HomeMy WebLinkAboutAGENDA REPORT 1985 0715 CC REG ITEM 10C NIOORPARK
ALBERT PRIETO STEVEN KUENY
MayorCity Manager
JAMES D.WEAK CHERYL J. KANE
c4441/9.— clfr •••
Mayor Pro Tern 41111PIPV City Attorney
THOMAS C. FERGUSON PA% 44.4 NIALL FRITZ
Councilmember "iDirector of
DANNY A. WOOLARD Community
CounclImember Development
LETA YANCY-SUTTON .,% R. DENNIS DELZEIT
Councilmember City Engineer
DORIS D. BANKUS JOHN V.GILLESPIE
City Clerk Chief of Police
JOHN C. GEDNEY
City Treasurer
MEMORANDUM
TO: The Honorable City Council
FROM: Steven Kueny, City ManagercA
DATE: July 9 , 1985
SUBJECT: Assignment of Improvement Agreements from
the County and Transfer of Construction Fees
On April 15, 1985, the Council approved the attached agreement to
accomplish both of the referenced actions . Ventura county has in-
formed us that in paragraph 2, the phrase "including accrued interest"
should not have been in the agreement. The County, like the City,
does not separately account for interest on sudh deposits. Any
interest earned is accrued to the General Fund, where it is used to
cover costs in excess of maximum fees and for administration of the
system.
The transfer of the deposits and assignment of improvement agreements
has taken longer than anticipated. We have been charging City staff
time and City Engineer costs against some of the projects without
benefit of the deposit. It is imperative that we get the funds trans-
ferred over at the earliest possible time.
In place of the language proposed for deletion would be the following:
"Interest for the period July 1, 1984 through June 30, 1985, both
inclusive, to be distributed between City and County as mutually
agreed upon. "
If the Agreement as proposed for modification is approved by the
Council on July 15, the Board of Supervisors can consider it on
July 23, prior to their month-long period of conducting no meetings.
This would allow transfer of the funds by approximately August 1, 1985.
I am confident that a mutually agreeable distribution of interest can
be worked out.
799 Moorpark Avenue Moorpark, California 93021 (805)529-6864
,
. . , .
• , .
The Honorable City Council
Page 2
July 9 , 1985
RECOMMENDED ACTION
Approve attached agreement as modified and authorize Mayor and
City Clerk to execute on behalf of the City.
SK:ddb
cc: Art Goulet
attachment