HomeMy WebLinkAboutReso 125-1980RESOLUTION NO. 125-80
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION DETERMINING SPECIAL
DISTRICT AUGMENTATION FUND DISTRI-
BUTION, PER A.B. 8 SECTION 98.6
WHEREAS the City Council
1. Received the County Auditors Special District Augmentation Fund notice
of allocation per A.B. 8, Section 98.6 (b) and
2. Conducted a public hearing thereon October 29, 1980 in accordance there-.
with, and
3. After said hearing approved the sums determined to be disbursed to each
special district as described in Exhibit A attached hereto,
NOW THEREFORE BE IT RESOLVED by the City Council of the City of South San Francisco
that the amount of funds to be disbursed to special districts shall be as set forth
on Exhibit A attached hereto'
WEST PARK WEST PARK
NO. 1 & 2 NO. 3
$ 4,514 $ 40,252
STONEGATE WILLOW
RIDGE GARDENS
0 0
I hereby certify that the foregoing Resolution was regularly introduced and
adopted by the City Council of the City of South San Francisco at an adjourned r~,gular
meeting held on the 29th day of October , 1980 , by the following vote:
AYES: Councilmen'.Emanuele N. Damonte, Gus Nicolopulos; and Councilwoman Roberta
NOES:
ABSENT:
Cerri Teqlia
Councilman Mark N. Addieqo
Councilman Ronald~G. Acosta
City Clerk
LINE
COMMON GREENS DISTRICTS
SPECIAL DISTRICT AUGMENTATION FUND DISTRIBUTION 1980-81
EXHIBIT A
RESOLUTION NO. 125-80,' adopted
October 29, 1980 ~
WEST WEST. STONEGATE WILLOW
PARK 1 & 2 PARK 3 RIDGE - GARDENS TOTAL
1. Fund Balance July l, 1980
2. Add: Net Property Tax Revenue
3. Sub-total
4. Deduct: Budgeted Expenditures
5. Sub-total
6. Add: Proposed Augmentation
Fund Distribution
7. Estimated Balance June 30, 1981
$ 41,461 $ 70,266 $13,495
64,381 145,922 22,539
$105,842 $216,188 $ 36,034
98,696 229,346 25,411
$ 7,146 $(13,158) $ 10,623
4,514 40,252 0
$ 11,660 $ 27,094 $ 10,623
'$119,639 $ 144,861
~2,620 245,462
$ 32,259 $ 390,323
21_,343 37~,.796
$ 10,916 $ 15,527
0 44,766
$ 10,916 $ 60,293
Estimated Balance June 30, 1981
as a Percent of Budgeted
Expenditures
ll .8% ll ,8% 41.8%
51.1% 16.1%