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improvement and private property, this Council determines that it is <br /> in the public interest and more economical to eliminate the <br /> disparity hy doing work on the privatesproperty instead of adjusting <br /> the work on public property. Accordingly, work may he done on <br /> private property for this purpose with the written consent of the <br /> landowner. <br /> <br /> Serial bonds representing unpaid assessments, and hearing <br /> interest at a rate not to exceed twelve percent (12%) per annum, <br /> will he issued in the manner provided hy the Improvement Bond Act of <br /> 191B (Division 10, Streets and Highways Code), and the last <br /> installment of the bonds shall mature nineteen (19) years from the <br /> second day of September next succeeding twelve (12) months from <br /> their date. <br /> <br /> The procedure for the collection of assessments and <br /> advance retirement of bonds under the Improvement Bond Act of 1915 <br /> <br />· .shall he as provided in Part ll.1, Division 10~ of the Streets and <br /> <br /> Highways Code of the State of California. <br /> <br /> This Council finds that the Special Assessment <br /> Investigation, Limitation and Majority Protest Act of 1931 <br /> (commencing with Section 2800, Streets and Highways Code) does not <br /> apply to these proceedings. <br /> <br /> This Council appoints Bissell ~ Karn, Inc. as Engineer of' <br /> Work for this project, and directs the preparation of the report <br /> required hy Section 1020~ of the Streets and Highways Code. <br /> <br /> In the opinion of this Council, the public interest will <br /> not he served hy allowing owners'of ~ssess~hle lands to enter into a <br /> contract for the work of improvement as otherwise permitted in <br /> <br /> <br />