HomeMy WebLinkAbout064-91~" RESOLUTION NO. 64-91 ~'~
APPROVING THE TASSAJARA RANCH ASSESSMENT DISTRICT
PARK REIMBURSEMENT DISBURSEMENT AND CLOSURE OF
REIMBURSEMENT DISTRICT
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, the disbursements authorized hereby will completely pay all participants in full;
and
WHEREAS, the Benefit District will no longer be necessary because all provisions of the
Agreement will have been complied with; now, therefore, be it
RESOLVED, by the Town Council of the Town of Danville that the Town staff is hereby
authorized and directed to disburse, $523,254 in April 1991, and $32,270 in October 1991,
to the participants of the Tassajara Ranch Benefit District; and be it
FURTHER RESOLVED, that this disbursement is payment in full for all provisions of the
Reimbursement Agreement; and be it
FURTHER RESOLVED, that the Tassajara Ranch Park Benefit District will, on
October 1, 1991 cease to exist; and be it
FURTHER RESOLVED, staff is hereby directed to appropriate $523,254 for the April 1991,
payment and $32,270 for the October 1991, payment from the ~IILAD Park Land
Reimbursement Account; and be it
FURTHER RESOLVED, that Town staff shall record this resolution with the County Recorder
as notice of the cessation of the Benefit District.
APPROVED by the Danville Town Council at a Regular Meeting on April 16, 1991, by the
following vote:
AYES: Greenberg,
NOES: None
ABSTAINED: None
ABSENT: None
Lane, Ritchey,
Schlendorf, Shimansky
MAYOR
ATTEST:
APPROVED AS TO FORM:
~C'ITY ATTORNEY