HomeMy WebLinkAboutReso. 1988-343 - Resolution of intention to order improvment in s.a.v.i. assessment district no. 1988-4 411 411
RESOLUTION NO. Bra - /713
RESOLUTION OF INTENTION TO ORDER IMPROVEMENT IN
S.A.V. I. ASSESSMENT DISTRICT NO. 1988-4
CITY OF REDDING, SHASTA COUNTY, CALIFORNIA
The City Council of the City of Redding resolves:
This Council intends to order the following improvement
under the authority of the Municipal Improvement Act of 1913 :
Acquire and/or construct a scheme of public improvements
to serve the S.A.V. I. Development, Parcel Map LS-52-86, including,
but not limited to public street improvements, sanitary sewer system
improvements, storm drainage, water system improvements, underground
utilities, offsite rights-of-way and public service easement
acquisitions, and/or related incidental expenses of the improvement
project as permitted by law, subject to the limitation that total
assessments against the property cannot exceed one-third of the
appraised after improvement market value of the subject property.
This Council finds that the land specially benefited by
the improvement is shown within the boundaries of the map entitled,
"Proposed Boundaries of S.A.V.I. Assessment District No. 1988-4,
City of Redding, Shasta County, California. " This map has been
approved by the City Council and is now on file with the City Clerk.
The land within the exterior boundaries shown on the map shall be
designated S.A.V.I. Assessment District No. 1988-4 , City of Redding,
Shasta County, California.
This Council intends to levy a special assessment upon the
land within the described district in accordance with the special
benefit to be received by each parcel of land, respectively, from
the improvement. There shall be omitted from special assessment all
public streets, alleys and places and all land belonging to the
United States, the State of California, the County of Shasta and
this City now in use in the performance of a public function. o�
Serial bonds representing unpaid assessments, and bearing i
ORIGANAL
interest at a rate not to exceed twelve percent (12%) per annum,
will be issued in the manner provided by the Improvement Bond Act of
1915 (Division 10, Streets and Highways Code) , and the last
installment of the bonds shall mature not to exceed twenty-four (24)
years from the second day of September next succeeding twelve (12)
months from their date.
The procedure for the collection of assessments and
advance retirement of bonds under the Improvement Bond Act of 1915
shall be as provided in Part 11. 1, Division 10, of the Streets and
Highways Code of the State of California.
The City will not obligate itself to advance available
funds from the City treasury to cure any deficiency which may occur
in the bond redemption fund. A determination not to obligate itself
shall not prevent the City from, in its sole discretion, so
advancing funds.
This Council finds that the Special Assessment
Investigation, Limitation and Majority Protest Act of 1931
(commencing with Section 2800, Streets and Highways Code) does not
apply to these proceedings.
In the opinion of this Council, the public interest will
not be served by allowing owners of assessable lands to enter into a
contract for the work of improvement as otherwise permitted in
Section 20485 of the Public Contract Code.
The amount of any surplus remaining in the improvement
fund after completion of the improvement and payment of all claims
shall be transferred to the general fund if the surplus does not
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exceed the lesser of one thousand dollars ($1000) or five percent
(5%) of the total amount expended from the fund. Otherwise the
entire surplus shall be applied as a credit on the assessment as
provided in Section 10427. 1 of the Streets and Highways Code.
I HEREBY CERTIFY that the foregoing resolution was
duly and regularly adopted by the City Council of the City of
Redding, Shasta County, California, at a regular meeting thereof,
held on the 20th day of September, 1988 .
AYES: Councilmembers Buffum, Carter, Dahl , Fulton & Johannessen
NOES: Councilmembers None
ABSENT: Councilmembers None
ETHEL A. NICHOLS, City Clerk
City of Redding, Shasta County, California
By etk,
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