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HomeMy WebLinkAbout5528-12.10.1923 k. K f DIEECTIzIC THE IS`: UANCE OP STREET I iP. OV,1 ENT : ONLS IN P;:YL ElT 2OR PAVII TEE VARIOUS STREETS UNDER CONTTIACT NO. 14. WHEREAS on the 27th day of March, 1923, the Bryant Paving Company entered into a contract with the City of Yaterloo, Iowa for the construction of street improvements under Paving Contract No. 14 by paving the following streets, to-wit : West Fourth Street from the end of the present paving to the City limits , a width of 24 ft. Moir Street from the yorth line of Reber Ave. to the north line of Lot 21, Block 3, Prospect Heights Addition, 24 feet wide. Sttuirrit Avenue from the east line of Moir Street to the west line of Sullivan Street , a width of 24 ft. Sullivan Street from the north line of Summit Avenue to the north line of West Second Street , a width of 24 ft. Baltimore Street from the south line of Eureka ' Street to a point 140 feet south of the south line of Mitchell Avenue , a width of 24 feet . rant Avenue from the southeast line of 1 est Eighth Street to the northwest line of Ninth Street ; also from the southeast line of Ninth Street t the west Sorb line of Hammond Avenue , a width of 24 feet. Randolph Street from the s utheast line of West Ran Ninth street to the north line Gant Avenue , a width of 24 feet. Wellingtontreet from the southeast line of ':.Test Ninth Street to the west line ofRandolph Street , a width of 30 feet . Maryland Avenue from the northeast line of Frederick Ave to the west line of Lovejoy Avenue, a width of 24 feet. Burton Avenue from the north line of Park Drive to the end of the present paving near the Waterloo , Cedar falls & Northern Railway, a width of 24 feet. Broadway Street from a point 52 ft. south of the south line of Conger Street to the north line of aiehl Street , a width of 7 feet in the center of the street . Center Street a strip in front of Lot 21, Block 5, nicker and. Bratnober Land Company Addition between the two tracks of the W yt'. C . P. & N. R. hh. , a width of 40 feet . Columbia Street from the south line of 'Tliehl Street to the north line of Conger Street , a width o 24 feet. - 2 - Cutler Street from the north line of Riehl Street to the weath line of Parker Street , a width of 24 feet. Kern Street from the east line of Cutler Street to the west line of Logan Avenue, a width of 24 feet . Webster Street from the west line of 2ourth Street to the east line of Logan Avenue, a icth of 24 feet. Elm Street from the south line of Independence Ave. to the north line of Cortiandt street ; from the south line of Cortlandt Street to the north line of _blowier Street ; from the so south line of Franklin Street to the north line of Lafayette Street from the south line of Lafayette Street to the north line of sycamore Street ; from the south line of Sycamore Street to the north line of the I. C. R. R. frei;-ht line right of way on Water Street , a width of 30 feet. idohawk Street from the north line of Independence Avenue to the south line of Glenwood Street , a width of 24 feet . Glenwood Street from the west line of Cherry Street to the West right of way line of the I. C. R. h. , a width of 30 feet from the west line of the I. C. H. H. rteht of way to the west curb line of Steely Street , a width of 24 feet . Cherry Street from the north line of Independence Avenue to the north curb line of Glenwood street , a width of 20 feet . Independence Avenue from the west line of Idaho Street to the east line of Idaho Street. WHEBelAS the Bryant Eaving Company, contractor, has fully com- pleted the said work, in accordance with the terms of its contract , and the said work has been duly accepted by this Council as fully complying with all t rms, conditions, stipulations and requirements of said con- tract and the plans and specifications for the said work; and WTURZ,AS under the terms of the said contract , and of the resolution ordering the construction of said improvement , so much of the cost and expenses of the said improvement as is by law assessable against property abutting thereon or adjacent thereto ( and aeesainst the real estate and personal property of railway and street railway companies whose tracks, station ,frounds or rights of way are located thereon, abut thereon or are adjacent thereto) is to to be assessed , and bonds are to be issued in anticipation of the collection of such assessments, and payment is to be made to the contractor under the terms of his contract to the amount of such special assessment by issuing and delivering such bonds to him; and 455 lOw 3 - WHEREA6 the amount which can be assessed is 014 , 579.78. NOW THEREPORp; BE IT RES0LI70 iY T7L] COUNCIL O TIE CITY OF WATERLOO, I0\:A, that in anticipation of the collection of the special assessments which have been made against Private property abutting upon or adjacent to the streets for and on account of the cost and expense of such improvement ) including railways and street railways liable for the payment thereof) there be issued by the City of Waterloo , Iowa, Street improvement Bonds to the amount of w149,579.78. Said bonds shall be issue( under the provisions of Chapter Eight , Title V of the Code of Iowa, and amendments thereto, shall bear date of October 22n6 , 1923 , A. and snail be of the denomination of 4 ,000 each, except there shall be one bond of the amount of -y579 .78. They shall cc numbered from 122 to 271 inclusive , and shall be divided in ten series , of which the bond numbered 122 shall constitute the first series and shall be payable on May 1st , 1925; bonds numbered from 123 to 150 both inclusive shall constitute the second series and shall be payable hay let , 1925; bonds numbered from 151 to 165 both inclusive shall constitute the third series and shall be payable hay 1st , 1926; bonds numbered from 166 to 180 both inclusive shall constitute the fourth series and shall be payable hay 1st , 1927; bonds numbered from 181 to 195 both inclusive shall constitute the fifth series and shall be payable May 1st , 1928; bonds numbered from 196 to 210 both Inclusive shall constitute the sixth series and shall be payable hay 1st , 1929 ; bones numbered from 211 to 225 both inclusive shall constitute the seventh series and shall be payable hay 1st , 1930 ; bonds numbered 226 to 240 both inclusive shall con- stitute the eighth series and shall be payable hay let , 1931; bonds number- ed from 241 to 255 both inclusive shall constitute the ninth series and shall be payable hay 1st , 1932; bonds numbered. from 256 to 271 both inclusive shall constitute tie tenth series anc snail be payable May 1st , 1933. Said bonds shall bear interest at the rate of 6) per annum, which interest shall be payable annually, in accordance wtth the terms of the coupons thereto attacnec , and said bonds shall be payable out of the proceeds of the special assessment acove referred. to. Both principal and interest shall be payable at the office of the City Treasurer in tae City of haterloo, Iowa. z>aid bonds shall be suEstantially tne following form: c5c1' NO. 4,000.O0 STREET I% EzOVEL NT BOND OF THE CITY OF WATERL00, BLACK HAWK CO. I 0 W A. THE CITY OF WATERLOO, IOTA, promises to pay, as hereinafter stated , to the bearer hereof, on the first day of May, . I . 19 , or at any time before that date at the option of the City of Waterloo, Iowa, upon giving thirty days' notice to the holder of same as shown oy the City Treasurer' s records , the sum of R T T 9 :fl 1�j i �." A"� •� E THOUSAND DOL�ARS with interest thereon at the rate of six per cent ( 6 0) per annum, payable on the presentation and surrender of the interest coupon hereto attached. Both principal and interest of this bond are payable at the office of the City Treasurer in the City of Waterloo , Iowa. This bond is issued by the City of Waterl-)o, Iowa, under and by virtue of tile provisions of Chapter Eight , Title V of the Code of Iowa, and amendments thereto , and a certain resolution of the City Council of said City, duly passed on tie -- day of , A. D. 1923. This bond is one of a series of bonds of like tenor, date , and amount , except one bond is for 079 .78, numbered from 122 to 271 inclusive and is issued for paying the co st C0pa inginon a por ion of West Fourth Street , Moir Street , Summit Avenue, Sullivan Street, Baltimore Street , Grant Avenue, Randolph street, '= ellin=ton street , Maryland Avenue , Burton Avenue, Broadway Street , Center Street , Columbia Street, Cutler street, Kern Street , Webster Street , Elm Street , Mohawk Street , Glenwood Street , Cherry Street , and Independence Avenue, as described in said resolution in s= id City, which cost and expense are payable by assessment of all lots and parcels of land according to area so as to include one-half of the privately owned property between the street improved and the next street , whether such privately owned property abuts upon said street or not , but in no case snail priavately owned property situated more than three hundred feet from the street so improved be so assessed; and it is made by law a lien against all of said abutting and aajacent property as hereinbefore mentioned and payable in ten annual installments with interest on all de- ferred payments at the rate of six per cent ( 60) per annum, and this bond V is payable only out e ' the fund created by special assessment .against said property, the proceeds of which can be used for no other purpose. AID IT IS "'K-.3Y CEhTIdlIED NL REOI L t h-a_t all the acts, conditions and thins reuired to be crone precedent to and in the issuing, of this series o f bonds have been cone, happened and performed , in regular and cue form as required by said law and resolution; and for the assess- ment , collection and payment heron of said special tax the full faith and diligence of said CITY ON' WATERLOO, I.(; 'A, are irrevocably pledged . I�T f'i..]s�m � .fir.,. ;'_s City Waterloo ,TEST IL O?��Y _ EOF , the City of Iowa , by its City Council, has caused this bond to be signed by its l ayor and countersiVned by its City Clerk with the seal of said City affixed, and this bond to be dated on the 2 2nd. day of October, A. L. 19 3. Mayor of City of `-ater' Iowa. Countersigned: City Clerk of City of aterloo, Iowa. BACK 02 BOND. Street Improvemnt Bond of the City of Waterloo , Black Hawk County, Iowa. .?1O00.00 Payable at the office of the Treasurer of the City of V:aterloo , Iowa. Dated. October 22nd , 1923. Rate of Interest -- 1-;ix per cont . Interest Payable Annually. ja.atur es Lay 1st , 19 Contract No. 14 . Registered in my of'ice this day of A. I. 19 City Treas. V01-11. 02 COUPON Bond No. Contract No. 14 On the first day of gay, , the City of Waterloo, Iowa, promises to pay the bearer as provided on said bond the sum of at the office of the City Treasurer of Said City, being one year's interest on its street improvement bond dated October 22, 1923. : a yo r, Countersigned: City Clerk, BE IT 'UhT 'IR RESO1WED that the Mayor and City Clerk be and they are hereby instructed to cause such bonds to be prepared any when so prepared to execute said bonds ; and that the City Clerk be and he is hereby instructed to register the said bonds in a book to be kept for the purpose, end to then deliver the same to the City Treasurer, who shall also register the same in a book to be kept by him for that purpose, and deliver the bonds to the Bryant Paving Company or its assigns. Adopted , passed and approved this1,'1,A day o?f. ' y' ; , 1923 t=yor, t 1 02 TkE CITY O1 WATEhLC , IOW A..