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CC RES 1986-045RESOLUTION N0, 86 -45 A RESOLUTION OF THE CITY COUNCIL OF THE CITY - OF RANCHO PALOS VE RDES INSTITUTING PROCEEDINGS, ACKNOWLEDGING WAIVER OF DEBT LIMIT INVESTIGATION PROCEEDINGS AND DIRECTING PREPARATION OF RESOLUTION OF INTENTION FOR THE CONSTRUCTION OF SANITARY SEWERS AND APPURTENANT WORK IN LA VISTA VERDE AND OTHER RIGHTS OF WAY WHEREAS, a petition for proceedings for construction of sanitary sewers in La Vista Verde and other Rights -of -Way, signed by persons representing ownership of 63% of the area of lands in the district hereinafter proposed to be assessed for the improvement, including waiver of debt limit proceed- ings required by Division 4, Streets and Highways Code, has been presented to the City Council of the City of Rancho Palos Verdes; and WHEREAS, the intent of the City Council is to acknowledge the waiver of debt limit investigations proceedings pursuant to Section 2804 of said Di- vision 4; and WHEREAS, it is desirable that the City of Rancho Palos Verdes now in- stitute proceedings and direct preparation of a resolution of intention for the proposed improvement; and WHEREAS , the City of Rancho Palos Verdes will be reimbursed for all costs incurred in the formation of said proposed improvement from the fund to be established for this improvement. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES , CALIFORNIA, RESOLVES AND DECLARES AS FOLLOWS: 11 The public interest and convenience require the construction of sanitary sewers and appurtenant work in La Vista Verde and other Rights -of- Way within the assessment district proposed therefor, substantially as in- dicated on the map attached to the petition requesting the improvement. 2. That said petition filed with the City Council is adequate and signed, by the required number of owners to waive the debt limitations pre- scribed by Division 4, Streets and Highways Code. Therefore, the provi- sions of said Division 4 do not apply. 3. Proceedings are hereby instituted for the construction of sanitary sewers and appurtenant work in La Vista Verde and other Rights -of -Way with- in the assessment district proposed therefor. 4. The District of Lands proposed to be specially assessed to pay the cost of said improvement shall include in general the area included within the bound line as shown on the map attached to the petition requesting the improvement. 703CP /RES12.1 5. The City proposes to pay no money toward the total cost of the im- provement from any source other than the funds generated from special assessments upon benefitted property. 6. This project shall be known as Rancho Palos Verdes Improvement Dis- trict No. 8, La Vista Verde et al. 7. The City's Assessment Engineer is hereby directed to prepare the resolution of intention, all other necessary resolutions, reports, plans, specifications, estimates, maps, notifications, proposal forms, contract forms, bond forms, and any other acts, service or forms necessary to com- plete this project in accordance with the provisions of Division 12 of the Streets and Highways Code under which the proceedings are to be conducted. PASSED , APPROVED and ADOPTED on July 15, 1986. ATTEST: CITY CLERK Skate of California ) County of Los Angeles ) ss City of Rancho Palos Verdes ) I$ JO PURCELL, City Clerk of the City of Rancho Palos Verdes, hereby certify that the above Resolution No. 86 -45 was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on July 15, 1986. City C erk Citl Of Rancho Palos Verdes 703CP /RES12.2 -2- Resolution No. 86 -45