CC Resolution No. 9088
RESOLUTION NO. 9088
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING CLOSURE OF V ALLCO PARK ASSESSMENT DISTRICT NO. 74-1
AND TRANSFER OF EXCESS FUNDS TO THE GENERAL FUND
WHEREAS, Vallco Park Assessment District No. 74-1 was formed to install
certain street improvements, and properties within said district boundary were assessed
for said improvements accordingly; and
WHEREAS, said certain street improvements for the aforementioned district were
completed in October 1974; and
WHEREAS, there is an amount of $86,969.99 remaining in said district
considered excess; and
WHEREAS, the city performed certain maintenance within said district for which
it is now entitled to be reimbursed as allowed in the Resolution of Intention to Acquire
and Construct Improvements;
NOW, THEREFORE, BE IT RESOLVED that the City Council, pursuant to the
permission granted in the aforementioned resolution hereby transfers to the general fund
the amount of $86,969.99 as reimbursement for maintenance cost performed to date, to be
utilized for future capital improvement/capital outlay projects.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this ~ day of Mav ,1994, by the following vote:
Y!lli:
AYES:
NOES:
ABSENT:
ABSTAIN:
Members of the City Council
Bautista, Burnett, Dean, Sorensen, Koppel
None
None
None
APPROVED:
Isl Barb Koppel
Mayor, City of Cupertino
ATTEST:
Isl Kim Marie Smith
City Clerk