1995-019 Requeza Assessment RESOLUTION NO. 95-19
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ENCINITAS DESIGNATING THE DIRECTOR OF
ENGINEERING SERVICES AS SUPERINTENDENT OF
STREETS AND DESIGNATING THE FINANCIAL SERVICES
MANAGER TO COLLECT AND RECEIVE ASSESSMENTS
AND DIRECTING THE CITY FINANCIAL SERVICES
MANAGER TO ESTABLISH A SPECIAL FUND FOR
Assessment District No. 93-1 (Reoueza Street/Bracero Road)
WHEREAS, by Resolution No. 95-18, this City Council confirmed an assessment on
lands lying within Assessment District No. 93-1 (Requeza Street/Bracero Road) and ordered the
assessment and diagram to be filed in the office of the City Engineer, acting as the
Superintendent of Streets, and to be recorded in the Office of the County Recorder; and
WHEREAS, it appears that the Financial Services Manager is covered by a blanket
fidelity bond covering the faithful performance of the duties impose by law in an amount deemed
by this City Council to be adequate; and
WHEREAS, under the provisions of Section 10424 of the California Streets and
Highways Code, funds collected by the Financial Services Manager pursuant to an assessment
under the Municipal Improvement Act of 1913 are required to be placed in a special fund
designated by the name of the improvement proceeding;
NOW, THEREFORE, the City Council of the City of Encinitas DOES HEREBY
RESOLVE, DETERMINE AND ORDER as follows:
SECTION 1. There is hereby created a special fund to be held by the Financial Services
Manager known as the "Assessment District No. 93-1 Improvement Fund".
SECTION 2. The Engineer of Works is authorized to send a notice regarding the
collection of assessments and the Financial Services Manager is hereby designated to collect and
receive all funds paid on account of the assessment levied upon lands in Assessment District No.
93-1 (Requeza Street/Bracero Road) and the Financial Services Manager is directed to place all
funds so received in the aforesaid Assessment District No. 93-1 Improvement Fund. Said notice
shall provide that the assessee has 30 days from the lien date to pay the assessment in cash. If an
assessment is paid within said 30-day period, the assessee shall pay the assessment less 18.6%
thereof which discount represents the amount of the bond reserve fund and the approximate bond
discount which will be required for bonds issued to represent unpaid assessment.
PUBL:23377-11I41B2634'2 1 ~Ok ~
Mayor of the City of Encinitas
[SEAL]
ATTEST:
City Clerk of the City of Encinita~"
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
I, Deborah Cervone, City Clerk of the City of Encinitas, do hereby certify that the
foregoing resolution was duly adopted by the City Council of said city at a regular meeting of
said City Council held on the 12 day of Apr±l , 1995, and that it was so adopted by
the following vote:
AYES: Bond, DuVivier, Hano
NOES: Aspell, Davis
ABSENT: None
ABSTAIN: None
City Clerk of the City of Encinitas
[SEAL]
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
I, Deborah Cervone, City Clerk of the City of Encinitas, do hereby certify that the above
and foregoing is a fuI1, true and correct copy of RESOLUTION NO. 95-19, of said City
Council, and that the same has not been amended or repealed.
DATED: ~t/ -- /~,~ ,1995
City Clerk of the City of Encinitas
[SEAL]
I~UBL:23377_II14[B2634.2 3 I~OOt~ ~ _ 9 -~a~,e ?