CC RESOLUTION 2609RESOLUTION NO. 2609
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF EL SEGUNDO, CALIFORNIA, ESTAB-
LISHING A SPECIAL ACCOUNT WITHIN THE GEN-
ERAL FUND, AND RESCINDING RESOLUTION NO.
2289.
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 "Capital Im-
provement Account:'
SECTION 2. That all funds deposited in the Capital Improve-
ment 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 Capital Improvement Account established by
Section 1 of this resolution, shall not be expended or encumbered except
upon motion of the City Council.
SECTION 3. That the primary purpose of the Capital Improve-
ment Account established by Section 1 of this resolution, shall be for financ-
ing Capital Improvements to serve the City of E1 Segundo.
SECTION 4. That the City Treasurer and the Director of Finance
shall, from time to time, transfer to the Capital Improvement 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 property tax
levy established by annual resolution adopted by the City Council, the Director
of Finance and the City Treasurer shall transfer from said funds to the Capital
Improvement Account of the General Fund established by Section 1 of this reso-
lution, a sum equal to the amount of money that was raised by a levy of five
cents.
SECTION 6. Resolution No. 2289 is hereby rescinded.
SECTION 7. The City Clerk shall certify to the passage and adop-
tion of this resolution; shall enter the same in the book of original 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 this4th day of February
. 1975.
ATTEST:
City Clerk
(SEAL)
-2-
e/ 19 aAIII -
ayor of e City of E egun o, California.
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO )
I, VALERIE A. BURROWES 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. 2609
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 4th day of February , 1975
and that the same was so passed and adopted by the following vote:
AYES: Councilmen Nagel, Rockhold, Stephens
Van Vranken and Mayor Balmer;
NOES: Councilmen None
ABSENT: Councilmen None
WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID
CITY this 10th day of February A 197 5
City Clerk
of the City of El Segundo, California
(SEAL)