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RESOLUTION NO. 4531
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
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. 4530; 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. 4530
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.
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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4531
held on the 4th
day of November , 1975, by the affirmative
vote of at least three Councilmen, to wit:
AYES: Councilmen Helms, Lauber, Saelid, Scott and Gilb
NOES: None
ABSENT: None
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City Clerk of the C~ty of Arcad~a
SIGNED AND APPROVED this 4th day of November , 1975.
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Mayor of the City of Arcadia
ATTEST:
City Clerk
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(SEAL)
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4531