CC Resolution 1998-127d_W! RESOLUTION NO.98-127
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF LA QUINTA, CALIFORNIA DETERMINING UNPAID
ASSESSMENTS IN THE ASSESSMENT DISTRICT NO.97-i LA QUINTA NORTE)
AND THE MANNER OF PAYMENT THEREOF AND LISTING
BONDS ISSUED ON THE SECURITY THEREOF
WHEREAS, this Council has taken proceedings under the Municipal Improvement
Act of 1 913, Division 12 of the Streets and Highways Code the Code"), and has
confirmed an assessment which was recorded in the office of the Superintendent of
Streets, and the Assessment Diagram and Notice of Assessment which were recorded
in the office of the County Recorder of Riverside County; and
WHEREAS, the proceedings provided that bonds would be issued pursuant to
the Improvement Bond Act of 191 5, Division 10 of the Code the Bonds"); and
WHEREAS, a list of unpaid assessments has been filed with the City Clerk
pursuant to Section 8620 of the Code, following the expiration of the cash collection
period on October 23, 1998; and
WHEREAS, this Council has, pursuant to Section 8650.1 of the Code,
established the denomination of the Bonds and the amounts to mature each year
which is other and different than that provided in Section 8650 of the Code; and
WHEREAS, the Bonds are to be a combination of serial and term bonds
numbered in consecutive numerical order. The Bonds are to be dated the date of their
delivery. The first payment of interest is payable on March 2, 1 999, and thereafter
the interest is payable semi-annually on September 2 and March 2 of each year. The
bonds shall mature on September 2 in the amounts and years and bear interest from
their dates at the rates to be established in the purchase contract for the Bonds.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LA QUINTA DOES
HEREBY RESOLVE, DETERMINE, AND ORDER AS FOLLOWS:
SECTION 1. The unpaid assessments which provide the security for the Bonds
which are to be issued are determined to be as set forth in the recitals hereof.
SECTION 2. The unpaid assessments securing the Bonds shall be payable in the
manner provided in Section 8680 ile of the Code and shall be payable in the same
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 the Code, a certified
copy of this resolution and a copy of the list of unpaid assessments shall be filed by
the City Clerk and the office of the Auditor/Controller of Riverside County, California.
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The County Auditor shall enter in his assessment roll on which taxes will next become
due the amount coming due during the fiscal year covered by the applicable
assessment roll pursuant to said Section 8682.
PASSED, APPROVED and ADOPTED this 3rd day of November, 1 998 by the
following vote:
AYES: Council Members Adolph, Henderson, Perkins, Sniff, Mayor Pena
NOES: None
ABSENT: None
ABSTAIN: None
City of La Quinta, California
ATTEST.
I;RAL?uHityClerk
City of La Quinta, California
APPROVED AS TO FORM:
yL
DAWN C. HONEYWELL? City Attorney
City of La Quinta, California
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STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
CITY OF LA QUINTA
I, SAUNDRA L. JUHOLA, City Clerk of the City of La Quinta, California, do
hereby certify that the foregoing Resolution No. 98-1 27 is a full, true and correct copy
as adopted by the City Council on November 3, 1 998.
Dated: November 5, 1998
*SAUNDRA L JUHOLA, City Clerk
City of La Quinta, California
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