CC Resolution No. 1381-37 . ~ ~
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RESOLUTION NO.~~
A RESOLUTION AMENDING REBOLUTION N0. 1381-31 ENTITLED "A
RESOLUTION DETERMININ(} UNPAID ASSES3MENT8 AND PROVIDING
FOR ISSUANCE OF BONDS"
DE ANZA, ET AL., IMPROVEMENT PROJECT N0. 66-1
RESOLVED, by the City Councii of the City oi' CuDertino, California,
that Resolution No. 1381-31 cited in the title hereoP, adopted by this
Council on June 1, 1967, be, and the same is hereby, amended in the
following particulars:
1. That Section 3 of said Resolution be amended to read as followss
"3. The amended unpaid liat ia in the amount of $1,635,983.04 and
bonda shall be issued upon the aecurity of said unpaid assesaments in
accordance with the provisione of the Improvement Bond_Aat of 1915 (D1-
vision 10 of the Streets and Highways Code of the State of Californi8) 8nd
under and pursuant to the provisions of said Reaolution of Intention and
the proceedinga thereunder duly had and taken. The bonds ahall be issued
' in two separate and diatinct aeries designated Series 67-1-A and Series
67-1-B, The bonds of Serles 67-1-A ahall be in the total amount of
$1,475,000 and shall be numbered 1 to 295, inclusive, and in the denomina-
tion of $5,000 each. The bonds of Serlea 67-1-8 ahall be in the amount
of $160,983.04 and ahall be one hundred sixty-one (161) in number. All
of said bonds shall be dated June 5, 1967, and bear lnterest from their
date at the rate of not to exceed aix percent (6%) per annum, and the ~
denomination of said bonds and thelr reepective dates of maturlty are as
shown on Exhibits "B" and "C" hereto attaahed and made a part hereof
by reference.°
2. That Section 4 of said Resolutlon be amended to read as
follows:
"4. The bonda of Series 67-1-A shall be secured by Diagram and
Asaessrent Numbers 1 and 2 levied against property of the Foothill Junior
College District and Diagram and Asaessment Number 53 levied against the
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property of the City of Cupertino, in the total initial am~unt of
$1,494,475.63, and in the unpaid amount of $1,475,000. Said unpald
asseasments and the interest thereon are payable in annual installmenta
on July 2, 1968 to July 2, 1972, inclusive, corresponding to the annual
' series of said bonda.
3. That the Exhibit "A" and Exhibit "B" hereto attached shall be
substituted in place of the Exhibit "A" and Exhibit "B" attached to said
Resolution No. 1381-31 and the List of Unpaid Asseasments on file in the
office of the City Treasurer ahall be amended accordingly.
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PASSED and ADOPTED by the City Council of the City oP Cupertino,
State of California, this 5th day of July, 1967, by the following vote:
AYES; Councilmen: Dempster, Johnson, Noel, Stokes, Fitzgerald
NOES_ Councilmen: None
ABSENTc Councilmen:None
3 r
.•Gi~r•~ ~
ATTb:ST .
City Cle
2
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AMENDED
LIST OF UNPAID ASSESSMENTS
CITY OF CUPERTINO '
DE ANZA, ET AL
IMPROVEMENT PROJECT N0. 66-1
Assessment
and Diagram Atnount of Unpaid
Number Assessor's Parcel No. Assessment
1 School Property $ 11,227.98
2 School Property 1,413,642.07
5 360-29-50 3,114.78
il 360-30-16 8,095.89
12 360-30-15 4,324.86
13-A 360-16-122 14,2o6.2g
15 360-12-15 2,425.00
16 360-12-16 1,663.00
19 360-12-19 1,693•00
20 360-12-20 861.00
21 360-12-21 5,073.00
22 360-12-22 4,18~+.00
28 360-13-~+ i,009.00
29 360-13-5 983•00
3o-A 360-13-128 3,737•63
31 360-13-13 4,145.52
34 360-13-124 2g,648.35
46-A 326-32-4 Ptn 1,055•55
47-A 326-32-32 5,642.57
' 49 326-,31-~3 16,681.17
50 326-31-16 1,392•97
51 326-29-2 20,352.56
52 326-29-4 5,819.04
' S3 326-29-6 City Owned Property 50,129.95
55 326-27-7 6,656.63
56 326-27-6 12,922.22
57 326-31-17 5,296.01
$1,635,983.04
EXHIBIT "A"
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~iIBIT n~n
Total Mnual Date of
' series Bond Numbers principal Amount Maturity
67-i-A 1- 59 $295,00o Juiy 2, 1968
60 - 11fi 295,00o auly 2, 1g69
il9 - 177 295,00o July 2, 1970
178 - 236 295,000 July 2, 1971
23? - 295 295,00o auly 2, 1972
Each bond is in the denomination of ~5,000.