
bonds by said officers, and signing of said coupons by said Treas-
urer shall constitute and be a sufficient and binding execution of
each and every one of said bonds and all of the coupons thereof
respectively. Sa1d bonds shallbe substantially in the form set
forth in the Refunding Assessment Bond Act of 1J35 as modified in
the Municipal Improvement Act oi' 1')13; said Treasurer and said
Mayor and said Clerk are hereby authorized and directed to so sign
and attest respectively.
7• That the interest coupons attached to each of said
bonds and evidencing the interest to accrue thereon shall be num-
bered consecutively and be substantially in the following form,
to -wit;
Coupon No.
11
CITY OF BURLINGAME
SAN MATEO COUNTY, CALIFORNIA
Will pay to bearer hereof on the 2nd day of
1) at the office of the
Treasurer ol said City, -The sum of
Dollars ($ ) said sum being--EMe semi-
annual interes ue on
hated;
Improvement Bond No.
Of Series No.
Treasurer ol C y o
Burlingame
Mayor
-4 -
I, Herbert K. White, City Clerk, do hereby certify
that the foregoing resolution was introduced. and adopted at
a regular meeting of the City Council, held on the '
day of �e.Ta fI�L , 1952, by the following vote:
AYES, Councilmen:
Bird, Simonds, Love, Morgan, Atwater
NOES, Councilmen: None
ABSENT, Councilmen: None
Herbert K. White
City Clerk
- 5 -
EXHIBIT "A"
LIST OF UNPAID ASSESSMENTS
BURLINGAME MANOR No. 1
PROJECT NO. 51--30
Ass't
Ass'd
Val.
No. _
Lot
Block
Subdivision
Amount
Land
Imprvt
1
1
1
Burlingame Manor. #1
$216.66
525
3720
2
2
1
216.66
525
3840
3
3
1
"
216.66
525
3720
6
6
1
"
216.66
525
324o
9
9
1
216.66
525
10
10
1
"
216.66
525
11
11
1
"
216.66
525
12
12
1
"
216.66
525
13
13
1
if216.66
525
14
14
1
"
216.66
525
15
15
1
if274.44
525
750
17
2
2
11216.66
525
3180
19
4
2
it216.66
525
3180
20
5
2
It
216.66
525
3840
23
8
2
it
216.66
525
1000
25
10
2
11216.66
525
3000
26
11
2
it
216.66
525
2700
28
13
2
"
216.66
525
2310
29
14
2
"
216.66
525
4200
30
15
2
216.66
525
31
16
2
it
525
32
17
2
274.44
525
33
18
2
346.66
525
�..__52-5
35
20
2
447.76
525
36
21
2
418.88
525
37
22
2
346.66
525
38
23
2
"
274.44
525
39
24
2
274.44
525
3690
4o
25
2
274.44
525
41
26
2
274.44
525
2940
44
29
2
274.44
525
2820
45
30
2
216.66
525
1000
46
31
2
216.66
525
47
32
2
{'
216.66
525
3180
49
34
2
it
216.66
525
3180
50
35
2
"
216.66
525
3180
53
2
3
It
216.66
525
3400
54
216.66
525
60
9
3
274.44
525
61
10
3
If
274.44
525
62
11
3
274.44
525
3150
64
13
3
"
274.44
525
2860
65
14
3
274.44
525
2520
66
15
3
274.44
525
69
18
3
It
346.66
525
1000
70
19
3
"
346.66
525
71
20
3
If
418.88
525
4040
72
21
3
If
346.66
525
73
22
3
1 1346.66
525
74
23
3
418.88
525
75
24
3
it
346.66
525
76
25
3
If
274.44
525
78
27
3
it
274.44
525
81
1
4
it
216.66
525
Ass'd Value
Ass it
No.
Lot
Block Subdivision
Amount
L-arm
I,1 rvL
82
2
4 Burlingame Manor #1
$216.66
216.66
525
525
4
4
216.66
525
3540
85
89
5
4
216.66
525
3700
9
4
216.66
525
4080
90
10
4
216.66
216.66
525
525
3810
1
91
11
4
216.66
525
2940
93
13
4
216.66
525
96
5
216.66
525
97
4
216.66
216.66
525
525
l00
7
8
5
5 "
216.66
525
101
105
82
5 "
274.44
525
3240
105 9
16
5
418.88
346.66
525
525
10
17
18
5
5
346.66
525
110
1�-
-21-
-5
- 6
525
4_
-�66
525
±t5
23
5-
5 "
346.66
346.66
525
525
116
118
24
25
5
5
346.66
525
118 0
27
5
346.66
525
3200
121
28
5
418.88
418.88
525
525
2520
123
29
30
5
5
418.88
525
124
3
5
346.66
346.66
525
525
1000
2400
125
12
32
33
5
5
346.66
525
126
A
447.76
375
129
265 ft.
on La Mesa Drive "
491,10
447.76
375
525
130
131
75 ft on La Mesa Drive
330 ft on La Mesa Drive "
491.10
675
106,070
46,050
.2'1o7f-! o