HomeMy WebLinkAbout17587 - RESOLUTIONS - 7/17/1991 i
r.
r 1 RESOLUTION NO. 17587
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, MAKING APPOINTMENTS IN A SPECIAL
M ASSESSMENT DISTRICT
'- WHEREAS, the CITY COUNCIL of the CITY OF PALM SPRINGS, CALIFORNIA, is considering
the formation of a special assessment district, pursuant to the terms and provisions
of the "Municipal Improvement Act of 1913", being Division 12 of the Streets and
Highways Code of the State of California, for the installation of certain public
works of improvement, together with appurtenances and appurtenant work, said special
assessment district to be known and designated as ASSESSMENT DISTRICT NO. 157 (here-
inafter referred to as the "Assessment District") ; and,
WHEREAS, at this time, this legislative body is desirous of making the required
appointments and designating persona to perform certain duties, in order to allow
the proceedings to go forward to completion in accordance with the provisions of
' law.
NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
SECTION 1. That the above recitals are all true and correct.
SECTION 2. That JOHN MANGIONE is hereby appointed to perform all of the duties and
functions of the Superintendent of Streets as said duties are specified
and designated in the "Municipal Improvement Act of 1913", being
Y Division 12 of the Streets and Highways Code of the State of California,
for the above-referenced Assessment District.
.,. SECTION 3. That the place for recordation of the assessment roll and diagram shall
be in the Office of the Superintendent of Streets, and said assessment
roll and diagram, upon recordation, shall be kept as a permanent record.
SECTION 4. That the DESERT SUN is hereby designated as the newspaper for all
publications as required by law and as necessary for completion of this
Assessment District.
SECTION 5. That STONE & YOUNGBERG is hereby appointed as Underwriter to purchase
the bonds of the Assessment District to be issued in order to finance
said proceedings, which bonds are 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.
SECTION 6. That this legislative body hereby establishes a special IMPROVEMENT 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, including authorized incidental expenses, as well as
costs for the installation of the authorized public improvements, all as
required and authorized by law, and specifically Section 10210 of the
Streets and Highways Code of the State of California.
• ADOPTED this 17th day of July 1991.
AYES: Councilmembers Hodges, tlurawski , Neel and Mayor pro tem Broich
NOES: None
ABSENT: 11dy0r Bono
ATTEST: ..
-1
CITY -CLERK CITY MA AGER
REVIEWED & APPROVED: eifz