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HomeMy WebLinkAbout58-084RESOLUTION NO. ~8-84 0F THE CITY 0F SANCTA A..EA, CALII~OPJ~IA zfETEP~INING TH,ET THE EXPENDITURE OF ~IONEY RAISED BY ~E SA~ OF BOP~DS APPROVED BY T~ ELECTORS OF SAID CI~ AS "BOarD PROPOSITIOi{~ NO. ~" AT ~{E SPECi.~ BOND E~CTION APRIL 9, 1946, FOR '~{E II~[PROVEi,iE[T OF SANTIAGO HELD CREEK, IS I!~,~PRACTIC~ ~D L~¥ISE AHD T~AT S.~D F, iONEY SHOU~ NOT B~ S0 EXPENDED BUT SHOULD 3~ USED FOR ~ ~J~ OT'IER USE~JL ],,iUNICIPAL PU~0SE %~ttEREAS, the voters of the City of Sa~ ta ~%na at a special m~a~icipal election held April ?, 1946, called for the purpose of submittinA to said voters certai~ propos itions to incur bonded in- debtedness, voted in favor of incurring such indebtedness in that more than tvx)-thirds of all voters voti~ng at said electio~n voted in favor of fi~e adoption of each of the bond propositions submitted to them, and ~f~EREAS, i~ond P~ position i~o. 4, s~ submitted, was in words and figures as follows: "BOND P~OPOSiTION ~'i'O. 4: Shall the City of Santa Ana incur a bonded indebtedness in the principal su~ of ',~'~12~,000.00 for the purpose of k~e acquisition ar~ construction by said City of a certain municipal im~orovement, to-wit: ~¥orks ~nd structures for the control of storm and flood waters of Santiago Creek in the City of Saa ta Aha, said works and structures to consist of retaini~ walls and the paving of the channel of a portion of said creek?", and as a res~lt of said vote on said proposition the bonds autaorized by said Bond Proposition No. 4 were duly issued and sold, and the City now holds the proceeds resulting there~i'rom, and no part of said !?125,000.00 has been expended for the purposes set forth in said proposition, an d %:~HEREAS, ce~:tain structures and works have so controlled the storm and flood waters entering Santiago Creek that danger from flood- ing or creek overflow has ceased to exist, and '~{E?d~AS, the work authorized by ssi d Bond Proposition i~'o. 4 could now onl.5~ serve to beautify and improve said creek channel within the City and could and would be of little benefit in retaining flood waters if circumstances produced 'tho same, snd such beautification and inprover~ent of said Santia ~o Creek could and would benefit only those few properties fronting on or adjacent to said Creek; N0~V, THEREFORE, BE IT RESOLVED, DETEP2~[INED, AND ORDERED: Section 1. That rue expenditure of the money raised by the sale of bonds authorized by the voters of the Gity of Santa ~baa at the special bond election held April 9, 1946, under said "BOND PROPOSITIO~I l,[0. 4" for the purpose of the acquisition and eonstr~.¢- tion of wo~s and str~ctures for the control of storm and flood waters of Santiago greek in the i~it? of S~ta Aha, said works and str~etures consisting of retaining walls and t~e paving of the channel of a portion of said Creek, the purpose for which said bonds were voted, is now impractical and unwise, and said funds should not be expended for said proposal. Section 2. 1~nat said funds being the proceeds from the sale of bonds voted and approved as aforesaid, may not be used for any beneficial purpose, or for any other purpose than that set forth in said bond proposition, unless and until the same has been submitted to and approved by the voters of said City~ to so obtain the consent of the electors to ti~e use of said money for a necessary municipal purpose tha[~ will benefit all of the people of said City. PASSED A3[D ADOPTED by the City Council of the City of Santa Ann at a special meeting held on the 28th day of ~.~arch , 19~8. ATTEST: CLE?~ 0F THE COUZ£CIL STATE OF CALI~'0RNIA) COUNTY 0F ORANGE ) CITY OF SAi{TA .~'A ) I, ER~ HUNTER, SS do hereby certify that I am the Clerk of the Council of the City of Santa Ana; that the foregoing Resolution was regularly introduced to said Council at its special meeting held on the 28th d~. of ]~rch , 19~8, and was at said meeting regu- larly passed ~nd adopted 'by the following vote, to-wit: A~ES, COUNCIL~¥E~,~: Royal E. Hubbard~ Stanley C. Gould, Jr.~ A. A. [~all~ J. Ogden l~[arkel NOE!~, COUi~C IL~[Ei~: None ABSENT, COUNCIL~,IEN: Dale H. Heinly CLEPd~ OF THE COUNCIL