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RESOLUTION NO. 5219
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, 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
the City of Arcadia have been made pursuant to the Improvement Act of 1911 and
the costs thereof wi 11 be assessed aga i nst the property adjacent to the
improvements pursuant to Resolution No. 5220; 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,
CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. That the assessments set forth in Resolution No. 5220
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
commence on the thirty-first day after the confirmation of the assessments by
the City Council and the first installment of principal and interest shall be
due and payable one (1) year after said confirmation. The unpaid balance with
interest may be paid at any time without penalty.
Section 2. The City Clerk shall certify the adoption of this
Resolution.
Passed, approved and adopted this 7th day of May
, 198 .
4F;f~8~'~d
MAY U
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5219
ATTEST:
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Clty Clerk Of the Clty of Arcadla
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) SS:
CITY OF ARCADIA )
I, CHRISTINE VAN MAANEN, City Clerk of the City of Arc~dia, hereby
certify that the foregoing Resolution No. 5219 was passed and adopted by the
City Council of the City of Arcadia, signed by the Mayor and attested to by
the City Clerk at a regular meeting of said Council held on the 7th day of May
1985, and that said Resolution was adopted by the following vote, to-wit:
AYES: Councilman Gilb, Hannah, Lojeski, Young and Pellegrino
NOES: None
ABSENT: None
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Clty Clerk of th~ty of
Arcadla
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5219