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RESOLUTION NO. 81-180 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA DETERMINING UNPAID ASSESSMENTS AND THE MANNER OF PAYMENT THEREOF AND LISTING BONDS ISSUED ON THE SECURITY THEREOF WHEREAS, this City Council has taken proceedings under the Municipal Improvement Act of 1913, Division 12 of the Streets and Highways Code, and has confirmed an assessment which was recorded on the 23rd day of September, 1981, in the office of the Superintendent of Streets and the Assess- ment Diagram and Notice of Assessment in the office of the County Recorder of Orange County on September 24, 1981; and WHEREAS, the proceedings provided that bonds would be issued pursuant to the Improvement Bond Act of 1915, Divi- sion 10 of said Code; and WHEREAS, a list of unpaid assessments has been filed in the office of the Treasurer of the City of Santa Ana pursuant to Section 8620 of the Code, the aggregate amount of which is $3,150,000 ; and WHEREAS, this City Council has, pursuant to Section 8650.1 of the Streets and Highways Code, established the denomination of the bonds and the amounts to mature each year which is other and different than that provided in Section 8650 of the Streets and Highways Code; and WHEREAS, the bonds are 630 in number, the bonds are numbered in consecutive numerical order, beginning with the earliest maturity, and are numbered from 1 to 630 The bonds are dated November 15, 1981. The first payment of interest is payable on January 2, 1983, and thereafter the interest is payable semi-annually on July 2 and January 2 of each year. The bonds mature on July 2 in the amounts and years and bear interest from their dates at the rates set forth as follows: AMOUNT YEAR (JULY 2) INTEREST RATE $ 5,000 110000 125000 135 000 150 000 165000 180000 200000 220 000 240000 270.000 290 000 320 000 350000 390000 1983 10% 1984 10% 1985 10% 1986 10% 1987 10% 1988 10% 1989 10% 1990 10% 1991 10% 1992 10% 1993 10% 1994 10% 1995 10% 1996 10% 1997 10%