HomeMy WebLinkAboutReso 2002-311 RESOLUTION NO. 2002-311
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AMENDING THE FISCAL YEAR 2002/2003
BUDGET BY APPROPRIATING $826,480 FROM THE
AVAILABLE FUND BALANCE IN THE TRANSPORTATION
DEVELOPMENT IMPACT FEE FUND TO REPAY SEWER
LOAN AUTHORIZED BY RESOLUTION NO. 16706
WHEREAS, in 1992, during the Assessment District No. 90-02 proceedings for the Otay
Valley Road project (Main Street), Council approved, by Resolution 16706, a loan from the
sewer fund of $420,000 to the Transportation Development Impact Fee (TD1F) Fund to offset the
cost of the assessments to the property owners in that area; and
WHEREAS, the loan amount and the interest on the loan have been built into the TDIF
programs and staffrecommends that the loan be repaid this fiscal year; and
WHEREAS, the estimated amount for repayment of the loan including interest is
$826,480.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby amend the Fiscal Year 2002/2003 budget by appropriating $826,480 from the
available fund balance in the Transportation Development Impact Fee Fund to repay sewer loan
authorized by Resolution No. 16706.
Presented by Approved as to form by
Jc~m P. Lippittv ! ! Jo~. Kaheny
Dliblic Works Director ~Yct'y Attorney
Resolution 2002-311
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 13th day of August, 2002, by the following vote:
AYES: Councilmembers: Davis, Padilla, Rindone, and Salas
NAYS: Councilmembers: None
ABSENT: Councilmembers: Horton
~Stephen ~i~dilla, Deputy Mayor
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. 2002-311 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 13th day of August, 2002.
Executed this 13th day of August, 2002.
Susan Bigelow, City Clerk o