CC Resolution No. 0925.42i638C -498a + W1*Pl)A:ab
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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-
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i
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City of Cupartlno
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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`•