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CC RESOLUTION 22891.0686 RESOLUTION NO. 2289 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA, ESTAB- LISHING A SPECIAL ACCOUNT WITHIN THE GENERAL FUND. THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA, DOES RESOLVE AS FOLLOWS: SECTION 1. That the City Treasurer and the Director of Finance be and they are hereby authorized and directed to establish within the General Fund a special account to be designated "Storm Drain Construction Account. " SEC TION 2. That all funds deposited in the Storm Drain Construction Account established by Section 1 of this resolution, may be expended for all purposes for which General Fund monies may be expended; provided, however, that funds from the Storm Drain Construction Account established by Section 1 of this resolution, shall not be expended or encum- bered except upon motion of the City Council. SECTION 3. That the primary purpose of the Storm Drain Construction Account established by Section 1 of this resolution, shall be for financing the construction of storm drains to serve the City of El Segundo, whether located within or without the City of El Segundo, including engineering and acquisition of right -of -way, and other expenses incidental to or connected with such construction. SECTION 4. That the City Treasurer and the Director of Finance shall, from time to time, transfer to the Storm Drain Construction Account of the General Fund established by Section 1 of this resolution, such funds or monies as the City Council may direct. SECTION 5. That upon receipt of money from the 1969 -1970 property tax levy established by Resolution No. 2286, the Director of Finance and the City Treasurer shall transfer from said funds to the Storm Drain Construction Account of the General Fund established by Section 1 of this resolution, a sum equal to the amount of money that was raised by a levy of three cents. 10687 SECTION 6. That the City Clerk shall certify to the passage and adoption of this resolution; shall enter the same in the book of origi- nal resolutions of said City; and shall make a minute of the passage and adoption thereof in the records of the proceedings of the City Council of said City, in the minutes of the meeting at which the same is passed and adopted. PASSED, APPROVED AND ADOPTED this 8th day of Septem- ber , 1969. ATTEST: City tierk (SEAL) G ay e i y o g o, California. -2- STATE OF CALIFORNIA, ) ) COUNTY OF LOS ANGELES, ) SS CITY OF EL SEGUNDO. ) I, EUNICE U. CREASON, City Clerk of the City of E1 Segundo, California, DO HEREBY CERTIFY that the whole number of members of the City Council of the said City is five; that the foregoing Resolution, being Resolution No. 2289 was duly passed and adopted by the said City Council, approved and signed by the Mayor of said City, and attested by the City Clerk of said City, all at a regular meeting of the said Council held on the 8th day of September , 196 9 , and that the same was so passed and adopted by the following vote: AYES: Councilmen Balmer, Frederick, Nagel, Stephens, and Mayor Carr; NOES: Councilmen None: ABSENT: Councilmen None. WITNESS my hand and the official seal of said City this day of September , 196 9 . ity er of the City of egun o California (SEAL) a