Loading...
Ord 2015 - Dissolving Town of Los Gatos Open Space Maintenance District #2 on condition that a Landscaping & Lighting District Benefit Zone be established and that certain uses be made with the funds remaining in the Open Space Maintenance District #2ORDINANCE 2015 ORDINANCE OF THE TOWN OF LOS GATOS DISSOLVING TOWN OF LOS GATOS OPEN SPACE MAINTENANCE DISTRICT #2 ON CONDITION THAT A LANDSCAPING & LIGHTING DISTRICT BENEFIT ZONE BE ESTABLISHED AND THAT CERTAIN USES BE MADE WITH THE FUNDS REMAINING IN THE OPEN SPACE MAINTENANCE DISTRICT #2 ACCOUNT THE TOWN COUNCIL OF THE TOWN OF LOS GATOS DOES ORDAIN AS FOLLOWS: SECTION I The Council finds and determines that the property owners within Town of Los Gatos Open Space Maintenance District #2 as shown on Exhibit A hereto wish to convert the District into a Landscaping & Lighting District Benefit Zone in order to ensure that the open space, as shown on Exhibit B hereto and for which Open Space Maintenance District #2 was formed, is maintained and the costs of the maintenance equitably apportioned among the property owners. In addition, the property owners wish to ensure that the funds that were raised by Open Space Maintenance District #2 are set aside to establish a reserve for replacement and restoration of the capital improvements and landscaping in the open space and to return excess funds to the property owners. SECTION II Open Space Maintenance District No. #2 is dissolved. SECTION III The unappropriated balance of funds remaining in the account of Open Space Maintenance District #2 are hereby set aside as follows: A. $12,000 of the balance shall be a capital reserve for use in the replacement and restoration of the capital improvements and landscaping in the open space shown on Exhibit B hereto. B. The rest of the balance shall be returned to the property owners. None of the balance shall be used or transferred for any other purpose. The funds in the account shall accrue interest as other Town accounts, and this interest shall be credited to the account. SECTION IV This ordinance shall become effective only upon the effective date of establishment of the benefit zone of the Landscaping & Lighting District #1 as shown on Exhibit C to this ordinance. Upon this ordinance becoming effective, the Town Clerk shall file a certified copy of this ordinance to the County Recorder and the County Tax Assessor. SECTION V This ordinance was introduced at a regular meeting of the Town Council of the Town of Los Gatos on February 20, 1996 and adopted by the following vote as an ordinance of the Town of Los Gatos at a regular meeting of the Town Council of the Town of Los Gatos on April 15, 1996. Ordinance shall be effective as stated in Section IV above, but not earlier than 30 days after adoption of this ordinance. COUNCIL MEMBERS: AYES: Steven Blanton, Linda Lubeck, Patrick O'Laughlin, Mayor Randy Attaway. NAYS: None ABSENT: Joanne Benjamin ABSTAIN: None SIGNED: MAYOR HE TOW F LOS GATOS LOS GATOS, CALIFO IA ATTEST: CLERK OF THE TOWN OF L GATO LOS GATOS, CALIFORNIA 2 Exhibit A Assessment Diagram Town Limits Assessment N NoE to Sed. LANDSCAPING AND LIGHTING ASSESSMENT DISTRICT N0. I Santa Rosa Hei Benefit Zone SYS67: \O1 —TRISH \DWG \SRHBZ —A.DW0 Rev.: 11/28/95 by T.D. Exhibit B Open Space Ares To Be Maintained Town Assessment Areas Maintained by Santa Rosa Heights Benefit Zone N Not to 5cdl LANDSCAPING AND LIGHTING ASSESSMENT DISTRICT No. 1 Santa Rosa Hei ghts Benefit Zone SYS07: \01 —TRISH \DWG \SRH0Z -8.DWG R., 11/20/95 by f.D.