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HomeMy WebLinkAbout1992-207 1 RESOLUTION NO. 92-207 2 RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING AN INTERFUND LOAN FROM THE SEWER LINE CONSTRUCTION FUND (245) TO THE 3 SPECIAL ASSESSMENT FUND (251), IN THE AMOUNT OF $185,721.00 TO FRONT THE ESTIMATED COSTS TO BE INCURRED DURING THE 1992-93 4 FISCAL YEAR, IN CONNECTION WITH THE MAINTENANCE OF LANDSCAPING IN TRACT NO. 12958, THROUGH ASSESSMENT DISTRICT NO. 959. 5 BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE 6 CITY OF SAN BERNARDINO AS FOLLOWS: 7 SECTION 1. The Director of Finance is hereby directed to 8 make an inter fund loan from the Sewer Line Construction Fund 9 (245) in the amount of $185,721.00, to front the estimated costs 10 to be incurred during the 1992-93 Fiscal Year, in connection with 11 the naintenance of landscaping in Tract No. 12958, through 12 Assessment District No. 959. 13 SECTION 2. The loan from the Sewer Line Construction 14 Fund (245) shall be repaid with interest, at the prevailing 15 portfolio rate, in the 1993-94 Fiscal Year from assessments 16 placed on the parcels within Assessment District No. 959. 17 / / / / 18 / / / / 19 / / / / 20 / / / / 21 / / / / 22//// 23 / / / / 24 / / / / 25//// 26 / / / / 27 / / / / 28 / / / / 6-03-92 RESO: 1 AUTHORIZING INTERFUND LOAN FROM SEWER LINE CONSTRUCTION FUND TO SPECIAL ASSESSMENT FUND IN CONNECTION WITH LANDSCAPE MAINTENANCE OF A.D. NO. 959. . ' I HEREBY CERTIFY that the foregoing resolution was duly 2 adopted by the Mayor and Common Council of the City of San 3 Bernardino at a regular 15th day of June 4 5 6 7 Council Members: ESTRADA REILLY 8 HERNANDEZ 9 MAUDSLEY 10 MINOR 11 POPE-LUDLAM 12 MILLER 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 day of meeting thereof, held on the , 1992, by the following vote, touwit: AYES ABSTAIN ABSENT NAYS x --- x -- x -- x x x x (~) j .' ;V lJi ,\ CA'J L r ~/-{'A,j~ RaChel Krasne , City Clerk The foregoing resolution is hereby approved th~,18th June Approved as to form and legal content: James F. Penman City Attorney ,(~ , 1992. /) " Holcomb, Mayor San Bernardino / - 2 -