HomeMy WebLinkAboutORD 3651• ORIGINAL
ORDINANCE NO. . 3651
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR THE FISCAL YEAR 1985-86 TO
INCREASE Ti:iE RESERVE FOR UNDERGROUND SERVIft:
CONNECTIONS IN THE ELECTRIC UTILITY
WliERE~S, pursuant to the provisions of Section 12 of Article I~t
of the Cl1arter 9f the city ·of Palo Ai to, the Counci 1 on June 24, 198~ ~·
did adopt a btidget fot fiscal year 1985-86; and
WHEREAS, the Council established Utility Underqround Asses::.aent
Districts No. 26 on March 11, 1985, No. 27 on May 6, 1985, and No. 28
on May 20, 1985; and
i ·f
. ~ WH~RBA~, the Council desires to finance these Utility Underground ~
Assessment Districts in li~u of issuance of bonds; and
WHEREAS, there are sufficient funds within the Electric Utility's
System Improvement Reserve for financing the underground assessment
loans;
NO~~ THEREFORE, the Council of the City of Palo Alto does ORDAIN
as follows:
SECTION 1. The Reserve for Underground Service connections in the
Electrl.c Utility is increased by Ninety Thousand Fifteen Dollars
($90,015) and the Reserve for System Improvement in the Electric
Utility is correspondingly decreased.
S~CTION 2. Interest earne~ on the cash balance of the Reserve 'for
Underground Service Connections and interest received on the loan$ frata
the Reserve for Underground ~ervice Connection:: will be credited to the
).{eserve tor System Improvement in the Electric Utility.
SECTION 3. The Council f in~s that this. project is categ,orica.lly
exempt for purposes of the California Emrironaent.al Quality Act and,
therefore, no environmental assessment is necessary. ·
SECTION 4 •. This '.Q,rdinance sh.all beco.e
provided . ·1n Section 12 of Article III of
2.04~375 o.f the Palo Alto Municipal Code.
effective imae~fiately as.,
the Charter and · Sect ion . · .
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IN';'RODUCED AND PASSED: November 25'. ~985
AYES: Bechtel, Cobb, Fletcher, Klefn,. Levy, Pi:itit\lcc:I., Renzel, Sutorius, Woolley
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NOES; ·None
ABSTENTIONS: None
Ai:SSENT: None
.....------------------------------
APPROVED AS TO FORM:
&4 "' , d~ Gi&-<
-
A.-c+yy.¢ -<-. -~~ Director of Ut fl 1'Cle5
85/6-09
EXHIBIT "A"
LIST OF UNPAJ.O ASSESSMENTS
CITY OF PALO ALTO
ARASTRAUERO ROAU UNDERGROUND CONVERSION PROJECT
UNDERGROUND UTlllTY DISTRICT NO. 26
OWNER PA~CEL NO. ADURESS
Kobert J. & Rosemary Wyrsch 1:37-26-059 634 Arastradero
Roberta Anderson 137-27-118 654 Arastradero
Nilo Sarmiento & Lydia Gorrez 137-28-017 680 Arastr·aderc
Dean T. Huang 16/-06-013 649 Arastradero
Harry J. & Kazue Storey 167-06-016 633 Arastradero
Sterling E. Blackwell 167-06-017 627 Arastradero
Mark J. Sutherland 167-06-019 615 Arastradero
Eva Hel ler-Krumn 167-06-020 611 Ar as t radero·
Ji rmii e E • & Marta M. Carr 167-06-060 645 Arastradero
l~oland L. & Grace c. Luo 107-07-016 607 Arastradero
* Includes Loan Handling Fee
BS-0#4
ASSESSMENT
PRINCIPAL
$ 2 ,32U .90
~,873.80
1,833 .05
2 ,803 .80
1,880.35
l ,9C3 .40
1 ,858 .40
2 ,uoq .65
2,227.45
2 ,441.l'J
$ 21,157.09*
'11'
OWNE~
Consumers Coop Society of Palo
Alto, Inc.
Consumers Coop Society of Pa 1 o
Alto, Inc.
Hyam & Alice Bolocan
Cambridge Associates 250
Ca1nbri dye Associates 250
Ca~bridye Associates 250
Russ G. & Bernice Y. ~efstad
l 1oyd F .. Sorg ET AL
G. ~. A. Tour1~~;
* Includes Loan Handling Fee
SB-0#4
LIST OF UNPAID ASSESSMENTS
CITY OF PALO ALTO
CAMBRIDGE AVENUE UNUE~G~OUNO CONVE~SION PROJECi
UNUERuROUNU UTILITY UISTRICT NO. 27
PA~CEL NO.
124-28-045
124-28-003
124-28-004
124-28-005
124-28~006
124-28-007
124-28-009
124-28-0lU
124-28-011
AOOKESS _, __
156/1!>8/160/162
164 California
210-230 Cambridge
240 Cambridge
250 Cambridge
260 Cambridge
270 Cambridge
306 Cambridge
318-330 Cambridye
350 Cambridge
2!J'.t
ASSESSMENT
$ 10,761.12
4,9 ltL06
949 .66
1,174.57
1,174.57
1,174.57
1,174.57
1,174.57
2,299.15
$ 24,BU0.84
ESTI MAT EU
PIUNC IPAL
LOANS
3,300.00
3,278.0U
3,U00 .. 00
$9,578.00
EXHIBIT 118•
TOTAL
ASSESSMENT
$10,761.12
4 ,918 .06
4,249 .66
1,174.57
1,174.!;7
1,174 .. 57
4,452.51
4 ,174 .57
2,299.15
$34 ,378'.84*
. ' ' if
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......................... ----------~--....... --------~~~!.~~~
OWNER
Larry Sleizer ET Al
Park Buildiny/Mike Golick
Anthony C. Presutti
l~oyd S. & ~uth H. Sibo ET AL
Joseph A. Lazzaro
Court House Plaza
Court House Plaza
Court House Plaza
Court Kouse Plaza
Pacific Re~d1-Mix lnc.
Page Mill -Park Company
Hewlett Packard Compa11y
Wells G. G<X>denough ET AL
Arco Securities Int.
Les11e w. & Sharon c. Rupp
P.irt City Leasing
Hruce Ce><:kerill ET AL
Pa~ City Leasing
* lncl'udes Loan Handling Fee
88-014
LIST OF UNPAlo ASSESSMENTS
CITY OF PALO ~TO
PARK BOULEVARD UftlERGROUNO COf~VERSION PROJECT
UHUERGROOND UTILITY DIST~lCT N_O. l8
2si
PARCEL NO. AOORESS ASSESSMENT
124-29-012 2501 Park $ 2,1)25.80
124-29-011 2555 Park 3,948.14
124-29-013 123 Sher·man n1.32
124-29-020 150 Grand 3s385.6B
132-31-005 2625 Park 3,464.61
132-31-012 230 Sherman 880.~l
13~-31•011 228 Shermirn 7"!>7.3b
132-31-009 2660 Park 797. 72
132-31-010 204 Sherman 't) t 101 .30
132-31-042 2785 2787 P .;rk. 7,537.22
132-31-073 216 Paye Mi.t l ~,891.39
132-32-047 395 399 Paye Mill 14 '796 .13
132-32-003 155 19~ Paye Mill 6 ,25H .94
132-32-0U4 2825 2865 2891 Park 3,312.07
132-32-005 2901 292ti Park 3,622.46
132-26-071 3101 Pa~k . 6,213.25
132-26-066 3Z41 3257. Park 3,32(,.58
132-26-059 31~7 .. :.3199 Park l,9&4.70
$ 75.031.47
ESHMATEO
P~INC lPAL
LOANS
$
9 ,'122 .oo
2,350.00
4,575~00
3,865.00
5,930 .. 00
11,JZB .OO
15~5~0.;UU
6,26U.OU
.•..
EXHIBIT "C"· . ' .
'',r'
,I,, • ,. '·'Ill '•
TOTAL ·
ASSESSMENT
$ 2 ,525 .8U
13,870.14
3 ,107 .32
3,385.68
8,039.61 ...
. 880.81 -
757 ~35
4,662*72
1 l ,03i ,.30
18r865.22
5,891.Jq
14 '79b .13
6,258.94
18,862.U7
9,882.46
6,il3.25
3,826.58
1,954.70
$59,780.00 $134,811.47* ' i ·, -.·1,:1]. ·•:··
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