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Resolution 1227 ", ',' ':"Y'.,~-',,-""""-jf.~...' / .. , WJML: JS: amf 1-25-68 lOC RESOLUTION NO. 1227 A RESOLUTION CREATING A SPECIAL FUND TO BE KNOWN AS "CITY OF GILROY LUCHESSA AVENUE IMPROVEMENT DISTRICT FUND" LUCHESSA AVENUE IMPROVE~mNT DISTRICT PROJECT NO. 1967-2 RESOLVED, by the City Council of the City of Gilroy, California, that WHEREAS, the City has instituted proceedings for undertaking the work and improvements pursuant to Resolution No. 1139 of Preliminary Determination and of Intention adopted by this Council on September 5, 1967, as subsequently amended, and the Municipal Improvement Act of 1913j WHEREAS, said improvements included the construction of crossing signals at the intersection of Luchessa Avenue and the drill track to be constructed in said proceedingsj and WHEREAS, Section 10209 of said Municipal Improvement Act of 1913 provides that this Council, to expedite the making of said acquisitions and improvements, may at any time transfer out of any available funds such sums as it deems necessary and that any sums so transferred are a loan and shall be repaid out of the proceeds of the assessments. NOW, THEREFORE, IT IS ORDERED, as follows: 1. A special fund, to be known as the City of Gilroy Luchessa Avenue Improvement District Fund be, and it is hereby created. 2. The sum of 010,000, and such other sums as the Council may hereafter order, shall be transferred from the general fund or from other available funds of the City to said fund hereby created. 3. The moneys in said fund shall be expended for the cost of the construction of said crossing signals at the intersection of Luchessa Avenue and said drill track. /227 .. . 4. Said fund shall be reimbursed from the assessments to be collected and the proceeds of the bonds to be issued in said assessment proceedings and from such other sources as the Council shall hereafter determine. 5. When the purposes for which said fund is created have been fully accomplished, all moneys remaining therein shall be returned to the general fund or to such other funds as transfers were made to said fund, and said fund shall be discontinued. 6. A certified copy of this resolution shall be filed in the office of the City Treasurer. * * * * * * * * * * * * * I hereby certify that the foregoing is a full, true and correct copy of a resolution duly passed and adopted by the City Council of the City of Gilroy, California, at a meeting thereof held on the 5th day of February , 1968, by the following vote of the members thereof: AYES, and in favor thereof, Councilmembers: Allemand,Duffin, Kennedy,Quartiroli ,Silva,Wentworth, and Goodrich. NOES, Councilmembers: None ABSENT, Councilmembers: None APPROVED: Jt'~L5~~ Mayor 2 I hereby certify that the foregoing is a full, true and correct copy of a resolution duly passed and adopted by the City Council of the City of Gilroy, California, at a meeting thereof held on the ...2l!:L day of February , 196~, by the following vote of the members thereof: AYES, and in favor thereof, Counc ilmember s: All eman d, Duff in, Kennedy,Quartiroli ,Silva,Wentworth, and Goodrich. NOES, ABSENT, Councilmembers: None Councilmembers:None APPROVED: ~~~~~~ Mayor