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HomeMy WebLinkAbout89-123 - Contract 2462• • RESOLUTION NO.. 89 -123 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH ASSESSING THE COST OF CONSTRUCTING IMPROVEMENTS AGAINST CERTAIN REAL PROPERTY FOR P.C.C. IMPROVEMENTS IN "FINLEY TRACT, BOUND BY RIALTO CHANNEL, RIVO ALTO AND NEWPORT BOULEVARD; CONTRACT N0. 2462. WHEREAS, on November 14, 1988, the City Council directed the Public Works Director (acting as Superintendent of Streets) to notify the owners of the real property located in the Finley Tract to construct P.C.C. improvements in accor- dance with the procedure set forth in Chapter 27 of the Improvement Act of 1911 of the Streets and Highways Code; and WHEREAS, on the 13th day of November, 1989, the City Council held a hearing for the purpose of passing upon the report of the Superintendent of Streets and to hear any objections or protests by property owners liable to be assessed for such construction, and any other interested persons; NOW, THEREFORE, the City Council of the City of Newport Beach does hereby RESOLVE, DECLARE and ORDER, as follows: SECTION 1. The report filed by the Public Works Department dated November 13, 1989, concerning the work completed on the P.C.C. improvements in Finley Tract, bound by Rialto Channel, Rivo Alto, and Newport Boulevard, is hereby con- firmed, and all protests by persons owning ,property liable to be assessed for such work are overruled. SECTION 2. The cost of the construction is hereby assessed against the benefitted parcels of property fronting upon the improvements so constructed, which parcels are described by the County Assessor's parcel number, and the amounts of the assessment applicable to each parcel are hereinafter set forth: Assessment Assessor's Quantities Parcel No. in Sq. Ft. 423 -081 -7 SDWK 112 DRWY 86 423 -081 -9 SDWK 340 DRWY 99 423- 082 -13 SDWK 156.5 423 -084 -7 SDWK 495 DRWY 78 423 -084 -2 SDWK 135 423 - 085 -10 SDWK 382.5 423 -085 -8 SDWK 135 423 -085 -7 SDWK 135 -1of3- Cost Assessed (P� Sidewalk $2.90 /S.F.) (P.C.C. Driveway $4.20 /S.F.) $ 686.00 1,401.80 453.85 1,763.10 391.50 1,109.25 391.50 391.50 u SECTION 3. The assessments set forth in Section 2 hereof shall be a lien upon the respective parcel from the time of recordation of a Notice of lien, -2 of 3- Assessment Assessor's Quantities Cost Parcel No. in Sq. Ft. Assessed (P--Z .0 5-1-dewalk $2.90 /S.F.) (P.C.C. Driveway $4.20 /S.F.) 423 -085 -6 SDWK 135 391.50 423 -085 -4 SDWK 135 391.50 423 -085 -3 SDWK 35 101.50 • 423- 085 -20 DRWY 96.75 406.35 423 -091 -7 SDWK 135 391.50 423 -091 -6 SDWK 135 391.50 423 -091 -5 SDWK 135 391.50 423 -091 -4 SDWK 135 391.50 423 -091 -3 SDWK 135 391.50 423 -091 -2 SDWK 135 391.50 423 -091 -1 SDWK 593.25 1,720.42 423 -102 -9 SDWK 115 332.55 423 - 102 -10 SDWK 229.35 665.12 423 -101 -6 SDWK 108 313.20 423 -101 -7 SDWK 240 696.00 423 -101 -8 SDWK 202.5 587.25 423 -101 -9 SDWK 135 391.50 423 - 101 -10 SDWK 76.5 221.85 423 - 101 -11 SDWK 135 391.50 423 - 101 -12 SDWK 135 391.50 423 - 101 -13 SDWK 135 391.50 423 - 101 -14 SDWK 186 794.55 DRWY 60.75 423 - 101 -15 SDWK 135 391.50 423 - 101 -16 SDWK 202.5 587.25 423 -083 -6 SDWK 45 130.50 423 -083 -8 SDWK 36 104.40 423 -097 -4 SDWK 112 324.80 423 -097 -3 DRWY 72 302.40 • 423 -096 -2 DRWY 90 378.00 423 -096 -1 DRWY 72 302.40 TOTAL: $ 19,646.54 SECTION 3. The assessments set forth in Section 2 hereof shall be a lien upon the respective parcel from the time of recordation of a Notice of lien, -2 of 3- which lien shall continue until the assessment and all interest thereon is paid, or until it is discharged of record. SECTION 4. The City Council hereby determines (per payment schedule approved December 12, 1988 by the City Council) that the payment of the assessments set forth.in Section 2 may be paid as follows: A. The pay back period for assessments over $1,000 shall be five (5) years. The pay back period for assessments of $1,000 or less shall be three (3) years. B. The rate of interest to be charged for each assessed amount shall be 8% per annum. ADOPTED this 13th day of November, 1989. —A MAYOR L%Ad � W . City Attorney • -3 of 3-