HomeMy WebLinkAboutResolution 96-134 05/20/1996 Resolution No. 96-134 ~1.C.S.
of the City of Petaluma. California
RESOLUTION APPROVING REASSESSMENT REPORT AND
ORDERING REASSESSMENTS
REASSESSMENT DISTRICT NO. 1996-1
The City Council of the City of Petaluma resolves:
The Engineer of Work filed the written report prescribed by
Section 9523 of the Streets and Highways Code. On the basis of the
information set forth in the Report, this City Council hereby finds
and determines that the three conditions specified by Section 9525
of the Streets and Highways Code are satisfied.
Accordingly, this City Council is authorized to proceed with
approval and confirmation of the report and with authorized
issuance and sale of the proposed refunding bonds without notice to
the affected landowners or hearing on the report.
This Council hereby approves and confirms the Reassessment
Report, including Exhibits A through H thereof.
All assessments originally levied in the following districts
shall be deemed supplanted and superseded. by the reassessments
proposed hereby, except for unpaid installments of principal and
interest due and payable during or before fiscal year 1995-96:
(a) Refunding Assessment District No. l0
(b) Refunding Assessment District No. 14
(c) North McDowell Boulevard Assessment District No. 17
(d) Petaluma Auto Plaza Assessment District No. 19
(e) Assessment District No. 20, Redwood Business Park 2
(f) Southpoint Business Park Assessment District No. 22,
Series A (only)
N~.. .96-13-4._ ,~.cs.
Bonds representing unpaid reassessments, and bearing interest
at a rate not to exceed twelve percent (12%) per annum, shall be
issued in accordance with the terms and conditions of the Refunding
Act of 1984 for 1915 Improvement Act Bonds (the "Act"), and the
last installment of the bonds shall mature no later than September
2, 2011. The reassessments and interest thereon shall be collected
in the manner prescribed by the Act and are subject to
reassessment, amendment, and prepayment, all in accordance with the
provisions of the Act and the related provisions of the Improvement
Bond Act of 1915 which are incorporated therein.
Under the power and authority conferred sspon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approved as to
Council of the City of Petaluma at a (Regular) ~xal) meeting form
on the ..-20th day of ......-°May-•---......................-.. 1~6...., by the ~
following vote: -
..........C1 y....-....
AYES:Magiaire, Hamilton, Stomps, Read, Shea, Vice Mayor Barlas, Mayor Hilligoss
NOES:None ~
ABSENT: None ,V//q,/D
ATTEST: ~~..G...t/ / J ~ `
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City Clerk Ma or
Y i
Onlmcil FileO.._C.__._O._.._.
CA 1085 Res No... M..V,-.LV.'S._... NG.S.