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CC - 1985-53 - Street Superintendents report• 0 RESOLUTION NO. 85-53 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD, CALIFORNIA, CONFIRMING THE STREET SUPERINTENDENT'S REPORT --AND ASSESSMENTS THEREIN WHEREAS, the City Council has reviewed the Streets and Highways Code, 1911 Improvement Act, Chapter 27, Section 5895; and WHEREAS, the City Council at its regular meeting of July 8, 1980 adopted the following policy statement for payment of assessments in annual installments, to wit; "All assessments shall be due and payable within the fiscal year in which the assessment is levied. Installment payment, not to exceed five annual installments, may be arranged for those owners of property who request installment payment of an individual assessment and who demonstrate that substantial financial hardship will result from the imposition of a one year assessment. For purposes of this policy, substantial economic hardship shall be defined as a material reduction in the standard of living for the owner of the property and his family, if any." WHEREAS, the assessments are hereby confirmed for properties listed in Exhibit "A"; and WHEREAS, the assessments are hereby confirmed for the properties listed in Exhibit "B", establishing an installment payment plan. SECTION 1. In accordance with Section 5883 of the Streets and Highways Code, the report of the Street Superintendent with respect to the Construction of Improvements and the proposed assessments set forth therein are hereby confirmed. SECTION 2. In the event that said assessments are not paid within five (5) days from the date hereof, the Street Suprintendent is directed to record a Notice of Lien in the office of the County Recorder and turn over a Notice of Lien to the Tax Collector for delivery to the County Auditor for entry on the County Assessment books opposite descriptions of the parcels concerned. PASSED, APPROVED AND ADOPTED, this 26th day of November, 1985. Y R OF THE CITY OF ROSEMEAD ATTEST: CITY CLERIC