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HomeMy WebLinkAboutReso 2002-270 RESOLUTION NO. 2002-270 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA AMENDING THE FISCAL YEAR 2002/2003 BUDGET BY APPROPRIATING $453,996 FROM THE UNAPPROPRIATED FUND BALANCE FOR COMMUNITY FACILITIES DISTRICT 99-2 FOR MAINTENANCE, AND ESTABLISHING A NEW BUDGET FOR COMMUNITY FACILITIES DISTRICT 99-2 WHEREAS, one new Community Facilities District (CFD) was established during Fiscal Year 2001/2002 in the San Miguel Ranch development, in addition to the nine CFD's established during Fiscal Years 1998-2001; and WHEREAS, special taxes must be levied during Fiscal Year 2002/2003 in nine of these districts in order to pay for the maintenance of open space and preserve areas in CFD's 97-1, 97- 2, 98-1, 99-2 and 98-3, and to begin repaying bondholders in CFD's 97-3, 99-1, 2000-1; and WHEREAS, due to the separation of CFD 99-2 from CFD 98-1, a budget amendment is required to include a new budget for CFD 99-02. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby amend the Fiscal Year 2002/03 budget by appropriating $453,996 from the unappropriated fund balance for CFD 99-2 for maintenance and establishing a new budget for CFD 99-2. Presented by Approved as to form by Jo p eny ~ PuBlic Works Director ~g4) Attorney Resolution 2002-270 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 6th day of August, 2002, by the following vote: AYES: Councilmembers: Davis, Padilla, Rindone, Salas and Horton NAYS: Councilmembers: None ABSENT: Councilmembers: None Shirley Horton/~tvlayor ATTEST: Susan Bigelow, City Clerk° STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) CITY OF CHULA VISTA ) I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2002-270 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 6th day of August, 2002. Executed this 6th day of August, 2002. Susan Bigelox~Cit~ Cler'k~'-