HomeMy WebLinkAboutAgenda Statement 1973/01/09 Item 04AGENDA ITEM NOo [ 4]
CHULA VISTA CITY COUNCIL MEETING OF: January 9, 1973
ITEM TITLE: Resolution - Approving the City Engineer's Recommendation
Regarding Repayment of Sewer Facilities in the Vicinity of
Hilltop Drive between "L" Street and Donahoe Street
IPdITIATED BY: Director of Public Works/City Engineer
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BACKGROUND:
Sewer facilities, including gravity sewer main and pumping facilities,
in the vicinity of Hilltop Drive between "L" Street and Donahoe Street
have recently been completed. The project was financed in part by
direct cash participation by certain of the benefiting property owners,
and in part through an advance of City funds.
An agreement between the City and the property owners (approved as
Resolution No. 6363) stipulated the manner in which the cost of the
project was to be divided among the benefiting property owners.
The City Engineer has now prepared his formal recommendation. regarding
the method of repayment to the City of funds advanced in behalf of
non-participating property owners. The recommendation includes
imposition of simple 4% interest to a maximum of ten years commencing
January 1, 1973.
This recommendation is submitted by the City Engineer for approval by
the City Engineer for approval by the City Council in accord with
Section 26.403 (b) of the City Code.
A transparency is available for Council viewing.
ATTACHED: Resolution [X] Ordinance [ ] Agreement [ ] Plat [ ]
See EXHIBITS [X] No~ 1,2
Financial Statement:
City funds in the amount of $6,111.92 have been
advanced for this construction. Reimbursement will be
secured (plus interest) at time of connection by each
of four now unconnected properties.
Commission-Board Recommendation:
N.A.
Department Head Recommendation:
Recommends approval.
City Manager Recommendation:
Concur with Department Head
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