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RESOLUTION NO. 74-168 PAGE FOUR PUBLIC CONVENIENCE AND NECESSITY SECTION 14. The Council proposed to find and determine at the hearing provided for herein as authorized pursuant to Section 17 of Article XIII of the California Constitution that the public convenience and necessity require such work, and im- provement. At said hearing the Council will hear objections to the making of such finding and determination. After such public hearing, if the Council, by no less than a four-fifths vote of all members thereof, finds and determines that the public convenience and necessity require such improvement, it may order such improvement without further proceedings in this respect to debt limitation or majority protest and specifically the proceedings and limitations of the "Special Assessment Investi- gation, Limitation and Majority Protest Act of 1931." BOND REDEMPTION SECTION 15. Legislative body hereby further elects to provide that said bonds upon redemption, shall provide a premium of five percent (5%) on the unmatured principle and said language shall be added to the redemption clause in the bond form to require the property owner to pay said redemption fund in order to pay and discharge such lien. PASSED AND ADOPTED by the City Council of the City of Santa Ana at its regular meeting held on the 18th day of November , 1974. ATTEST: CLERK OF THE ~OUNCIL STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF SANTA ANA ) Ss.: I, FLORENCE I. MALONE, do hereby certify that I am the Clerk of the Council of the City of Santa Aha; that the fore- going Resolution was introduced to said Council at its regular meeting held on the 18th day of November , 1974, and was at said meeting passed and adopted by the following vote, to wit: AYES, NOES, COUNCILMEN: Griset, Evans, Markel, Garthe, Yamamoto, Patterson, Ward COUNCILMEN: None AB~ILMEN: None / / WITHE , C TY ATTORNE ~./ MAC/K~NZ~/BROWN,~Counsel for AD 237,~