HomeMy WebLinkAbout2003-09-16; City Council; Resolution 2003-2421
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EXHIBIT 2
RESOLUTION NO. 2003-242
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CARLSBAD, CALIFORNIA, APPROVING A
LOAN OF $30,000 FROM THE GENERAL FUND TO
COVER THE FORMATION COSTS OF STREET
LIGHTING AND LANDSCAPING DISTRICT NO. 2,
AND THE APPROPRIATION OF FUNDS
WHEREAS, staff is recommending that a new lighting and landscaping district be formed
to help address the funding issues with the current Street Lighting and Landscaping District No.
1; and
WHEREAS, initial funding for formation costs in the amount of $30,000 for the Street
Lighting and Landscaping District No. 2 is needed; and
WHEREAS, sufficient funds are available in the General fund to provide a loan to the
new District; and
WHEREAS, Council authorizes the Finance Director to appropriate $30,000 to fund the
formation costs and to record a loan from the General fund for this appropriation. The loan will
be repaid to the General fund from future assessments collected by the new District.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad,
California, as follows:
1. That the above recitations are true and correct.
2. That a loan from the General fund in the amount of $30,000 and budget appropriations
in the amount of $30,000 is authorized in the Street Lighting and Landscaping District No. 2 to
pay for expenditures related to the formation of the new District.
/I
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PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council on the
1. day of SEPTEMBER , 2003, by the following vote, to wit:
AYES: Council Members Lewis, Finnila, Kulchin, Hall, Packard
NOES: None
ABSENT: None
ATTEST:
(SEAL)
Page 2 of 2 of Resolution No. 2003-242