HomeMy WebLinkAboutReso 092-85 SRRD SP AD Bond RESOLUTION NO. 92-85
RESOLUTION REDUCING BOND RESERVE FUND
SAN RAMON ROAD SPECIFIC PLAN IMPROVEMENT ASSESSMENT DISTRICT
RESOLVED,. by the City Council of the City of Dublin, Calif-
ornia,, that
WHEREAS, this Council did on the 27th day of August, 1984,
adopt its.Resolution of Intention No. 94--84, to acquire and con-
.struct public imProvements in and for said CitY; and
WHEREAS, on July 8, 1985, this Council adopted its Resolution
and Order Adopting Engineer's Report, Confirming the Assessment
and Ordering the Work and Acquisitions wherein a bond reserve
fund in the amount of $14,693.00 for Area A and $63,955.00 for
Area B;
WHEREAS, it is in the best interest of this assessment district
to reduce said bond reserve fund and apply the amount of said
reduction to the costs of servicing bo~ds and Auditor's records.
NOW, THEREFORE, IT IS ORDERED as follows:
1. That the bond reserve fund f6r Area A be and it is hereby
reduced to the sum of $11,755.00 and Area B is hereby reduced
to the sum of $51,164.00.
2. That incidental expenses shall be increased by. the sum
of $15,729.00 to provide the sum of $3,000.00 for AuditOr's records
in the sum of $12,729.00 for bond service costs-Paying agents
fees.
3. The Engineer of Work shall make said changes on the
face of said Engineer's Report.
I hereby'Certify that the foregoing resolution was duly
and regularly adopted and passed by the City Council of~ the City
of Dublin, California, at a regular meeting thereOf held on the
26th day of August , 1985, bY the fo!lowing vote of
the members thereof:
AYES: Councilmembers Hegarty, Moffatt and Mayor Snyder.
NOES: None
ABSENT: Councilmembers Jeffery and Vonheeder.
ABSTAIN: None
ATTEST:
CITY CLERK
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