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HomeMy WebLinkAbout1970-10-14; City Council; 198 Supplement; Trasfer of Water Department Funds7- f - / THE CITY OF CARLSBAD,CALIF' ORNIA Agenda i11 No., „ n«nDate: October 14, 1970 Deferred To: Subject:is TRANSFER OF WATER DEPARTMENT FUNDS Submitted By: CITY ATTORNEY Statement of the Matter Attached is a Resolution transfering the proceeds of the library property sale back to the Bond Service Fund as requested by our bond council. Exhibit Resolution No. Staff Recommendations Passage AB No .Da t e :October 14, 1970 City Manager's Recommendation Concur with staff recommendation Council Action 10-20-70 Resolution #1805 adopted by title only and City Clerk instructed to send copy of same to bond council. -2- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 RESOLUTION NO. T805 A RESOLUTION OF THE CITY COUNCTL OF THE CITY OF CARLSBAD RESCINDING RESOLUTION 'NO. 1753 DATED JULY 7, 1970 AND TRANSFERING FROM WATER DEPART- MENT CONSTRUCTION FUND TO WATER DEPARTMCNT BOND SERVICE FUND PROCEEDS OF SALE OF CERTAIN WATER DEPARTMENT PROPERTY. The City Council of the City of Carlsbad do°s hereby resolve as follows: 1. City Council Resolution 1753 dated July 7, 1970 is hereby rescinded. 2. The purch-se pr4ce of $94,201.75 received from the sale of water department property located at the Southeast corner of Elm Avenue and Roosevelt Street in the Citv of Carlsbad, which said property was sold February 26, 1964, is hereby transfered from the iWater Department Construction Fund to the Water Department Bond Service Fund. PASSED, APPROVED, AND ADOPTED at a meetimg of the City Council of the City of Carlsbad, CaHfomia, held October 20. , 1970, by th« following v«te, to wit: AYES: Councilman Dunne, McComas, Jardh'ne, Castro and Lewis. NOCS: None. ABSENT: None. ATTEST: )AVID M. DUNNE, 'M*ARti(AREy E. ADAMS, City Clerki: J I