1990/11/13 City Council Resolution (6)RESOLUTION NO. 90 -250
RESOLUTION OF THE COUNCIL OF THE CITY OF ROHNERT PARK
DECLARING A SURPLUS IN SNYDER LANE NORTH ASSESSMENT
DISTRICT (PROJECT 1980 -24) AND AUTHORIZING TRANSFER
OF BALANCE TO THE CAPITAL PROJECT FUND TO BE USED FOR THE
SNYDER LANE LEFT HAND TURN LANE (PROJECT 1990 -13)
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 $35,607.54 remains in the improvement fund
for said project; and
WHEREAS, since the Snyder Lane Left Hand Turn Lane (Project
1990 -13) is an addition to the improvements financed by said
assessment district, it would be proper to transfer the balance in
said assessment district to the capital project fund to help defer
the costs of the left hand turn lane.
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 $35,607.54 be, and it is hereby,
declared surplus.
2. The surplus in said fund in the amount of $35,607.54 be,
and it is hereby, ordered transferred from the improvement fund of
said project to the capital project fund to be used in the Snyder
Lane Left Hand Turn Lane (Project 1990 -13).
DULY AND REGULARLY ADOPTED this 13th day of November, 1990.
CITY OF ROHNERT PARK
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Mayor
ATTEST