Resolution 8187
RESOWl'ION NO. 8187
A RESOWl'ION OF '!HE CI'lY CXXJNCIL OF '!HE CI'lY OF aJPERl'INO
ESTABLISHJN:; A YaJIH SroRI'S ~ FUND
WHERFAS, it is the m.rt:ual desire of the City of CUpertino and the
CUpertino Union School District to preserve for future generations the
availability of open space representing awroxiJnately forty acres of
existing school fields; and
WHERFAS, there is a need to iIrprtwe the overall quality and usability
of the exist:!n;¡- sports facilities by maJd.n] certain iIrprovements; and
WHEREAS, it is the intent to enhance the maintenance levels of these
facilities and to praIPte continued cooperation between the CUpertino
Union School District and the City of CUpertino.
NCM, 'IHEREFORE, BE IT RESOLVED that the City Council of the City of
CUpertino does ordain as follows:
1. It is the intent of the City Council of the city of CUpertino to
establish a Ycmh Sports Reserve fund in the event that Ordinance
No. related to the ~ition of a tax is awroved
by the voters in November of 1990.
2. 'Ihe funis for the Ycmh Sports Reserve FuIñ shall be derived solely
from future Park Dedication Fees \</hen those fees are reimb.1rsed to the
General FuIñ.
3. Fran said fund, anø.mts will, frcm tlJne to time, be appropriated by
the City O::AJncil for the p.¡rpose of renovation and expansion of the
Youth Sport facilities on various CUpertino Union school District
school sites as further delineated by a master plan prepared jointly
by the City of CUpertino and the School District and in conformance
with the City's Five Year Capital Inprovements plan. 'Ihe requirements
of said fund are estiJnated to be awroxiJnately $5 million.
4. Said Ycmh - Sports Reserve FuIñ shall, upon approval of Ordinance
No. by the voters, be established with an initial SUl\\ of $1.1
million from the General FuIñ representirg Park Dedication funis
previously reimb.1rsed to the General FuIñ.
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