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1990 05 29 CCd_v 1 4 CZOFZZ CITY COUNCIL AGENDA LA QUINTA COMMUNITY CENTER 77-865 Avenida Montezuma La Quinta, California 92253 SPECIAL MEETING May 29, 1990 7:00 P.M. CALL TO ORDER Beginning Res. No. 90-39 a. Roll Call Ord. No. 172 b. Pledge of Allegiance PUBLIC HEARINGS 1. Public Hearing of Protests to Formation of Assessment District No. 90-I for Sanitary Sewer Installation. a) Introduction of Consultants: Fritz Stradling, Bond Counsel Bill Fieldman, Financial Advisor Joe Kicak, Assessment Engineer 2. Consideration of Actions Relative to Assessment District 90-1: a. Adoption of Resolution Making Determinations, Confirming Assessments and Proceedings, and Ordering Proposed Improvements in the Matter of Assessment District No. 90-1. b. Adoption of Resolution Designating the City Treasurer to Collect and Receive Assessments and Directing the City Treasurer to Establish a Special Fund for Assessment District No. 90-1. c. Adoption of Resolution Providing for the Sale of Bonds fbr Assessment District No. 90-1 in an Amount Not to Exceed $ Fixing the Time and Place for Taking Bids, Directing Publication of Notice Inviting Bids and Approving a Preliminary Official Statement. d. Award of Construction Contract for Cove Improvement Project Assessment District No. 90-1. ADJOURNMENT BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v DECLARATION OF POSTING I, Saundra L. Juhola, City Clerk of the City of La Quinta, do hereby declare that the foregoing agenda for the City Council meeting of May 29, 1990 was posted on the outside entry to the Council Chamber, 78-105 Calle Estado and on the bulletin board at the La Quinta Post Office on Friday, May 25, 1990. DZ#ed: May 25Z 990 SAUNDRA L. JUHOLA, City Clerk City of La Quinta, California BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vSTATE OF CALIFORNIA) AFFIDAVIT OF COMPLIANCE WITH 55. THE REQUIREMENTS OF THE COUNTY OF RIVERSIDE) MUNICIPAL IMPROVEMENT ACT OF 1913 FOR POSTING AND MAILING NOTICES IN CONNECTION WITH ASSESSMENT DISTRICT NO. 90-1 Assessment District No. 90-1 The undersigned declares as follows: I am now and at all times hereinafter mentioned was the duly chosen, qualified and acting City Clerk of the City of La Quinta; This Affidavit is made pursuant to Section 10308 of the California Streets and Highways Code; ATTACHED HERETO and made a part hereof are the following affidavits: 1. Affidavit of Posting 2. Affidavit of Mailing 3. Affidavit of Publication The matters set forth in each of said affidavits regarding the time and manner of Posting, mailing and publishing the notices in connection with the proceedings for Assessment District No. 90-1 comply with the requirements of Chapter 4, Division 12 of the California Streets and Highways Code; and I mailed notices of the adoption of the Resolution of Intention, Resolution No. 90-32, to every owner of property assessed by the State under Section 14 of Article XIII of the Constitution proposed to be assessed under said proceedings; said notices were mailed to such owners at the address thereof shown on the last board roll transmitted to the County Auditor. I declare under penalty of per]ury that the foregoing is true and correct. DATED: May 18, 1990 Z ZCity Clerk of the City of La Quinta 04/12/90 9221n/2588/ll F BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vSTATE OF CALIFORNIA) AFFIDAVIT OF POSTING ss. COUNTY OF RIVERSIDE) NOTICE OF IMPROVEMENT Assessment District No. 90-1 The undersigned declares as follows: I am now and at all times hereinafter mentioned was the duly chosen, qualified and acting City Clerk of the City of La Quinta; Pursuant to Resolution No. 90-34 of the City Council of the City of La Quinta and the Municipal Improvement Act of 1913 Division 12 of the Streets and Highways Code), I personally posted or caused to be posted under my direct supervision notices of the passage of the Resolution of Intention, Resolution No.90-32 said notices were headed Notice of Improvement" in letters of not less than one inch 1") in height; a copy of said notice as so posted is ATTACHED HERETO and made a part hereof. Said notices were conspicuously posted at not more than 300 feet in distance apart, but not less than three 3) in all, on all open streets within the assessment district described in said Resolution, said notices were posted by securely fastening the same to posts, poles, streets, standards, fences or walls at approximately eye-level elevation so that they could attract the attention of and be easily readable by passersby; Said posting was commenced after the adoption of said Reso- lution and was fully completed or or before the 4th day of May 1990; said date being at least twenty 20) days before the date fixed in said Resolution for hearing any protests or objections. I declare under penalty of perjury that the foregoing is true and correct. DATED: May18, 1990 n Z /ler]Z the f La Quinta 04/12/90 9224n/2588/ll ci BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vSTATE OF CALIFORNIA) AFFIDAVIT OF MAILING NOTICE 55. OF THE ADOPTION OF THE COUNTY OF RIVERSIDE) RESOLUTION OF INTENTION AND FILING OF MAP OF ASSESSMENT DISTRICT NO. 90-1 Assessment District No. 90-1 The undersigned declares as follows: I am now and at all times hereinafter mentioned was the duly chosen1 qualified and acting City Clerk of the City of La Quinta; I mailed, or caused to be mailed, postage prepaid, a notice of the adoption of the Resolution of Intention, Resolution No. 90-3Z of the City Council of said City to all persons owning real property which is proposed to be assessed to pay any part of the cost of work described in said resolution, whose names and addresses appear on the last equalized assessment roll used by the City for the assessment and collection of City taxes at the addresses shown on said roll or as known to me and also to every owner of property assessed by the State under Section 14 of Article XIII of the Constitution at the addresses thereof shown on the last roll transmitted to the County Auditor of said County; Said mailing was completed May 4 1990, and a copy of said notice of adoption as so mailed is ATTACHED HERETO and made a part hereof; and On the original and one copy of the map of the assessment district, I endorsed my certificate evidencing the date and adoption of the resolution describing the proposed boundaries of such assessment district and I filed the original of said map in my office and thereafter on April 18 1990, filed said copy with the County Recorder of the above-entitled County. I declare under penalty of perZury that the foregoing is true and correct. DATED: May 18 l990ZZA Clerk of the Zty of La Quinta 04/12/90 9223n/2588/ll BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vFieldman, Rolapp & Associates INDEPENDENT FINANCIAL ADVIZORS TO LOCAL Lawrence 0. RoZapp PrincipZ1s MEMORANDUM DATED: 5/23/90 TO: Tom Genovese City of La Quinta FROM: Keith Khorey DATE; May 23, 1990 RE: Assessment District 90-1 1915 Act Improvement Bonds For your review and for use in the agenda package being prepared for the City Coucil meeting scheduled for 5/29, I have enclosed one I) draft copy each of the Preliminary Official Statement and Notice of Sale for the above-referenced issue. Any comments regarding these documents should be transmitted to this office on or before Friday, June 1 Please call Jennifer Twogood or myself with any questions. 2iO() S.E. MAIN STREET SECOND FlOOR IRVINE, CA 92714 714) 66()-85()O FAx 714 474Z8773 2ZZ BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v DZAFT K:L5(),;ZOS9cZ PRELIMINARY OFFICIAL STATEMENT DATED MAY 29, 1990 NEW ISSUE In the opinion of Bond Counsel, based on existing statutes, regulations. rulings. and COurt eCi5iOZ?5 and assumi?lg, among other matters, compliance with certain covenants, intereSt on the Bonds is excluded from gross income for federal income tax purposes and is exempt from State of California personal income taxes. In the opinion of Bond Counsel. interest on the Bonds is not a specific preference item for purposes of the federal individual or corporate alternative minimum taxes although Bond Counsel observes that it is included in adjusted net book income and adjusted current earnings in calculating corporate alternative minimum taxable income. Bond Counsel expresses no opinion regarding other federal income tax consequences relating to the accrual or receipt of interest on the Bonds see the section entitled Bondowners' Risks" herein). CITY OF LA QUINTA NOT TO EXCEED $l,754,631.10l 1915 ACT IMPROVEMENT BONDS Riverside County, California) Limited Obligation Improvement Bonds) Assessment District No.90-i Sanitary Sewer Improvements) Dated: July 2, 1990 Due: September 2, as shown below The Bonds are being issued to finance the cost and expense of the construction and acquisition of certain sanitary sewer system improvements which are part of a larger project that consists of street, storm drain, water and sewer improvements the Project") to serve property located within Assessment District No. 90-1 the Assessment District" or the District") of the City of La Quinta, located in the County of Riverside, California the City", County" and State'. respectively). All of the acquisition and construction of improvements shall be undertaken as authorized under provisions of the Municipal Improvement Act of 1913 Division 12 of the Streets and Highways Code). The Bonds are issued pursuant to provisions of the Improvement Bond Act of 1915 Division 10 of said Streets and Highways Code). The Bonds are issued as fully registered Bonds in the denomination of Z5,000 or any integral multiple thereof except for one Bond due in 1991 which will include the amount by which the principal amount of the issue exceeds the largest integral multiple of Z5,000 contained therein, Interest is payable on March 2, 1991, and semiannually thereafter on March 2, and September 2 of each year. Principal of and premium, if any, on the Bonds will be payable upon presentation by the registered owner or his duly authorized representative at Security Pacific National Bank, Los Angeles, California, Registrar, Transfer Agent and Paying Agent the Paying Agent"). Interest on the Bonds is payable by check or draft mailed to the registered owners thereof as of the 15th day of the month next preceding the interest payment date. The Bonds are subject to redemption on any September 2 or March 2 in advance of maturity upon giving 30 days prior notice and upon payment of the principal and interest accrued thereon to the date of redemption, plus a redemption premium of three percent 30/0) of the remaining principal amount of the Bonds to be redeemed. Under the provisions of the Improvement Bond Act of 1915, installments of principal and interest sufficient to meet annual debt service on the Bonds are included on the regular county tax bills to owners of property against which there are unpaid assessments. These annual installments are to be paid into the Redemption Fund, to be held by the Paying Agent and used to pay debt service on the Bonds as it becomes due. BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v To provide funds for payment of the Bonds and the interest thereon as a result of an\; delinquent installments, the City will cause the Paying Agent to establish a special reserve fund the Reserve Fund") and deposit therein Bond proceeds in the original amount of ten percent 100/0) of the aggregate principal amount of the Bonds the Reserve Requirement") The City has covenanted to review the annual Assessment Records for the District and to commence judicial foreclosure in the event of delinquent installments which reduce the Reserve Fund below the Reserve Requirement. The City has further covenanted to commence the foreclosure proceedings an delinquent parcels within 150 days following such review. If a delinquency occurs in the payment of any assessment installment, the City. at or before the end of the fiscal year of delinquency, has a duty to cause the Paying Agent to transfer into the Redemption Fund the amount of the delinquency out of available funds of the Reserve Fund. This duty of the City is continuing during the period of delinquency, to the extent of funds available in the Reserve Fund, until reinstatement, redemption or sale of the delinquent property. There is no assurance that funds will be available from the Reserve Fund for this purpose and if, during the period of delinquency, there are insufficient available funds, a delay may occur in payments to the owners of the Bonds. The City has elected in the proceedings not to be obligated to advance available funds from the City treasury in the event of a redemption fund deficiency; provided, however, that its election shall not prevent the City from, in its sole discretion, so advancing funds for such purpose as otherwise provided in the 1915 Act. Neither the faith and credit nor the taxing power of the City, tile County, the State of California or any political subdivision thereof, is pledged to the payment of the Bonds. The information set forth in this Preliminar',' Official Statement, including information in the section herein entitled BONDOWNERS' RISKS", should be read in its entirety. ESTIMATED MATURITY SCHEDULE1 MATURITY BONDS INTEREST MATURITY BONDS INTEREST YEAR MATURING RATE YEAR NIATURING RATE 1991 Z 69,631.10 1999 Z]20,000.00 0/0 1992 75,000.00 2000 125,000.00 1993 80,000.00 2001 135,000.00 1994 85,000.00 2002 150,000.00 1995 90,000.00 2003 160,000.00 1996 95,000.00 2004 170,000.00 1997 105,000.00 2005 185,000.00 1998 110,000.00 The Bonds are offered when. as and if isszLed and delivered to the U,2derwriters siZbject to thcZ approval of Stradling, Yacca. Car/son & RaiZth, A Pro fessional Law Corporation. Newport Beach. Ca/i fornia, Bond CoZZnse/. It is expected that the Bonds in definitive form will be available for de/ii'erZ' in Newport Beach, California on or abozZt JulZ' 18.1990. 1. Preliminary. szZbject to cash collection and other appropriate modifications. BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v CITY OF LA QUINTA RIVERSIDE COUNTY, CALIFORNIA CITY COUNCIL John J. Pena, Mayor Dale Bohnenberger, Mayor Pro Tern Dr. William Rushworth Joyce Bosworth Stanley Sniff CITY STAFF Ronald Kiedrowski, City Manager Torn Genovese, Finance Director Dawn Roneywell, City Attorney BOND COUNSEL Stradling, Yocca, Carison & Rauth A Professional Corporation Newport Beach, California ASSESSMENT ENGINEER Kicak and Associates, Inc. Palm Desert, California FINANCIAL ADVISOR Ficidman, Rolapp & Associates Irvine, California REGISTRAR/TRANSFER AGENT/PAYING AGENT Security Pacific National Bank Los Angeles, California BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v TABLE OF CONTENTS PaZe INTRODUCTION...................................................... II. REGIONAL SETTING MAP..............................................3 III. THE BONDS Purpose of the Bonds..............................................4 Authority for Issuance............................................4 Description of the Bonds..........................................4 Redemption of Bonds...............................................4 Refunding Bonds...................................................5 Security For The Bonds............................................5 Obligation of the City Upon Delinquency...........................6 Reserve Fund......................................................7 Covenant to Commence Superior Court Foreclosure...................7 Covenants of the City Regarding Arbitrage and Rebate.......................................................8 Priority of Assessment Lien.......................................8 Special Assessments Article XIIIA and XIIJB of the California Constitution..........................................8 Registration......................................................9 Estimated Annual Debt Service.....................................10 Estimated Annual Debt Service Table...............................10 IV. THE PROJECT Description of Work...............................................11 Estimated Projects Costs..........................................12 Summary of Preliminary Cost Estimates.............................3 Method and Formula of Assessment..................................14 Summary of Assessment Proceedings.................................16 Special Assessment Investigation, Limitation, and Majority Protest Act of 1931.................................17 Disposition of Surplus Funds..................................... V. THE ASSESSMENT DISTRICT The Assessment District...........................................]8 Project Area Maps................................................ Agencies Which Provide Public Uti]ities Within the Assessment District..............................................21 Access to Parcels to be Assessed..................................21 Assessment Roll...................................................21 Environmental Review..............................................45 Prior Fixed Special Assessment Liens..............................45 Property Tax Delinquenc]es........................................45 Assessment District Subsidy/Deferral Program......................45 BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v! NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v" NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v# NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v$ NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v% NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v& NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v' NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v( NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v) NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v* NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v+ NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v, NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v- NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v. 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NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v@ NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vA NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vB NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vC NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vD NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vE NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vF NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vG NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vH NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vI NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vJ NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vK NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vL NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vM NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vN NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vO NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vP NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vQ NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vR NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vS NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vT NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vU NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vV NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vW NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vX NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vY NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vZ NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v[ NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v\ NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v] NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v^ NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v_ NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v` DRAFT NOTICE OF SALE AND BID FORM CITY OF LA QUINTA RIVERSIDE COUNTY, CALIFORNIA ASSESSMENT DISTRICT NO. 90-1 SANITAR V SEWER IMPROVEMENTS) NOT TO EXCEED $1,754,631.10 IMPROVEMENT BONDS IMPROVEMENT BOND ACT OF 1915 Date of Sale July 3, 1990 11:00 A.M., P.D.T. Bids to be received at: Fleldman, Rolapp & Associates 2100 S.E. Main Street Suite 210 Irvine, California 92714 714) 660-8500 BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_va NOTICE OF SALE OF IMPROVEMENT BONDS IMPROVEMENT BOND ACT OF 1915 CITY OF LA QUINTA ASSESSMENT DISTRICT NO.90-i SANITARY SEWER IMPROVEMENTS) NOT TO EXCEED $1,754,63I.10Z NOTICE IS HEREBY GIVEN that sealed proposals will be received and opened by a representative of the City of La Quinta, California the City"), on July 3, 1990, at the hour or 11:00 A.M., P. D. T., in the offices of FIELDMAN, ROLAPP & ASSOCIATES, located at 2100 S.E. Main Street, Suite 210, Irvine, California 92714, for the purchase of not to exceed $l,754,63l.l0Z improvement bonds designated IMPROVEMENT BONDS, ASSESSMENT DISTRICT NO. 90-I" the Bonds"), issued under and pursuant to the Municipal Improvement Act of 1913" and the Improvement Bond Act of 1915". These Bonds will be issued to finance the cost and expense of the construction and acquisition of certain sanitary sewer improvements which are part of a larger project that consists of street, storm drain, water and sewer improvements the *ZProject") to serve property located within Assessment District No.90-i. Proposals for the purchase of the Bonds will be received and considered subject to the following terms and conditions: Issue. NOT TO EXCEED $1,754,631.10'. Proceedings and Authority for Issuance. These proceedings are authorized under the terms and provisions of the Municipal Improvement Act of 1913", being Division 12 of the Streets and Highways Code, for the construction of certain public improvements within the assessment district, including appurtenances, with authorization for the Bonds being pursuant to the provisions of the Improvement Bond Act of 1915", being Division 10 of said Code. The Specia Assessment Investigation, Limitation and Majority Protest Act of 1931", being Di'vision 4 of said Code, has been fully complied with in these proceedings. Denominations. The Bonds will be assumable only as fully registered Bonds in the denomination of any multiple of $5,000, except for one Bond maturing in the first year of maturity which shall include any amount by which the total issue exceeds the maximum integral multiple of $5,000 contained therein. Maturities. The final exact maturity schedule for the Bonds will be determined following the completion of the cash collection period, estimated to end June 29, 1990. After the expiration of the cash collection period and prior to the date of delivery of the Bonds, the actual aggregate amount of Bonds to be issued will be certified by the City Treasurer. The maturity schedule will be arranged so as to provide for approximately level debt service with Bonds maturing on September 2nd of each year commencing in 1991 in multiples of $5,000, except that the first maturity, due September 2, 1991 may be in an amount other than a multiple of 55,000. For the purposes of calculating the best bid for the Bonds, the following Maturity Schedule, which assumes that the Bonds will be issued for the full amount of proposed assessments, shall be used. I. Prelin2iflary. szZhjecI to cash co11ecZioZ al7d oZher appropriate modifications. 77 BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vb CITY OF LA QUINTA ASSESSMENT DISTRICT 90-1 SANITARY SEWER IMPROVEMENTS) MATURITY BONDS MATURITY BONDS YEAR MATURING YEAR MATURING 1991 $69,631.10 1999 $120,000.00 1992 75,000.00 2000 125,000.00 1993 80,000.00 2001 135,000.00 1994 85,000.00 2002 150,000.00 1995 90,000.00 2003 160,000.00 1996 95,000.00 2004 170,000.00 1997 05,000.00 2005 185,000.00 1998 110,000.00 Date of Bonds. The Bonds will be dated July 2, 1990. Interest Rate. The Bonds shall bear interest from their date at a rate or rates to be determined at the sale thereof, but not to exceed the current legal maximum of twelve percent 120/0) per annum. Said Bonds shall be issued in registered form with interest payable semiannually on March 2 and September 2 in each year; the first installment will be for interest from the date of the Bonds to March 2, 1991. Bidders may specify any number of separate interest rates, and any rate may be repeated as often as desired; provided, however, that i) the difference between the highest and lowest rates specified in any bid shall not exceed two and one half percent 2.5%); ii) each interest rate specified must be in a multiple of 1/20 of 1% and a zero rate of interest cannot be specified; iii) each bond shall bear interest from its date to its stated maturity date at the interest rate specified in the bid; iv) all Bonds of the same maturity date shall bear the same rate of interest; v) the interest rate on the Bonds maturing in each year must either be the same as or higher than the interest rate on the Bonds maturing in the previous year; vi) no bid will bc accepted which provides for the cancellation and surrender of any interest payment or for the waiver of interest or other concession by the bidder as a substitute for payment in full of the purchase price in bank funds. Bids which do not conform to the terms of this paragraph will be rejected. Redemption. Any Bond may be redeemed, in any multiple of $5,000, on any March 2 or September 2 prior to its fixed maturity date, at the option of the City Treasurer, upon giving the notice provided in the Improvement Bond Act of 1915" and upon payment of the principal amount thereof and interest accrued thereon to the date of redemption, plus a redemption premium of three percent 3%) of the principal amount redeemed. If less than an entire Bond is redeemed, the Paying Agent shall prepare a Bond for the unredeemed portion which shall be returned to the registered Bondholder. Payment. Both principal and interest are payable in lawful money of the United States of America at the principal corporate trust office of Security Pacific National Bank the Paying Agent"), in Los Angeles, California. Execution and Registration. The Bonds will be executed by the facsimile signatures of the officials authorized to execute the Bonds and authenticated by the Paying Agent prior to delivery. The Bonds will be issued in registered form as to both principal and interest, and are subject to transfer on the books of the City upon proper notice given to the Treasurer or designated Paying Agent. Payment of principal and interest on each Bond shall be made directly to the registered owner thereof. 2 BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vc NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vd NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_ve NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vf NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vg NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vh NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vi NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vjF 7- IJ F;; Li Ci 4' P P'Zi' ZS Z Z R 1Z Z t E; e 3 C: h C Z E F Z-1 PZLSOLUTJZ)N NO RESOLUTION OF THF CITY COUNCIL OF THE CITY OF LA QUINTA DE'iERMINlNCZ UNPAID ASZF.Z;ZMZNTS AND THE ZZNNER OF PAYNLNT TFEZL'OZ AssZsZZient DistL-lCt NoZ 90Zl WHFPEAS, this City Council has taken proceZdings under the flunicipal ImproZienient Act of l9Z3, Division 12 of the California Streets and Highways Code herein Code")1 and by its Resolution No. 90-39 has confirmed an assessment, which assessment and diaZIdm wcZre recorded on May 30, 1990 in the office of the Superintendent of St[f2OtZ and with the County Pecorder of the County of Piverside, and on said date, thZ Notice of Assessment, aZ prescribed in Section 3llZ of Zaid Code, was recorded with the County RecZrder of the County of Riverside, whereupon said asse.5sment. was attached as a lien upon the pZOpCZty assessZd as provided in Section 3115 of said Code; and WHERFAS, said proceedings provided that bonds would be issued puZsuant to the Improvement Bond Act of 1915, DivisiOn 10 of said Code; and WXEREAS, a list of unpaid assessments has been filed in the Office of thZ TZeaZurer 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 arZount of unpaid assesZments is $l,2Z4,796.41; and ZHL'REAS, the bonds proposed to be issued are in the denomination of $5,aoo Zach except bond no 1 which may be in an amount exceedinZ $5,000 but less than $10Z000Z are to be dated July 2, 1990, and bear interest froi their date. The first payment of interest is payable on Md- ich 2, 1991, and thereafter, the interest is payable semiannually on September 2 and March 2 of each yeai:. NOW TZZZLfORE, the City Council of the City of La Quinta DOES HEREZY RL-SOLZE, DETL'RMINZ AND ORDZZ aZ follOwZ. SECTION 1. The unpaid assessments upon the security of which the bonds are to be issued Z detZtZTZif1Cd to be as set forth in the recitals hereuf BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vk NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vl NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vm7 3; 9 13 1314 r E 11 Z Z R Z C) r t Z Z Z C h C Z F' 13 3 REZOLU'XIoN NO. 90- RZSOLUTIQN OF THF CITY C0ZZCIL OZ THZ CITY OF LA QUINTA, CALIFOZNIA, PROVIDING FOR THE ISSUANCE AND SALE OF LIMITZ) OBLIGATION IMZROVEZENT BONDS 0Z SAID CITY, IN AN ACGREGATZ PZrNCIBAL AMOUNT OZ $1,244,796.41 FOR A3SESSMZ'Z r)IZTZICT NO. 90-1 WZEREAS, on April 17, 1990 the City CounZj1 of the City of La QuiZta the City") adopted Zesolution No. 90-32 thZ Z1ReZo1utjon of Zntention") declaring its intention, Z`Zrsuant to the pZOviZions of the Municipal ImproZZernent Act Zf 1913 Division 12 of the Streets and HighwayZ Code of the Ztate of California), to oZQer the Zcquisition of certZjn property and the construction of certain iZproZements, anZ appurtenances and appurtenant Wo1Z and incidental costs and C.\Zpenses in connection therewith and to forni AsZZsZmenZ District No. 90-1 the AZsZssZent DistZict'); and WHFRZAS, by its ReZo1ution No. 90Z39 adopted on May 29, 1990, this Zity Council has authorized the forZZation of the AZZessment DiZti'iZt, has approved a final FncZineer' s Report deZcribing the public inZrovements to be constructed and acZui red pursuant to these proceedings the Z Improvements") and has confirmed the a$b--e,ZZrnent and diaZraZ for the AsseZsment District; and WHEREAS, on Zuly 3, 1990, the. City Council adopted Resolution No. 90- determining thZ assessments remaining(Z unpaid following thZ 30Zday cash payment period; and WHEZEAs, by thZZ Resolution, the City now Wishes to provide for the isZuance of bonds, in the i'ianner pZovidcd in thZ Improvement 13ond Act of 1915 Division 10 of thZ Streets and Highway Zode of the State o California) the Act!!), and Zpecifical1y to provide for the isZsuance of Zucb bonds in a principal amount 0 $1,244,796.41, to represent and be secyirZd by the unpaid assesZments in the A9sessrnent Di striZt thZ Bonds"); WHEREAS, on July 3, 1990, M L. Stern & Co., Inc. the Purchaser") subrrjttZd the bid with the lowest net interest on the Zonds and by ts Resolution No. 90- the City awarded the Zonds to the Zurchaser; and BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vnCZ 7 3' F 4 F j Z S Z` Z R U D 3 1 t F h LZA F'w.ZL, NOW, TZEPEFQRF, the City Council of the Zity of La Quinta, DOES HERZBY FIZfl, D'ZTERMINE, REZOLVZ AND ORDER aZ fZl1oZs: SeZtion 1. Z The aZZeZsnientZ now remaining ZnpZZd aZ deterZined by ReZo1utjorj No. 90- are in the ag(Zre(Zate Zrnount of $1,Z44,796.41. For a partiular description of the lots or pZZcelZ of land beariny the respecti'je Z nZZbers and upon whiZh assessments remain unpaid, seZerZiZy cZnd respectively, referZn,,-Z is hereby made to the assessment+Z. Znd to thZ dZagraZ rZ:ecorded in the office of the Public Works Manager acting as S"Zperintendent of StL-eets. Zection 2. SeriZ7b%ndZ shall be issued upon thZ ZZcui.itv of said unpaid aZsessrnents in the aforesaid amount, in accordance with the pZZviZicnZ of the Act and the proceedings thZreunder duly had and ZaZen. The Zonds shall be issued in one seriZs, in an aZgregate amount of $1Z244,79Z.4j Zach of ZZid ZondZ shall be designated United States of America, ZtatZ of California, County of RjversideZ City of La Quinta, CaliforniZ, Lirnited Obli9ation T.mpro7ement Zond, AssesZnient L)ic.:r.ri.ct No. 90-1" and shall be a Zei:i&l bond of the denomZnaZion of $5,000 each, except bond no. 1 chall be 0 the denomination of Z4,796.47, or aZy iflteZral multiple of $5Z000 over Znd abo"e such amount, herein referred to as the IIBondsZf) ThZ Zc'ndZ Zhall be issuZd and shall mature on September 2 of each year in the principal amounts and at the interest rate" hereafter set forth: YEAR AZWLLT INTZZZST RATZ 1991 $ 59,Z9b.4l 1992 Z Zr)0 0O 5.Z0 1993 Zc)Z000.OO ZZ00 1994 60,000.00 6Z25 1995 c'5.c)00.00 6.Z0 l99Z Z0,O00.0&, 6.50 1997 75,000.00 6.50 l99Z ZO,00o.00 6.50 1999 85,000Z00 Z`50 2000 90,000.00 2001 9$,()O0.00 6.50 2002 10Q,0O0Z00 7.00 2003 l1Z,000.O0 7.00 2004 115,000.00 7.00 2005 125,000.00 7.00 /70 07/03/90 hZOc.. ZZCICj 1 Th Z BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vo0 Zi.* Z 3 2 lZl I_ 4 F E-' i'4 Z 3 Z Z R Z ii r h 3 Z F 1214< Z The BondZ Zhai1 be in the form of fully reqiZtered bonds wZthout couponZ. Ze Bonds shall be dated as of JZly 2, 1990, The BondZ Zhall besZbZtZntially in thZ form set forth in Zxhibit A hereto attached Znd by reference made a part hereof. Section Z. IntereZt. The BondZ shall bear interest at the rates set forth in Sec:tion 2 hereof, and Zuch interest shall be payable Zemiannually on Zarch 2 and September 2 o each year, commencing ZarZh 2, 1Z91. EZch Bond Zhall bear interest from the interest payment date next precedin(j the date of regiZtration thereof un1eZZs: j) it is re';i.Ztered between the 15th day immediately preceding each inteiZ."t paymZflt date the ZZecord DateZ and on or before such interest payment dZte, in which event it shall bear intereZt from such interest payment date, or ii) it is reZistered prior to the first Zecord Date, in which eveZt it shall bear interest from its dated date. Zegistration of Bonds issued upon exZhanZes an'Z transfers of Bonds shall be dated Zo that no gain or loZZ of interest shall reZult from the exchange or transfer. Interest on the Bonds shall be paid by the Paying AZent by *Zheck or draft mailed by first claZ.Z Zail on the intere.Zt payment date to the registered owner of eaZh Bond as his name and address appear on the register kept by the Agent, or at such address as may have been fileZ with the Agent for that purpose, as of the close of busineZ.Z on the Zecord Date. Each Bond hall continue to bear interZ.Zt after maturity at the rZte stated therein to the date of payment, provided that on the date it As presented for payment, pZyinent thereof is rZfused on the sole ground that there is not sufficient money 1-n the Redemptiori Fund hereinafter referred to with which to pay same. If a Bond is not presented at maturity, and there Zs ZutfZcient monZy in th" Pedemption Fund wi t-h which to pay the same, interest thereon shall run only until maturity. Zection 4- Execution and Authentication. ThZ Bonds shall be signed on behalf of the City by the City Treasurer Znd the City ClerZ and the corporate seal of the City shall be atfixed to the Bonds. Such sicinatureZ and corporate seal may be reproduced on the Bonds by en(Zi--aved, printed or lithographed facsimile thereof, and such 5ig1Zing and sealinZ 5hall constitute and be a sufficient and binding execution of each and every one of the BondZ. If any officZr whose signature appears on the Zonds ceases to be such officer before the delivery of the Bonds to the purchaser, such Zignature shall be as valid aZ if such officer remained in office until the delivery oZ the Bonds. /1/ 07/03/90 BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vp NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vq NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vr NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vs NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vt NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vu NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vv NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vw NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vx NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vy NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vz NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v RESOLUTION NO. 9fl-ZZ RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA DECLARING THE INTENT OF THE CITY OF LA QUINTA TO ORDER THE CONSTRUCTION OF CERTAIN IMPROVEMENTS AND TO FORM ASSESSMENT DISTRICT NO. 90-1 AND MAKING CERTAIN FINDINGS AND DETERMINATIONS IN CONNECTION THEREWITH WHEREAS, this City Council wishes to consider ordering the construction of certain improvements and the formation of an assessment district to pay the costs thereof under and pursuant to the provisions of the Municipal Improvement Act of 1913 the Act"); and WHEREAS1 the proposed assessment district, if it is formed, is to be known and designated as Assessment District No. 90-1 the Assessment District"); and WHEREAS1 the proposed boundaries of the Assessment District are shown on a map thereof, which indicates by a boundary line the extent of the territory proposed to be included In the Assessment District, which map is designated Proposed Boundaries of Assessment District No. 90-1" the Map"), and which has been presented to the City Council for approval; and WHEREAS, before ordering the proposed improvements, the City Council is required, under the Act, to adopt a resolution declaring its intention to do so; NOW, THEREFORE, the City Council of the City of La Quinta DOES HEREBY FIND, DETERMINE, RESOLVE, AND ORDER as follows: SECTION 1. The above recitals, and each of them, are true and correct. SECTION 2. This City Council intends to comply with the requirements of the Special Assessment Investigation, Limitation and Majority Protest Act of 1931 by proceeding under Part 7,5 thereof. SECTION 3, The Map is hereby approved, adopted and declared to describe the proposed boundaries of the Assessment District; and it shall govern for all details as to the extent of the Assessment District. The City Clerk is hereby authorized and directed to endorse on the original and on one copy of the Map her certificate, evidencing the date and 7<7 BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vadoption of this resolution, and to file the original thereof in her office and the copy in the office of the County Recorder of Riverside County1 all in the manner and form provided for in Section 3111 of the Streets and Highways Code. SECTION 4. The improvements which the City Council intends to construct the ImprovementsZ) generally include the following: Storm Drain System. The improvements will include installation of reinforced concrete pipe system varying in diameter from 6OZ to 18" diameter. Work shall include construction of manholes, catch basins and junction structures. Water System ImZrovements. The improvements shall include the installation of water mains varying in size from l2Z to 6Z diameter. Installation of fire hydrants. Z and 1 1/2 services and tie-in of the existing system to the system to be constructed with these proceedings. Sanitary Sewer System ImZrovements. These improvements shall include the installation of 8" diameter main, 4Z' diameter laterals to each parcel and construction of manholes and clean-outs as may be required. Work on private property is necessary due to grade changes to provide continued access to individual parcels. Right-of-entry from the property owner where such improvement on private property is required shall be obtained prior to beginning of construction on said private property. SECTION 5. The public interest and necessity require the acquisition and construction of the Improvements, and the Improvements will be of direct benefit to the properties and land within the Assessment District. The City Council hereby declares its intention to order the Improvements, to make the expenses thereof chargeable upon the area included within the Assessment District, and to form the Assessment District. SECTION 6. The City Council further declares its intention to levy a special assessment upon the land within the Assessment District in accordance with the special benefit to be received by each parcel of land, respectively, from the Improvements. There shall be omitted from special assessment all public streets, alleys and places and all land belonging to 9230n/2588/ll 2- j7i BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vthe United States, the State of California, the County of Riverside, the City of La Quinta, the Coachella Valley Water District, or any other public agency of the State of California, which land is now in use in the performance of a public function, SECTION 7. KICAK AND ASSOCIATES INC. is appointed as the Engineer of Work for the Assessment District and is authorized and directed to perform all of the duties and functions of said office as said duties and functions are specified in the Act. The City Engineer is appointed to act as the Superintendent of Streets for the purpose of this proceeding. SECTION 8. The proposed Improvements are hereby referred to the Engineer of Work, and the Engineer of Work is hereby authorized and directed to make and file with the City Clerk a written report with regard thereto, which report shall comply with the requirements of Sections 2961 and 10204 of the Streets and Highways Code. SECTION 9, Serial bonds, bearing interest at a rate not to exceed 12 percent per annum, will be issued hereunder in the manner provided in the Improvement Bond Act of 1915 to represent the unpaid assessments. The principal amount of such bonds maturing each year shall not be an amount equal to an even annual proportion of the aggregate principal amount of the bonds, but rather except as specifically otherwise provided by the City Council In connection with the sale Cf such bonds), shall be an amount which, when added to the amount of interest payable in each year, will generally be a sum which is approximately equal in each year with the exception of the first year and any adZustment required with respect thereto). The last installment of such bonds shall mature a maximum of 14 years from the second day of September next succeeding the first 12 months after their date. Such bonds shall be serviced and collected by the City Treasurer or by such fiscal agent, registrar, or paying agent(s) as the City Council may from time to time designate. SECTION 10. The provisions of Part 11.1 of the Bond Act of 1915, providing an alternative procedure for the advance payment of assessments and the calling of bonds, shall apply. SECTION 11. Except as specifically otherwise provided for herein, the Improvements shall be made and ordered pursuant to the provisions of the Act. 9230n/2588/11 3- BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vSTATE OF CALIFORNIA) AFFIDAVIT OF COMPLIANCE WITH ss. THE REQUIREMENTS OF THE COUNTY OF RIVERSIDE) MUNICIPAL IMPROVEMENT ACT OF 1913 FOR POSTING AND MAILING NOTICES IN CONNECTION WITH ASSESSMENT DISTRICT NO. 90-1 Assessment District No. 90-1 The undersigned declares as follows: I am now and at all times hereinafter mentioned was the duly chosen, qualified and acting City Clerk of the City of La Quinta; This Affidavit is made pursuant to Section 10308 of the California Streets and Highways Code; ATTACHED HERETO and made a part hereof are the following affidavits: 1. Affidavit of Posting 2. Affidavit of Mailing 3. Affidavit of Publication The matters set forth in each of said affidavits regarding the time and manner of posting, mailing and publishing the notices in connection with the Proceedings for Assessment District No. 90-1 comply with the requirements of Chapter 4, Division 12 of the California Streets and Highways Code; and I mailed notices of the adoption of the Resolution of Intention, Resolution No. 90-32, to every owner of property assessed by the State under Section 14 of Article XIII of the Constitution proposed to be assessed under said proceedings; said notices were mailed to such owners at the address thereof shown on the last board roll transmitted to the County Auditor. I declare under penalty of per]ury that the foregoing is true and correct. DATED: May 18, 1990 Z City Clerk of theZCity of La Quinta 04/12/90 9221n/2588/ll j2> BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vSTATE OF CALIFORNIA) AFFIDAVIT OF POSTING ss. COUNTY OF RIVERSIDE) NOTICE OF IMPROVEMENT Assessment District No. 90-1 The undersigned declares as follows: I am now and at all times hereinafter mentioned was the duly chosen, qualified and acting City Clerk of the City of La Quinta; Pursuant to Resolution No. 90-34 of the City Council of the City of La Quinta and the Municipal Improvement Act of 1913 Division 12 of the Streets and Highways Code), I Personally posted or caused to be posted under my direct supervision notices of the passage of the Resolution of Intention, Resolution No.90-32_; said notices were headed Notice of Improvement" in letters of not less than one inch 1") in height; a copy of said notice as so posted is ATTACHED HERETO and made a part hereof. Said notices were conspicuously posted at not more than 300 feet in distance apart, but not less than three 3) in all, on all open streets within the assessment district described in said Resolution, said notices were posted by securely fastening the same to posts, poles, streets, standards, fences or walls at approximately eye-level elevation so that they could attract the attention of and be easily readable by passersby; Said posting was commenced after the adoption of said Reso- lution and was fully completed or or before the 4th day of May 1990; said date being at least twenty 20) days before the date fixed in said Resolution for hearing any protests or objections. I declare under penalty of perjury that the foregoing is true and correct. DATED: May 18_, 1990 F ler]<;y$f<:Quinta 04/12/90 9224n/2588/ll /2Z BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vU CITY OF LA QUINTA U NOTICE INVITING BIDS CONSTRUCTION) U NOTICE IS HEREBY GIVEN that the City Clerk, on behalf of and as authorized by the City Council of the City of La Zuinta hereinafter referred to U as the City"), will receive sealed bids at 78105 Calle Estado, La Quinta, California 92253 in care of the office of the City Clerk, until 10:00 a.m. on Tuesday, May 22, 1990 for the construction of certain public U works of improvement within a special assessment district designated ASSESSMENT DISTRICT No. 90-1. At the time designated for receiving bids on said Project, the bids will U be publicly opened, examined, and read aloud. All bids must be in writing, must be sealed in an opaque envelope, and U addressed to the City, do City Clerk, and delivered or mailed to the City at, 78105 Calle Estado, La Zinta, California 92253 in care of the City Clerk. The envelope shall be plainly marked in the upper left-hand q corner as follows: ATTENTION: CITY OF LA QUINTA, CIO CITY CLERK Bidder's Name and Address) U BID FOR ASSESSMENT DISTRICT NO. 90-1" Any bid received after the hour stated above for any reason whatsoever, U will not be considered for any purpose but will be returned, unopened, to the bidder. U The work and improvements hereinafter mentioned are authorized pursuant to the terms and provisions of the Municipal Improvement Act of 1913, being Division 12 of the California Streets and Highways Code and said work and improvements will be financed with the proceeds of improvement U assessment) bonds to be issued and sold by the City, the proceeds of tax allocation bonds to be issued and sold by the La Zinta Redevelopment U Agency and a contribution to be made by the Coachella Valley Water District. The works of improvement for Assessment District No. 90-1 are generally described as follows: The construction of a storm drain system; street U improvements, including curbs, gutters, paving, cross gutters, driveway approaches, reconstruction of existing driveways and the removal and/or relocation of objects and facilities which, if left in place, would interfere with the function of the street improvements; a sanitary sewer U system including sewer mains and laterals and manholes and cleanouts; a water system; and other appurtenant work as shown on the plans and described within these Specifications. All of the above mentioned work U shall be done strictly in accordance with those certain plans, specifications and drawings contained in a certain preliminary engineer 5 report on file in the office of the City Clerk and certain other contract documents on file in the office of the City Clerk to which report and U documents reference is hereby made for a description of said works and improvements. U U BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vU The work shall be done under he supervision of tZe Director of U Works/City Engineer and no work Zr portion of the work shall be paid until it is approved for payment by Zhe Director of Public Works/City Engineer, but this shall not prevent approval of and payment for completed portions of the work as it progresses. aymenZ made for completed portions U of work shall not constitute final acceptance of these portions or of the completed project. U Each bidder must submit a proposal to the City, 0/0 City Clerk, on standard forms available in the office of the City Clerk. Said proposal is to be accompanied by a cash deposit, a certified or cashier's check, or a U bid bond, made payable to the City, in an amount not less than 10 percent of the total bid submitted. Said cash deposit or check shall be forfeited or said bond shall become payable in the event the bidder depositing the same does not within fifteen 15) calendar days after written notice execute U the Contract. The successful bidder will be required to furnish Jith the Contract a U Faithful Performance Bond in the amount of 100 percent of the contract price, and a Payment Bond in the amount of 100 percent of the contract price. The successful bidder will also be required to furnish certificates of insurance evidencing that all insurance coverage as required by the U Specifications has been so secured. The contractor may, at contractor's sole cost and expense, substitute U securities equivalent to any monies withheld by the City to insure performance under the Contract. Such securities shall be deposited with the City, or a state or federally chartered bank as escrow agent, who shall pay such monies to the contractor upon satisfactory completion of the Contract. Such securities, if deposited by the Contractor, will be valued by the City, whose decision on valuation of the securities shall be final. The contractor shall be the beneficial owner of any securities substituted for monies withheld and shall receive any accrued interest thereon. Securities eligible for investment shall include those listed in Government Code Section l6Z30 and Government Code Section Z590. No such substitution shall be accepted until the escrow agreement, letter of credit, form of security and any other document related to said substitution is reviewed and found acceptable by the City's attorney. The City reserves the right to waive any informalities or irregularities or to reject any or all bids, or any portions of any bid, or to reject and then negotiate the amount and/or terms of any bid with any bidder, and to be the sole judge of the merits of the respective bids received. The award of contract, if made, will be on the basis of the lowest cost to the City to a responsible bidder whose proposal complies with all the prescribed requirements. No bidder may withdraw his bid for a period of ninety 90) days after the bid opening. Contract Documents, including the Plans and Specifications, may be examined at or be obtained at the office of the Public Works Department, City of La Quinta, by paying a fee of $100.00 per set of Contract Documents, which will not be refunded. The Contract Documents will be mailed upon request for an additional non refundable charge of $25.00 per set. U U 2 Mc BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vo Z a 2. 9 a a 3 Z Z C L R Z w r t B c h C A Z a Z NOTICZ QE' IMPROVEKENT Cornbined Notice Zot Special AssZi.rnent Znvestigation, Limitation and Majority Protest Act of 1931 and 1913 Act Report NOTICE IS ME:R!:ZY GIVEN that the land owned Zy you, or in which you are interested, is proposed to be assessed for the construction of proposed public improvements described as follows: Storm Drain System. The improvements will include installation of reinforced concrete pipe system varying in diameter from 60" to lA" diameterZ Work shall include construction of manholes1 catch basins and Zunction structures Water System ImprovemenZ. The improvements shall include the installation of water mains varying in size from 12" to 6" diameter. Installation of fire hydrantZ, Z" and 1 l/2Z services and tie-in of the existing system to the system to be constructed with these proceedings. Sanitary Zewer System Improvements. These improvements shall include the installZtion of Z" diameter main, 4" diameter laterZls to e8ch parcel Znd con5truction of manholes and clean-outs as may be required. Work on private property is neceZsary due to grade changes to provide continued access to individual parcels. Right-of-entry from the property owner where such improvement on private property is required shZll be obtained prior to beginning of conZtruction on said private property. The estimated cost of the improvement above mentioned1 includinZ incidental expenses1 is the sum of $7,907,440.70; the assessed value of the real property within the a5seZsment district is the sum of $91077,a03,00; the estimated true value of parcels within the district is $39,495,584Z00; the total estimated amount of assessments Upon parcels to be assessed for acquisitions or improvements, or both, done or previously ordered is the sum 0 $ none The City anticipates receiving money Zrom Coachella Valley Water District and the La BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v05. 0 2 9 0 0 3 5 Z PZ * SZC L Pt N w p t Z h Z P0'7 Quinta Zedeve1opment Agency to pay a portion of the comt of the improvements and incidental expenses, therefore, the eZtimated amount to be ZZseZsed is $1,754,631.10. NOTICE IS FURTHEZ GIVEN that the City CouZcil of the City of La Quinta adopted its Resolution of Intention on the 17th day of April, 1990 declarinZ its intention to order the conZtruction of the above-described impZovernents for the benefit of a special assessment district known and designated is ASSESSMENT DISTRICT NO. 90-1 hereinafter referred to as the Assessment District"), and on the 17th day of April, 1990, a Zeport", consisting of plans and specifications, an estimate of the costs, and a diagram Cf the proposed assessments, together with an assessment roll, was filed; and on the 17th day of April, 1990, a Resolution was adopted receiving, considering and approving said Report" relating to said works of improvement, and appurtenances as proposed for the above-referenced Assessment District, and for particulars, reference is made to said previously adopted Resolution of Intention. DESCRIPTION OF AZSEZSMENT DISTRICT The said construction of the work and improvements, together with appurtenances as aforesaid, are of more than local or ordinary public benZfit, and the expenses of the work and improvements are chQ-rgeable upon a district, which said Assessment District is hereby declared to be the district benefited and to be assesZed to pay thZ costs anZ expenses thereof, including incidental ZxpenZes and costs, and which is described as followZ All that certain territory included within the exterior boundary lines Zhown on the plat exhibiting the property affected or benefited by or to be assessed to pay the costs and expenses of said work and improvements, which said plat is titled and identified as, PROPOSED EIOUZDARIES OF ASSESSMENT DISTRICT NO. 9oZl, CITY OF LA QUINTA", and which said Map was heretofore apZroved, on file in the office of the City Clerk, and open to inspection. For all particulars as to the boundaries of the Assessment District, reference is hereby made to said Map on file with the transcript of these proceedings. BONDS Serial bonds shall be issued in accordance with Division 10 of the Streets and HighwayZ Code of the State of California ZImprovernent ZQnd Act of 1915") to represent all unpaid asseZsrnents and the last installation of said bonds shall 05/02/90 /iZ 9501n/2585111 2- BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v05. 02. 90 0Z:57 Z *ZZc&R NewZcrt BZh ZA Zoe mZture a maximum of fifteen 15) yeats from the 2nd day of September next succeeding twelve 12) rnonths from their Zate. Said bonds Zha11 bear interest Zt a rate or tates not to eZceed the current legal maximum rate of 12% per annum. A Zeriod of thirty 30) dZya will be allowed Zfter the confirZation of the asses.met>t to pay assessmentZ in caZh or to make payment against said asse8sments. The balance of assessments will then become payable in annual insta1lZents, and serial bonds will be issued bearing interest at S rate or rates to be determined on the sale thereof; provided1 however, that the rate shall not exceed the rnaximum rate as set forth herein above. MUNICIPAL IMPROVEMENT ACT OF 1913" Except as herein otherwise provided for the issuance of bonds, all of said improvements shill be made and ordered pursuant to the provisions of the Municipal Improvement Act of 191311, being DiviZion 12 of the Streets and Highways Code of the StaZe of California. PUBLIC HEARING NOTICE IS HEREBY GIVEN THAT ON THE 29TH DAY OF MAY, 1990, AT ZME HOUR OF 7:00 OZCLOCK P.M. OF SAID DAY, THAT THE COMMUNITY CENTER, 77861 AVENIDA MONTEZUMA, LA QUINTA, CALIFORNIA, 922Z3, CALIFORNIA, IS THE TIME AND PLACE FIXED TO CONSIDER AND FINALLY DETERMINE WHETHER THE ZuZLIC INTEREST AND CONVENZENCE REQUIRE THE IMPROVEMENTS; AND TO CONSIDER AND DETERMINE WHETHER THE OWNERS OF A MAJORITY OF THE AREA OF THE ZRQPERTY IN THE PROPOSEI;) ASSESSMENT ZIZTRICT HAVE PROTESTED AGAINST SAID IMPROVEMENTS, OR ANY POR'I'ION THEREOF; AND TO CONSIDER AND FINALLY ACT ON TFE ENGINEER'S REPORT"; AND TO HEAR ALL PROTESTS RELATING TO SAID PROPOSED ZROCEEDINGS, OR THE GRADES AT WHICM THE WORK SHALL BE DONE, OR THE EXTENT OF THE ASSESSMENT DISTRICT, OR AS TO MAPS AND DESCRIZTIONS, OR THE ESTIMATE OF THE COST AND EXPENSES THEZEOF1 OR THE PROPOSED DIAGRAM OR ASSESSMENT; AND ANY AND ALL ZERSONS INTEREZTED MAY FILE A WRITTEN PROTEST AT OR BEFORE THE TINE SET FOR HEARING REFERRED TO HEREIN. REPORT A Report", consisting of detailed plans, ZpeciZications, maps and descriptions, eZtimate of Cost and expenses, and diagram and asZeZsrrZeZt, has been preparedZ preliminarily 05/02/90 950ln/2Z88/1l 3- BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vZ. Z 2. 9 0 0 3 9 7 P Z S Ir C & ft Z r t Z h C Z P 0 2 NOTICE OF HEARING AND NOTICE OF ADOPTIOZ OF A RESOLUTION OF INTENTION FOR THE CONSTRUCTION OF CERTAIN IMPROVEZNTS Z THE ZENEFTT OF ASSESSZENT DIETRICT NO. 90-1 IN TlZ CITY OP' LA QUINTA Combined Notice for Special Assessment Investigation, Limitation and Majority Protest Act of 1g31 anZ 1913 Act Report NOTICE IS HEREBY GIVEN that the land owned by you, or in which you are Interested, is proposed to be assessed for the construction of proposed public improvements described as follows ZZDrainS stem. The iZproverrZents will include installation of reinforced concrete pipe systeZtZ varying in diameter from 60" to lg'* diameter. WorZ shall include conZtruction of manholes1 catch basins and Zunction structures. Water System Improvements. The iZprovements shall include the installation of water rnains varying in siZe from 12" to 6Z diameter. Installation of fire hydrants. 1" and 1 1/2" services and tie-*in of the Zxi sting system to the system to be constructed with these proceedings. Sanitary Sewer System Improvements. These improvementZ shZ11 include the installation oZ 8" diameter main, 4'Z diameter laterals to each parcel and construction of manholes and clean-outs as may be required. Work on private property is neceZsary due to grade changes to provide continued access to individual parcels. Right-oE-entry from the property owner where such improvement on private property is required shall be obtained prior to beginning of construction on said private property. 7Q BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v0Z. 02. 90 0:3: Z Z *ZZCLft NZwZo r t BZ h CA Z03 Zhe estimated cost of the improvement above mentioned, including incidental expenseZ, is the Zum of $7,907,440.70; the assessed value of the real property within the aBsessment district is the sum of $9,077,8a3.oo; the estimated true value of parcels within the district is $39,495,584.00; the total estimated amount of assessments upon parcels to be assessed for acquisitions or improvements, or both, done or previously ordered is the sum of $ none Tbe City anticipates receiving moZey from CoaZhella Valley Water District and the La Quinta Redevelopment Agency to pay a portion of the cost of the improvements and incidental expenses, therefore, the e5timateZ amount to be a5Zessed i5 Zl,754,631.l0. The estimated amount of the proposed assessment upon your parcel for the Proposed improvement is enclosed herewith. The estimated amount of the proposed assessment is approximate only as it is based upon the stated estimated cost of the improveZents and incidental expenses and is not to be deemed the actual amount which will Ze assessed. NOTICE IS FUZTHER ZIVEN that the City Council of the City of La Quinta adopted its Reso1Ztion of Intention on the 17th day of April, 1990 declaZing its intention to order the construction of the above-described improvements for the benefit of a special assessment district known and designated as AZSZZSMENT DISTRICT NO, Z0-1 hereinafter referred to as the Assessment DiZtrict"), and on the 17th day of April, 1990, a *`Report", consisting of plans and specifications, an estimate of the costs, and a Ziagrarn of the proposed assessments, together with an assessment roll, was filed; and on the 17th day of April, 1990, a Resolution was adopted receiving, considering and approving said Report" relating to said works of improvement, and appurtenances as proposed for the above-referenced Assessment District, and fcr pZrticulars, reference is made to sZid previously adopted Resolution of Intention. DESCRIPTION OF ASSESSMENT DIZTRICT The said Construction of the work and improvements, together with appurtenances as aforesaid, are of more than local or Ordinary public benefit, and tZe expenses of the work and improvements are chargeable upon a district, which said Assessment District is hereby declared to be the disttict benefited and to Zs assessed to pay the costs and expenses thereof, including incidental expenses and costs, and which is described as follows: 9498n/2588/1l BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v05. 02. Z 0 0 Z *Zc & R N w r Z c h CA Z 0 4 All Zhat certain territory included within the exterior boundary lines shown on the plat exhibiting the property affected or benefited by or to be assessed to pay the costs and expenses of said work and iinproveiZents1 which said plat is titled and identified as, PROPOSED ZOUNDARIES OF ASSESSMENT DISTZTCT NO. 90-1, CITY OF LA QUINTA", and which said Map was heretofore approved, on file in the Office of the City Clerk, and open to inspection. Zor all ParticulZrs as to the boundaries of the Assessinerit District, reference is hereby made to said Map on file with the transcript of these proceedings. BONDS Serial bonds shall be issued in Zccordance with Division 10 of the Streets and Highways Code of the Ztate of California Improvement Bond Act of 1Z15") to represent all unpaid ZZseZ5ments and the last installation of said bonds shall mature a maximum of fifteen 15) years from the 2nd day of Septernber next succeeding twelve 12) months from their date. Said bonds shall bear interest at a rZte or rates not to exceed the current legal maxiZum rate of 12% per anZum. A period of thirty 30) days Zill be allowed after the confirmation of the assessment to pay assessments in cash or to make payment against said assessmentZ, The bZlance of assessments will then become payable in annuZl installments, and serial bonds will be issued bearing intZreZt Zt a rate or rates to be detCrmined on the sale thereof; provided, however, that the rate shall not exceed the maximum rate as Zet forth herein above. MUNICIPAL IMPROVEMENT ACT OF 1913' ZxcepZ as herein otherwise provided for the issuance of bonds, all of said improvements shall be mZde and ordered pursuant to the provisions of the *`MunicZpZl Improvement Act of 19l3Z, being Division 12 of the Streets and Highways Code of the Ztate of California. PUZLIC HEARING NOTICE IS HEREBY GIVEN THAT ON THE 29TH DAY OF MAY, 1990, AT THE HOUR OF 7:00 O'CLOCK Z.M. OF SAID DAY, THAT THE COMMUNITY CENTER, 778Z1 AVENIDA ZONTEzUMA, LA QUINTA, CALIFORNIA, 92253 IS THE TIME AND PLACE FIXED TO CONSIDER AND FINALLY DZTERMINE WHETHER THE PUZLIC INTEREST AND CONVENIENCE o5Z02/90 949Zn/25Z8I1l 3- BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v RESOLUTION NO. 90-34 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA APPROVING REPORT AND FIXING TIME AND PLACE OF HEARING PROTESTS TO PROPOSED IMPROVEMENTS Assessment District No. 90-1 WHEREAS, by Resolution No. 90-32 in the proceedings for the formation of Assessment District No. 90-1 this City Council ordered a Report prepared by the Engineer of Work under and pursuant to the provisions of the Municipal Improvement Act of 1913, and, in particular, Section 10204 of the California Streets and Highways Code; and WHEREAS, the Engineer of Work has prepared said Report and filed the same with the City Clerk, and said City Clerk has presented said Report to this City Council for consideration; and NOW, THEREFORE, the City Council of the City of La Quinta DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows: SECTION 1. Said Report be and the same is approved, and the City Clerk is directed to endorse the fact and date of such approval on said Report and to file said Report in the office of said City Clerk. SECTION 2. May 29, 1990, at 7:00 p.m. at the Community Center, 77861 Avenida Montezuma, La Quinta, California 92253, are hereby fixed as the time and place of hearing protests and objections to the said Report. SECTION 3. Said City Clerk shall cause a notice of the passing of said Resolution No. Zp-Zp, the filing of said Report and the setting of the time and place for hearing protests to be posted conspicuously on all the open streets within the proposed assessment district in time, form and manner required by Sections 10302 of the California Streets and Highways Code. Said City Clerk shall also cause a notice similar in substance to the notice described in said Section 10303 to be published once a week for two 2) successive weeks in The Desert Sun, a newspaper of general circulation within the City, as required by Section 10304 of the California Streets and Highways Code. Said City Clerk shall also mail, postage prepaid, notices of 7< BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v the adoption of said resolution and the filing of said Report to all persons owning real property proposed to be assessed whose names and addressed appear on the last equalized county assessment roll or who are known to the City Clerk. Said notices shall be mailed in the time, form and manner required by Secticns 10306 and 10307 of the California Streets and Highways Code. ADOPTED, SIGNED AND APPROVED this 17th day of April, 1990. SEAL) ATTZ: ZTZy Clerk of the Zty of La Quinta APPROVED AS TO FORM: DAWN HONEYWELL, ATTORNEY CITY OF LA QUINTA, CALIFORNIA 9233n/2588/11 2- BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v RESOLUTION NO. gn-Zg RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA APPROVING PLANS AND SPECIFICATIONS FOR IMPROVEMENTS IN ASSESSMENT DISTRICT NO, 90-1 AND AUTHORIZING SUBMISSION OF PLANS AND SPECIFICATIONS FOR BID Assessment District No. 90-1 WHEREAS, the City Council of the City of La Quinta has heretofore adopted its Resolution of Intention, Resolution No. 90-32 to order improvements and to form Assessment District No. 90-1 under the Municipal Improvement Act of 1913; and WHEREAS, plans and specifications for the construction of certain imprQvements for the benefit of the proposed Assessment District No. 90-1 have been prepared anZ submitted to this City Council; and WHEREAS, it appears necessary and desirable to submit said plans and specifications for bid in order to determine the feasibility of the installation thereof; NOW, THEREFORE, the City Council of the City of La Quinta DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows: SECTION 1. The plans and specifications prepared entitled Street Improvement Plans, Sanitary Sewer Improvement Plans, Water System Improvement Plans and Storm Drain Improvement Plans' are approved. SECTION 2. The City Clerk is instructed to submit to contractors said plans and specifications for bid at the time and place as set forth in the notices which appear in said plZns and specifications, and to publish the notices inviting bids for two successive weeks in a newspaper of general circulation within the City. ADOPTED, SIGNED AND APPROVED this 17th ay of April, 1990. Mayor 0 Cit f La OuZnta Z Zity Clerk of the CZy of La Quinta APPROVED AS TO FORM: DAWN HONEYWELL, City Attorney City of La Quinta BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_vSTATE OF CALIFORNIA) 95, 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 Zneeting of said City Council held on the 17th day of April1 1990, and that it was so adopted by the following vote: AYES: COUNCILMAN BOHNENBERGER, BOSWORTH, RUSHWORTH1 SNIFF Z MAYOR PENA NOES: NONE ABSENT: NONE Z Clerk of the City La Quinta SEAL) STATE OF CALIFORNIA) 38. 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. 90-33 of said City Council, and that the saZe has not been amended or repealed: DATED: April 17, 1990. JyZHrkoZZ La Quinta SEAL) 04/12/90 2- 9227n/2588/ll /7Y BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v CITY OF LA QUINTA ASSESSMENT DISTRICT NO. 90-1 INSTRUCTIONS FOR HEARING 1. Mayor announces: The hour of 7:00 oclock p.rn having arrived, this is the time and place fixed for the 1913 Act Assessment Hearing of protests, objections or appeals in respect to the assessment and work under and pursuant to Resolution of Intention, Resolution No. 90-1. 2. City Clerk presents Affidavit of Compliance regarding publication, posting and mailing filed with the City Clerk. 3. Mayor calls upon Bond Counsel to explain the proceedings. 4. Bond Counsel explains the nature of the proceedings: a. Combined Hearing under the Majority Protest Act of 1931 and the 1913 Act; b. Testimony; c. Confirmation of assessments; d. Cash payment period; and e. 1915 Act Bonds Z-.--- Z the written prZts. 6. Mayor calls upon Joe Kicak, the Engineer of Work, to present the final 1913 Act Report and to explain the proposed boundaries of the assessment district, the nature of the work, a general statement that all property within the assessment district will be benefited, and the percentage of area of and within the assessment district represented by written protests. 7. Mayor asks Does any person or his representative, desire to be heard to protest the proceedings?" Hear all persons responding.) 8. Mayor asks: Does any person wish to be heard in favor of the proceedings?" Hear all persons responding.) BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v 9. Mayor calls upon the Engineer of Work to make a statement regarding the benefit of each property where the owner has made a protest if the Engineer of Work has not responded to the protestants during the course of the hearing. 10. If all persons have been heard and there are no other persons present indicating a desire to be heard, the City Council will either close the hearing or adjourn the hearing if any changes in the proceedings which should increase the assessment or add property to the assessment district. If there is no need for an adjourned hearing the City Council will then close the hearing by motion and voice vote. The following actions should be taken: 1. Adopt the resolution confirming assessments. 2. Adopt the resolution designating the City Treasurer to collect assessments. 3. Adopt the resolution authorizing the sale, approving bidders statement and approving the P.0.5. 4. Adopt by motion the award of the construction contract subject to the delivery of the bonds, if applicable. NOTES A. The minutes should shown the names and addresses of all protestants, including a very brief resume of oral objections. B. After the confirmation of the assessment by the City Council, i) the City Clerk, and ii) the Superintendent of Streets should sign the assessment diagram and date it May 30, 1990. On the same date, the Superintendent of Streets will record the diagram and assessment in his office. Appropriate entries will be found on the assessment diagram to indicate recordation. C. On the same date as the filing in the office of the Superintendent of Streets, the City Clerk files a copy of the assessment and diagram in the office of County Recorder. 05/22/90 9797n/2588/1l 2- BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02 d_v NOTEXTPAGE BIB] 12-30-1998-U01 08:31:52AM-U01 BASIC-U01 CC-U02 05-U02 29-U02 1990-U02