HomeMy WebLinkAbout1992-08-11; City Council; Resolution 92-2510 0
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RESOLUTION NO. 92-25 1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CAFUSBAD, CALIFORNIA DETERMINING THE AMOUNT
OF SURPLUS CONSTRUCTION FUNDS FOR THE COLLEGE
AUTHORIZING APPLICATION OF SURPLUS FUNDS
BOULEVARD ASSESSMENT DISTRICT NO. 85-2 AND
WHEREAS, the construction of the College Boulevard Assessment
District No. 85-2 has been completed; and,
WHEREAS, project costs for College Boulevard Assessment District
No. 85-2 have been established; and,
WHEREAS, construction funds are required for future repairs and
modifications to street medians; and,
WHEREAS, surplus construction funds of approximately $1
million remain in the bond improvement fund.
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 the Finance Director is directed to retain College
Boulevard Assessment District bond funds of $300,000 for median and
sidewalk modifications and repairs.
3. That the Finance Director is authorized to apply surplus
funds of $478,500 to the 1992-93 College Boulevard assessments.
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4. That the Finance Director is directed to call bonds with any
remaining surplus funds.
PASSED, APPROVED AND ADOPTED at a regular meeting of the
City Council on the 11th day of AUGUST , 1992, by the following vote,
to wit:
AYES: Council Members Lewis, Kulchin, Larson, Stanton, Nygaard
NOES: None
ABSENT: None
ATTEST:
ALETHA L. RAUTEN (SEAL)