HomeMy WebLinkAboutAgenda Statement 1976/06/29 Item 14"`F CITY OF CHULA VISTA ITEM N0. 14
COUNCIL AGENDA STATEMENT
FOR MEETING OFb 29 76
ITEM TITLE Resolution #8235- Authorizing the Expenditure of the Sum of
$5088.20 as the Final Payment of the City's Obligations for
Incidental Expenses for Acquisition of the South County Regional
Center Property
SUBMITTED BY~ City Attorney
ITEM EXPLANATION
The City Council heretofore agreed to the advance payment of one-quarter
of the total cost of the South County Regional Center in the sum of
$488,015. At the time such payment was agreed upon, it was clearly
understood that that was to be the total obligation of the City except
for any undefinable costs such as tax payment credits. It has now
been determined that incidental costs, i.e., escrow and title policy
in the amount of $5088.20 represent the final payment to be made by
the City.
Since the City received a refund of $5912.30 for a tax overpayment, it
is not necessary to make any appropriation of said amount.
FINANCIAL STATEMENT: $5088.20 is available within account 49-8900-5561.
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Agreement Resolution x Ordinance Plat Other
Environmental Document: Attached Submitted on
STAFF RECOMMENDATION: Approval of Resolution
BOARD/ COMMISSION RECOMMENDATION
A p p R O V E y
by %he
City C~u.nc:il
o
COUNCIL ACTION
Chula `vii/s~~~., California
Dated.........lo-.~...:.'.~~.:..,~~..............
Form A-113 (Rev. 5 - 75)
,~
CERTIFICATE OF CITY/DIRECTOR OF FINANCE
Certification of. tJnappropriated Balance
Form No. F-229
1/73
I HEREBY CERTIFY that the money required for the
appropriation of funds for the purpcse set forth i:- the attached.
resolution is available in the Treasury, or is anticipated to
come into the Treasury, and is otherwise unapproi,riated.
Amount $ rund
Purpose
Eidder
Director of Finance
The City of Chula 'v'ista
Date
By
Certification of Unencumbered 3alance
I iiF.REBY CERTIFY that the indebtedness and obligation
to be incurred by the contract or agreement authorized by the
attached resolution can be incurred ~siti'.out the violation of Gny
cf the provisions of the Charter of the City cf Chula Vista, o-
the Constitution or the luw~ of the State cf California, tha
sufficient monies have been appropriated tar the pu=pose of saiu
contract, that sufficient monies to meet the oblic~~3tions of the
contract are actually in the Treasury, or are anticipateC? to co~,~
into the Treasury to the credit of the 4ppropriation from .which
the same are to be drawn, and that saia monies new actuaiiy in
the Treasury, together with the monies anticipated to cone .i:Ito
the Treasury, L-o the credit of said appropriation a~-e atherw~.s~~=
Lnencumbered.
Amount Not to Exceed $ 5,088.00 __ _
r
-8900-5561 ;~~` s .--~~-~., _-~__._..
U? recto of . inarce
ihie City of Chula Vi;~'ca.
Date June 28, 1976 By ,~ ~_
F,:.nd Federal Revenue Sharir~pt./Activity Federal Revenue Sharing
Purpose Final payment for Incidental Expenses for South County Regional. Center
Bidder
N/A
~`.~~tLf1.(,.° ~e ?v'U. 109