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HomeMy WebLinkAboutMINUTES - 09091997 - C16 TO: BOARD OF SUPERVISORS FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR DATE: SEPTEMBER 9, 1997 SUBJECT: ADOPT RESOLUTION DECLARING SURPLUS IN IMPROVEMENT FUND FOR THE KENSINGTON ROADS IMPROVEMENT ASSESSMENT DISTRICT AD 1991-1 SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION I. Recommended Action: Adopt resolution declaring there is a construction fund surplus in the Kensington Road Improvement Assessment District AD 1991-1 and authorize the County Auditor-Controller to distribute the construction surplus as credit upon the assessment levied in said assessment district. H. Financial Impact: None. All expenses are covered by assessment district funds. III. Reasons for Recommendations and Background: On August 6, 1991, the Board of Supervisors adopted Resolution Number 91/503 authorizing public improvements in the Kensington Road Improvements Assessment District AD 1991-1. The ordinance creating the district provided for a return of surplus monies to the Kensington parcel owners. This Board action and resolution will direct the refunds to be made according to State code. IV. Consequences of Negative Action: No refunds will be made to eligible parcel owners. Continued on Attachment: SIGNATURE: _RECOMMENDATION OF COUNTY ADMINISTRATOR _RECOMMENDATION OF BOARD COMMITTEE APPROVE OTHER SIGNATURE(S)n ACTION OF BOARD ON 9-9-l 99 7 APPROVED AS RECOMMENDED_OTHER VOyE OF SUPERVISORS UNANIMOUS (ABSENT ) AYES: NOES: ABSENT: ABSTAIN: SE:cs g:\engsvc\spdist\BO\Hugust\knsngt 9.t9 Orig.Div: Public Works(Special Districts) Contact: Skip Epperly(313-2253) - cc: Auditor-Controller County Administrator 48"eeRiN that this is a true and correct CopOf County Counsel Waction tek_n and entered on the minutes of-ft P.W.Accounting Board of Supers.-nm.gin tt;o tri .hnwn. R. O Box 8808, ATTESTED:.4� k L' ..�`�_}_X q5? PO Box 8808,Eneryville,CA 94662 PHIL�.��" HEI. . ,C!^rk-Q ;,pard Of Supervisors X1 _'ounCj A;;minlstrator THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Resolution on September 9, 1997, by the following vote: AYES: Supervisors Rogers, Uilkema, Gerber, Canciamilla, DeSaulnier NOES: None ABSENT: None ABSTAIN: None RESOLUTION NO. 97/.474 SUBJECT: Resolution Declaring Surplus in Improvement Fund Kensington Roads Improvement Assessment District AD 1991-1 The Board of Supervisors of Contra Costa County RESOLVES THAT: On August 6, 1991, the Board of Supervisors adopted its Resolution of Intention No. 91/503, for public improvements in Kensington Roads Improvement Assessment District AD 1991-1, Contra Costa County, California. Said Resolution of Intention provided that any surplus in the improvement fund for said assessment, after completion of the improvements and payment of all claims from the improvement fund, would be applied in accordance with section 10427.1 of the Streets and Highways Code of the State of California. Said improvements have been completed and Notices of Completion were recorded in the office of the Contra Costa County Record on October 23, 1995. Al claims upon the improvement fund have been paid. 1. A balance of $487,139 remains in the improvement fund for Kensington Roads Improvement Assessment District AD 1991-1, and said amount is surplus. 2. The amount of $487,139 shall be applied as a credit upon the assessments levied in Kensington Roads Improvement Assessment District AD 1991-1, in the manner provided in Section 10427.1 of the Streets and Highways Code, in accordance with Exhibit A attached hereto and made a part hereof. 3. The Clerk is directed to provide a certified copy of this resolution to the Auditor-Controller's office for their use in making the credit to each assessment. SE:cs g:\EngSvc\SpDist\August\Kensngtn.Res thereby certtty that this Is a true and correct Copy of an action talcan end entered on the minutes of the Orig.Dept.: Public Works Department(Special Districts) Board of Supervisors on the dnO shown. Contact: Skip Epperly,313-2253 ATTESTED: z �,`97 cc: County Administrator of Supervvisorrs and County Admin strata Auditor-Controller Accounting )Deputy Exhibit"A" Calculation of credits upon the assessment levied in Kensington Road Improvement Assessment District AD 1991-1. Total Road Construction Fund Surplus $ 357,951 Total Sewer Construction Fund Surplus 129,188 Total Construction Surplus $ 487,139 Credit per parcel for Road $ 159.16 Credit per parcel for Sewer $ 57.44 Total credit per parcel. $ 216.60 Calculation of credits to property owners and to the County: For pre-paid parcels(per Ordinance 92-46): Credits to: Property Owner County Road 45%= $ 71.62 55%_ $ 87.54 Sewer 96%= $ 55.14 4%_ $ 2.30 For parcels that elected to pay by installment(based on present worth of contribution): Credits to: Property Owner County Road and Sewer 42.96% $ 93.05 57.04%_ $ 123.55 Estimated property owners' share of credit= $ 229,570 Estimated County's share of credit= 257 569 Total= $487,139 All credits will be in the form of a credit on the 1997/98 fiscal year property tax bill with the exception of those who pre-paid their assessments. The pre-paid property owners were given the choice between receiving the credit on the'tax bill or receiving the credit in cash.For those who chose to be paid by cash, the Auditor'is allowed to deduct a$6.00 processing fee.