Reso 0498-12/1978 RESOLUTION NO. 498
RESOLUTION OF THE BOARD OF DIRECTORS
OF SAN MARCOS COUNTY WATER DISTRICT,
CALIFORNIA, DETERMINING UNPAID ASSESS-
MENTS AND THE MANNER OF PAYMENT THERE-
OF AND LISTING THE BONDS TO BE ISSUED
ON THE SECURITY THEREOF
Assessment District No. 76-1
WHEREAS, this Board of Directors has taken proceedings under
the Municipal Improvement Act of 1913, Division 12 of the Streets and
Highways Code, and has confirmed an assessment which was recorded on
October 20, 1978, in the office of the Superintendent of Streets; and
WHEREAS, the assessment diagram and notice of the assessment, as
prescribed in Section 3114 of said Code were recorded by the
Superintendent of Streets with the County Recorder of San Diego County
on October 20, 1978, whereupon said assessment was attached as a lien
upon the property assessed as provided in Section 3115 of said Code;
and
WHEREAS, said proceedings provided that bonds would be issued
pursuant to the Improvement Bond Act of 1915, Division 10 of said Code;
and
WHEREAS, a list of unpaid assessments has been filed in the Office
of the Auditor of the San Marcos County Water District pursuant to
Section 8620 of said Code and the Superintendent of Streets has listed
all of the assessments as unpaid and that the aggregate amount of unpaid
assessments is the amount of $898,400; and
WHEREAS, the bonds proposed to be issued are 180 in number, are
numbered in consecutive numerical order from 1 to 180, inclusive, begin-
ning with the earliest maturity. Said bonds are of the denomination of
$5,000 each, except that Bond No. 1 is in the amount of $3,400. Said
bonds are dated January 2, 1979 and bear interest from their date at a
rate or rates hereafter to be fixed, but not to exceed eight percent (8%)
per annum. The first pa3nnent of interest is payable on January 2, 1980,
and thereafter the interest is payable semiannually on July 2 and January 2
of each year. Said bonds shall mature on July 2 in the amounts and years
as follows:
Principal Principal
Year Maturing Year Maturing
1980 $ 3 400 1990 $45,000
1981 20 000 1991 45,000
1982 25 000 1992 50,000
1983 25000 1993 55,000
1984 25 000 1994 60.000
1985 30 000 1995 65,000
1986 30.000 1996 70,000
1987 35000 1997 75,000
1988 35 000 1998 80,000
1989 40.000 1999 85,000
NOW, THERFORE, the Board of Directors of the San Marcos County Water
District DOES HEREBY, RESOLVE, DETERMINE AND ORDER as follows:
Section 1. The unpaid assessments upon the security of which the
bonds are to be issued are determined to be as set forth in the recitals
hereof.
Section 2. Said unpaid assessments shall be payable in the manner
provided in Sections 8760 et seq. of the Streets and Highways Code and
shall be payable in the same manner and at the same time and in the same
installments as the general taxes of the District on real property are
payable. Pursuant to Section 8761 of said Code, a copy of this resolution
and a copy of the list of unpaid assessments filed in the office of the
Auditor of the District shall be filed in the office of the Auditor of
San Diego County, California. Said Auditor shall enter in his assessment
roll on which taxes will next become due the amount coming due the fiscal
year covered by the applicable assessment roll pursuant to said Sections
8760 et seq.
ADOPTED, SIGNED AND APPROVED this 18th day of December, 1978,
(SEAL)
ATTEST:
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STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
I, JAMES F. McKAY, Secretary of the San Marcos County Water District,
California, DO HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Board of Directors of said District at a meeting of said
Board of Directors held on the 18th day of December, 1978, and that it
was so adopted by the following vote:
AYES: DIRECTORS: Keebaugh, Ferguson, Mahr, Blanchard
NOES: DIRECTORS: None
ABSENT: DIRECTORS: None
ABSTAIN: DIRECTORS: Smith
(SEAL)
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SAN MARCOS COUNTY WATER DISTRICT
ASSESSMENT DISTRICT 76-1
ASSESSMENT FINAL
NUMBER OWNERS NAME ASSESSMENT
222-071-02 SAN MARCOS LAKE-OCEAN VIEW PARTNERSHIP 9,399.71
222-071-03 SAN MARCOS LAKE-OCEAN VIEW PARTNERSHIP 3~,784.47
222-071-04 SAN MARCOS LAKE-OCENA VIEW PARTNERSHIP 9,475.33
222-080-16 LAKE SAN MARCOS - 153 PARTNERSHIP 18,331.96
222-081-01 LAKE SAN MARCOS - 650 PARNTNERSHIP 18,331.96
222-081-02 LAKE SAN MARCOS - 153 PARTNERSHIP 16,695.84
222-081-04 LAKE SAN MARCOS - 605 PARTNERSHIP 34,945.31
222-081-05 MC GRATH, WILLIAM H 1,718.62
222-110-04 LAKE SAN MARCOS - 605 PARTNERSHIP 9,165.98
222-110-24 MARRON RANCH - N.E. 40 ASSOCIATES 9,165.98
222-110-27 LAKE SAN MARCOS - 605 PARTNERSHIP 1,276.36
222-110-28 SD TRUST & SAVINGS BANK TR AND FROEHLICH, CW JR 71,371.92
222-110-29 MARRON RANCH - S.E. 18 ASSOCIATES 4,179.69
222-111~01 LAKE SAN MARCOS - 605 PARTNERSHIP 36,663.93
222-111-02 MC GRATH, WILLIAM H 7,447.36
222-111-03 LAKE SAN MARCOS - 605 PARTNERSHIP 26,159.71
223-030~15 SAN MARCOS LAKE - OCEAN VIEW PARTNERSHIP 8,636.65
223-031-07 HUFBAUER, CLARENCE C 56,524,01
223-040-01 SAN MARCOS LAKE - OCEAN VIEW PARTNERSHIP 68,744.87
223-040-02 RIEMENSCHNEIDER, EVELYN AND SLAUGHTER, EILEEN ET AL 4,582.99
223-040-05 FINCH, LETHA D AND BRAUN, MARTIN H .00
223-040-07 SD TRUST & SAVINGS BANK TR & FROEHLICH, CW JR ET AL 46 424.53
223-040-08 SD TRUST & SAVINGS BANK TR & FROEHLICH, CW JR ET AL 198 042.35
223-040-09 SD TRUST & SAVINGS BANK TR & FROEHLICH, CW JR ET AL 25 336.89
223-040-10 SD TRUST & SAVINGS BANK TR & FROEHLICH, CW JR ET AL 11 698.92
223-040-11 SD TRUST & SAVINGS BANK TR & FROEHLICH, CW JR ET AL 3 985.97
223-040-12 HUFBAUER, CLARENCE C 160 386.88
223-040-13 SAN DIEGO GAS & ELECTRIC COMPANY 1 921.81
$898,400.00
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