HomeMy WebLinkAboutReso 92-353 - Declaring surplus in the Improvement Fund & Authorize Application Thereof - College Highlands Assessment Dist No 1989-4 Y
RESOLUTION NO.
RESOLUTION DECLARING SURPLUS IN THE IMPROVEMENT FUND
AND AUTHORIZING APPLICATION THEREOF
COLLEGE HIGHLANDS ASSESSMENT DISTRICT NO. 1989-4
The City Council of the City of Redding resolves:
On December 5, 1989 , the City Council adopted its Resolution
of Intention No. 89-443 , as later amended, for public improvements
in College Highlands Assessment District No. 1989-4 , City of
Redding, Shasta County, California.
Said Resolution of Intention provided that any surplus in the
improvement fund for said assessment, after completion of the
improvements and payment of all claims from the improvement fund,
would be applied in accordance with Section 10427 of the Streets
and Highways Code of the State of California.
Said improvements have been completed and a Notice of
Completion was recorded in the office of the Shasta County Recorder
on November 21 , 1990. All claims upon the improvement fund
have been paid.
1. A balance of $20, 726. 40 remains in the improvement fund for
College Highlands Assessment District No. 1989-4 , and said amount
is hereby declared surplus.
2 . Said surplus shall be utilized for the purpose of calling
improvement bonds of College Highlands Assessment District No.
1989-4 for prior redemption pursuant to said Resolution No. 89-443
of Intention, as later amended, and as provided in Section 10427 of ,
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the Streets and Highways Code of the State of California.
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3 . The Clerk is directed to provide a certified copy of this
Resolution to the City Treasurer of the City of Redding.
I HEREBY CERTIFY that the foregoing Resolution was introduced
and read at a regular meeting of the City Council of the City of
Redding on the 4th day of August, 1992, and was duly adopted at
said meeting by the following vote:
AYES• COUNCIL MEMBERS• Anderson, Arness, Dahl, Kehoe & Moss
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
CHARLIE MOSS, Mayor
City of Redding
A ST:
CONNIE STROHMAYER, Wty Clerk
FORMAp
PROVED:
RANbALL A. HAYS, Ci y Attorney
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