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RESOLUTION NO.
4677
RESOLUTION OF THE CITY COUNCIL ORDERING CERTAIN
CHN,GES AND MODIFICATIONS IN PROCEEDINGS AND
ASSESSMENTS IN AN ASSESSMENT DISTRICT PURSUANT
TO THE "MUNICIPAL IMPROVEMENT ACT OF 1913",
BEING DIVISION 12 OF THE STREETS AND HIGHWAYS
CODE OF THE STATE OF CALIFORNIA.
CITY OF ARCADIA
WHEREAS, this City Council did, on the 20th day of
SEPTEtlliER, 1977 , adopt its Resolution of Intention
pursuant to the provisions of the "Municipal Improvement Act of
1913", being Division 12 of the Streets and Highways Code of the
State of California for the construction of certain public works
of improvement in a special assessment district known and desig-
nated as
ASSESSMENT DISTRICT NO. 76-1
(CENTRAL AREA STREET AND PARKING HIPROVEMENTS)
(hereinafter Teferred to as the "Assessment District"); and;
WHEREAS, subsequent ,thereto, thi.s City Council did, by
Resolution, approve the "Report" and call for sealed bids on the
construction of the works of improvement as contemplated in said
Assessment District; and,
WHEREAS, prior to said Public Hearing, sealed bids were
received and considered for the construction of the works of improve-
ment in the Assessment District, and based on the recommendations
therefor, it is now determined that assessments can be amended and
modified because of the favorable construction bid ~o rec~ived; and,
WHEREAS, it now appears to this City Council that certain
changes and modifications should be considered in the "Rep6rt" and
assessments for the Assessment District.
NOW, THEREFORE, IT IS HEREBY RESOLVED BY THE CITY COUNCIL
OF THE
CITY OF ARCADIA
CALIFORNIA, AS FOLLOI"S:
SECTION I. That the above recitals are all true and
correct.
SECTION 2. That it is in the best public interest and
convenience that assessments be modified, amended and reduced as
set forth on Exhibit "A", attached hereto and made a part hereof,
and said City Council does hereby order the proceedings, the
"Report" and the assessment roll to be modified and amended to
reflect the amendments as set forth in said Exhibit "A".
SECTION 3. That said changes and modifications above-
mentioned are hereby ordered pursuant to the authority as set
forth in Section'10352 of the Streets and Highways Code of the
State of California (Municipal Improvement Act of 1913).
I
SECTION 4. That the Superintendent of Streets is hereby
ordered to make the above-listed corrections and modifications
for the assessment roll, and the assessments as set forth in the
"Report" prev{ouslyapproved.
SECTION 5. That the Engineer's Report, the Asse~sment
Roll and all related documentation, as so modified, are all for
the best interests of the property owners within the Assessment
District, and said assessment, as modified and apportioned, is in
accordance with the benefits received and the "Report", as herein
modified and amended, shall now stand as the "Report" for all
subsequent proceedings relating to this Assessment District.
APPROVED and ADOPTED this 6th day of December, 1977
MAYOR
CITY
STAT
ATTEST:
~-z~~
CITY CLERK
CITY OF ARCADIA
STATE OF CALIFORNIA
?
STATE OF CALIFORNIA )
COUNTY OF ,LOS ANGELES ') ss.
CITY OF ARCADIA
I, CHRISTINE VAN'MAANEN, City Clerk of the City
of ARCADIA, CALIFORNIA, DO HEREBY CERTIFY that the foregoing
Resolution, being Resolution No. 4677 was duly passed,
approved and adopted by said City Council, approved and signed
by the Mayor, and attested by the City Clerk, all at a
regular _ meeting of said City Council held on the
6th day of December. 1977 , and that the same
was passed and adopted by the following vote, to-wit:
AYES:
COUNCIL MEMBERS: Gilb, Lauber, Margett,
Parry and Saelid
COUNCIL MEMBERS: None
NOES:
ABSENT:
COUNCIL MEMBERS: None
DATED this 6th
day of December. 1977
~71N
CITY CLERK
CITY 01' l\HCl\IJIl\
STATE OF CALIFORNIA
(SEAL)
3
EXHIBIT "A"
CHANGES AND MODIFICATIONS TO PROCEEDINGS,
ENGINEER'S "REPORT", AND RESOLUTION OF
INTENTION FOR A SPECIAL ASSESSMENT DISTRICT
IN THE CITY OF ARCADIA, BEING ASSESSMENT
DISTRICT NO. 76-1 (CENTRAL AREA STREET AND
PARKING IMPROVEMENTS)
I. Based on the favorable construction bids received, the
assessments and cost o~ construction can be reduced as
set forth below, and it is hereby ordered that all
assessments be modified and reduced based on the results
from the bidding on the works of improvement.
II. At this time, this City Council declares its intention and
so orders and appropriates an increase in the contribution
from the figure as set forth in the Engineer's "Report" of
$65,771.00 to a figure of $83,771.00. Said figure repre-
sents the final land acquisition cost as set forth in said
Engineer's "Report" for this Assessment District. For par-
ticulars, reference is made to the Engineer's "Report" for
the final quantities and costs for, the works of improvement,
and also for a detailed explanation as to the final contri-
bution as herein appropriated and so ordered by this City
Council. The final confirmed costs shall be as follows:
As Preliminarily
Approved
As Confirmed
and Recorded
Cost of Construction:
$ 156,129.00
.s 146,097.20
Contingencies:
23,419.00
7,305.80
44,352.00
Incidental Expenses:
44,409.00
Land Acquisition Cost:
18,000.00
~ooo.oo
215,755.00
83/771.00
.~,
TOTA.L COST: ~
241,957-.00
70,201. 00
Estimated Contribution:
TOTAL ASSESSABLE COST:
171,756.00
131,984.00
The above costs shall be redistributed and spread in direct pro-
portion to the benefits received under the same basis ann formula
as originally set forth in the Engineer's "Report" for these pro-
ceedings for this Assessment District.
.
EXHIBIT "A"
CITY OF ARCADIA
PAGE TWO
III. It is hereby determined to be in the best public interest
and convenience, by reason of the size of the proposed
bond issue for this Assessment District, to provide that
said bonds shall extend over a TWENTY YEAR term, and the
Resolution of Intention for said proceedings did provide
that the bonds to be issued to finance said improvements
pursuant to the provisions of the "Improvement Bond Act
of 1915" shall mature a maximum of and not to exceed
TWENTY FOUR YEARS from the 2nd day of July next succeeding
ten (10) months following their date. Section 4 of the,
Resolution of Intention, entitled "BONDS", shall now read
as follows:
BONDS
"SECTION 4. Notice is hereby given that serial bonds
to represent,the unpaid assessments, and bear interest at
the rate of not to exceed Eight Percent (8%) per annum,
will be issued hereunder in the manner provided in the
"Improvement Bond Act of 1915", being Division 10 of the
Streets and Highways Code of the State of California, the
last installment of which bonds shall mature a maximum of
and not to exceed NINETEEN years from the 2nd day of July
next succeeding ten (10) months from their date. The pro-
visions of Part 11.1 of said Act, providing an alternative
procedure for the advance payment of assessments and the
ca~ling of bonds shall ,apply."
The provision for the bonds to be payable' in twenty (20)
annual installments will ,provide a more competitive interest
rate at this time, and it is hereby determined to be in the
best public interest and convenience to so provide, in all
future proceedings relating to the issuance and authorization
of bonds, that the term shall be 19 years from the 2nd day of
July next succeeding ten (10) months from their date.
All changes as above set forth are ordered pursuant to the
provisions of the "Municipal Improvement Act of 1913", and
specifically Section 10352 of the Streets and Highways, and
said changes are determined by said City Council to be in
the best public interest and convenience of the property
owners within the boundaries of the above referenced Assess-
ment District.
.
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