Ord 1978 - Dissolving Town of Los Gatos Open Space Maintenance District #1 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 #1 accORDINANCE 1978
ORDINANCE OF THE TOWN OF LOS GATOS DISSOLVING TOWN OF
LOS GATOS OPEN SPACE MAINTENANCE DISTRICT #1 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 #1 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 #1 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 District #1 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 #1 are set aside for use in paying for a portion
of the costs of maintaining and caring for the open space area until the funds are exhausted.
SECTION II
Open Space Maintenance District No. #1 is dissolved.
SECTION III
The unappropriated balance of funds remaining in the account of Open Space
Maintenance District # 1 are hereby set aside for use in the maintenance and upkeep of the
open space as shown on Exhibit B hereto. These funds shall be paid out for such
maintenance as a credit against any assessments levied against the property owners of the
successor Benefit Zone of Landscaping & Lighting District #1 at a rate per fiscal year
so that the assessments against individual property owners is $50 per year until the balance
is expended. None of these funds 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 22, 1994 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 May 5, 1994. Ordinance shall be effective as stated in Section IV
above, but not earlier than 30 days after adoption of this ordinance.
COUNCIL MEMBERS:
AYES: Joanne Benjamin, Steven Blanton, Linda Lubeck, Patrick O'Laughlin
Mayor Randy Attaway
NAYS: None
ABSENT: None
ABSTAIN: None
SIGNED:
MAYOR O THE TOWN O LOS GATOS
LOS G � OS, CALIFOR
ATTEST:
CLERK OF THE TOWN OF S GATOS
LOS GATOS, CALIFORNIA
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