HomeMy WebLinkAbout1992-331
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RESOLUTION NO.
92-331
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 $22,818.15 TO
FRONT THE ESTIMATED COSTS INCURRED FROM APRIL 1, 1992, TO JUNE
30, 1992, IN CONNECTION WITH THE MAINTENANCE OF LANDSCAPING IN
PORTIONS OF KENDALL DRIVE AND SHANDIN HILLS, THROUGH ASSESSMENT
DISTRICT NO. 959.
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 $22,818.15, to front the actual costs
incurred from April 1, 1992, to June 30, 1992, in connection with
the maintenance of landscaping in portions of Kendall Drive and
Shandin Hills, through Assessment District No. 959.
SECTION 2.
The loan from the Sewer Line Construction
Fund (245) shall be repaid with interest, at the prevailing
25
portfolio rate, in the 1993-94 Fiscal Year from assessments
placed on the parcels within Assessment District No. 959.
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7-16-92
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RESO: AUTHOR I ZING INTERFUND LOAN FROM SEWER LINE CONSTRUCTION
FUND TO SPECIAL ASSESSMENT FUND IN CO~NECTION WITH
LANDSCAPE MAINTENANCE OF A.D. NO. 959.
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and Common Council of the City of San
~~~
Ra el Krasney, City erk
The foregoing resolution is hereby approved this ..l2i12-._
day of
C\\l..CI.\:\C,\
()
-"
, 1992.
/"
///--'
'if. ~: lIoi~;mb: Mayor
Ci ty of San Bernardino
Approved as to form
and legal content:
James F. Penman
City Attorney
By 1'(61 /1 .dO.. "
, I
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