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HomeMy WebLinkAbout050-88 RESOLUTION NO. 50-88 A RESOLUTION ORDERING MODIFICATIONS TO ENGINEER'S REPORT, INCLUDING REDUCTIONOF ASSESSMENT~ ASSESSMENT DISTRICT NO. 88-1 RESOLVED, by the Town Council of the Town of Danville, California, that: WHEREAS, the Engineer of Work has advised that the estimate of costs, pre!iminarily approved by this Council by its Resolution No. 32-88, adopted on March 31, 1988, for this assessment district can be reduced and, as a result thereof, the assessments can be reduced; and WHEREAS, the Engineer of Work has described such reductions to this Council which has duly considered same. NOW, THEREFORE, it is hereby FOUND, DETEP~INED AND ORDERED, as follows: 1. The estimated project costs should be, and they are hereby, ordered modified as follows: As Preliminarily As Approved Modified Cost of Construction $10,603,527 $10,503,527 Cost of Acquisitions 1,000 500 Contingencies 1,285,404 1,285,404 Incidental Expenses 4,635,069 4,380,569 TOTAL COST $16,525,000 $16,170,000 Estimated Contributions $ 0 $ 0 Estimated Earnings on Improvement Fund (45,000) (45,000) BALANCE TO ASSESSMENT $16,480,000 $16,125,000 2. As a result of the reduction in the estimated project costs, the assessments should be, and they are hereby, ordered reduced pro rata, as follows: Diagram & Assessment Numbers From To 1 $ 1,251,273 $ 1,170,488 2 2,698,325 2,685,823 3 803,127 800,554 4 1,628,469 1,582,083 5 2,281,417 2,231,123 6 1,582,472 1,560,354 7 0 0 8 3,602,008 3,551,664 9 1,044,934 1,030,329 10 1,587,975 1,512,582 11 0 0 12 0 0 13 0 0 TOTALS $16,480,000 $16,125,000 ! 3, The Engineer is hereby directed to make these changes and modifications either on the face of the Engineer's Report or by filing an amendment thereto. 3 ~t I hereby certify that the foregoing is a full, true and correct copy of a resolution duly passed and adopted by the Town Council of the Town of Danville, California at a meeting thereof held on the 2nd day of May , 1988 by the following vote: AYES, and in favor thereof, Councilmembers: Greenberg, Jagger, Lane, Ritchey, Schlendorf NOES, Councilmembers: None ABSENT, Councilmembers: None ATTEST: ~C it~~yle r~j 4