HomeMy WebLinkAboutCity Council - 2005-59 RESOLUTION NO. 2 0 0 5-5 9
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF HUNTINGTON BEACH DECLARING
A SURPLUS OF FUNDS FROM ASSESSMENT DISTRICT
NO. 88-1 (RESERVOIR HILL) AND ORDERING THE
DISPOSITION OF SAID FUNDS
WHEREAS, the City Council of the City of Huntington Beach adopted Resolution No.
59-26 which declared its intention to order the acquisition and improvement proceeding of the
Assessment District No. 88-1, under the provisions of the Municipal Improvement Act of 1913;
and
By its bond indenture, adopted on December 19, 1988, the City Council authorized the
issuance of improvement bonds under the provisions of the Improvement Bond Act of 1915 to
represent unpaid assessments in the amount of$1,653,904.59; and
The payment of all bonds and interest has been completed, and as of December 31, 2004,
the remaining fund balance is $62,545.71,
NOW, THEREFORE, the City Council declares the balance of the remaining funds to be
surplus, and in accordance with Section 8784 of the Streets and Highways Code of California,
orders disposition of the surplus to the City's Infrastructure Fund.
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a
regular meeting thereof held on the 6th day of September ,200 5
Ar
REVIEWED AND APPROVED: APPROVED AS TO FORM:
jyity Ad nistrator Attorney
INITIATED AND APPROVED:
inane Officer
05reso/surplus
Res. No. 2005-59
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, JOAN L. FLYNN the duly elected, qualified City Clerk of the
City of Huntington Beach, and ex-officio Clerk of the City Council of said City,
do hereby certify that the whole number of members of the City Council of the
City of Huntington Beach is seven; that the foregoing resolution was passed
and adopted by the affirmative vote of at least a majority of all the members of
said City Council at an regular meeting thereof held on the 6th day of
September, 2005 by the following vote:
AYES: Hansen, Coerper, Sullivan, Hardy, Green, Bohr
NOES: None
ABSENT: None
ABSTAIN: Cook
Ci lerk and ex-officio erk of the
City Council of the City of
Huntington Beach, California