Res 123RESOLUTION NO. 123
RESOLUTION OF THE CITY COUNCIL ADOPTING A
MAP SHOWING THE GENERAL NATURE AND LOCATION OF
CERTAIN PUBLIC WORKS OF IMPROVEMENT ~ID SHOWING
THE PROPOSED BOUNDARIES OF THE ASSESSMENT DISTRICT
TO BE ASSESSED FOR SAID IMPROVEMENT
WHEREAS, the CITY COUNCIL of the CITY OF POWAY, CALIFORNIA, (hereinafter
referred to ~s "Agency"), has been presented and has received a map showing the
general nature, location and extent of the proposed improvement work, and also
designating and describing the boundaries of the area proposed to be assessed in
an assessment district under the provisions and authority of the "Municipal
Improvement Act of 1913", being Division 12 of the Streets and Highways Code of
the State.of California; said assessment district known and designated as
ASSESSMENT DISTRICT NO. 79-1
(hereinafter referred to as the "Assessment District").
NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
SECTION 1.
SECTION 2.
That the above recitals are all true and correct.
That a map of the Assessment District showing the general nature,
location and extent of the proposed public improvement work, and
also showing the boundaries of the proposed Assessment District and
lands and property to be assessed to pay the costs and expenses of
the proposed improvements designated as
"PROPOSED BOUNDARIES OF
ASSESSMENT DISTRICT NO. 79-1"
is h~reby submitted, and the same is hereby approved and adopted.
SECTION 3.- That the original map of said proposed boundaries 'of the proposed
Assessment District, and one copy thereof, is to be filed in the
Office of the designated Superintendent of Streets.
SECTION 4.
A certificate shall be endorsed on the original and on at least one
copy of the map of the Assessment District, evidencing the date and
adoption of this Resolution, and within fifteen (15) days after the
adoption of the Resolution fixing the time and place of hearing on
the formation or extent of said Assessment District, a copy of said
map shall be filed with the correct and proper endorsements thereon
with the County Recorder, all in the manner and form provided for
in Section 3111 of the Streets and Highways Code of the State of
California.
SECTION 5.
That said proceedings are proposed to be financed through bonds to
be issued pursuant to the terms and provisions of the "Improvement
Bond Act of 1915", being Division 10 of the Streets and Highways
Code of the State of California.
RESOLUTION NO. 123
Page Two
SECTION 6.
That this legislative body hereby establishes a special fund
designated by the name and number of the Assessment District, and
into said fund shall be placed all proceeds from the sale of bonds
and cash collections. In order to expedite the improvements or
acquisition under these proceedings and as authorized by law, funds
from any available source may be transferred into said special fund.
Any funds transferred are a loan to the fund and shall be repaid out
of the proceeds of the sale of bonds, all as required and authorized
by law, and specifically Section 102]0 of the Streets and Highways
Code of the State of California.
APPROVED and ADOPTED this 14th
MA~y~Of Ju~__~198!~q .
CITY OF POWAY
STATE OF CALIFORNIA
ATTEST:
CITY ~