HomeMy WebLinkAboutReso 2002-521 RESOLUTION NO. 2002-521
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROPRIATING $1,037,810 FROM THE
AVAILABLE FUND BALANCE OF THE TRANSPORTATION
DEVELOPMENT IMPACT FEE FUND AND TRANSFERRING
THOSE MONIES TO THE PUBLIC FACILITIES
DEVELOPMENT IMPACT FEE FUND FOR CONSTRUCTION
OF THE EASTLAKE GYMNASIUM
WHEREAS in 1996, an $880,738 loan was made from the Eastlake Park Development
Impact Fee (DIF) portion of the Transportation DIF Fund as part of an agreement with the
Eastlake Development Corporation; and
WHEREAS, the loan was repaid by the Eastlake Company on November 11, 2002 with
the intention of applying those funds toward building the Eastlake gymnasium; and
WHEREAS, on November 12, 2002, City Council approved the creation of a new
Recreation Facilities component of the Public Facilities DIF in order to fund the construction of
major recreation facilities such as the Eastlake gymnasium; and
WHEREAS, it is now appropriate for the repaid loan funds plus accrued interest to be
transferred to the Public Facilities DIF Fund; and
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista
does hereby adopt a resolution appropriating $1,037,810 from the available fund balance of the
Transportation DIF Fund and transferring those monies to the Recreation Facilities component of
the Public Facilities DIF Fund.
Presented by Approved as to form by
Robert Powell Jo)~i'/M. Kaheny ~
Assistant City Manager ~ Attorney
Resolution 2002-521
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 17th day of December, 2002, by the following vote:
AYES: Councilmembers: Davis, Rindone, Salas, McCann and Padilla
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
/ ~teph~Paailla, Mayor
ATYEST:
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. 2002-521 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 17th day of December, 2002.
Executed this 17th day of December, 2002.
Susan Bigelow, City Clerk°