HomeMy WebLinkAboutRES NO 24-65 WHEP~AS~ Resolution Noo 75~55 authorizing the i~su~nce
of City of Bakers field Off~Street Parking Revenue Bonds provides
in Section 5°08 ~'.o o the Fiscal Agent shall set aside~ or pay over
to the Treasurer of ~he City~ as directed by a resolution of
Councilo ~ny or all ~neys in the Su~lus Revenue F~d~ ~ co only
for any one or more of the following pu~oses: ~.~ (e} To be
transferred to the General Fund of the City ~o be used for
u~ and
lawful pu~ose~ ~,
W~$~ Section 5~08 provides tha~ the a~ so
fe~ed fr~ money deposited in the Su~lus ~evenue ~nd in any one
fiscal year shall no~ exceed ~he aggregate of ~he Pledged Net
P~rkinE ~ter ~evenues deposited in the ~venue Fund durinE such
fiscal y~r~ and
~~S~ the aggregate of the Pledged Net Parking
~enues deposited in the Revenue F~d during ~he fiscal year up
to and includins the 30th day of April~ 19~5 was $120~268~3~.
NOW~ ~EEFO~ BE IT ~SOLVED by the Council of the
City of ~ker~fie~d that the Fiscal Agen~ CrockeroCi~izens
Bank~ No~ 1 Montgome~ Street~ San Francisco 20~ Califo~ia, be and
is hereby authorized and directed to transfer $25~000~00 f~om the
Su~lu~ Revenue F~d ~o the Treasure~ of the City of Bakersfield
and the T~eaeure~ is hereby directed to pla~e said amount in the
~neral Fund of the City of Bakersfieid~
regular meeting thereof held on the 1st day of June, 1965~ by the
following vote
AYES: CbU~ .L.'/' ! B/,L,%",.'CZ, D
NOES: COU;,~CILA\EN:
ABSENT COUNCILMEN:
ABSIAINING COUNCILMEN:
APP~OVED~