CC Resolution 1993-054^#E RESOLUTION NO. 93-54
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF LA QUINTA DESIGNATING THE CITY
TREASURER TO COLLECT AND RECEIVE
ASSESSMENTS AND DIRECTING THE CITY
TREASURER TO ESTABLISH A SPECIAL FUND FOR
Assessment District No.**=j
WHEREAS, by Resolution No. 93*53__, t**is City Council
confirmed an assessment on lands lying within Assessment
Districb No. 92-1 and ordered the assessment and diagram to be
filed i* 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 City Treasurer 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
7 WHEREAS, under the provisions of Section 10424 of the
California Streets and Highways Code, funds collected by the
City Treasurer 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 La Quinta
DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows:
SECTION 1. There is hereby created a special fund to be
held by the City Treasurer known as the Assessment District
No. 92-1 Improvement Fund".
SECTION 2. The City Engineer is authorized to send a
notice regarding the collection of assessments and the City
Treasurer is hereby designated to collect and receive all funds
paid on account of the assessment levied upon lands in
Assessment District No. 92-1 and the City Treasurer is directed
to place all funds so received in the aforesaid Assessment
District No. 92-1 Improvement Fund.
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^#E I *
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 12* thereof which discount represents the
amount of the bond reserve fund and the bond discount which
will be required for bonds issued to represent unpaid
assessments.
ADOPTED, SIGNED AND APPROVED this 29th day of June, 1993.
SEAL)
AT E
City Clerk of the City of La Quinta
06/28/93
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^#E Resolution No. 93-54
STATE OF CALIFORNIA
55.
COUNTY OF RIVERSIDE
I, SAUNDRA JUMOLA, City Clerk of the City Council of the
City of La Quinta, do hereby certify that the fotegoing
resolution was duly adopted by the City Council of said City at
a regular meeting held on the 29th of June, 1993, and that it
was so adopted by the following vote:
AYES: Council Members McCartney, Perkins & Sniff
NOES: None
ABSENT: Council Member Bangerter & Mayor Pena
ABSTAIN: None
SEAL)
STATE OF CALIFORNIA
55.
COUNTY OF RIVERSIDE
I, SAUNDRA JUHOLA, City Clerk of the City Council of the
City of La Quinta, do hereby certify that the above and
foregoing is a full, true and correct copy of RESOLUTION NO.
93*54 of said City Council, and that the same has not been
amended or repealed.
DATED: June 29, 1993
ty Clerk of the ity of
SEAL)
06/28/93
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08-17-1998-U01
11:03:31AM-U01
ADMIN-U01
CCRES-U02
93-U02
54-U02