HomeMy WebLinkAbout2010-06-22 - RESOLUTIONS - LOAN BOUQUET B&TDIST VIA PRINC (2)RESOLUTION.NO. 10-39
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA CLARITA, CALIFORNIA, APPROVING A LOAN FROM THE
BOUQUET CANYON BRIDGE AND THOROUGHFARE DISTRICT TO
THE VIA PRINCESSA BRIDGE AND THOROUGHFARE
DISTRICT IN THE AMOUNT OF $199,000
WHEREAS, there are sufficient funds in the Bouquet Canyon Bridge and Thoroughfare
District to make a loan in the amount of $199,000 to the Via Princessa Bridge & Thoroughfare
District; and
WHEREAS, the funds will be used to provide for the design and construction of the
Newhall Avenue Pedestrian, Facilities and Sidewalk project.
NOW, THEREFORE, the City Council of the City of Santa Clarita does hereby resolve
as follows:
SECTION 1. It is agreed that $199,000 from the Bouquet Canyon Bridge &
Thoroughfare District will be loaned to the Via Princessa Bridge & Thoroughfare District.
SECTION 2. The amount of the loan will be paid back at a future time when funds in
the amount of $199,000 are available to repay the loan back to the Bouquet Canyon Bridge &
Thoroughfare District.
SECTION 3. The loan will be paid back at an interest rate equivalent to the yield of the
average monthly investment portfolio.
SECTION 4. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED this 22nd day of June, 2010.
ATTEST:
CITY CI=:ERK
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I, Sarah P. Gorman, City Clerk of the City of Santa Clarita, do hereby certify that the
foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a
regular meeting thereof, held on the 22nd day of June, 2010, by the following vote:
AYES:
COUNCILMEMBERS:
NOES:
COUNCILMEMBERS:
RECUSED:
COUNCILMEMBERS:
ABSENT:
COUNCILMEMBERS:
Kellar, McLean, Ferry, Ender
None
Weste
None
�Mh(?
CITY CLERK
1
11
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STATE OF CALIFORNIA ) .
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I,
CERTIFICATION OF
CITY COUNCIL RESOLUTION
City Clerk of the City of Santa Clarita, do hereby
certify that this is a true and correct copy of the original Resolution No. 10-39, adopted by the
City Council of the City of Santa Clarita, California on June 22, 2010, which is now on file in
my office.
Witness my hand and seal of the City of Santa Clarita, .California, this _ day of 2010. .
City Clerk
By
Deputy City Clerk
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