HomeMy WebLinkAboutAgenda Statement 1987/08/11 Item 8COUNCIL AGENDA STATEMENT
•
ITEM TITLE:
SUBMITTED BY:
REVIEWED BY:
Item 8
Meeting Date 8/11/87
Resolution ~~~9~ Accepting agreements for repayment of
funds advanced for construction of deferred improvements in
"D" Street L
Director of Public Works/City Engineer
City Manage r
(4/5ths Vote: Yes No X )
During the construction of street improvements in Las Flores Drive and
entered into letter agreements with the City "D"
to
Street, six property owners
install their deferred public improvements in return for an agreement to repay
the funds advanced for construction.
RECOMMENDATION: That Council
1. Authorize the Mayor to execute the following:
a) Agreement between the City of Chula Vista and Ralph Paxton, Jr.,
f funds advanced for construction
t and
of
o
Lora H. Paxton for repaymen
"
"
Street.
D
• deferred improvements in
b) Agreement between the City of Chula Vista and Carol B. Hauenstein for
repayment of funds advanced for construction of deferred improvements
in D Street.
2. Authorize the City Clerk to record said agreements.
3. Direct the Director of Finance to collect the funds and reimburse Gas Tax
Fund Account 250-3860.
BOARDS/COMMISSIONS RECOMMENDATION: Not applicable.
DISCUSSION:
The City Council at its meeting on June 16, 1987, authorized the Mayor to
execute agreements with three of the six property owners for repayment of
funds advanced by the City for their deferred improvements. Two additional
property owners have now executed their agreements. The remaining one
property owner has been notified by the City Attorney's office that the City
will take action, if necessary, to collect the funds advanced by the City.
•
• Page 2, Item 8
Meeting Date?
FISCAL IMPACT: The following sums of money will be collected at a simple
interest rate of 7% over the next 10 years.
Owner Assessor's Parcel No. Amount
1. Ralph Paxton, Jr. 566-300-46 $6,550.00
and Lora H. Paxton
2. Carol B. Hauenstein 566-300-43 6,150.00
SLH:nr/AX-078
WPC 3066E
b~ the City Cour ~'. of
Chula Vista, Cari'rc;; ;,ia
Dated
•
~ ~)