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RES-8568 Confirmation of Assessment for Special Assessment District No. 95-1RESOLUTION NO. 8568 A RESOLUTION OF THE CITY OF THE CITY OF ORANGE CONFIRMING THE ASSESSMENT, ORDERING THE IMPROVEMENTS MADE, TOGETHER WITH APPURTENANCES, AND APPROVING THE ENGINEER'S REPORT" AD 95- 1 WHEREAS, the CITY COUNCIL of the CITY OF ORANGE, CALIFORNIA,has previously adopted its Resolution of Intention and initiated proceedings for the installation of certain public works of improvement, together with appurtenances and appurtenant work, including acquisition where appropriate, in 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 Califomia, said special assessment district known and designated as ASSESSMENT DISTRICT NO. 95-1 SYCAMORE CROSSING) (hereinafter referred to as the "Assessment District"); and,WHEREAS, pursuant to said Resolution of Intention, a "Report", as therein provided, was presented, considered and approved; and,WHEREAS, said "Report", as preliminarily approved, contained all the matters and items called for by law and as pursuant to the provisions of said "Municipal Improvement Act of 1913", including the following:1. Plans and specifications of the proposed improvements;2. Estimate of cost;3. Diagram of Assessment District;4. An assessment according to benefits;5. A description of the works of improvement; and,WHEREAS, notices of said hearing were regularly mailed in the time, form and manner required by law and as evidenced by affidavits on filel with the transcript of these proceedings, and at this time all protests have been heard and considered, and a full hearing has been given, all in the manner provided by law; and,WHEREAS, at this time it Is determined that the owners of one-half ( 1/2) of the area assessed for the cost of the project did not file written protests against the proposed project; and,WHEREAS, this legislative body is now satisfied with the assessment and all matters contained in the "Report" as now updated and submitted.NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of RECITALS Section I. That the above recitals are all true and correct. PROTESTS Section II. That all protests and objections of every kind and nature be, and the same hereby are, overruled and denied, and it is further determined that said protests and objections are made by the owners of less than one-half of the area of property to be assessed for said improvements within said Assessment District.BENEFITS RECEIVED Section III.That it is hereby determined that all properties within the boundaries of the Assessment District receive a local and direct benefit from the works of improvement as proposed for said Assessment District, and it is hereby further determined and declared that all assessable costs and expenses have been apportioned and spread over the properties within the boundaries of the Assessment District in direct proportion to the benefits received thereby.PUBLIC INTEREST AND CONVENIENCE Section IV.That the public interest and convenience require the proposed improvements to be made, and therefore it is hereby ordered that the work be done and improvements be made, together with appurtenances and appurtenant work in connection therewith, including acquisition where appropriate, in said Assessment District, as set forth in the Resolution of Intention previously adopted and as set forth in the "Report" presented and considered, and as now approved.ENGINEER'S " REPORT"Section V.That the "Report" of the Engineer, as now submitted, updated and amended as appropriate, is hereby approved and said "Report" shall stand as the " Report"for all future proceedings for this Assessment CONFIRMATION OF ASSESSMENT Section VI. That the assessments, as now filed in the Engineers "Report" and diagram for the improvements, together with appurtenances and appurtenant work in connection therewith, including acquisition where appropriate, are hereby confirmed. The assessments contained in the final Engineers "Report" are hereby levied and approved as follows: A. The final assessments to represent the costs and expenses to finance the public works of improvement, as authorized for these proceedings. B. The annual assessment to pay for administrative costs in an amount not to exceed the maximum annual assessment as set forth in said "Report". RECORDATION OF ASSESSMENT Section VII. That the City Clerk shall forthwith deliver to the Superintendent of Streets the assessment, together with the diagram attached thereto and made a part thereof, as confirmed, with his certificate of such confirmation attached and the date thereof; and that said Superintendent of Streets shall then immediately record said diagram and assessment in his Office in a suitable book to be kept for that purpose and attach thereto his certificate of the date of such recording. COUNTY RECORDER NOTICE Section VIII. Upon confirmation of the assessments and recordation of the assessment roll and diagram, a certified copy of the assessment diagram shall be immediately filed in the Office of the County Recorder. Immediately thereafter, a copy of the notice of assessment shall be recorded in the Office of the County Recorder in the manner and form as set forth by law and specifically Section 3114 of the Streets and Highways Code of the State of California. MAILED NOTICE Section IX. That upon recordation of the diagram and assessment, a notice shall be mailed to each owner of real property within the Assessment District at his last known address, as said address appears on the last equalized tax rolls of the County, said notice to set forth a statement containing a designation of the property assessed, as well as the amount of the final confirmed assessment, and further indicating that bonds will be issued pursuant to the "Improvement Bond Act of 1915". PUBLICATION Section X. That notice shall also be given by publication in the designated legal newspaper, said notice setting forth the amount of the final assessment and indicating that said assessment is now due and payable, and further indicating that if said assessment is not paid within the allowed thirty (30) day cash collection period, bonds shall be issued as authorized by law. No publication shall be required if all (100%) of the assessed property owners have timely filed a properly executed waiver of the cash collection period. ASSESSMENT COLLECTION Section XI. The County Auditor is hereby authorized and directed, in accordance with the provisions of Section 8682 of the Streets and Highways Code of the State of Califomia, to enter into his assessment roll on which property taxes will next become due, opposite each lot or parcel of land affected, in a space marked "public improvement assessment" or by other suitable designation, the next and several installments of such assessment coming due during the ensuing fiscal year covered by the assessment roll and that said entry then shall be made each year during the life of the bonds for the proceedings for the above-referenced Assessment District. This authorization is continual until all assessment obligations have been discharged and the bonds terminated.As an altemate, and when determined to be in the best interests for bondholders of the Assessment District, this legislative body may, by Resolution,designate an official other than the County Tax Collector and/or other agent, to collect and maintain records of the collection of the assessments, including a procedure other than the normal property tax collection procedure.Section XII.In accordance with the provisions of Section 8685 of the Streets and Highways Code, if any lot or parcel of land affected by any assessment is not separately assessed on the tax roll so that the installment of the assessment to be collected can be conveniently entered thereon, then the Auditor shall enter on the roll a description of the lot or parcel affected, with the name of the owners, if known, but otherwise the owners may be described as "unknown owners", and extend the proper installment opposite the same.ASSESSMENT VERIFICATION STATEMENT Section XIII.The County Auditor shall, within 90 days after any special assessment installment becomes delinquent, render and submit a detailed report showing the amounts of the installments, interest, penalties and percentages so collected, for the preceding and installment date, and from what property collected, and further identify any properties which are delinquent and the amount and length of time for said delinquency, and further set forth a statement of percentages retained for the expenses of making such collections. This request is specifically made pursuant to the authorization of Section 8683 of the Streets and Highways Code of the State of Califomia. ASSESSMENT DISTRICT FUNDS Section XIV. The Treasurer is hereby authorized at this time, if not previously done, to establish the following funds as necessary for the payment of costs and expenses and administration of the proceedings for this Assessment District: A. IMPROVEMENT FUND: All monies received from cash collections, proceeds from the sale of bonds and applicable contributions shall be placed into the Improvement Fund. B. RESERVE FUND: All monies as designated to assist in the payment of delinquencies shall be placed into the Reserve Fund. C. REDEMPTION FUND: All monies received from the payment of assessments shall be placed in the Redemption Fund. For particulars as to the administration and handling of the Funds, the specific terms and conditions shall be set forth in a Bond Indenture to be approved by the subsequent adoption of a Resolution Authorizing the Issuance of Bonds. ADOPTED this 9th day of January 1996. ATTEST: Ad4.uA!a &(7P7f;r0~ Cassandra J. Ca cart, City Clerk of the City of Orange I hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Orange at a regular meeting thereof held on the 9th day of January, 1996, by the following vote: ity of Orange AYES: COUNCIU,1EMBERS: MURPHY, BARRERA, MAYOR COONTZ,SPURGEON,SLATER NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE L1 heart, City Clerk of the City of Orange