1991/08/13 City Council Resolution (15)RESOLUTION NO. 91- 162
A RESOLUTION DECLARING SURPLUS
AND AUTHORIZING APPLICATION THEREOF
CAMINO COLEGIO ASSESSMENT DISTRICT, PROJECT 1985 -1
WHEREAS, the Council of the City of Rohnert Park, pursuant to
its Resolution 85 -42 of Intention to Acquire and Construct
Improvements adopted March 11, 1985, provided for the acquisition
and construction of certain improvements in and for said City, as
described in said Resolution of Intention To Acquire and Construct
Improvements and for the collection of assessment to pay the costs
thereof; and
WHEREAS, assessments were levied and bonds were issued against
the unpaid assessments pursuant to the provisions of the Municipal
Improvement Act of 1913; and
WHEREAS, following the completion of construction of the
improvements and payment of all incidental expenses provided in
said Resolution of Intention To Acquire and Construct Improvements,
a balance of $275,036 remains in the construction fund for said
project; and
WHEREAS, said Council desires that said surplus remaining in
said construction fund be utilized as hereinafter set forth; and
NOW, THEREFORE, IT IS HEREBY FOUND, DETERMINED AND ORDERED, as
follows:
1. The balance of $275,036 remaining in the construction fund
for said project be, and it is hereby, declared surplus.
2. Of said sum of $275,036, the sum of $1,000 shall be paid
to City for reimbursement to City of the costs of prorating and
redistributing that portion of said surplus to be credited to each
assessment or refunded in the case of paid off assessments.
3. Of said remaining sum of $274,036, the sum of $1,000 shall
be transferred to the General Fund of the City as authorized by
said Resolution of Intention to Acquire and Construct Improvements
and pursuant to Section 10427 of the Streets and Highway Code of
the State of California.
4. As to the Diagram and Assessment numbers where the
assessment has been paid in cash, said credit shall be returned in
cash to the person or persons paying the same upon their furnishing
satisfactory evidence of such payment in the amounts shown on
Exhibit "A" hereto attached and by reference incorporated herein.
5. As to the Diagram and Assessment numbers where the
assessment or any installment thereof is unpaid, said credit shall
be applied on the earliest unpaid installment of principal and
interest in the amounts shown on Exhibit "B" hereto attached and by
reference incorporated herein, and the amount thereof shall be
transferred to the Bond Interest and Redemption Fund.
6. A certified copy of this resolution shall be transmitted
to the County Treasurer.
DULY AND REGULARLY ADOPTED this 13th day of August, 1991.
ATTEST:
4.
Deputy City C
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CITY OF ROHNERT PARR
CITY
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Mayor
ON
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AYES: w 4 NOES: ABS ENT ABSTAIN —L
EXHIBIT "A"
CAMINO COLEGIO ASSESSMENT DISTRICT, PROJECT 1985 -1
Properties with Assessments Paid
Assessment
APN
Name and Address
Amt. of Refund
3 -1 046- 051 -24
Windsong Rohnert Park Ltd.
$37,773
100 Larkspur Landing #204
Larkspur, CA 94939
10 -1 thru
various
Young America Homes
11,702
10 -55
5800 Commerce Blvd.
Rohnert Park, CA 94928
10 -55 -1
various
Young America Homes
15,059
thru
5800 Commerce Blvd.
10 -55 -48
Rohnert Park, CA 94928
11 -1
various
Young America Homes
10,998
thru
5800 Commerce Blvd.
11 -43
Rohnert Park, CA 94928
Total to be
refunded to
paid assessments
$75,532
EXHIBIT "B"
CAMINO COLEGIO ASSESSMENT DISTRICT, PROJECT 1985 -1
Assessment
1
3 -2
4
Properties with Assessments Outstanding
APN Name and Address Amt. of Credit
046- 051 -27 Hewlett Packard
P.O. Box 10301
Palo Alto, CA 94303
046- 051 -25 Bruce Richardson & Spreckels
P.O. Box 960
Watsonville, CA 95077
046- 051 -26 Hewlett Packard
3000 Hanover Street 20BF
Palo Alto, CA 94304
5 046- 051 -19 Hewlett Packard
P.O. Box 10301
Palo Alto, CA 94303
Total to be credited to unpaid assessments
$33,876
28,183
82,027
53,419
$197,504
Construction Fund - Balance as of 7/31/91
Transfer to general fund (per resolution 85 -42)
Transfer to general fund for refund processing
To be refunded or credited
Assess # APN #
1 046- 051 -27
3 -1 046- 051 -24
3 -2 046- 051 -25
4 046- 051 -26
5 046- 051 -19
10 -1 thru various
10 -55
10 -55 -1 various
thru 10 -55 -48
11 -1 thru various
11 -43
Total
85- 1REF.XLS
Owner's Name
275,036
(1,000)
(1,000)
273,036
Keep for
Amt of refund Amt of Credit Maintenance
12.40712% 33,876
13.83437' 37,773
10.32204% 28,183
30.04242% 82,027
19.56464% 53,419
4.28595% 11,702
5.51530% 15,059
4.02816% 10,998
100.00000% 75,532 197,504 0
Total allocate 273,036
Credited 197,504
Refunded 75,532
Total refund & credited 273,036