HomeMy WebLinkAboutResolution 106-92 RESOLUTION NO. 106-92
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ATASCADERO
ESTABLISHING AN ASSESSMENT DISTRICT FORMATION
ADMINISTRATIVE FEE
WHEREAS, creation of assessment districts are beneficial to
both the City in general and the affected property owners in
particular; and
WHEREAS, the administrative costs of creating such districts
should not normally be a cost on taxpayers in general;
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF ATASCADERO:
1. That a one-time administrative fee of one percent (1%)
of the bond proceeds of any assessment district shall be charged
to recover the City's costs of forming said district,
2. That the fee will be collected only after the district
is approved and bonds are sold;
3. The Council may waive the fee if, in its sole
discretion, it finds the City's best interests are served.
4. This resolution shall become effective immediately upon
adoption.
On motion by Councilperson Luna, seconded by Councilperson
Kudlac, the foregoing resolution is hereby adopted in its
entirety on the following roll call vote:
AYES: Councilmembers Bewley, Kudlac, Luna and Mayor Nimmo
NOES: None
ABSENT: Councilmember Borgeson
ADOPTED: October 27, 1992
CITY OF ATASCADERO
ATTEST:
By:
ROBERT P. NINNO
p
LEE Pj 0I`V, ftYy Clerk
Resolution No. 106-92
Page 2
APPROVED AS TO FORM:
ARTH R MONTAN N, C'1016y Attorney