HomeMy WebLinkAboutReso 1994-17595 RESOLUTION NO. 17595
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA AUTHORIZING THE APPROPRIATION OF FUNDS FROM
FUND 637, IMPROVEMENT FUND FOR ASSESSMENT DISTRICT
NO. 90-2 (OTAY VALLEY ROAD), TO CIP PROJECT ST-123
CONTINGENT UPON SERIES B BOND SALE; AND, RENEWING
THE LIMITED CITY PLEDGE TO PROVIDE SECURITY
ENHANCEMENT FOR PARCELS IN OTAY RIO BUSINESS PARK
(ASSESSMENT NOS. 102-149)
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby authorize the appropriation of ~2,119,994 from Fund 637 to CIP Project ST-123,
contingent upon Series B bond sale; and, renewing the Limited City Pledge to provide security
enhancement for parcels in Otay Rio Business Park (Assessment Nos. 102-149).
BE IT FURTHER RESOLVED that the City Council does hereby authorize the Department
of Finance to set up the necessary expenditure accounts in Fund 637, Improvement Fund and
revenue account for the SDG&E payment.
Presented by Ap s to form
ohn P. ,orksB!uce M. rd
Resolution No. 17595
Page 2
PASSED, APPROVED and ADOPTED by the City Council of the City of Chula Vista,
California, this 2nd day of August, 1994, by the following vote:
YES: Councilmembers: Fox, Hotton, Moore, Rindone, Nader
NOES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
Tim Nader, Mayor
ATTEST:
Beverly A. Authelet~C~erk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
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. 17595 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 2rid day of August,
1994.
Executed this 2nd day of August, 1994.
S'everly A. Authele~,~,'~'l~lerk
" r I!'1 I: