HomeMy WebLinkAboutTC Res 1993-07-07 (7)
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RESOLUTION NO. 2944
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TIBURON
APPROVING SECOND AMENDED REASSESSMENT REPORT AND
CONFIRMING REASSESSMENTS
GILMARTIN DRIVE REFUNDING DISTRICT NO. 1993-1
The Town Council of the Town of Tiburon resolves:
On March 31, 1993, the Engineer of Work filed the written
report prescribed by section 9523 of the California Streets and
Highways.Code, and this Council set two public hearings on said
Report. The Notice of Hearings was given by mailing to affeqted
property owners.
On May 5, 1993 and May 19, 1993, the public hearings
were held and following the hearings the Engineer of Work filed
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an Amended Reassessment Report. This Council hereby approves and
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confirms the Second Amended Reassessment Report, including
Exhibits A through J thereof.
All assessments originally levied in Gilmartin Drive
Refundinq District No. 1987-3 shall be deemed supplanted and
superseded by the reassessment proposed hereby, except for unpaid
installments of principal and interest due and payable during or
before fiscal year 1992-93.
Bonds representing unpaid reassessments, and bearing
interest at a rate not to exceed twelve percent (12%) per annum,
shall be issued in accordance with the terms and conditions of
the Refunding Act of 1984 for 1915 Improvement Act Bonds (the
"Act"), and the last installment of the bonds shall mature not to
~ exceed twenty-four (24) years from the 2nd day of September next
succeeding twelve (12) months from their date. The reassessments
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and interest thereon shall be collected in the manner prescribed
by the Act and are subject to reassessment, amendment, and
prepayment, all in accordance with, the provisions of the Act arid
the related provisions of the Improvement Bond Act of 1915 which
are incorporated therein.
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PASSED AND ADOPTED at a regular meeting ~f the Town Council
of the Town of Tiburon on July 7, 1993, by the following vote:
AYES:
Councilmembers: Thayer, Thompson, Nygren, Kuhn
and Friedman
NOES:
Councilmembers: None
ABSENT:
Councilmembers: None
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MICHAEL FRIEDMAN, MAYOR
Town of Tiburon
ATTEST:
own Clerk
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