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RESOLUTION NO. 5517
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 (KINGSLEY DRIVE)
WHEREAS, cey'tain street lighting improvements at various locations in the
City of Arcadi a have been made pursuant to the Improvement Act of 1911
(California Streets and Highways Code, Section 5000, et. seq.) and the costs
thereof will be assessed against the property adjacent to the improvements
pursuant to Resolution No. 5518, 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. 5518 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
Couneil, 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.
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5517
Passed, approved, and adopted this sixth day of February, 1990.
ATTEST:
C1 ia
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) SS:
CITY OF ARCADIA )
I, JUNE D. ALFORD, City Clerk of the City of Areadia, hereby eertify that
the foregoing Resolution No. 5517 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 sixth day of February, 1990, and
that said Resolution was adopted by the following vote, to wit:
AYES: Counci.lmember Harbieht, Lojeski, Young and Chandler
NOES: None
ABSENT: Counci Imember Gi.lb
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Cit er 0 the C' yo Acadia
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5517