1990/02/27 City Council Resolution (11)RESOLUTION NO. 90 -50
A RESOLUTION AUTHORIZING AN AGREEMENT RELATIVE TO THE
INSTALLATION OF SIDEWALK ON THE ROHNERT PARK EXPRESSWAY
ADJACENT TO THE RANCHO VERDE MOBILE HOME PARK
WHEREAS, with the completion of the Rohnert Park Expressway from the
westerly city limits to Stony Point Road, it is desirable to have sidewalk
installed on the Rohnert Park Expressway frontage of the Rancho Verde Mobile
Home Park; and
WHEREAS, the City Engineer and City Manager have had discussions with
representatives of Carlsberg Management Company, the owners of the mobile home
park concerning the matter; and
WHEREAS, the owners of the mobile home park have agreed to cover the cost
of installation of the sidewalk but have requested that the City finance
installation of said sidewalk over a period of three (3) years at an interest
rate that would be equal to the rate earned by the City on its investment of
idle funds; and
WHEREAS, the estimated cost for the installation of the sidewalk is
$23,000.00; and
WHEREAS, the Council finds and determines that it is in the public safety
and interest to have the sidewalk installed.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Rohnert Park
that it does hereby authorize the City Manager to arrange for the installation
of the sidewalk on the Rohnert Park Expressway frontage of the Rancho Verde
Mobile Home Park with the following conditions and understandings:
1) That the owners of the mobile home park agree to reimburse the City for the
cost of installation of said sidewalk with said cost estimated to be
approximately $23,000.00.
2) That the owner of the mobile home park will be allowed to reimburse the
City for the installation of the sidewalk over a three (3) year period in
monthly installments at an interest rate that is equivalent to that which
the City earns on its investment of idle funds.
3) That the property owner will be allowed to prepay the unpaid principle
balance at any time without any penalty.
BE IT FURTHER RESOLVED by the Council of the City of Rohnert Park that it
hereby authorizes and directs the City Manager to execute any necessary
documents and agreements to implement this Resolution.
BE IT FURTHER RESOLVED that an expression of thanks and appreciation are
extended to the owner of the Rancho Verde Mobile Home Park for the cooperation
extended to the City in getting the sidewalk installed.
DULY AND REGULARLY ADOPTED this 27th day of February, 1990.
CITY OF ROHNERT PARK
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