HomeMy WebLinkAboutResolution - City Council - 82-566 - 1982-12-21•
RESOLUTION NO. 82-566
• Finance
:MSD
Pub I f.c Works
RESOLUTION APPROVING FINAL DISPOSITION OF' SUID?LUS FUNDS;
TRANSFERRING UNUSED CONTRI.BUTIONS MADE BY 1rHE CITY OF
FRESNO 'I'O CITY OF FRESNO; DETERl~INING AMOUNT t)F SURPLUS IN
IMPROVE:t1E1,1T FUND BY REASON OF THE. ASSESSMEN,r IN THE MATTER
OF CITY OF FRESNO ASSESSMENT DISTRICT NO~ 79
RESOLVED, by the Council of the City of Fresn(),. California,
that:
WHEREAS, on March 20, 1979, the Council c>f the City of
Fresno, Fresno County, California, pursuant to the provisions
of the Municipal Imp:r-ovement Act of 1913, as an:iended, adopted
its Resolution of Int:ention No. 79--116 for the acquisition and
construction of public improvements as described in said Reso-
lution; and
WHEREAS, all of the work of improvement ordered to be done
and made in thE~ proce-edings relating to City of Fresno Assess-
ment District No. 79 has been completed; and
WHEREAS, Ei::hibit HAfl attached he1::-eto and incorporated here-
in by reference and entitled "Summary of Surplusn, as reported
by the Treasurer of the City c:,f Fresno, sets forth the amounts
as finally paid for ac'.!quisitions, work, and improvements., au.d
the costs and expenses incidental thereto; as to sa:i.d Assess-
ment District, with ref,erence to the construction of street
improvements and storm drainage facilities; and
WHEREAS, there are funds in the Improvement District Fund
of said Assessment District in the total sum of $382,697.98; and
WHEREAS, thie City of Fresno made contributions in the total
sum of: $1,778,684.29 for acquisitions, workj. and improvements
and costs and expenses incidental thereto which were chargeable
to the City of Fresno in sa:td Assessment District proceedings;
and
WHEREAS, the final total project cost for such work charge••
able to the City of F'resno is i11 the isum of $1,531,,047 .33,
leaving unused contributions in said Improvement Di.strict Fu11d
in the sum of $247"636.96 as related to such work chargeable to
the City of Fresno; that said unused contributio11s result from
0
• • -2-
excess cont1:ibutions to said Fund by the City of Fresno on be-
half of said Improvement District; and that said unused cont:ri,, ..
but ions in the sum of $24-7, 636. 96 should therefore b,e returned
in cash by the trans fer thereof to th1e City of Fresno; and
WHEREAS, the total revenue from assessments levied upon
properties in said Assessment District proceedings was in the
total sum of $1,095,343.98 for acquisitions, work;t and improve-
ments and costs and expenses incidental thereto; that the final
project cost for such work levied and completed upon properties
in said Assessment District proceedings work was in the sum of
$991,619.71 ($993,831.85 less $2,212.14 in reimbursements to
Assessments 79-203, 79-270 and 79-435); that the Etum of
$100,379.97 ($101,512.13 less $1,132.16 in refunds for Assess-
ments 79-655, 79-656 and 79-657) remains in the Improvement:
District Fund as surplus funds attributable to the unexpended
balances of proceeds of assessme1t1ts heretofore paid and monies
received on account of the sale of bonds representing unpaid
assessments levied upon the properties in said di.strict for·· the
cost of such work; and
WHER~iS, services have been duly rendered in ·the valued sum
of $33,548.89 by the City of Fresno in connection with such
assessment district as set £01:-th in the usummary of Surplus 11
attached hereto as Exhibit nAn; and
WHEREAS.,, the Council, in said Resolution of Intention
No .. 79-116 adopted by said Council on March 20,. 1979, provided
that any such surplus realized from said assessments may be
applied as a credit upon the individual assessments levied in
said Assessment District in the manner provided in Sec-
tion 10427(b) of the Streets and Highways Code of the State of
California; and
WHEREAS, said total surplus should be paid as hereinafter
provided_.
NOW, TI:-IF..REFORE, IT IS HEREBY FOUND, DETERMINE:D, AND ORDERED
AS FOLLOWS:
• •
1. The total sum of $382,697.98 shall be transferred fr·om
the Improvement Fund of Assessment Di.strict No. 79 as follows:
a. The existing surplus i.n the Improvement District
Fund in the sum of $100,379 .. 97 shall be applied as a credit
upon the individual assessments in the manner provided in
Section 10427(b) of the Streets and Highways Code of the
State of California.
b. The sum of $247,636.96 shall be trans.ferred to
the City of Fresno as return of unused contributions made
to such fund for the cost of ac<Juisitions ,, work, and irn-
provements, and the costs and expenses incidental thereto
chargeable to the City of Fresno in said assessment
proceedings.
c" The sum of $1,132.16 shall be transferred as re ...
funds in accordance with the "Summary of Surplusu attached
hereto as Exhibit 0 An.
d. The sum of $33,548.89 shall be transferre.d to the
City of Fresno in accordance with the usumma.ry .of Surplus 0
attached hereto as Exhibit 11An.
STATE OF CALIFORNIA
COUNTY o:F FRESNO
CITY OF J?RESNO
CLERK'S CERTIFICATION
)
)
)
ss.
I, JACQUELINE L. RYLE, City Clerk of the City of Fresno,
certify that the foregC1ing Resolution was adopted by the Council
of the City of Fresno, Cal:tfornia, at a regular meeting thereof,
held on the 21st day of December , 19 82 ..
JGM:pw
12/2;82
APPRO\mtD AS TO FORM:
-·-------
• •
SUMMARY OF SlJRPJ..US
REMAINING IN IMPROVEMENT FUND BY REASON
OF ASSESSME:N'r AND CONTRIBUTION
CITY OF FRESNO ASSESSMEMT DISTRI,CT NO.-79
PROJECT COSTS
Cost of Construction
Incidental Cost
TOT.AL PROJECT COST
SOURCES OF PROJECT FUNDS
County of Fresno Contribution
City of Fresno Cotttributions
Improvement Projects
Design of Project
(Acct. No. 79075)
HCD Dept. Contributions for
Payment of Assessments per
Resolution No.. 79-305
Assessments to Bond
Paid Assessments
By Owne!rS
By HCD Loan Cashier's
Memo No .. 6591
Assessment No. 809
Assessment No .. 203
Assessment No .. 270
TOTAL PROJECT FUNDS
DISBURSEMENT OF PROJECT FUNDS
Reimbursement to A~tsessment
No. 203
No. 270
No. 435
Engineering Services
Project Disbursements
Refunds to be Made With Close
Out of District*:
Total -
TOTAL DISBURSEMENTS
REMAINING BALANCE OF FUNDS
$
$
ASSESSABLE
ST:RE:ET
IMPROVEMENTS
8.26, 780.36
164,839.35
991,619.71
-o-
-o-
-o-
838,387 .. 42
220,648 .. 76
34,333 .. 35
-0-
1.,001.92
972 .. 53
$1.,095.,343.98
$ 1,001.92
972.53
237.69
-0-
958,070.82
671.sO(a)
21,867.39(b)
11,010 .. oo(c)
340 .. 57(d)
340.57(e)
451.02(£)
$( 34,681.05)
$ 960,282.96
$ 135,061.02
( 34,681.05)
$ 100,379.97
NON-
.ASSESSABLE
STREET
IMPROVEMENTS
$1,,384,277.45
145,699.26
$1,,529,976.71
$ 240,000.00
$11345,220.00
93,0lt,6.13
lOOi000,.00
-o-
-o-
-o-
418.16
-o-
-'0--
$1,778,684.29
$ 1,070.62
1,529,976.71
$1,531,047.33
$ 247,636.96
·roTALS
$2,.211,057 .81
310,538 .. 61 _.._.......,. __ .......,__
$2,512,596 .. 42
$ 240,000.,00
.$1, 345 ,220,,,00
93,()46 .. 13
100,000.00
2201 648,. 76:
34,333 .. 35
418.16
1,001.912
972,.,53 -
$2.11874,028 .. 2:7
$ 1,001.,9;i
972 .. 5:~
231. 6~~/ ,
1,070.62
2,488,047.53,
$2,491,330 .. 29
$ 382,697 ... 98
• •
SUMMARY OF SURPLUS FOR ASSESS.MENT DISTRICT NO., 79 CONTINUED
R E f A P -])ISBURSEMENT OF Il\1PROVEMENT FUND SURPtUS AND UNUSED FUNDS
Free Balance in Ass,essment District No., 79 (Fairgrounds)
Account No'" 830-250-3001
Ct·edit: to Assessments (Street Assessments ONLY) Acct. No. 830-673-5262
Transfer to City's Capital Account No. 830-673-58.59
Refunds to Assessme,nt Items d, e & £ Ac:count No. 830-673-5262
Disbursements to Va:i:ious City Accounts as Shown :i.11 Items a, b & c
IMPROVEMENT FUND BALANCE AFTER CREDIT UlSBURSEMEN'J$
*NOTES: (a) Publication and mailing expenses· inc~urred by City Clerk's
0ffic1a $671.50. Reimburse Account 'No. 830-673-5762.
(b) Legal fees assessed to District No. 79 by Council action
$21,8157.39. Reimburse Account No. 830-673-5762,.
(c) Bond service asseEi.sed to District No. 79 by Council
actim1, $11,010 .• 00 for City Fina~c-e~ Reimburse Account
No. 830-673-5762.
(d) Reimburse Assessment No. 79-655 (imI,~rovements deleted)
$340 .. 57; Payabl~ to! K. T. & Christina Oei, P.O.
Box 763, Fresno, California, 93712.
(e) Reimburse Assessment No. 79-656 (improvements deleted)
$340.57; Payable to: K. T. & Christina Oei, P.O.
Box 763, Fresno, California)' 93712.
(£) Reimburse Assessment No. 79-657 (improvements deleted)
$451.02; Payable to: Vicente Araizciz, 11470 W. !Church,
Fresno, California, 93706
$ 382,697.98
(100,379 .. 97)
(247,636.96) i
( 1,132 .. 16)
( 33,548.89)
, .. "