Laserfiche WebLink
<br /> . <br /> B. Segregation of Assessments <br /> . 1. South of Shasta View and east of North Shasta Loop; southeast <br /> of Canyon View Estates Subdivision; lpplicant--Paul Wilson; <br /> SE 78-08 <br /> 2. Hawkins Height Road) 8-foot strip along west lot line; appli- <br /> cant--Jim Hale; SE 78-9 <br /> Mr. Hamel moved) seconded by Mr. Delay) to approve the <br /> segregations of assessments. Motion carried unanimously. <br /> C. Civic Center Capital Project Fund--Memo distributed. <br /> Manager said the resolution would establish the Civic Center Capital <br /> Project Fund. Oregon Revi sed Statutes ,and genera 1 governmental <br /> accounting principles recommend that when proceeds are received <br /> for a specific purpose) a fund be established by order of the govern- <br /> ing body. The fund will be used to record Civic Center construction <br /> costs. He said Council would be receiving a budget breakdown. <br /> Mr. Lieuallen did not understand the function of the fund. Manager <br /> said the proceeds would be placed in the fund for construction of the <br /> facility. Mr. Lieuallen then asked about the interest that accrues <br /> from the investment of the funds. Manager said tentatively) in <br /> accordance with the moral commitment of the Council and the Civic <br /> Center Commission) the interest money earned would go toward relieving <br /> e the tax burden to reduce the debt service. Interest to accrue was <br /> estimated at $2)200)000. Manager noted) however) the interest could <br /> be used legally to finance such a project. <br /> Res. No. 3055--Establishing a Civic Center Capital Project <br /> Fund was read by number and title. <br /> Mr. Hamel moved) seconded by Mr. Delay) to adopt the resolu- <br /> tion. Motion carried unaimously. <br /> III. Public Hearing Re: Easement Vacations--Materials distributed. <br /> A. Public utility easement vacation located near the terminus of <br /> Agate Street) south of East 27th Avenue (Thomas)(EV 78-10) <br /> Unanimously recommended by Planning Commission on August 28) 1978. <br /> Public hearing was held with no testimony presented. <br /> C.B. 1802--Authorizing public utility easement vacation located <br /> near the terminus of Agate Street) south of East 27th <br /> Avenue and declaring an emergency was read by council <br /> bill number and title only) there being no councilor <br /> present requesting it be read in full. <br /> . <br /> \ <br /> ... 12/6/78--3 <br /> '5~ <br />