HomeMy WebLinkAboutReso 5163-1969 RESOLUTION NO. 5163
A RESOLUTION AUTHORIZING LOAN TO SPECIAL FUND
EL CAMIN0 REAL SIDEWALK PROJECT
ASSESSMENT DISTRICT
RESOLVED, by the City Council of the City of South
San Francisco, California, that
WHEREAS, the City has heretofore made and entered into an
agreement with the State of California for the improving of
State Highway Route 82 (El Camino Real) to a six-lane divided
highway between one-tenth of a mile south of'Sneath Lane in
San Bruno to one-tenth of a mil~ north of West Orange Avenue
in South San Francisco, within ~ minimum 120-foot width right
of way, a portion of Which said improvement lies within area
under the jurisdiction of the City of South San Francisco,
pursuant'to which City is obligated to make certain payments
to the State representing its snare of the cost of the improve-
ment'
WHEREAS, the City has initiated proceedings pursuant to
ResOlUtion of Intention No. 5002, adopted December 16, 1968,
for financing a portion of said City cost through special
assessment and assessment bond proceedings against properties
benefited by a local improvement portion of said proposed high-
way improvement;
WHEREAS, under the terms of said agreement, the City is
obligated to advance certain sums at certain times, and is
authorized~ pursuant to Sectio~ 10210 of the Streets and.High-
waysCode, to make loans to assessment proceedings repayable
out of the proceeds of assessments and sale of bonds when
available ~ ~.
NOW, THEREFORE, IT IS 0REERED, that any funds paid by the
City to the State, pursuant to said agreement prior 'to. the avail-
ability of the proceeds of assessments and sale of assessment
bonds in said assessment proceedings, shall be deemed a loan to
the special fund to be created in said special assessment pro-
ceedings and shall be repaid out of the proceeds of assessments
and sale of assessment bonds when available, all pursuant to
Section lO210 of the Streets and Highways Code.
I hereby certify that the foregoing resolution was regularly intro-
duced and adopted by the City Council of the City of South San Francisco
at a regular meetinq held on'the 2nd day of September, 1969, by the
following vote:
AVES, COUNCILMEN
NOES, "
ABSENT, "
Frank J. Ber-.ucelli, Patrick 5. Ahern, F. Frank
,%lammini and Andrew Rocca
None
¥%arren Stein<amp
ATTEST:
C~ ty Cl~rk