CC Resolution No. 9091
RESOLUTION NO. 9091
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING CLOSURE OF NORTH DEANZA ASSESSMENT DISTRICT
NO. 76-14 AND TRANSFER OF EXCESS FUNDS TO THE GENERAL FUND
WHEREAS, North DeAnza Assessment District No. 76-14 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 aforernentioned district were
completed in January 1979; and
WHEREAS, there is an amount of $322,527,38 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 $150,997 as reimbursement for maintenance cost performed to date, to be
utilized for future capital improvement/capital outlay projects.
BE IT FURTHER RESOLVED that the unexpended fund in the amount of
$171,530.38 is hereby deposited in a Maintenance/Improvement Reserve Account to be
expended as needed within the boundary of the original assessment district.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this ~ day of May , 1994, by the following vote:
~
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:
Is I Kim Marie Smith
City Clerk