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HomeMy WebLinkAbout1192 - RESOLUTION NO. 1192 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA APPROVING THE REPORT OF THE CITY ENGINEER OF SAID CITY IN THE MATTER OF THE PROPOSED n:FROVEIlENT OF !AS FLORES AVENUE IN SAID CITY AND PROVIDH!G FOR THE ISSlJAl'!CE AND HATURITY OF AND RATE OF INTEREST UPON BONDS TO BE ISSUED TO REPRESENT UNPAID ASSESSliENTS FOR SAID PROPOSED D:1I'ROVE1.lENT. THE CITY COUNCIL OF TEE CITY OF ARCADIA DOES RESOLVE AS FOLLO\7S: SECTION 1. That the report prepared by the City Engineer pursuant to the provisions of Part 2 of the ftSpeoial Assessment Investigation, Lirr.itation and Majority Protest Aot of 1931ft., as amended, in the matter of the proposed improvement of Las Flores Avenue in the City of Arcadia, be and the same is hereby approved. SECTION 2. That serial bonds bearing interest at the rate of six per cent per a.nnum and extending over a period ending nine years from the second day of January next suoceeding the next Ootober fifteenth following their date, will be issued in the manner provided by the Improvement Aot of 1911, approved April 7, 1911, as amended, to represent eaoh assessment of Twenty-five ($25.00) Dollars or more remainine unpaid for thirty days after the date of the warrant attached to the assessment to be hereafter levied under these prooeedings. SECTION 3. That the above mentioned repor~ be filed with the Clerk of this City Counoil. That Tuesday, the lAt.h day of AU~llst ,1942, at the hour of eight 0 I olook, P. M., and the '" 'Counoil Chamber in the City Hall in the City .of Aroadia, are hereby fixed as the time and place of hearing by this City Council on said report. The Clerk of this City Counoil is hereby directed to give notioe of said hearing in the manner and form requ~red by Part 3 of said Speoial Assessment Investigation, Limitation and Majority Protest Aot of 1931, as amended. SECT lOP 4. The City Clerk shall certify to the adoption of this Resolution. I hereby oertify that the foregoing Resolution was adopted at a regular meeting of the City Counoil of the City of Aroadia, held -1- ~ on the 7th d.ay of July , 1942, by the affirmative vote of at least three Counc:llmen, to-wit: AYES: Councilman Adcock, Jones, Leeper, Nugent am Ormsby NOES: None ABSENT: N on a ~,,-~ -' Ci Y C1e k. Signed. land. approved. this 7th d.ay of Jul'T , 1942. ?/;. 4~ llayor. ATTEST: ~~~~ ../ ity C: r . -2-