HomeMy WebLinkAbout52-88 RESOLUTION NO. 52-88 0/
A RESOLUTION DISPOSING OF
REDEMPTION FUND SURPLUS
SPECIAL ASSESSMENT DISTRICT NOS. 3, 4 AND 5
RESOLVED by the City Council of the Town of Los Altos Hills, California,
that
WHEREAS, all bonds and interest issued in proceedings undertaken
pursuant to each of the following adopted by the City Council, to wit:
Resolution of Date of
Intention No. Adoption
399 June 19, 1967
413 November 20, 1967
480 October 7, 1968
have been paid, and no supplemental assessment has been levied and paid
which remains unreimbursed; and
WHEREAS, a surplus remains in the redemption fund established for
the payment and security of each of the series of the bonds;
NOW, THEREFORE, IT IS ORDERED that said surplus in the redemption
fund for each of the series of the bonds be transferred to the general fund
of the City and the redemption fund be closed. A certified copy of this
Resolution shall be transmitted to the City Treasurer.
Passed and adopted this day of May, 1988.
Mayor
ATTEST:
CITY CLERK
R42288