HomeMy WebLinkAboutResolution No. 3942 RESOLUTION NO. 3942
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF DOWNEY RESCINDING RESOLUTION NO. 1198, WHICH
ESTABLISHED A REVOLVING FUND FOR THE CONSTRUCTION
OF IMPROVEMENTS IN PUBLIC RIGHTS -OF -WAY (STREET &
SIDEWALK CONSTRUCTION FUND)
WHEREAS, the City of Downey has completed few street improvements since July
1978 under the provisions of Chapter 27, Part 3, Division 7, of the Streets
and Highways Code of the State of California; and
WHEREAS, there is little likelihood in the near future of a resumption of
the Sidewalk Matching Fund program as it existed prior to July 1978; and
WHEREAS, the City of Downey is under a severe strain to utilize all available
resources for its operations.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS
FOLLOWS:
SECTION 1. That Resolution No. 1198 is hereby rescinded.
SECTION 2. That the current balance of approximately $45,000 in the Street
and Sidewalk Construction Fund be transferred to the City General Fund
without restrictions.
SECTION 3. That any future pay -backs collected with the property taxes and
which were created as a result of construction under the provisions of
Chapter 27 be deposited in the City General Fund without restrictions.
SECTION 4. The City Clerk shall certify to the adoption of this resolution
and provide for appropriate distribution thereof.
APPROVED AND ADOPTED THIS 14th day of April , 1981.
Ted H. J ckman, Mayor
ATTEST:
4
_City C' erk
I HEREBY CERTIFY THAT the foregoing Resolution was duly adopted by the City
Council of the City of Downey at a regular meeting thereof held on the
14th day of April , 1981, by the following vote:
AYES: 5 Council Members: Swearingen, Mackaig, Quinn, Cormack, Jackman
NOES: 0 Council Members: None
ABSENT: 0 Council Members: None
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City Clerk