HomeMy WebLinkAbout1970-07-01; City Council; 198; Water Department Construction FundTEE CITY OF CARLSBAD, CALIF' ORNIA
Agenda Bill No. //g Date: 7-1-70
Referred To:
Subject: Submitted By :»••>
Water Department Construction Fund Attorney
Statement of the Matter
The Water Committee recommends that all excess funds in the Bond
Service Fund and monies produced from the sale or lease of non-productive
Water Department property be transferred to the Water Department Con-
struction Fund as a part of preparing for the Water Department improve-
ment .
Exhibit
Resolution No.
Staff Recommendations
198 July 3, 1970AB No. Iao Date.-
City Manager's Recommendation
Construction of Interstate 5 places a number of demands on the Water
Department construction fund in addition to general system improve-
ments that are badly needed. Any monies that may be found to allo-
cate to the Water .Department construction fund will be of assistance
in reducing the backlog of requirements in this area.
The Water Committee recommendation is concurred in, and the City
Council is requested to approve a transfer as recommended.
Council Action
7-7-70 Resolution #1753 was adopted, authorizing the transfer of
excess funds in the Water Department Bond Service Fund to the
Water Department Construct-on Fund, as recommended by the
• Water Committee.
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RESOLUTION NO. 1753
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD REGARDING TRANSFER OF CERTAIN WATER
DEPARTMENT FUNDS TO THE WATER DEPARTMENT CON-
STRUCTION FUND.
The City Council of the City of Carlsbad does hereby resolve
as follows:
1. That all excess funds in the Bond Service Fund of the
Water Department shall be transferred to the Construction Fund of
the Water Department.
2. That all monies produced from the sale or lease of non-
productive Water Department property, whether in the past or
future, shall be transferred to the Water Department Construction
Fund.
PASSED, APPROVED, AND ADOPTED at a meeting of the City
Council of the City of Carlsbad, California, held July 7.
1970, by the following vote, to wit:
AYES: Mayor Dunne, Cmn. Jardine, Castro and Lewis.
NOES: None.
ABSENT:cmn. McComas
ADAMS1CITY CLERK
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