1978 RES NO. 3808 - Laserfiche WebLink

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F . RESOLUTION NO. 3808 RESOLUTION OF THE CITY COUNCIL CALLING FOR- BIDS ON BONDS TO BE ISSUED TO REPRESENT UN- PAID ASSESSMENTS UPON LANDS IN AN ASSESS- MENT DISTRICT CITY OF COLTON WHEREAS, in accordance with the terms and provisions of the "Muni- cipal Improvement Act of 191311, being Division 12 of the Streets and Highways Code of the State of California, this City Council has initiated proceedings for the construction of certain public works .of improvement, together with appurtenances and acquisition, where necessary, in a special assessment district known and designated as ASSESSMENT DISTRICT NO. 78-1 [MT. VERNON AVENUE AND COOLEEY DRIVE, PHASE II] (hereinafter referred to as the "Assessment District"), and, WHEREAS, this City Council: has further determined that serial bonds` shall be issued to finance the costs and expenses of said improve- ments and proceedings, and said bonds shall be issued pursuant to the terms and provisions of the "Improvement Act of lgil", being Division 7 of the Streets and Highways Code of the State of California. NOW, THEREFORE, IT IS HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLTON CALIFORNIA, AS FOLLOWS: SECTION 1. That the above recitals are all true and correct. SECTION 2. That this City Council does hereby call for sealed bids on the bonds proposed to be issued, to be received up to the time specified in the Notice of Sale hereinafter set forth. SECTION 3. That this City Council hereby selects and specifies as' the date of the bonds representing assessments against private property,.the date specified for that purpose in the Notice.of Sale attached hereto;. said date to be the 2nd day of JULY, 1978 or the 31st day after the recordation of the assessment, whichever is later. SECTION 4. That the Notice of Sale relating to the sale of the assessment bonds for the above referenced Assessment District is hereby approved and adopted by this City Council, and a copy of said Notice is on file in the Office of the City Clerk of said City. SECTION 5. That the City will provide, at no expense to the bidder, the unqualified legal opinion of £. MACKENZIE BRONN, Attorney at Luca, attesting to the validity of the pro- ceedings and the enforceability of the bond's.