75A - PH - RESO - WARNER INDUSTRIAL ASSESSMENT DISTRICT

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SECTION 5. The Report, as now submitted, is hereby approved and such Report shall stand as the report as required by the Assessment Law for all future proceedings for this Assessment District. SECTION 6. The assessments, as now filed in the Report and diagram for the Improvements to be acquired or constructed, together with appurtenances and appurtenant work in connection therewith, are hereby confirmed. as follows: The assessments contained in the Report are hereby levied and approved The final assessments represent the costs and expenses to finance that portion of the cost of acquisition or construction of the Improvements representing the special benefit conferred by the Improvements on the parcels within the Assessment District, as authorized for these proceedings. SECTION 7. This City Council hereby finds and determines that the total amount of the principal sum of all unpaid special assessments proposed to be levied, as well as outstanding special assessments, does not exceed one -half (1/2) the total true value of the parcels proposed to be assessed under these proceedings, and this finding shall be final and conclusive. This City Council further finds that the lands to be assessed will be able to carry the burden of the proposed assessment, and it is further determined, if and as applicable, that the limitations of the amounts of assessments provided for in the Investigations Act be disregarded both with respect to the limitation of the Assessment District as a whole, and as to the limitation on individual specific assessments, as applicable. SECTION 8. The City Clerk shall forthwith deliver to the City Engineer /Superintendent of Streets the assessment, together with the diagram attached thereto and made a part thereof, as confirmed, with his certificate of such confirmation attached and the date thereof; and that such Superintendent of Streets shall then immediately record such diagram and assessment in his Office in a suitable book to be kept for that purpose and attach thereto his certificate of the date of such recording. SECTION 9. Upon confirmation of the assessments and recordation of the assessment roll and diagram, a certified copy of the assessment diagram shall be immediately filed in the Office of the County Recorder. Immediately thereafter, a copy of the notice of assessment shall be recorded in the Office of the County Recorder in the manner and form as set forth by law and specifically Section 3114 of the Streets and Highways Code of the State of California. SECTION 10. Upon recordation of the diagram and assessment, a notice shall be mailed to each owner of real property within the Assessment District at his last known address, as such address appears on the last equalized tax rolls of the County or as otherwise known to the City, such notice to set forth a statement containing a designation of the property assessed, as well as the amount of the final confirmed Resolution No. 2016 -XXX Page 4 of 8 75A -6