Loading...
CC Resolution No. 0925.42i638C -498a + W1*Pl)A:ab 1 RESOLUTION NO. A RESOLUTION DECLARING SURPLUS AND AUTHORIZING APPLICATION THEREOF VALLCO PARK ASSESSMENT DISTRICT PROJFCT AD 64 -1 03/01/83 12c RESOLVED, ay the City Council of the City of Cupertino, California, that WHEREAS, said Council, pursuant to its Resolution of Intention Nu. 925 adopted March 24, 1964, as amended, provided for th,e acquisition and construction of certain improvements in and for said City, as described in said.Resolution of Intention, as amended, and for the collection of assessments to pay the costs thereof; WHEREAS, assessments were levied of which a part were paid in ` cash, and bonds were issued against the unpaid assessments pursuant to the provisions of the Municipal Improvement Act of 1913; WHEREAS, all outstanding bonds issued to represent the unpaid assessments in said proceedings have been paid in full; ' JHEREAS, following the'completion of construction of the improvements and payment of all incidental expenses provided in said Reoolutiiln of Intention, as amended, together with the payment in Ball of all outstanding'honds Issued to represent the unpaid assessments in said proceedings, a balance of $346,588.30 remains in the improvement fund for said project; and WHEREAS, said Council desires that said surplus remaining in said construction fund be utilized as hereinafter set forth; NOW, THEREFORE, IT follows: 1. The balance of fund for said project be, be used as a credit upon IS HEREBY FOUND, DETERMINED and ORDERED, as a $346,588.30 remaining in the construction and it is hereby, declared surplus and shall the assessments levied in said proceedings. 2. Said credit shall be returned irk cash in the amounts shown on Exhibit "A" hereto attached and by reference incorporated herein to the person or persons paying an individual assessment or any installment of the principal thereof upon their furnishing satisfactory evidence of such payment. 0 3. There shall be transferred to the General Fund ot,f ;hk City (i) any portion of tho ourplus'which shall not have bean paid to or claimed by the persons entitled thereto within four years from the date of recordation of "the assessment And any supplemental asseacment, or in, the event bonds shall have been issued, within four years wftrtr the due date of the last installment upon said bonds or of the last'pt�incipal coupon attached thereto, and (ii) any interest earned from thei, investment of any monies constituting all or any part of the surplus. 4. A ceititied copy of this resolution shall be tr.znsrtiitted to the Director of Finance of the City of Cupertino who is hereby►, authorized and directed to cause such payment to be made to svicn person or person erititled thereto. PASSED and ADOPTED at a regular meeting of the City Council of the City of Cupertino this .21st day of ` March 1963, by the following votes Vote Meters of the Council AYES Johnson, Plunpy, Ropers, Sparks, Gatto NOES : None ABSENT: bone ABSTAIN: None ATTEM A�e�" – -- - . -- - - .. - - C• y Clerk — APPROVED s' Mayor -2- � 1 • i 1 City of Cupartlno i DISTRIBUTION OF EXCESS FUNDS VALLCO ASSESSHP.Nr DISTRICT 64 -1 Assesuor Aseeflament Distributioh Parcel Number Number Account 316 -20 -'061 IA $ 15,121.65 20 -064 1.B 19,814:46 20 -036 2A 3,060.38 20 -0:16 ?.B 356.99 20 -037 2C1 3,722.36 20 -062 2C2 17,232.38 20 -075 2C3 211.42 316 -05 -030 3 689.72 05 -055 4A 596.14 05- 056 481 9,323.23 05 -060 4B2 12,560.36 06 -026 5A 20,545.76 06 -029 5B 3,188.62 06 -028 5C 904.60 06-�030 5D 1,916.64 06 -0`11 5E 1,216.53 06 -032 5F 10,685.32 09 -036 6Al ,� ; 6,834.73 09 -037 6A2 ' 6,047.97 09 -029 6B.1 1,632.44 09 -029 bB2 1,982.49 09 =029 6B3 1,084.83 09 -028 6C 2,758.85 07-043 7A 49,204.92 07 -043 78 44,754.95 07 -034 8 4,238.78 09 -019 9 2,776.18 06 --033 10A 5,569.68 00 -034 10B 5,846.95 00 -019 11 6,342.57 18 -028 12A1 9,638.63 18 -019 12B1 5:926.66 18-027 13A 6,491.60 18 -025 13D 6,869.39 20 -036 14AB1_ 218.36 20 -035 14AB2A 12,168.72 20 -075 14AB2B 3,881.79 20 -075 14AB2C 5,264.68 20 -062 14A82D 2,290.95 19 -026 15 5,e36.55 20 -036 16AB1 946.19 20 -036 16AB2 5,794.96 20 -035 16AB 3 16,286.19 19 -025 17 4,751.73 TOTAL 34 fi, 588.30 r I, .. w EXLIIb.TT "A`•