CC RESOLUTION 29833 t i �. 95Y�
RESOLUTION NO. 2983
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF EL SEGUNDO, CALIFORNIA, ESTABLISHING AN
ESPECIALLY FINANCED PROJECTS TRUST AND RESERVE
FUND.
THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA,
DOES RESOLVE AS FOLLOWS:
SECTION 1. There is hereby established an ESPECIALLY
FINANCED PROJECTS TRUST AND RESERVE FUND which may be referred
to as the OUTSIDE SERVICES FUND.
SECTION 2. The Director of Finance is directed to
establish the Fund referred to in Section 1 hereof.
SECTION 3. The Director of Finance may establish with-
in this Fund separate accounts for as many projects that fall
within the Fund.
SECTION 4. There shall be deposited in this Fund sums
received from any other governmental entity or any private person,
firm or corporation pursuant to any arrangement by which the
City and such other entity or person, firm or corporation under-
take jointly to construct or complete or perform any project
or service and to which the City's contribution also may be
transferred from the appropriate account.
SECTION 5. Expenditures may be made from this Fund
for payments necessary to perform any of the contracts, projects
or services for which the account was established. Expenditures
may be made from this Fund to refund any deposit not needed.
SECTION 6. Funds from this account may be tranferred
out only to the Capital Improvement Fund.
SECTION 7. The City Clerk shall certify to the passage
and adoption 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
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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 4th day of
March , 1980.
• Mayor of the City of E1 Segundo,
California
ATTEST:
i
City Clerk
(SEAL)
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V;
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STATE OF CALIFORNIA
COUNTY OF LOS ANGELES SS
CITY OF EL SEGUNDO
VALERIE A. BUIIRGIMS City Clerk of the
City of El 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. 2983
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 IIARCH '19
and that the same was so passed and adopted by the following vote:
AYES: Councilmen Benson, Bue, Nagel,
Van Vranken and Mayor Bal:mer
NOES: Councilmen None
ABSENT: Councilmen None
WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID
CITY this 14th day of MARCH 19 80.
City Clerk of the City of El Segundo,
California
SEA L)
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