HomeMy WebLinkAboutCC Resolution 9770 (Reassessment Report & Ordering Reassessments)f
RESOLUTION NO. 9770
RESOLUTION APPROVING REASSESSMENT REPORT AND
ORDERING REASSESSMENTS
REASSESSMENT DISTRICT NO. 1997-1
The City Council of the City of San Rafael resolves:
The Reassessment Engineer filed the written report
prescribed by Section 9523 of the Streets and Highways Code. On
the basis of the information set forth in the Report, this City
Council hereby finds and determines that the following three
conditions specified by Section 9525 of the Streets and Highways
Code are satisfied:
(a) annual installment of debt service (principal and
interest) will be decreased;
(b) maturity of bonds has not been extended; and
(c) the principal amount of the reassessment does not
exceed the principal unpaid amount of the original
assessment.
Accordingly, this City Council is authorized to proceed with
approval and confirmation of the report and with authorized
issuance and sale of the proposed refunding bonds without notice
to the affected landowners or hearing on the report.
This Council hereby approves and confirms the Reassessment
Report, including all exhibits.
All assessments and reassessments originally levied in the
following districts shall be deemed supplanted and superseded by
the reassessments proposed hereby, except for unpaid installments
of principal and interest due and payable during or before fiscal
year 1996-97:
(a) Civic Center - Northgate Refunding Assessment District
(b) Kerner Boulevard Refunding Assessment District
(c) Sun Valley Open Space Assessment District
Bonds representing unpaid reassessments, and bearing
interest at a rate not to exceed twelve percent (12%) per annum,
shall be issued in accordance with the terms and conditions of
the Refunding Act of 1984 for 1915 Improvement Act Bonds (the
"Act"), and the last installment of the bonds shall mature no
later than September 2, 2011. The reassessments and interest
thereon shall be collected in the manner prescribed by the Act
and are subject to reassessment, amendment, and prepayment, all
in accordance with the provisions of the Act and the related
011101 P AL
q -1-10
provisions of the Improvement Bond Act of 1915 which are
incorporated therein.
I, JEANNE M. LEONCINI, Clerk of the City of San Rafael,
California, hereby certify that the foregoing resolution was duly
and regularly introduced and adopted at a regular meeting of the
Council of said City held on the 6th day of January, 1997, by the
following vote, to wit:
AYES: COUNCILMEMBERS: Miller, Phillips & Mayor Boro
NOES: COUNCILMEMBERS: None
ABSENT / COUNCILMEMBERS: Cohen & Heller (due to conflict of interest)
DISQUALIFIED:
Lra. A,
JEA t M. LEONCINI, Ci y Clerk