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RESOLUTION NO. 4459
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ARCADIA DETERMINING THAT THE PAY-
MENT OF CERTAIN ASSESSMENTS UNDER THE
IMPROVEMENT ACT OF 19l1 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 19l1 and the costs thereof will be assessed against the
property adjacent to the improvements pursuant to Resolution
No. 4458; 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. 4458 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
-l-
4459
.
Arcadia held on the lst
day of
October
, 1974, by the
affirmative vote of at least three Councilmen, to wit:
AYES:
Councilmen Gilb, Helms, Lauber, Saelid
and Scott
NOES:
None
ABSENT: None
~~ ~cM1~~~
City Clerk of the City of Arcadia
SIGNED AND APPROVED this 1st day of October , 1974.
~~ '?~
Mayor of the CIty of ArcadIa
ATTEST:
&~~5t~
City Clerk
(SEAL)
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4459