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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 88-415 <br /> <br /> RESOLUTION ACCEPTING PAYMENT IN LIEU OF <br /> TAXES FROM THE HOUSING AUTHORITY OF THE <br /> CITY OF PT~ASANTON <br /> <br />WHEREAS, according to HUD guidelines, the Housing Authority <br /> is required to pay the City payments in lieu of <br /> taxes on an annual basis; and <br /> <br />WHEREAS, during the separation of the old Housing Authority, <br /> the payment in lieu of taxes fund was divided so <br /> that 75% of the total amount went to Dublin and 25% <br /> went to the Pleasanton Housing Authority; and <br /> <br />WHEREAS, the Assistant City Manager has presented his report <br /> regarding acceptance of the Payment In Lieu of <br /> Taxes fund and recommending allocation of the <br /> moneys; <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />RESOLVES AS FOLLOWS: <br /> <br />Section 1: Council hereby accepts the Payment in Lieu of <br /> Taxes in the amount of $42,218 from the Housing <br /> Authority of the City of Pleasanton. <br /> <br />Section 2: Council appropriates the $42,218 to a city fund <br /> designated by the City Director of Finance. <br /> <br />Section 3: Authorizes the Housing Authority Board of <br /> Commissioners to utilize the $42,218 for the <br /> purpose of meeting Kottinger Place capital <br /> improvements and operating costs. <br /> <br />Section 4: This resolution shall become effective <br /> immediately upon its passage and adoption. <br /> <br /> <br />