HomeMy WebLinkAbout1992-210
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RESOLUTION NO.
92-210
RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING AN
INTERFUND LOAN FROM THE SEWER LINE CONSTRUCTION FUND (245) TO THE
SPECIAL ASSESSMENT FUND (251), IN THE AMOUNT OF $149,611.00 TO
FRONT THE ESTIMATED COSTS TO BE INCURRED DURING THE 1992-93
FISCAL YEAR, IN CONNECTION WITH THE MAINTENANCE OF LANDSCAPING IN
PORTIONS OF KENDALL DRIVE, UNIVERSITY PARKWAY AND NORTH PARK
BOULEVARD, THROUGH ASSESSMENT DISTRICTS NOS. 951 AND 952.
BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE
CITY OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. The Director of Finance is hereby directed to
make an interfund loan from the Sewer Line Construction Fund
(245) in the amount of $149,611.00, to front the estimated costs
to be incurred during the 1992-93 Fiscal Year, in connection with
the maintenance of landscaping in portions of Kendall Drive,
University Parkway and Northpark Boulevard, through Assessment
Districts Nos. 951 and 952.
SECTION 2.
The loan from the Sewer Line Construction
Fund (245) shall be repaid with interest, at the prevailing
portfolio rate, in the 1993-94 Fiscal Year from assessments
placed on the parcels within Assessment Districts Nos. 951 and
952.
RESO: AUTHORIZING INTERFUND LOAN FROM SEWER LINE CONSTRUCTION
FUHD . TO SPECIAL ASSESSMENT FUND IN .CONNECTION WITH
LANDSCAPE MAINTENANCE OF A.D. NOS. 951 and 952.
1 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 meeting thereof, held on the
4
15th day of
June
, 1992, by the following vote, to-wit:
5 Council Members:
6 ESTRADA
7 REILLY
8 HERNANDEZ
AYES
NAYS
ABSTAIN
ABSENT
x
x
x
9 MAUDSLEY
x
10 MINOR
x
11 POPE-LUDLAM
x
x
/)
(A ,.c/., ( IJ\)f;, < "1/
Rachel Krasney; City Clerk
The foregoing resolution is hereby approved this 18th
June
, 1992.
".;~,.
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Approved as to form
20 and legal content:
21 James F. Penman
City Attorney
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