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HomeMy WebLinkAboutReso 1985-11989 Revised 4/4/85 RESOLUTION NO. 11989 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROPRIATING FUNDS FOR THE CONSTRUCTION OF STREET IMPROVEMENTS ADJACENT TO DEVELOPED PARCELS ON LAS FLORES DRIVE AND "D" STREET IN THE CITY OF CHULA VISTA The City Council of the City of Chula Vista does hereby resolve as follows: WHEREAS, the City Council approved funds in the FY 1984-85 budget for the construction of two lanes of pavement and storm drain facilities in Las Flores Drive south of "D" Street from Second Avenue to Minot Avenue and Engineering has now completed plans for this project, and WHEREAS, on December 18, 1984, report which directed staff to call existing developed lots at the same time bids on the construction of this project, the Council accepted a up deferrals on seven the City advertises for and WHEREAS, it is recommended that the City Council appropriate $75,000 and establish a fund for the purpose of loaning money to the property owners for a period of ten years in order to construct their public improvements. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby appropriate $75,000 from the unappropriated balance of the General Fund and transfer to the Public Improvement Loan Fund 105 for the purpose of loaning money to property owners for a period of ten years so that owners with existing homes in the area and deferral agreements with the City can construct public improvements. BE IT FURTHER RESOLVED that the Engineering staff will determine the exact requirements and procedures for the borrowing of said money by the property owners. Presented by Approved ~s to form by _ L /;?:: Jr/- J n P. Lippit Director of P blic Works/City Engineer 0278a ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF CHULA VISTA, CALIFORNIA, this 9th day of April 19 85 , by the following vote, to_it: Scott, Moore, Malcolm, McCandliss - AYES: Councilmen NAYES: Councilmen ABSTAIN: Councilmen ABSENT: Councilmen None Cox None f'1 'j 11 J (J~( -, '. " - Mayor ot4heltity of Chula Vista 7 ATTEST,:::~ 1;; '~';;'.dj / , City Clerk ?' 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 true and correct copy of RESOLUTION NO. 11989 ,and that the same has not been amended or repealed. DATED City Clerk (seal) CC-660