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HomeMy WebLinkAboutRESO 6919.:• ~ -.-·' r .. ·- r,.----· i·: J·· f: I • lUJSOWTlgff_ NO. 69.19 RBBOtmIO!f OP ftJt ~CXL-· ~p '!BE t":l'l''t OF Po.ALO ~l..'r-0 UnA?JlN RKSOUrnOB_ no. 68..3~--·u:J &fl'AISL!S~G PDUvJC'XAL ll.sBUR.U7CZ 10R -~""lm W i'OST-CLOSWU: MA.~ cosTs. OP 'IBZ ~ ~.L"r-0 REPC'Sl:ii DU~ .. AlmA P\Tb1mJft TO HlO'IXSZQltS OF TdE r"~a GOVE.RM:D.ft CODS UD-RBGUIAi:!OJfS OP Trl'LB 14 OF '1'M!: CA.LX~ CODE Oi1'· ~OD ~&..~, Calltori»..ia ~e~ ~ S~ctto~ 66796.22 ~net· ~i§t!J'~ at Titl• 14 ~I! th• ~UM-ni-a_ OX!a -of ~itgU.l.ati~-~· C'ooptiax: ~, Ar'~iale :t .. ' (b•:nin-at't-~~ ~•t.io~ •) , riaquS}. ~~·~:t~~ ~?. ..o.tid -'{a1'te .tam.tills ~o 4'wlonof:n.~ i',.hB eva!labil!ty · <.!f. ;~~\~ial ~ to ~a~ ol~9 ."Aild post-cl~t-e · ~~lrr};.~ &ctivi.tlur &M ·: 'fiHtt~, s..ct.i.ol\!J l~~S3 ~.nd l~~S~ ~f tf1.e R~W.~ti~ --~~i:.t,ty ~ ~~:t.~"'?i:!~ 1'""::1M ~J;t.il ~-· · raia~3: z~~~iAl amcu~. . ·.Yit.~lfti .. ~.· <tr.;. :.,-.~~;a.b!..® ~iml&i::.· t.~. ~:;..~1.'"S'te ti.nal"!cial · ":;:-.ag~~~~J~a.li7 -l:iiJ; .. gJ.~nc!.i'UJ i::'!:i~~..u:-~ ~il~ -~"l:.~clos\!ft ui~ta<~ ~'it'")_.~ ~f .a~ 14;-.,11~~ ~1est~ l.:.:i.nd.till.. t a:uri. ~" .tltl)I ,;__:.t_t;r· ~:-f ~l~ ~1~~()~ ~ ~~ C~!lt~ th~ Pi!f2d li );t,J l't.a~,--~trl~,.~l;~IM ~ . . . ~)if~--~-!\.~,. be ~t ~~11!Jf.fby ~~~~~il ~;,f the ~-~;y ~}; P?il.i.O U-to aa foll.OtUH --~~-· " . . ~··. ~.,l.. ~~ :lir*':t~ ot Firi~ cf th<i!-C.lt:Y of Pala:) A.l 1Ai . a MrMy . au+.AQri~ Ar.4 ~.ir~c~ to 4t~li:m~ ~-nt".;:.i~ ~ ~'~..1ne·_.·.,~~· ~ it!.ari;~Ul .. Cl.l1Sil!:~., v.~ ~t-,.ClQ&'f4~ Ma~~i:-t ._ ~~&lit ·wit:h.i~ t.M .. ~!~'!Q;.l~f{~.ir:~ ltn~~~:i~~ ~oi.t.~ ilf ~ e~~Y -~ "· ····1 . ~' .. --,..,.-_ ' ':.._ ~ -.-~ :--_· .. ·' ~ . . .. -' _;, .-..: ~ --.... ;p-·,' -~= •.. ....... -~ --:11r,_ ,..._, •. ~ .!' • - P~l~ ·.uto f¢~ ~ ~'-~~ -~~~ Di~~a.l ~~az. 't~CJ.~./~: ·· ClC;."S\irA ~&~z-v~i':; ~~tt-iei 2pcifl't }:n_·t-t1r~.-~1t.·~ttic.i~1t: f\;radis .. . .;~-1~_: t:o ~t ti~ ~qui~~ of. s~ ~.*529:=·~. l:eltz e£ ~ Requla... ·'-s::: · tions ~ _. ,. · ,· · ·. -· · :;~;t.,_. ':~ . .. .. : ..... : ....... •\.: -_j" i•t e to a truat .fund in. enis:uriDCJ ti:aat. ~ ~iIDJ:'~ Al"JQur.tai oi fUl"taa will ?>41 :r.vaila!:>la on a ti-ly ba•1• f~.f' ~l~)Jr._ 6-r~~/6r. ~\;-t.?lOilS'l.!r~ aaint~nance co~t• cf tb8 Palo Al.to Refli~ Dlapc;-s&l· Ar6A. ~ImLi· Th~ C:loau.T.ar/FQG.t-Clo.-ura Reaerv• shall bQ invested hy the Treaau.rer in tba 9arul<AJ: vI'C"l7idlld by lav &nd t~ investment policy of th.ra City of Pe.lo Alto. . QC'l'ION .. 2.· D~t ot funcla for cloaur• and/or poat.closur~ ~tinteMnct aht.11 tie ir.. acc:ordanc• with Sect:iona 18262.1 c..,O !B26~ .. 3 ot tl.i.6 ~~t··~ii:'#W .. ll~· In W• ~t .th& C'.al!fornia Int3911"'•~ filliti~il 'M&nl!..~ez•n·:. soar~ ~-tilo 111 ltc~'"'ds! chst.9'::~:;in~ tht thia C:!ty b4S fail~~­ tc ii'QJ."f't>:tts c.l~~:t:• ~/-or ~t-;s:i~l' ~hi.tW'!'anc:& aa :r:-o~.1%'811 by law, ~~ ~;:,a:n~ &ay ~i.t"{;j~t. th!!! 1'i:rer.t<,g of "Fii~~nca tt; ~ay t{;I th.a Cit)' 12ru-,.;&q~:-::~~ t.h<e Clor....;re~li-,JSt-:;1~w?:e F.esen"3 i»ucb &t:O\lhta a.e are ~~ ti;» ~ s~fi~i~ clc3&~ an·:l/Qt" ~i:-~lQ~u:t• -.intc~-~~. !f'.b.~ city ~a.gilr. ~•ll t.b~n t~ ~D:tigat.;,.;,..j_ t:·-:: Q$l. liU-:'.h :tund5 tor. t:::loaure or poot·· olr.tiiti~-..,_ircl:er.A.~ OGir.t~ .i:n ai~·"'.)rdanc~ -.Jith t.h4 di:c~·.;"tiv~ ot t~w;.. t....~l.'i~. fiY~ocj_. _ 'th~ ~~°t~·~ftNl: i.~ tdlr"~.;:1:~~ t(j pl".t-.dl).C°S ti·~:' -~.ts;~ to~ ~r-°**-t~ a~ si~~J. z~~l~ tc;r ~.a..~1t1i..t·t:t:i.\ t~ 'i'-h1.J ~~r.J, · ~ntainir.t9 "that "iull~i~--.i:ni~~~wk :~:nii1·~ the Y•"io ;u~· n~f•:t.mn: ~io~! ~! :·; . . '···' -,-., .. t.a::} ~~ &!fP"C't:fprfs..c~.~ ~ ~-~'(Uofn\g.ct COiet .Bstl.»ia~~k. pr~~-~~ s~ifi•d ~-:~#£t4-rt.i~:_-t~m ot·t'.~ Requlati~~ . . {b} Aii ~¢rt,;:rin.t1t~:. ~-, ~~~if}$! ~tirt-Clt1~ur• Mti.)~-.. ~r.c~ C~t. ~~t:a;r p~~"~ ~~"~itiad by 2'#Cti{}J"• 1tU:5 _ . ot ~--a~1st.-~.. · {ct'. it~~~·? ~-r~;t~-4\i..~ ~.ent l;ialM~ ot tbs -·!l"d~ 1 .. 1~ l'ig~ ld.~~~ ~ c:t~~/~~t.·,"l,~].~tf ~.i-r1t.sriam.~ ~.ra. -~-.;,~.::.~ . (_d}. ~~;~~~-~ cor·r..t.~~ ~t. ~ t:;,-.~i,t· .. :~f thu City •t .h1o Al~·\!'~ ~~~: -~~;~ti~t _ ·~~ -tiU.~ R~~clu't~ ~~ &~~~ · "1il' l.J1-~t. · -~f°.il;W'.i.~L . · . . · • • -:I ' • •. ,_, • • •" •""" ;''"-"• • • '··. --~; . -~-' . . . ~S\.llut 1(~~0~~ ';U~ i.tdo~t~~f'l.-t, ).~~¢·, ~­.,. · ~ .. "-·,\ . ·1"b~-c"·tmcit: .:~(-inra t::tt:? ci·-~~~~tt.t: i~1~~ ?'fK'.($!8~-:.t~~ ~}.;~~;i.;:11 "Sb.~-~~-ni:m .. ,z.r 9t_-~ •~.-~~~t. ~:-~·~ C~ -Y~Q ·~.~t~,~~t,i\1-SlY-whtt!; ~$S-~~l~~~-.~ · lif:l• ~ ~ :i~~.-;:eat'fi:it""~~ JA.'i:'~ t.bai:'l ~ ·-n'.jcrl"t)' · ~4<-tlt@ :.-~l w~~~-:-; r -:~~:~->~-:~-~2 . . . . .. il'fROOllctO ~ti .P~1 ~~ ~ly ';.J.,f,_'_ ~9'.3:~" . ~~i .... AdS; r\11(tG:r.ttell1/~~·f f'~3~ina, !i$.~~i,;,. ~1? ~ ~ ::.:. .. . .·; ----~. -.;-;'.;.,;..' .. .. -. ' . . --· , NOES: None ABSTBNTIOHS: None '-;' .. l- -. :.,-:··· ,': .· · .. ~ -' ·- -"_:.· _, --:--. ._'. . :·~:~_ .. ,- "\ ", :a~-- .·_--J l