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HomeMy WebLinkAboutRESOLUTIONS - 01011968 - 1968-338 RESOLUTION NO. 68 338 RESOLUTION FINDING AND DETERMINING THAT THERE IS A SURPLUS IN THE FUND .PROVIDED FOR THE IMPROVEMENTS MADE IN ASSESSMENT DISTRICT NO. 1966-4, COUNTY OF CONTRA COSTA, STATE OF CALIFORNIA. WHEREAS , it was provided in the proceedings for the creation and consummation of Assessment District No . 1966-4, County of Contra Costa, State of California, that any surplus remaining in the improvement fund after the improvements were completed was to be credited pro rata to each assessment levied, in accordance with the provisions of the Municipal Improvement Act of 1913 and the Streets and Highways Code of the State of - California; and WHEREAS , Section 10427. 1 of the Streets and Highways Code of the State of California (being a portion of the Muni- cipal Improvement Act of 1913) , under which said proceedings were taken, provides that the surplus shall be refunded or credited pro rata to the parties assessed as follows . (a) Where an individual assessment, or any install.- mens of the principal thereof, has been paid in cash, the credit shall be returned in cash to the person or persons paying the same upon their furnishing satisfactory evidence of payment ; (b) Where all or any part of an individual assess- ment remains unpaid, if said individual assessment is not pay- able in installments , the credit shall be applied in its entirety upon such individual assessment; -l_ 68 /338 (c) Where all or any part of an individual assess-, ment remains unpaid and is payable in installments , the credit shall be pro rated by dividing said credit by the number of principal installments remaining unpaid upon said individual assessment and a portion of such credit so pro rated shall be applied against any principal and interest installments there- after due in the year such credit is ordered and in each year thereafter; and WHEREAS, the improvements have been completed and the Engineer of Worm has filed a Final Engineer' s Cost Schedule for said Assessment District No. 1966-4 , County of Contra Costa, State of California; and WHEREAS, there is a surplus in said fund for the im- provements ; NOW, THEREFORE, BE IT RESOLVED by the Board of Super- visors of the County of Contra Costa, State of California, as follows : 1 . The Final Engineer's Cost Schedule is hereby approved and adopted as the final recapitulation of Costs for said Assessment District No . 1966-4 , County of Contra Costa, State of California, and all payments yet to be made shall be made in accordance therewith; 2. There is hereby found to be a surplus in said improvement fund in the amount of $19 , 157. 82 , which said surplus is found by reference to the costs provided in the estimate and amounts expended to date , as shown on the Final Engineer' s Cost Schedule attached hereto as Exhibit A, which said Exhibit -2- 68 338 A is , by this reference , incorporated herein and made a part hereof; 3. The fund hereby declared to be surplus shall be transferred to the Bond Redemption Fund of said assessment dis- trict for the purpose of crediting the assessments or making the refunds as hereinabove outlined; and 4 . The County Treasurer of the County of Contra Costa is hereby directed to distribute the surplus from the bond redemption fund of said assessment district to the extent only of assessments or installments thereof heretofore paid in cash, and to retain in the bond redemption fund the remainder of said surplus against installments to become due in the fiscal year 1968-1969 . I HEREBY CERTIFY that the foregoing resolution was duly and regularly adopted by the Board of Supervisors of the County of Contra Costa, State of California, on the 21st day of May, 1968 , by the following vote , to wit : AYES . Supervisors -. J. P. Kenny, T. J. Coll, E. A. Linscheid, K. : Dias . NOES : Supervisors-- None. ABSENT: Supervisors - J. E. Moriarty. W. T. PAASCH, County Clerk, County of Contra Costa, State of California By Lourette M. Bonner -- Deputy Clerk -3- .681338 FINAL ENGINEER' S COST SCHEDULE ASSESSMENT DISIRICT NO. 1966-4 , COUNTY OF CONTRA COSTA. CALIFORNIA. I . Construction Casts $99,268 . 70 _ _____ cxgro r Uifferencial and t�.n_cl round Powe -- Street Lights - - - --9-;'2 6 47. 0 0 Total Construction Casts 108,532 . 70 11 . Acquisition Costs A. Acquisition of Capacity Sanitary Sewer $1 ,939 .30 - B. Acquisition of curbs and gutters along Concord Avenue 4,436 .77 +5,376.07 Total Construction and Acquisition Costs $114 ,908 . 77 III . Incidental. Expenses A. Engineering fees $8,700. 00 B. Soils Engineer 290 .65 C. Contra. Costa County Fees Plan checking & Permit fee 182 . 50 Inspection 1 ,740. 00 Public Works Fee 608 . 36 D. City of Concord Sanitary Sewer Inspection Fee . 495 .00 E. Subdivision Bond 870.00 F. Legal Fees 31934. 46 G. Bond Service Charge 580 .00 H. Cast of publications , notices bond printing, efc. 650 . 63 182051 . 60 Total. Construction Costs , Acquisition Costs and Incidental Expenses $1321*960 .37 Total Amount Received From Sale of Bands $1.522118 . 19 Total Surplus $ x.9,157 . 82 Dated: May 21 , 1968 BRYAN &—MURP BY 681338.