HomeMy WebLinkAboutReso 1987-13030 RESOLUTION NO. 13030
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROPRIATING FUNDS FROM THE
UNAPPROPRIATED BALANCE OF THE EASTLAKE
ASSESSMENT DISTRICT 86-1 IMPROVEMENT FUND
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, in July 1986, EastLake Assessment District 86-1
was formed by the City to acquire certain improvements in the
"Hills and Shores" area of the EastLake Development under the
1913/15 Acts of the Streets and Highway Code,
WHEREAS, these improvements consisted of sewer,
drainage, water and street facilities and the subject of this
resolution relates to water facility improvements, and
WHEREAS, a series of agreements were executed by the
City, Otay Water District and EastLake Development Company to
assure that the Otay Water District would be the ultimate owner
of the water facilities and be reimbursed for their costs
associated with the construction/inspection of these facilities,
and
WHEREAS, the Otay Water District, pursuant to these
agreements, has submitted an invoice for payment of expenses they
incurred to complete the inspection and administration of the
Assessment District work, and
WHEREAS, sufficient funds are available from the
unappropriated balance of the EastLake Assessment District 86-1
Improvement Fund to cover the added cost and according to Warren
Diven, Bond Counsel for the Assessment District, this is an
appropriate use of these funds.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Chula Vista does hereby appropriate $88,824 from the
unappropriated balance of the EastLake Assessment District 86-1
Improvement Fund as follows:
TO ACCOUNT NO. AMOUNT SOURCE OF FUNDS
625-6250-5201 $23,424.00 Investment Earnings on bond
proceeds
625-6250-5569 65,000.00 Otay water District cash
contribution
Presented by Approved as to form by
J~n ~. L~p~it[, Director of Ann'Moore, Deputy City Attorney
Public Works/City Engineer
2869a
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this 12th day of May
1987 , by the following vote, to-wit:
AYES: Counci]members Malcolm, McCanO. liss, Moore, Nader
NAYES: Cound 1 members None
ABSTAIN: Counc"i ] members Cox
None
ABSENT: Counc~ 1members
~Vista
ATTEST ~ ~ ~
City Clerk
S.../E OF CALIFORNIA )
COUNTY OF SAN DIEGO ) Ss.
CITY OF CHULA VISTA )
I, JENNIE M. FULASZ, CMC, CITY CLERK Of the City of Chula Vista, California,
DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION N0. 1.~0:~0
,and that the same has not been amended or repealed
DATED
City Clerk
CIIY OF
CHUIA VISTA
CC-BGO