HomeMy WebLinkAboutAgenda Statement 1987/06/23 Item 9 COUNCIL AGENDA STATEMENT
Item 9
Meeting Date 6/23/87
ITEM TITLE: Resolution/3'(J, Accepting agreements for repayment of
funds advanced for construction of deferred improvements in
"D" Street
SUBMITTED BY: Director of Public Works/City Engineer
REVIEWED BY: City Manager9. , (4/5ths Vote: Yes No X )
During the construction of the street improvements in Las Flores Drive and "D"
Street, six property owners entered into letter agreements with the City to
install their deferred public improvements in return for an agreement to repay
the funds advanced for construction.
RECOMMENDATION: That Council :
1 . Authorize the Mayor to execute the following:
a. Agreement between the City of Chula Vista and Frank J. and Mary A.
Williams for repayment of funds advanced for construction of deferred
improvements in "D" Street.
b. Agreement between the City of Chula Vista and Janice R. Vrendenburgh
for repayment of funds advanced for construction of deferred
improvements in"D" Street.
c. Agreement between the City of Chula Vista and Leticia 0. Rico and
Earnest Palacio for repayment of funds advanced for construction of
deferred improvements in "D" Street.
2. Authorize the City Clerk to record said agreements.
3. Direct the Director of Finance to collect the funds and reimburse Gas Tax
Fund Account 250-3860.
BOARDS/COMMISSIONS RECOMMENDATION: Not applicable.
DISCUSSION:
As of today, three of the six property owners have returned their executed
agreements for repayment of their deferred improvements. Staff is working
with the other three remaining property owners to obtain their necessary
agreements. Two of the owners have been out of town for extended periods of
time and the other has shown a reluctance to sign the agreement. Instead of
waiting until all the agreements are received, staff believes it is
appropriate for the Council to accept these three agreements at this time.
Page 2, Item 9
Meeting Date 6/23787
FISCAL IMPACT: The following sums of money will be collected at a simple
interest rate of 7% over the next ten years.
Owner Assessor's Parcel No. Amount
1 . Frank J. and Mary A. Williams 566-300-51-01 $3,515
2. Frank J. and Mary A. Williams 566-300-51-02 3,515
3. Janice R. Vrendenburgh 566-330-49 7,500
4. Leticia 0. Rico and Earnest Palacio 566-300-48 6,000
WPC 2862E
7?)?/oe_4.)e_,li-ff-- (
n-trA
Chula
� 3r 3