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RESOLUTION NO. 4589
A RESOLUTION OF' THE CITY COUNCIL OF THE
CITY OF ARCADIA DETERMINING THAT THE PAY-
MENT OF CERTAIN'ASSESSMENTS UNDER THE
IMPROVEMENT ACT OF 1911 MAY BE MADE IN
ANNU~ INSTALLMENTS, (VARIOUS LOCATIONS),
.;,
WHEREAS, certain street improvements at various locations
in the City of Arcadia have been made purs~ant to the Improvement
Act of 1911 and the costs thereof will be assessed against the
property adjacent to the improvements pursuant to Resolution
No. 4590; and
WHEREAS, it is desirable to provide for payment of any
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unpaid assessments in annual installments:
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA
RESOLVES that 'the assessments set forth in Resolution No. 4590 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 confirma-
tion of the assessments by the City Council and the first installment
of principal and interest shall be due and payable one (I) year after
said confirmation. The unpaid balance with interest may be paid at
any time without penalty.
I
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
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4589
held,on the 7th day of December, 1976, by the affirmative vote
of at least three Councilmen, to wit:
AYES:
Councilmen Gilb, Margett, Parry, Saelid and Lauber
NOES:
None
ABSENT: None
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City Clerk of the City of Arcadia
SIGNED AND APPROVED tpis 7th day of
December
, 1976.
~J(~
M yor of the C~ty of rcad~a
ATTEST:
~4~
C~ty Clerk
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(SEAL)
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4589