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Home My WebLink AboutCC RESO 8218HOUSING AND HOME FINANCE AGENCY COMMUNITY FACILITIES ADMINISTRATION RESOLUTION OF GOVERNING BODY OF APPLICANT RESOLUTION NO. 8218 Project No. OFA-1101-2a (9/62) (For HHFA use.) Resolution providing for increase in planned total expenditure for capital improvement projects. Title 5, Division 2, Part 1, Chapter 4, Article 3. local law) Whereas, under the terms of Public Law 87-658, approved September 14, 1962, the United States of America has authorized the making of a grant to aid in financing the construction of a specific public works project, provided the proposed or planned total expenditures of the public body for its capital improvement projects is increased by an amount approximately equal to the non -Federal funds required to complete such public works project: Now, Therefore, Be It Resolved By THE CITY COUNCIL OF THE CITY OF NATIONAL CITY Governing Board of Applicant 1. That as of the date of filing of an application by CITY OF NATIONAL CITY (Drainage Project Exact Legal Corporate Name of Applicant) (hereafter called Applicant) with the -Housing and Home . ce Agency, United States Government, for a grant to aid in financing the construction of 7th Street, "Q" Avenue to "T" Avenue the Applicant had a capital improvements plan or capital improvement budget for the fiscal year or years during which construction of the proposed. project is expected to occur; and that the total expenditure for capital improvements in said plan or budget was $140,000 for the fiscal year ending June, 1963 and $65,000 for the fiscal year ending June, 1964. However, due to the present financial condition of the' general and other funds of the City of National City, as more fully explained in Exhibit A, attached hereto and incorporated by reference the actual expenditure which could be made during such fiscal year is $0. 2. That, in the Brent that said Federal grant is approved by the United States of America, said capital improvements plan or capital budget will be /is hereby/ increased by $65,000 for the fiscal year ending June, 1963 and $65,000 for the fiscal year ending June, 1964 for a total increase of $65,000 in the proposed or planned total expenditure for capital improvement projects (exclusive of Federal funds). 3. That said total increase in the proposed or planned total expenditure for capital im- provement projects is approximately equal to the non -Federal funds required to complete the public works project for which the application is to be submitted. This resolution is adopted pursuant to the authority provided by Government State Code, (cite applicable State or Name of 1pplicant.) correct copy of the resolution, providing for an increase in the proposed or planned total expenditures for capit impro men.t prp,J g cts, as regularly adopted at a legally onvened du meeting of the •-��_,. /e duly held on th, dav of L c211,-, (Name of Go .rning Body of Applicant) ' 19 A,v; and further that such resolution has been fully recorded in the journal of pro- ceedings and recor+:'s in my office. In Witness Whereof, I have hereunto set my hand this — o ltiav of >-e If the applicant has an official seal, ingress here CERTIFICATE OF RECORDING OFFICER of the The undersigned duly qualified and acting c�r C L 't> 1t-L -,g-L (Titl of Officer) (Ex t egal Corporate (f=- ""— `- does hereby certify: That the attached resoluti, is a true and Signature of Recording Officer Title Recording Officer Con EX IBIT "A" Drainage fund and the manner in which it is administered to in National Ctty is hereby ex- plained. ing the resolution matters as related to The Drainage fund can be considered as a holding fund for moneys. this supported by the General fund. This is to say that any moneys placed in the Drainage fund by the General fund are not necessarily allocated for any particular project, which is the case in the 1962-63 operating budget for the City of National City as applied to drainage. As this resolution indicates, the Drainage budget for this fiscal year is set forth as $140,000,00. No allocations were made to any specific projects, this only indicating that this would be the full amount of money which would be avaiiable to the Drainage fund as of June, 196, providing that the General fund was able to support it in it's e tir ty. The attached two charts should show a clearer picture as to the manner in which the Drainage fund would have to operate during this fiscal year without using thatching funds, and counterpart shows the Drainage fund as it could operate utilizing the matching funds available under the Public Works Acceleration Act. In the chart showing the fund whereby matching funds would not be used, the following set forth. As of July 1, 1962, $65,000.00 were on hand. it was immediately necessary to borrow $25,000.00 from this fund to help support the General fund, making a balance on hand of $40,000.00. No motaeys were used from the Drainage fund untii October i6, 1962, at which time another r Iosed o fond of $10 which would ordinarily the forth I fund, making e betties* in the Oral other morieys 'able to the City ito tbe GOnerei fund are hot available duriog lav eauths* the Orainage fund would hove a balance of Oniy $10 00 ant;i apersehmately May of 1063. ot which tie* the General fund would raptly the entire leen of 155„000.20. This, of curse* MOOS that there is a donhant period as for as drainage construction activities are coo frost 04t r of 1962 until Hay, 1114. *4 A Ate during the period between May and J4000# I'M, lei :4? SADAO 175 te be transferred into the Drain fond by t, nitro% fund for further use during the 1063.64 t; ones again with ho specific projects designated. the other chart which $t util • tide *f seek; un ts platers. Once in 6$ of July I#t62 6$ eis 1,4-4 in this fuilid. 00 loot to the General fund* f course* was mode a$ previously 104icat*0#as fla$ tho 210 .00 4fn to• the General food. a very recent in, of City lands is now neible to replace the burr i eeheys totaling $95,220.40 which would at this tiae give us a balance of $6$0 ,ht,20* ou hand for specific projects. We have two. specific projectslo mind at this ttes Which. totala $130 .4, .00 expenditure* this being the request for the matching funds. One of the ProJecte is tht Highland Averts* 4hrtheasteri to drolaa,i project which will require * total expehditure of $S010-.-41. 00. Tim other project Is Seventh Aweinue •foots 'T4" us 'r which requires a 242#405.02 total expenditure. Once for 000 'o/ le U VI o$ N 0 \ p^ 4 1 \ ,,,.-__' f. u6o7 000 II i oco s9 IL a`� as sI n 51-227AW-P9Yi4'4,d2' J/Y7J.9d5 d'o� S�/,W #' 5J 7Nj' C7/✓Y7 14 y9% 9N/l/7 1,0,4E/Af f9 2 / OM / XV/ ddy 000'01 000'0 9 000`oz/ $ec ere 66.. 4Ten .e�y re6Qwer- flinch Hey N N. N. 0 N � �0 .O O 0 0 O L ,4- _ b�.ere/'wed /+�>£'6 5 Fwndt L.�Geo .PCPeJ. 1n6�/'i 1I- t4 / / i I 11 / J' / ids II / :t a /d / 10 ✓ ' / / / / / / ..i / ° / TM__,-4-r i.I'lio 'Ore!//�A'' 4-ein baxrb/ fused / cl PASSED AND ADOPTED by the City Council of the City of National City, California, this day of October AYES: 19 62 , by the following vote, to -wit: Councilmen Colburn, Hart, Gautereaux 20th NAYS: Councilmen Morgan ABSENT: ATTEST: Allen City Clerk I hereby approve the foregoing Resolution this egelkiralUce . ional City, yor of the City of California' 20th day of Qc_tob.er , 19_.62... ayor of the City of ational City, Califor Resolution No I hereby certify that the above and foregoing is a full and true copy of Ordinance Resolutions j of the of the City of National City, California, as adopted by the City Council of said Ordinances { City, and approved by the Mayor of said City, on the day of 19 City Clerk of the City of National City, California. Deputy