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R-8631 .A e e RESOLUTION NUMBER 863l(CCS) (CITY COUNCIL SERIES) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA ORDERING THE RECONSTRUCTION OF 4TH COURT BETWEEN COLORADO AVENUE AND BROADWAY, AND 9TH COURT FROM OLYMPIC BOULEVARD TO 476' NORTH WHEREAS, the city council of the city of Santa Monica, on the 27th day of April, 1993, adopted Resolution No. 8577 (CCS) setting a public hearing; and WHEREAS, written notices and postlng of said improvements have been distributed in the manner requlred by law; and WHEREAS, any and all wrltten objections and protests to the work of the extent of the dlstrlct to be assessed were heard and consldered by the Clty Counell, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES RESOLVE AS FOLLOWS: SECTION 1. The publ~c convenience and necesslty requires the reconstructlon of 4th Court Between Colorado Avenue and Broadway, and 9th Court from Olymplc Boulevard to 476' North. SECTION 2. All protests and objections of every kind and nature to the proposed work are overruled and denied. SECTION 3. Despite reference in Resolution 8577 (CCS) to the contrary, bonds wlll be issued for noncash assessments. serial bonds bearlng interest at the rate of 9% per annum shall - 5 - e e be issued to represent each assessment of One Hundred Fifty dollars ($150.00) or more remainlng unpald for thirty (30) days after the recording of the warrant. Each serial bond shall extend over a period ending nine (9) years from the second day of January next succeeding the next September 1st following 1 ts date. Payments on the principal of unpaid assessments and interest shall be made by property owners to the city Treasurer and the same shall be disbursed by him/her or as provided in the "Improvement Act of 1911" hereinafter referred to. In accordance with streets and Hlghways Code section 6442, the first two percent (2%) delinquency penalty authorlzed by such section shall be retained by the City Controller for the cost of servicing the delinquency. SECTION 4. Pursuant to Streets and Highways Code Seetlon 5880, the street Superintendent lS directed to commence the reeonstructlon of the alleys sixty (60) days after glvlng notices wherever the property owners have not initiated the alley reconstruction themselves. SECTION 5. The C1ty Clerk shall certlfy to the adoptlon of this Resolutlon, and thereafter the same shall be in full force and effect. APPROVED AS TO FORM: A~.l<~ , JOSEPH' LA1VRENCE I Aoting City Attorney '-.,;1 - 6 - e e Adopted and approved thlS 3rd day of August, 1993 ~~t{~t I hereby certlfy that the foregolng Resolution No. 8631(CCS) was duly adopted by the Clty Councll of the Clty of Santa Monlca at a meeting thereof held on August 3, 1993 by the followlng Councll vote Ayes: CounCllmembers: l>..bdo, Greenberg, Holbrook, Olsen, Rosensteln, Vazquez Noes. Councllmernbers: None Jl...bs ta ln Councllmembers: Genser Jl...bsent Councllmembers: None ATTEST: /- /r::;~!Uf/f &~ ~// . - Cl ty Clerk /