HomeMy WebLinkAboutCC Resolution 2715that
14HJM:K- T lc 11/26/62 25c
RESOLUTION NO.�� � "
RESOLVED, by the City Council of the City of San Rafael,, California,
- City is conductingproceedings pursuant to Resolution
:tf Intention • 2576 adopted March 19, 1962,for acquisition an• ♦,
construction of certain improvements therein more particularly described;
WHEREAS, said proceedings include the acquisition of rights of
service and use in existing facilities constructed in proceedings for
Marin Bay improvement District No. 1 on behalf of properties in the
assessment district by advance retirement of bonds issued in said proceed-
ings for Marin Bay improvement District No. 1 to represent Assessment
Nos. 210, 236, and 242 to 252 inclusive;
WHEREAS, the first increment of bonds to represent unpaid a.ssesswnts
in Improvement District No. 2 proceedings has been issued and delivered
and the proceeds are available in the office of the City Treasurer;
WHEREAS, original. Assessment No. 247 in said Improvement District
No. 1 proceedings has been amended into Nos. 247-A, 247-B, and 247--C, and
the portions of said original assessment represented by Assessment Nos.
247-B and 247-C are within the boundaries of Improvement District No. 2,
and funds are available in said Improvement District No. 2 to advance the
retirement of the bonds representing the two said assessments;
NOW, THEREFORE, IT IS ORDERED, as follows:
1. The assessment numbers, amounts of unpaid principal, interest
computed to January 2, 1963, and the 5% premium on all bonds issued in
the Improvement District No. l proceedings, representing assessments
against properties as to which bonds have also been issued in the Darin
Bay Improvement District No. 2 proceedings, are as follows, to -wit;
Bond Representing Unpaid
Assessment No. Prim
247-B $ 2,297-91
247-C $ 110.03
Interest to Premium
1/2/63 at 5%
$ 68.94 $ 114.90
$ 3.30 $ 5.50
2. The total amount of unpaid principal, interest, and premium set
forth above, being $2.600-58, shall be transferred from the construction
fund of the Improvement District No. 2 project to the interest and redemp-
tion fund created in connection with Marin Bay Improvement District No, 1,
and used to advance the retirement of the bonds heretofore described.
3. The City Treasurer is hereby directed to make said transfer and
I-
uo advance the maturity of said bonds--.
I hereby certify that the foregoing is a full, true and correct copy
of a resolution duly passed and adopted by the City Council of the City of
San Rafael, California, at a meeting thereof held on theday of
1962, by the following vote of the members
thereof:
AYES, and in favor thereof, Councilmen:
NOES, Councilmen: by, Baar, Jensen, and Mayor McInnis
ABSENT., Councilmen:
MORGAN
City Clerk of the City o
APPROVED:
W
ae
City Clerk
W
ae
City Clerk
