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HomeMy WebLinkAbout0943 RESOLUTION NO. 94~ A RESOLUTION OF THE CITY OOUNOIL OF THE OITY OF AROADIA DETERMINING THAT IT HAS AVAILA.BLE A OERTAIN AMOlJNT OF MONEY FOR USE TOGETHER WITH AN AMOUNT OF MONEY PROPOSED TO BE PROOURED FROM PUBLIC WORKS ADMINISTRATION IN REPLAOEMENTS AND EXTENSION OF THE WATER DISTRIBUTION SYSTEM OF THE CITY OF ARCADIA. THE CI'r:{ OOUNCIL OF THE CITY OF AROADIA DOES RESOLVE AS FOLLOWS: SECTION 1. WHEREAS, it is hereby determined that in order ror the water department of the City or Arcadia to supply an adequate amowlt of water in an effioient manner to the users within this cHy, and WHEREAS" it is proposed that an application be made to the Public Works Adm1nistration for a grant of forty-rive (45%) peroent of the oost of said improvements, and WHEREAS" it is estimated that the total cost of the improvement wHl be $144,9'71.43, NOW THEREFORE, IT IS HEREBY RESOLVED and determined that the City of Aroadia has on depo$it in thEI Bank of America National Trust and Savings Association, f~t its Arcadia Branch, available and set aside for the purpose of making the improvement mentioned herein, the sum of $80,000.00, being an amount in excess of 55% of the total cos1; of said improvement. SECTION 2. The Oity Clerk shall oertify to the adoption of this resoultion. I hereby certify that the foregoing resoultion was adopted at an adjourned regular meeting of the City Council of the Oity of ArcaM.a, held on the 23rd day of September, 1938, by the affirmative vot:e of at least three councilmen, to-wit: AYES: C01.1ncilmen Bolz, Grlffitto, r:'al1n, 1:urphy &: 111day Noes: Hono ABSENT: None and signed and approved this ~ day of September, 1938. ~/n~ Mayor ATTEST: j~ -~k" .'