HomeMy WebLinkAboutResolutions - No. 84-039RESOLUTION NO. 84-039
BEFORE THE CITY COUNCIL OF THE CITY OF
LODI, CALIFORNIA
A RESOLUTION ORDERING REDUCTION OF ASSESSibIENTS
AND DIRECTING AMENDMENT TO ENGINEER'S REPORT
LODI UNITED DOWNTOWN ASSESSivIENT DISTRICT
BEAUTIFICATION PROJECT
RESOLVED, by the City Council of the City of Lodi, California, that
WHEREAS, on February 22, 1984, said Council adopted its Resolution No.
84-17, A Resolution of Intention to Acquire and/or Construct Improvements, to order the
acquisition and/or construction of public improvements, as more particularly described in
said Resolution; the estimated cost of said improvements was $851,907.00, and the
estimated contribution by the City of Lodi was $273,000.00, leaving a balance of
$578,907.00 to be assessed;
WHEREAS, following the opening of bids for the work, and the negotiations for
the sale of the bonds to be issued upon the unpaid assessments, said assessments should be
reduced to reflect the reduction in the cost of construction, and the estimated amount of
interest to be earned on the proceeds of the bonds pending disbursement for the project
costs;
NOW, THEREFORE, IT IS HEREBY ORDERED as follows:
1. The total assessment is hereby reduced to $555,638.63, and that each of
the individual assessments be ratably reduced to reflect the reduction in the cost of
construction per district zones, and the estimated interest to be earned on the investment
of the bond proceeds pending disbursement for the project costs.
2. The Engineer of Work is authorized and directed to make the changes
hereinabove ordered in the Engineer's Report and assessment on file herein.
DATED: April 4, 1984.
I, ALICE M. RELMCHE, City Clerk of the City of Lodi, do hereby certify that
Resolution No. 84-039 rjas passed and adopted at a regular meeting of the City Council
of the City of Lodi, held April 4, 1984, by the following vote:
AYES: Councilmen- Murphy, Pinkerton, Snider, and
Reid
NOES: Councilmen- None
ABSENT: Councilmen - 01 s o n
ABSTENTIONS: Councilmen - None
ALICE M. REIMCHE; City Clerk
-1-
84-039.