HomeMy WebLinkAbout095-92RESOLUTION NO. 95-92
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF DANVILLE
APPROPRIATING FUNDS TO THE DAY CARE CENTER AND ONE HARTZ COURT
PROJECTS AND RENT PAYMENTS FOR THE DAY CARE CENTER LOAN
WHEREAS, On March 20, 1990 the Town Council appropriated $577,000 for the One
Hartz Court project followed on August 6, 1991 with an appropriation of $107,000 for a
total of $684,000; and
WHEREAS, $70,000 was transferred from the One Hartz Court project to the Day Care
Center project for relocation and upon completion of the Day Care Center project, on
January 7, 1992 $27,139 was returned to One Hartz Court; and
WHEREAS, additional information has come to light regarding the Day Care Center
project including $9,875 in revenue, a final, unexpected bill and funds previously
allocated for interest that did not need to be spent resulting in an additional $24,059
available to return to the One Hartz Court project; and
WHEREAS, the Day Care Center tenant pays rent in the amount of $3,500/month which
corresponds to the Town's monthly loan payment to the Bank of San Ramon Valley for
the Day Care Center project; now therefore be it
RESOLVED, that the Town Council of the Town of Danville does hereby appropriate
$9,875 in revenue to the Day Care Center project; authorize transfer of $24,059 from the
Day Care Center project to the One Hartz Court project; appropriate $53,965 from the
Civic Facilities Fund to the One Hartz Court project; and appropriate $14,000 in rent
payments received from the Day Care Center tenant for the purpose of paying the March -
June 1992 loan payments to the Bank of San Ramon Valley.
APPROVED by the Danville Town Council at a regular meeting on June 16, 1992 by the
following vote:
AYES: LANE
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
DOYLE GREENBERG RITCHEY SHIMANSKY
· ! - t
MAYOR v'
APPROVED AS TO FORM:
~ITY ATTORNEY
ATTEST:
CITY CLERK