HomeMy WebLinkAboutReso 2691-1958RESOLUTION NO. 2691
RESOLUTION CREATING ACQUISITION AND CONSTRUCTION FUND,
TRANSFERRING FUNDS THERETO, PROVIDING FOR EXPENDITURES
THEREFROM AND REIMBURSEMENT THEREOF IN CONNECTION WITH
PROPOSED PARKING DISTRICT NO. 1 OF THE CITY OF SOUTH
SAN FRANCISCO
WHEREAS, the City Council of the City of South San Francisco has instituted
proceedings for the creation of a proposed parking District No. 1 of the City of South
San Francisco under the provisions of Ordinance No. 418 of the City of South San
Francisco, and amendments thereto; and
WHEREAS, Section 35108.5 of the Parking District Law of 1951, which is the
principal Act under which said Parking District is to be formed, provides for the
transfer i~o the Acquisition and Construction Fund for such sums as may be deemed
necessary.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San
Francisco that there is hereby created a fund to be designated Acquisition and Construc-
tion Fund for Parking District No. 1; and
BE IT FURTHER RESOLVED that all funds for the acquisition of land and the
improvement thereof in said proposed Parking District No. 1 shall be paid into said
fund; and
BE IT FURTHER RESOLVED that the sum of $2,500.00 be, and it is hereby, trans-
ferred from the Parking Meter Fund of the City of South San Francisco to the said
Acquisition and Construction Fund under the authority of Section 35108.5 of the Parking
District Law of 1951 of the State of California, and Ordinance No. 418; and
BE IT FURTHER RESOLVED that said sum of $2,500.00 shall be used for the purpose
of making such acquisitions or improvements and incidental expenses of the proceedings
in connection with said Parking District Law of 1951 as may be authorized by the City
Council of the City of South San Francisco; and
BE IT FURTHER RESOLVED that said $2,500.00 so transferred shall be deemed a
loan to said Acquisition and Construction Fund and shall be repaid to the Parking Meter
Fund from the proceeds of bonds issued in connection with the establishment of said
proposed Parking District No. 1 of the City of South San Francisco.
I hereby certify that the foregoing Resolution was duly and regularly
adopted by the City Council of the City of South San Francisco, San Mateo
County, California, at a regular meeting thereof, held on the 2nd day of
September, 1958, by the following vote, to wit:
AYES,
NOES, None
ABSENT, None
Councilmen G. J. Rozzi, Andrew Rocca, Emilio Cortesi, Leo J. Ryan
and Patrick E. Ahem
ARTHUR Ao RODONDI, City Clerk
City of South San Francisco
San Mateo County, California