1990/11/13 City Council Resolution (5)RESOLUTION NO. 90 -2467
RESOLUTION OF THE COUNCIL OF THE CITY OF ROHNERT PARK
DECLARING A SURPLUS IN HINEBAUGH CREEK ASSESSMENT DISTRICT
(PROJECT 1972 -03) AND AUTHORIZING TRANSFER OF BALANCE
TO THE GENERAL FUND
WHEREAS, the Council of the City of Rohnert Park, pursuant to
its Resolution of Intention To Issue Bonds, provided for the
acquisition and construction of certain _improvements and for the
collection of assessments to pay the costs thereof; and
WHEREAS, assessments were levied and bonds were issued against
unpaid assessments; and
WHEREAS, following the completion of the acquisition and
construction of the improvements and payment of all incidental
expenses, a balance of $8,543.01 remains in the improvement fund
for said project; and
WHEREAS, the general fund of the City has paid out a greater
amount than is presently existing in said fund for the maintenance
of the improvements constructed in said proceedings and that it is
in the public interest that the amount of said surplus, to the
extent of advances of maintenance costs by the City, be transferred
to the general fund of the City.
NOW, THEREFORE, BE IT RESOLVED, by the Council of the City of
Rohnert Park as follows:
1. That the balance remaining in the improvement fund for
said project in the sum of $8,543.01 be, and it is hereby, declared
surplus.
2. The surplus in said fund in the amount of $8,543.01 be,
and it is hereby, ordered transferred from the improvement fund of
said project to the general fund of the City to reimburse advances
of maintenance costs heretofore made by the City.
DULY AND REGULARLY ADOPTED this 13th day of November, 1990.
CITY OF ROHNERT PARK
1 i Jll�ll Mayor
ATTEST rte,