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Res 95-051Resolution No. 95-051 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY APPROVING THE ADVANCE RETIREMENT OF BONDS FOR ASSESSMENT DISTRICT 79-1 WHEREAS, on September 18, 1981, the City Council of the City of Poway approved the creation of Assessment District No. 79-1 ("District" or "AD 79- 1") to fund public improvements for the installation of a pump station, primary water distribution line, reservoir tank, appurtenances, and associated work for the benefit of properties within the District; and WHEREAS, AD 79-1 was created pursuant to the provisions of the Municipal Improvement Act of 1913, Division 12 of the Streets and Highways Code of the State of California; and WHEREAS, the improvements were financed through the sale of bonds issued pursuant to the terms and provisions of the Improvement Bond Act of 1915, Division 10 of said Streets and Highways Code; and WHEREAS, the bonds are redeemed by installments within a period of fifteen years, beginning on January 2, 1983 and ending on July 2, 1997; and WHEREAS, sixteen properties outside the District located in the Belvedere Estates on Donart Drive with water supply serviced from a hydro- pneumatic pump station have been receiving poor water quality for many years; and WHEREAS, also, owners or properties located east of Blue Crystal Trails and outside the boundary of AD 79-1 have expressed interest to connect to City water supply; and WHEREAS, the water system in AD 79-1 would not become available to others outside the District until the bond obligation is paid off. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway that: 1. The City finds that advance retirement of bonds be made pursuant to the provisions of Part 11, Division 10 of the Streets and Highways Code of the State of California; and 2. Provide an opportunity for the properties in the Belvedere Estates and Blue Crystal Trails areas to connect to the AD 79-1 water system. PASSED, ADOPTED, AND APPROVED, by the City Council of the City of Poway, California, at a regular meeting this 20th day of June, 1995. ATTEST: Marjori~ K. Wahlsten, City Clerk Don Higgifison, ~ Resolution No. 95-051 Page 2 STATE OF CALIFORNIA ) ) ss. COUNTY OF SAN DIEGO ) I, Marjorie K. Wahlsten, City Clerk of the City of Poway, do hereby certify under the penalty of perjury, that the foregoing Resolution No. 95-051 was duly adopted by the City Council at a meeting of said City Council held on 20th day of June, 1995 and that it was so adopted by the following vote: AYES: CAFAGNA, CALLERY, REXFORD, HIGGINSON NOES: NONE ABSTAIN: NONE ABSENT: EMERY Marjo~ie\K. Wahlsten, City Clerk City of ~oway