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HomeMy WebLinkAbout1992-331 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 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. / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / 7-16-92 26 27 28 . . 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 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 - 2 -