HomeMy WebLinkAboutResolution No. 1486 2270
RESOLUTION NO. / d
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
ESTABLISHING A POLICY FOR PAYMENTS OF ASSESSMENTS
LEVIED UNDER AND PURSUANT TO CHAPTER 27 OF PART 3,
DIVISION 7 OF THE STREETS AND HIGHWAYS CODE OF THE
STATE OF CALIFORNIA
WHEREAS, the City Council has initiated a program within the
City of Downey for the purpose of doing certain work under and pur-
suant to Chapter 27 of Part 3, Division 7 of the Streets and Highways
Code of the State of California.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES
RESOLVE AS FOLLOWS:
SECTION 1. It is determined that unless otherwise expressly
provided, payments of such assessments for work performed in accord-
ance with the aforementioned statutes shall be made as follows:
a. Payments of $150.00 or less shall be made in one
annual installment;
b. Payments between $150.00 and $600.00 shall be made
in 3 annual installments;
c. Payments of $600.00 or more shall be made in 10
annual installments.
SECTION 2. All aforesaid assessments shall bear interest on the
unpaid balance at a rate of 6% per annum, said interest to begin on the
31st day after the confirmation of the assessment.
SECTION 3. The City Clerk shall certify to the adoption of this
resolution and thenceforth and thereafter the same shall be in full
force and effect.
APPROVED AND ADOPTED this - day of t z: _ i
1964.
CA.414/04 )c
Mayor
ATTEST:
City Clerk
I HEREBY CERTIFY that the foregoing resolution was adopted at a
regular meeting of the City Council of the City of Downey on the
day of , 1964, by the following vote:
AYES: Councilmen : / p -� -%�
NOES: Councilmen:
ABSENT: Councilmen:
ti f
City Clert