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RESOLUTION NO. 5066
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ARCADIA DETERMINING THAT THE PAYMENT OF
CERTAIN ASSESSMENTS UNDER THE IMPROVEMENT ACT
OF 1911 MAY BE MADE IN ANNUAL INSTALLMENTS
(VARIOUS LOCATIONS)
WHEREAS, certain street improvements at various locations in
the City of Arcadia have been made pursuant to the Improvement
Act of 1911 and the costs thereof will be assessed against the
property adjacent to the improvements pursuant to Resolution No.
5067; and
WHEREAS, it is desirable to provide for payment of any unpaid
assessments in annual installments:
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA RESOLVES
that the assessments set forth in Resolution No. 5067 may be made
in ten equal annual installments of principal plus interest on the
unpaid balance at the rate of seven percent (7%) per annum, said
interest to con~ence on the thirty-first day afte~ the confirmation
of the assessments by the City Council and the first installment of
principal and i.nterest shall be due and payable one (1) year after
said confirmation. The unpaid balance with interest may be paid at
any time wi.thout penalty.
The City Clerk shall certify to the adoption of this resolution.
I HEREBY CERTIFY that the foregoing resolution was adopted
at a regular meeting of the City Council of the City of Arcadia held
on the 21st day of September, 1982, by the affirmative vote of at
least three
AYES:
NOES:
Councilmen, to wit:
Councilmen Dring,
None
ABSENT:
None
Haltom, Hannah, Lojeski
~~
City Clerk of the City of Arcadia
& Pellegrino
SIGNED AND APPROVED this
ATTEST:
,~~
C~ty Clerk
-1-
5066