HomeMy WebLinkAboutResolution 84-94 RESOLUTION NO. 84-94
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ATASCADERO AUTHORIZING APPROVAL OF A
LETTER AGREEMENT FOR SPECIAL DISTRICT
ADMINISTRATION
WHEREAS, the City Council of The CITY OF ATASCADERO, CALIFORNIA,
formed Assessment District(s) pursuant to the terms and provisions of the
Municipal Improvement Act of 1913, (Division 12 of the Streets and Highways
Code of the State of California); and,
WHEREAS, the City Council of The CITY OF ATASCADERO, CALIFORNIA,
pursuant to the Improvement Bond Act of 1915 (Division 10 of the Streets and
Highways Code of the State of California) has levied special assessments upon
lands within the following Assessment Districts: No. 3, No. 4, Street Improvement
(Las Encinas, 3-F Meadows); Camino Real, and No. 7 which are described in a
Resolution of intention adopted for said improvements, (hereinafter "ADs"); and,
WHEREAS, said proceedings provide for the issuance of bonds pursuant to
the Improvement Bond Act of 1915 (Division 10 of the Streets and Highways
Code of the State of California), and said bonds were previously issued; and,
WHEREAS, at this time the City Council of The CITY OF ATASCADERO is
desirous to set forth all formal terms and conditions relating to the administration
of said ADs and the appointment of a Trustee for the bondholders relative to the
collection of delinquent assessments; and,
WHEREAS, there has been presented, considered and ready for approval a
letter of agreement setting forth formal terms and conditions relating to such
administration services and appointment of a Trustee for the bondholders relative
to the collection of delinquent assessments; and,
NOW, THEREFORE, the City Council of The CITY OF ATASCADERO does
hereby resolve as follows:
Section 1. That the above recitals are true and correct.
Section 2. That the letter agreement is hereby approved substantially in the
form presented herein, is to be dated the date hereof, and is subject to
modifications as necessary and as approved by the Mayor.
Resolution No. 84-94
Page 2
On motion by Councilperson Highland, seconded by Councilperson Luna, the
foregoing resolution is hereby adopted in its entirety on the following roll-call vote:
AYES: Councilmembers Carden, Highland, Johnson, Luna and Mayor Bewley
NOES: None
ABSENT: None
ADOPTED: August 23, 1994 CITY OF ATASCADERO, CA
By:
R. DAVID BEWLEY, M r
ATTEST:
LEE E, City &erk
APPROVED AS TO FORM:
AR HER R."MdTAND , City Attorney