HomeMy WebLinkAboutResolution - 2206 RESOLUTION NO. 2 2 n h
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SAN JACINTO DESIGNATING THE DIRECTOR OF PUBLIC
WORKS AS SUPERINTENDENT OF STREETS AND
DESIGNATING THE TREASURER TO COLLECT AND
RECEIVE ASSESSMENTS AND DIRECTING THE CITY
TREASURER TO ESTABLISH A SPECIAL FUND FOR
Assessment District No. 94-1 (Soboba Springs Project)
WHEREAS, by Resolution No. , this City Council confirmed an assessment on
lands lying within Assessment District No. 94-1 (Soboba Springs Project) and ordered the
assessment and diagram to be filed in the office of the Director of Public Works, acting as the
Superintendent of Streets, and to be recorded in the Office of the County Recorder; and
WHEREAS, it appears that the Treasurer is covered by a blanket fidelity bond covering
the faithful performance of the duties impose by law in an amount deemed by this City Council
to be adequate; and
WHEREAS, under the provisions of Section 10424 of the California Streets and
Highways Code, funds collected by the Treasurer pursuant to an assessment under the Municipal
Improvement Act of 1913 are required to be placed in a special fund designated by the name of
the improvement proceeding;
NOW, THEREFORE, the City Council of the City of San Jacinto DOES HEREBY
RESOLVE, DETERMINE AND ORDER as follows:
SECTION 1. There is hereby created a special fund to be held by the Treasurer known
as the "Assessment District No. 94-1 Improvement Fund".
SECTION 2. The Engineer of Works is authorized to send a notice regarding the
collection of assessments and the Treasurer is hereby designated to collect and receive all funds
paid on account of the assessment levied upon lands in Assessment District No. 94-1 (Soboba
Springs Project) and the Treasurer is directed to place all funds so received in the aforesaid
Assessment District No. 94-1 Improvement Fund. Said notice shall provide that the assessee has
30 days from the lien date to pay the assessment in cash. If an assessment (except an assessment
on property which does not receive a credit for capitalized interest (the "developed property")) is
paid within said 30-day period, the assessee shall pay the assessment less 12.74% thereof which
discount represents the amount of the bond reserve fund and the bond discount which will be
required for bonds issued to represent unpaid assessment. If an assessment is paid within said
30-day period on the undeveloped property, the assessee shall pay the assessment less 23.74%
thereof which discount represents the amount of the bond reserve, the bond discount and the
capitalized interest.
PASSED AND ADOPTED on June 21, 1994, by the following vote:
Ayes:Councilmembers Leahy, Solorio, Williams , Mayor HAfliger
Noes:None
Absent: Vacant Seat
Abstain: None
Approved:
Mayor of the City of San Jacinto
(Seal)
Attest:
City Clerk of the City f San Jacinto
PUBL:13150_1 I 14iIB2048.3 2
CITY CLERK'S CERTIFICATE
I, City Clerk of the City Council of City of San Jacinto, Riverside
County, California, hereby certify as follows;
The foregoing is a full, true and correct copy of a resolution duly adopted at a regular
meeting of the City Council of said City duly and regularly and legally held at the regular
meeting place thereof on June 21, 1994, of which meeting all of the members of said City
Council had due notice and at which a majority thereof were present.
At said meeting said resolution was adopted by the following vote:
Ayes:Councilmembers Leahy, Solorio, Williams , Mayor HAfliger
Noes:None
Absent: Vacant SEat
Abstain. None
I have carefully compared the same with the original minutes of said meeting on file and
of record in my office, and the foregoing is a full, true and correct copy of the original resolution
adopted at said meeting and entered in said minutes.
Said resolution has not been amended, modified or rescinded since the date of its
adoption, and same is now in full force and effect.
Dated: June 21, 1994
City Clerk of the City of San Jacinto
(Seal)
P¢¢L:13150_1114JB2048.3