HomeMy WebLinkAbout66-35 CITY OF UK!AH
RESOLUTION NO. 66-35
RESOLUTION AMENDING RESOLUTION NO. 66-32
ADOPTED FEBRUARY 16, 19~6
BE IT RESOLVED by the City Council of the City
of Uklah, that Section 5.05 (b) of Resolution No. 66-32
adopted February 16, 1966 is amended to read as follows:
(b) Parkin.~ District No. 1 Reserve Fund. The
Treasurer shall set aside out of the Revenue Fund and
and shall deposit in the Parking District No. 1 Re-
serve Fund (the initial payment of $15,000 into which
Fund is provided for in paragraph (b) of Section 3.03
hereof) on or before the sixth business day of each
month, all moneys in the Revenue Fund that shall be
required to maintain the Parking District No. 1 Re-
serve Fund in the amount of $15,000 until April 1,
lq6?. Thereafter the Treasurer shall set aside out
of the Revenue Fund and shall deposit in the Parking
District No. 1 Reserve Fund, on or before the sixth
business day of each month, beginning not later than
the month of April, 1967, the sum of $8.~.33 (herein
defined as an "incremental deposit"), plus such addi-
tional sum, if any, necessary to maintain said Reserve
Fund in the amount of $15,000 plus all incremental
deposits made therein, until there shall have been
accumulated, in said Reserve Fund by April 1, 1969 the
amount of $17,000. Thereafter, the Treasurer shall
set aside out of the Revenue Fund and shall deposit
in the Parking District No. 1 Reserve Fund, on or
before the sixth business day of each month, begin-
ning not later than the month of April, 1969, all
moneys in the Revenue Fund that shall be required to
maintain the Parking District No. 1 Reserve Fund in
the amount of $17,000 so long as any Bonds are out-
standing; provided that if any Additional Bonds are
issued hereunder the minimum amount to be maintained
in said Reserve Fund shall be the amount then equal
to the maximum annual debt service on all of the
Bonds and Additional Bonds issued hereunder and then
outstanding. No payment need be made into the Park-
inR District No. 1 Reserve Fund so long as there
shall be in said fund a sum at least equal to said
required amount. Ali. moneys in the Parking District
No. 1 Reserve Fund shall be used and withdrawn solely
for the purpose of paying the principal of and inter-
est on the Bonds, or any part thereof, in the event
that no other funds of the City are then available
therefor.
PASSED AND ADOPTED March 9, 1966, by the following
vote:
AYES:
Councilmen Crook, $cotto, Hat]owe and Norgard.
NOES:
ABSENT:
ATTEST:
None.
Mayor
Bux ton.
Mayor of the Cfty O~/Uk'ia'h', California
City ClErk
CLER?('S CERTIFICATE
I, PALOMA R. WEAVER, City Clerk of the City of
Ukiah, California, do hereby certify as follows:
The foregoing is a full, true and correct copy of
a resolution duly adopted by the City Council of said City, at
a regular meetin~ of said City Council duly and regularly and
legally held at the regular meeting place thereof on March 9,
1966, of which meetin~ all of the members of said City Council
had due notice and at which a majority thereof was present;
At said meeting said resolution was introduced by
Councilman
upon, upon motion of Councilman
by Councilman
vote:
a~d r~ad i~ full, and was there-
. ~ seconded
, adopted by the following
AYES: Councilmen
NOES:
ABSENT:
I have carefully compared the same with the original
minutes of said meeting on file and of record in my office
and said resolution is a full, true and correct copy of the
original resolution adopted at said meeting and entered in said
minutes.
The original resolution has not been amended, modified
or rescinded sin'ce the date of its adoption and the same is now
in full force and effect.
Dated: March
1966.
City Clerk of the City of
Ukiah, California