1977 RES NO. 3661 - Laserfiche WebLink

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SECTION 6. If any excess shall be realized from the assessment, it shall be used, in such amounts as -the City Council may determine, in accordance with the provisions of law for one or more of the following purposes: A. Transfer to the general fund of the City provided that the amount of any such transfer.shall not -exceed the lesser -of One Thousand Dollars _($1,000) or five percent (5%) of the total amount expended from the improvement fund; B. As a credit upon the assessment and any sup- plemental assessment; or C. For the maintenance of the improvement. SPECIAL FUND SECTION 7. The legislative body hereby establishes a special fund designated ASSESSMENT DISTRICT NO. 1976-1 (COOLEY DRIVE) into which funds may be transferred at. any time to expedite the. making of the improvement herein authorized and said funds are a loan and shall be repaid out of the proceedings of the sale of assessments as authorized by law. PRIVATE CONTRACT SECTION 8. Notice is hereby given that, in the opinion of the City Council, the public interest will not be served by allowing the property owners to -take the contract for the construc- tion of the improvements and that, pursuant to Section 10502.4 of the Streets and. Highways -Code, no notice of award of contract shall be 'published. W -7-1 F SECTION 9. Notice is hereby given that the grade to which the work shall be done is to be shown on the plans and profiles therefor, which grades may vary from the existing grades. The work herein contemplated shall be done to the grades as indicated on the plans and specifications for a description of the grade at which the work is to be done. Any objections or protests to the proposed grade shall be made at the public hearing to be conducted under these proceedings. DAMAGES FOR DELAY SECTION 10. In the event the work is not completed with- in the time limit specified in the contract or within such further time as may be extended, the City shall charge the contractor liquidated damages in the net amount of One Hundred Dollars ($100) for each day of delay until the work is completed. PROCEEDINGS INQUIRIES SECTION 11. For any and all information relating to these proceedings, including information relating to protest Procedure, all notices, resolutions, affidavits and/or certificates 4.