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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-65 -93 <br />RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF COLTONj DETERMINING AND AUTH- <br />ORIZING THE PAYMENT OF ASSESSMENT BY <br />INSTALLMENTS <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />COLTON: <br />Pursuant to the discretionary power vested in this <br />City Council, it is hereby determined tha the assessments <br />against the following real property described on the County <br />of San Bernardino Assessment Rolls by Parcel Number as: <br />A. 164-163-18, also commonly known as 840 E. "G" <br />Street, Colton, California, 92324, in the <br />amount of $4,003.73; and <br />B. 160-254-18, commonly known as 1475 Redlands <br />Avenue, Colton, California, 92324, in the <br />amount of $2,777.12; and <br />C. 164-162-23, commonly known as 822 E. Fairway, <br />Colton, California, 92324, in the amount of <br />$3,542.28; and <br />shall be payable in five equal annual installments com- <br />mencing with fiscal year 1992-93 together with interest at the <br />legal rate of seven percent (7%) per annum on the unpaid <br />balance. The annual assessment for fiscal year 1993-94, shall <br />be as follows: <br />Parcel Number <br />Principal <br />Interest <br />Payment <br />Balance <br />164-163-18 <br />$901.75 <br />$280.26 <br />$1,182.01 <br />$3,101.99 <br />160-254-18 <br />$625.53 <br />$194.40 <br />$819.93 <br />$2,151.59 <br />