HomeMy WebLinkAbout18-87 ,w•Y - . •
• RESOLUTION NO. 18-87
A RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF
LOS ALTOS HILLS DECLARING A SURPLUS IN
SEWER ASSESSMENT DISTRICT NOS_ 1 AND 2,
AND DIRECTING TRANSFER THEREOF TO THE LOS ALTOS
SEWER BASIN FUND
RESOLVED, by the City Council of the Town of Los Altos Hills, County
of Santa Clara, State of California, as follows:
WHEREAS, the City Council pursuant to each Resolution of Intention
hereinafter set forth, or as subsequently amended, provided for the
acquisition and construction of certain improvements in and for the Town, as
described in said Resolution of Intention, or as subsequently amended, and
for the collection of assessments to pay the costs thereof; and
WHEREAS, assessments were levied of which a part were paid in cash,
and bonds were issued against the unpaid assessments pursuant to the
provisions of the statute set opposite each Resolution of Intention
hereinafter; and
WHEREAS, following the completion of construction of the
improvements and payment of all incidental expenses provided in each
respective Resolution of Intention, or as subsequently amended, a balance
remains which is surplus' to each respective Improvement Project as
hereinafter set forth and isover and above the amount needed for the
improvement and bond redemption fund; and .
WHEREAS, said City Council desires that said surplus remaining in
each Improvement Project be utilized as hereinafter set forth,
WHEREAS, it appears it is in the public interest that the amount of
each said surplus, be transferred to the Los Altos Sewer Basin Fund of the
Town to be available for the maintenance of the improvements constructed
pursuant to each of said proceedings.
NOW, THEREFORE, IT IS HEREBY FURTHER RESOLVED, DETERMINED AND
ORDERED as follows:
1. The name of each Improvement Project, the number of the
Resolution of Intention, and date of adoption, the Statute pursuant to which
bonds were issued and the balance which is surplus, respectively, as to each
Improvement Project is as folllows:
RESOLUTION OF AMOUNT
NAME OF INTENTION NO. OF
PROJECT AND DATE STATUTE SURPLUS
Sewer Reso..No. 309 Municipal $1,140.11
Assessment June 21, 1965 - Improvement
District Act of 1973,
No. 1 and Improvement
Bond Act of 1915
Sewer Reso. No 413 Municipal $1,322.47
Assessment Nov. 20, 1967 Improvement
District . Act of 1913,
No. 2 and Improvement .
Bond Act of 1915
_2:
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2. The balance of money remaining in each of the. Improvement
Projects described in Paragraph 1, be, and it is hereby, declared surplus.
3. The surplus in each of the Improvement Projects described in
Paragraph 1, be, and it is hereby ordered transferred to the Los Altos Sewer
Basin Fund of the Town of Los Altos Hills to be used for the maintenance of
the improvements constructed under each respective Improvement Project.
4. A certified copy of this. Resolution shall be transmitted to the
County Auditor of the County of Santa Clara.
REGULARLY passed and adopted this 16th day of March, 1987.
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MAYOR
ATTEST:
CITY-CLERK
-3-
31267