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..... ...... ~.~i'ON tO. 77 108
RESOLUTION OF THE CITY COUNCIL OF THE
CI''~v~ ..._ O?' UKIAH GIVING Abot. J.~L~N~.ES'~O -. " FOR
~'~'~.~ DiSTR!Cm BOND
~4UmPPAC, the downtown area of '~ ~ tv
......... ~:'1_ Ci of Ukiah for?:~s
the major part of Parking District {}1~ and
WHEREAS~ earking meters are ola~,_d threugheut
District~ the revenue off which ~oes toward ~}arkinc~ !istrict
bond retirement,
.... LER=~AS, it is orcposed~ to a~low~ merchants aloha, various
streets in the downtown area to Day a sum certai, n to
City with the City in return removing ~uarkin~ mete~s
in front of the merchant's place of business which is
resented b,., that s~n certain, and
WHEREAS, the amount paid b~' the merchants shall be
considered district revenue and applied toward parkino-
district bond retirement in the same manner as oarkina
meter revenues.
NOW, THEREFORE, IT IS HEREBY RESOLVED ~ha~ the
- ~. =
Council covenants, to the holders of the bonds cf Parkinc
District {1, that any deficiencies which ma,' occur in r~arkina
district revenues beca~se of the above described meter
removal program shall be made up from revenues of the City
of Ukiah.
PASSED AND ADOPTED this 15th day o{ June ,
by the fel!owina roll call vote:
AYES~ Councilmen Bra..nn ,
~'~ ~ n Feibusch, Ceut~ci!woman Snyder
Mayor Simpson
NOES: Councilman :?ood
ABSENT ~ None
OF MENDOCINO COUNTY
June 9, 1977
Mr. James Swayne
City Manager
CITY HALL
203 South School Street
Ukiah, CA 95482
Dear Jim:
The proposed City Council resolution included in your
letter of May 31, 1977 is accepted.
Yours very truly,
./
Charles B. Mannon
President
CBM:ra
200 NORTH SCHOOL STREET - UKIAH, CA 95482
TELEPHONE (707) 462-6613