HomeMy WebLinkAboutReso 1986-12592 RESOLUTION NO.~ 12592
RESOLUTION OF THE CITY cOUNCIL OF THE CITY OF
CHULA VISTA APPROPRIATING THE BONDS PROCEEDS
FROM ASSESSMENT DISTRICT NO. 85-2 AND THE CASH
CONTRIBUTION FROM THE EASTLAKE DEVELOPMENT
PROJECT TO FINANCE IMPROVEMENTS IN THE
EASTLAKE DISTRICT
The City Council of the city of Chula Vista does hereby
resolve as follows:
WHEREAS, on June 17, 1986, the City Council by
Resolution No. 12539 authorized the issuance of bonds to finance
the improvements in EastLake Assessment District 85-2, and
WHEREAS, the City of Chula Vista has received a cash
contribution of $311,540 from EastLake Development Company
($184,000) and Otay Water District ($127,540), and
WHEREAS, the cost of the improvements in the EastLake
District totals ~7,992,163.85 for construction of sewer, water
and road infrastructure.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Chula Vista does hereby appropriate $7,680,623.85
from bonds proceeds and $311,540.00 from cash contributions by
EastLake Development Company and the Otay Water District to
finance the improvements in the EastLake Assessment District 85-2.
Presented by Approved as to form by
j tor of .~T~mas J. ,~r~on, City Attorney
PUblic Works/City Engineer ~'-/ I,/
1730a
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this 10th d~y of July
19 86 , by the following vote, to-wil:
AYES: Councilmembers CAMPBELl, MoOANDL-T$$, COX,
NAYES: Councilmembers NON~
ABSTAIN: Counci lmembers NONB
ABSENT: Councilmembers MALCOLM
...... .:.=~:..~:,,..~.~Mayor ~ th~ Olfy of Chulti Vista
ATTES~./T _ City CleYk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chula Vista, California,
DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. a£5.~ ,and that the same has not been amendedor repealed
DATED
City Clerk
criY OF
CHULA VISI'A
CC-660 ~-~
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