HomeMy WebLinkAboutReso 1997-18823 RESOLUTION NO. 18823
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROPRIATING $1,756,440 FROM FUND 222, THE
TRUNK SEWER CAPITAL RESERVE FUND, TO FINANCE A
PORTION OF THE POGGI CANYON TRUNK SEWER AND
TRANSFERRING IT TO A NEW FUND FOR THE POGGI CANYON
TRUNK SEWER DIF
WHEREAS, passage of the "Ordinance Establishing the Poggi Canyon Sewer Basin
Development Impact Fee to Pay for Sewer Improvements within the Poggi Canyon Sewer
Basin" and "Resolution Adopting Negative Declaration IS 98-06 for the Establishment of the
Poggi Canyon Sewer Basin Development Impact Fee" will require the transfer of $1,756,440
in FY 97-98 from Fund 222, the Trunk Sewer Capital Reserve Fund; and
WHEREAS, there is sufficient money available in Fund 222 for the transfer; and
WHEREAS, the total DIF contribution is approximately $4,376,544; and
WHEREAS, the DIF mechanism allows developers to either build portions of the system
and receive DIF credits or pay the fees in cash; and
WHEREAS, any fees collected will be specifically used for construction of sewer
improvements in the Poggi Canyon Basin and said fee will be adjusted to reflect the varying
cost of construction and inflation and any changes in proposed development within the basin.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby appropriate $1,756,440 from Fund 222, the Trunk Sewer Capital Reserve Fund, to
finance a portion of the Poggi Canyon Trunk Sewer and transferring said funds to a new fund
for the Poggi Canyon Trunk Sewer DIF.
Presented by Approved as to form by
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Resolution 18823
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 25th day of November, 1997, by the following vote:
AYES: Councilmembers: Moot, Padilia, Rindone, and Horton
NAYES: Councilmembers: None
ABSENT: Councilmembers: Salas
ABSTAIN: Councilmembers: None
Shi rl~ay~or~'''~'~
ATTEST:
~Authelet, City Clerl~
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STATE OF CALIFORNIA ) '
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 18823 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 25th day of
November, 1997.
Executed this 25th day of November, 1997
~uthelet, City Clerk