HomeMy WebLinkAbout196-90RESOLUTION NO. 196-90
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF DANVILLE
APPROVING THE TASSAJARA RANCH ASSESSMENT DISTRICT
PARK REIMBURSEMENT RECIPIENTS AND PROPORTIONS OF FUNDS
TO BE RECEIVED BY EACH PARTY
WHEREAS, the Town and the Tassajara Ranch Developers entered into that Reimbursement
Agreement creating a Benefit District, recorded September 30, 1988 as instrument number 88-180502;
and
WHEREAS, the Town has complied with all provisions of the Reimbursement Agreement and has
collected funds to be disbursed to the Developers; and
WHEREAS, many of the original Tassajara Ranch Developers have passed their interests in the
reimbursement along to other developers and buyers; and
WHEREAS, it is in the interests of the Town and the Developers to identify who and how much each
party is to receive from the Benefit District; now, therefore,
BE IT RESOLVED, by the Town Council of the Town of Danville that the attached "TRAD PARK
REIMBURSEMENT ASSIGNMENT - HISTORICAL DATA" and "TRAD PARK REIMBURSEMENT
RECIPIENTS" represent the current correct recipients and percentages of funds to be disbursed; and
be it
FURTHER RESOLVED, that the Town staff is hereby authorized and directed to comply with the
Reimbursement Agreement in accordance with the attached staff report; and be it
FURTHER RESOLVED, that the Town Council hereby apppropriate $1,050,000.00 for the TRAD Park
Reimbursement from fund 040-000.000-216.000.
APPROVED by the Danville Town Council at a Regular Meeting on September 18, 1990, by the
following vote:
AYES: GREENBERG, LANE,
NOES: NONE
ABSTAINED: NONE
ABSENT: NONE
RITCHEY, SCHLENDORF, SHIMANSKY
ATTEST:
APPROVED AS TO FORM:
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