Laserfiche WebLink
7. The Council approves the Amended En~ineer°s Report and <br />each component part of it, includin~ each exhibit incorporated hy <br />reference in the report. <br /> <br /> 8. The Council finds that the Engineer of Work, in the <br />Amended En~ineer's Report has fairly and properly apportioned the <br />cost of the improvement to each parcel of land in the assessment <br />district in proportion to the estimated benefits to he received hy <br />each parcel, respectively, from the improvement. The City Council <br />hereby confirms and levies each individual assessment as stated in <br />the Amended En~ineer's Report. <br /> <br /> 9. This City Council orders the improvement described in <br />paragraph 2 and as detailed in the Amended En~ineer's Report. <br /> <br /> 10. Serial bonds representin~ unpaid assessments, and <br />hearin~ interest at a rate not to exceed twelve percent (12%) per <br />annum, will he issued in the manner provided hy the Improvement Bond <br />Act of 191B (Division 10, Streets and Highways Code), and the last <br />installment of the bonds shall mature not to exceed twenty-four (24) <br />years from the second day of September next succeedin~ twelve (1~) <br />months from their date. <br /> <br /> 11. Accordin~ to Section 10603 of the Streets and <br />Highways Code, the City Council designates the Director of Finance <br />to collect and receive payment of the assessments. <br /> <br /> <br />