CC Resolution 1989-041^#9 RESOLUTION NO. 89-41
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LA QUINTA DETERMINING UNPAID ASSESSMENTS, THE
MANNER OF PAYMENT THEREOF, LISTING THE BONDS TO
BE ISSUED ON THE SECURITY THEREFOR, AUTHORIZING
THE FILING OF AN ADDENDUM TO THE NOTICE OF
ASSESSMENT AND DETERMINING THE ASSESSMENT FOR
ADMINISTRATION COSTS
Assessment District No. 88-i
WHEREAS, this City Council has taken proceedings under the
Municipal Improvement Act of 1913, Division 12 of the
California Streets and Highways Code herein Code"), and by
its Resolution No. 89-19 has confirmed an assessment, which
assessment and diagram were recorded on February 1*, 1989 in
the office of the Superintendent of Streets and with the County
Recorder of the County of Riverside, and on said date, the
Notice of Assessment, as prescribed in Section 3114 of said
Code, was recorded with the County Recorder of the County of
Riverside, whereupon said assessment was attached as a lien
upon the property assessed as provided in Section 3115 of said
Code; and
WHEREAS, said proceedings provided that bonds would be
issued pursuant to the Improvement Bond Act of 1915,
Division 10 of said Code; and
WHEREAS, a list of unpaid assessments has been filed in the
Office of the Treasurer of the City pursuant to Section 8620 of
said Code and the Superintendent of Streets has listed all of
the assessments as unpaid and that the aggregate amount of
unpaid assessments is $855,984.36; and
WHEREAS, pursuant to Section 8687 of the Streets and
Highways Code, the Treasurer shall record an addendum to the
Notice of Assessment which shall state that the recorded
assessment against the identified parcel or parcels has been
paid in full and that the associated lien against those parcels
has been fully discharged; and
WHEREAS, the bonds proposed to be issued are in the
denomination of $5,000 each, are to be dated the date of
delivery to the purchaser thereof, and bear interest from their
date. The first payment of interest is payable on
September 2, 1989, and thereafter, the interest is payable
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^#9semiannually on March 2 and September 2 of each year. Said
bonds shall mature on September 2 in the amounts and years as
follows:
YEAR AMOUNT YEAR AMOUNT
1990 $35,984.36 1997 $55,000.00
1991 $35,000.00 1998 $60,000.00
1992 $40,000.00 1999 $65,000.00
1993 $40,000.00 2000 $65,000.00
1994 $45,000.00 2001 $70,000.00
1995 $50,000.00 2002 $75,000.00
1996 $50,000.00 2003 $80,000.00
2004 $90,000.00
NOW THEREFORE, the City Council of the City of La Quinta
DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows:
SECTION 1. The unpaid assessments upon the security of
which the bonds are to be issued are determined to be as set
forth in the recitals hereof.
SECTION 2. Said unpaid assessments shall be payable in
the manner provided in Sections 8680 et seq. of said Code and
shall be payable in the manner and at the same time and in the
same installments as the general taxes of the City on real
property are payable. Pursuant to Section 8682 of said Code, a
copy of this resolution and a copy of the list of unpaid
assessments, filed in the office of the Treasurer of the City,
shall be filed in the office of the County Auditor of Riverside
County, California. Said County Auditor shall enter in his
assessment roll on which taxes will next become due the amount
coming due the fiscal year covered by the applicable assessment
roll pursuant to Sections 8680 et seq. of said Code.
SECTION 3. Bonds representing the unpaid assessments
shall be issued in the manner set forth in the recitals hereof.
SECTION 4. The Treasurer of the City is directed to
record in the office of the County Recorder, County of
Riverside, an addendum to the Notice of Assessment which shall
state that the recorded assessments against the identified
parcel or parcels have been paid in full.
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^#9 PASSED AND ADOPTED by the City Council of the City of
La Quinta at a regular fleeting held * 1989.
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^#9 STATE OF CALIFORNIA
ss.
COUNTY OF RIVERSIDE
I, SAUNDRA JUHOLA, City Clerk of the City of La Quinta, do
hereby certify that the foregoing resolution was duly adopted
by the City Council of said City at a regular meeting of said
City Council held on the*** day of * 1989, and that
it ws so adopted by the following vote:
AYES: Council Members Bohnenberger, Bosworth, Rushworth,
Sniff and Mayor Pena
NOES: None
ABSENT: None
ity Clerk of e City of
La Quinta
SEAL)
STATE OF CALIFORNIA
ss.
COUNTY OF RIVERSIDE
I, SAUNDRA JUHOLA, City Clerk of the City of La Quinta, do
hereby certify that the above and foregoing is a full, true and
correct copy of RESOLUTION NO.89-4,1 of said City Council, and
that the same has not been amended r repealed.
DATED: March27_, 1989
ty Clerk of the ty of
La Quinta
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