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CC RESOLUTION 4558RESOLUTION NO. 4558 A RESOLUTION DISCHARGING ASSESSMENT LIENS FOR ASSESSMENT DISTRICT NO. 73 (SEWER IMPROVEMENTS) IN ACCORDANCE WITH STREETS AND HIGHWAYS CODE § 8701. The City Council of the city of El Segundo does resolve as follows: SECTION 1: The City Council finds as follows: A. In accordance with various resolutions including, without limitation, Resolution No. 3375 adopted on January 21, 1986, the City Council established Assessment District No. 73 and assessed certain real property in accordance with Streets and Highways Code § 3114; B. A Notice of Assessment was recorded with the Los Angeles County Recorder's Office (Serial No. 86- 445584) on or about April 10, 1986; C. The real property included within Assessment District No. 73, and assessed in accordance with City Council action, are set forth in attached Exhibit 'A" which is incorporated by reference (the "Properties "); D. The assessments recorded against the Properties, which repaid bonds issued in 1986 for various sewer improvements within Assessment District No. 73, were (except for the possibility of a supplemental assessment not presently anticipated) paid in full in 2006; E. Consequently, the liens against the Properties are fully discharged; and F. It is in the public interest for the City Council to confirm that the liens against the Properties have been discharged. SECTION 2: In accordance with Streets and Highways Code § 8701, the liens against the Properties are discharged. The City Clerk, or designee, is authorized to file a Notice of Discharge of Assessment Lien ( "Notice ") with the Los Angeles County Recorder's Office regarding the Properties. SECTION 3: Neither this Resolution nor the Notice have any effect on the City Council's land use, or other, authority over the Properties because of their inclusion in Assessment District No. 73. SECTION 4: The City Clerk is directed to maintain all files related to Assessment District No. 73 for at least five years from the date the Notice is filed with the Los Angeles County Recorder's Office. SECTION 5: This Resolution will become effective immediately upon adoption. Page 1 of 2 PASSED AND ADOPTED this ATTEST: STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF EL SEGUNDO ) I, Cindy Mortesen, City Clerk of the City of El Segundo, California, do hereby certify that the whole number of members of the City Council of said City is five; that the foregoing Resolution No. 4558 was duly passed and adopted by said City Council, approved and signed by the Mayor, and attested to by the City Clerk, all at a regular meeting of said Council held on the6th day of May , 2008, and the same was so passed and adopted by the following vote: AYES: McDowell, Busch, Braun, Fisher, Jacobson NOES: None ABSENT: None ABSTAIN: None Cindy Mo esen, City C rl APPROVED AS T FOKM MARK D. HENS Y, CI A 7I)Y J By: Karl H. B rger, Assista4 City Attorney G Page 2 of 2 EXHIBIT A CITY OF EL SEGUNDO ASSESSMENT DISTRICT NO. 73 (SEWER IMPROVEMENTS) RELEASE OF LIEN ASSESSMENT NUMBER APN PROPERTY OWNER 1 4138 -07 -24 Prudential Insurance Company 2 4138 -07 -06 One Continental Plaza Inc. 3 4138 -07 -19 One Continental Plaza Inc. 4 4138 -07 -21 Investment Bankers Ltd. 5 4138 -07 -22 Continental Grand Co. 6 4138 -07 -31 Homart 7 4138 -07 -30 Homart 8 4138 -07 -26 LAX Business Center 9 4138 -07 -25 United Air Lines Inc. 10 4138 -07 -15 G & E /Grandway Venture 11 4138 -07 -16 Continental Grand Associates 12 4138 -07 -32 Chevron USA Inc. 13 4138 -07 -17 Computer Science Corporation 14 4138 -07 -18 Computer Science Corporation 15 4138 -07 -10 Ernest W. Hahn Building Assn. 16 4138 -07 -11 Kilroy - Freehold El Segundo Co. 17 4138 -07 -08 Chevron USA Inc. 18 4138 -07 -15 G & E /Grandway Venture 19 4138 -07 -15 G & E /Grandway Venture