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HomeMy WebLinkAbout88-180 - Resolutions RESOLUTION NO. 88-180 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, RESCINDING RESOLUTION NO 87-245 AND ESTABLISHING A REVISED SCHEDULE OF FEES IN-LIEU OF UNDERGROUNDING EXISTING OVERHEAD UTILITY LINES WHEN REQUIRED BY PLANNING OOMMISSION APPROVAL WHEREAS, the City is in receipt of information from the Southern California Edison Company indicating that the average cost of undergroun~ing electrical lines has decreased due to an Internal Revenue Service ruling concerning the 1986 Tax Reform Act. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rancho Cucamonga, California that the unit amount (per linear foot) to be charged for fees in-lieu of undergrounding existing overhead electrical lines shall be as follows depending upon when the effected utility lines were (are to be) undergrounded: Time Period Unit Amount/LF 1986 and before $100 1987 $135 1988 and after $128 Fees previously collected in excess of the above amounts shall be refunded to the payee in as expeditious a manner as feasible. If it is not possible to locate the payee, the excess funds shall be transferred to the City General Fund. The unit amounts for the other utilities shall remain at the current rates of $75.00 for Telephone and $10.00 for Cable ~, respectively. PASSED, APPROVED, and ADOPTED this 6th day of April, 1988. AYES: Brown, Buquet, Stout, King, Wright NOES: None AB SENT: No ne Dennis L. Stout, Mayor Resolution No. 88-180 Page 2 ATTEST: B~verly/A. Authelet, city Clerk I, BEVERLY A. AUTHELET, CITY CLERK of the City of Rancho Cucamonga, California, do hereby certify that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the City of Rancho Cucamonga, California, at a regular meeting of said City Council held on the 6th day of April, 1988. Executed this 7th day of April, 1988 at Rancho Cucamonga, California. ,'. fi'n,.. Beverly ~. Authelet, City Clerk