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NOTICE OF SALE ON IMPROVEM]:NT BONDS CITY OF SANTA ANA, CALIFORNIA ASSESSMENT DISTRICT NO. 239 NOTICE IS HEREBY G1VEN that the City of Santa Ana, California, will receive s~al(,d bids at the Office of the City Clerk of said City in the City Hall, up to the hour of .4:00 o'clock P~M, on June 30, 1975 Said bids will be opened at said time an~ the results will thereafter be referred to the Council for considera- tion at their next regular meeting. Mailed bids should be addressed as follows: City Council c/o City Clerk 20 Civic Center Plaza Santa Ana, California 92701 Re: Assessment District ~o. 239 ~ONDS. The bonds to be sold will be secured by unpaid assessments levied upon private property within said assessment district, and are authorized by proceedings taken pursuant to the "Municlpal ImprovemeDt Act of 1913," being Division 12 of the Streets and ~ighways Code of the State of California, and are to be issued pursuant to the provisioD~ of the "Improvement Act of 1911," being Division 7 of said Cod~. Pro- ceeds from the sale of such bonds will be used to pay the costs improvement project as authorized by said proceedings. AMOUNT. The total number and aggregate of bonds to be sold can only be determined upon the expiration of the thirty (30) day cash collection payment period following the confirmation and recordation of the assess- ment and during said period, assessments may be paid ei-ther in whole or in part. The total estimated aggregate amount of assessments ~o be confirmed is $ 80,228.00 Said bonds shall be issued for all unpaid assessments or portions thereof which amount to Fifty Dollars ($50.00) or over and shall be in the respective amounts as set forth in the confirmed and recorded assessment for said district. Said bonds will be dated the 3rd day of September, 1975or the 31st day after the recording of the assessment, Whichever is later, and shall bear interest at a rate to be determined at the sale thereof, provided, however, that said rate shall be the same for all bonds, shall not exceed the maximum rate of eight peroe~t (8%) per annum. Said bonds and the coupons thereof shall b~ issued substantially in the form authorized for the issuance of bonds under Division 7 of the.. Streets and Highways Code of the State of California, and shall extend over a period ending nine ( 9 ) years from the second day of January next succeeding the next September first following their date, and an even annual proportion of the principal sum thereof shall be payable, by coupon, on the second day of January every year after the next September first following their date, until the whole is paid, and the interest shall be payable semi-annually, by coupon, on the second days of January and July, respectively, of each year following the date of the bonds. BID. Said bonds will be sold for cash only to the bidder whose bid in the opinion of the City Council will best serve the interest of owners of land included in the assessment district.