HomeMy WebLinkAboutCity Council Resolution 767 CITY OF SARATOGA
I~/ESOLUTION NO. 767
RESOLUTION DETERMINING THAT THE PUBLIC INTEREST
AND NECESSITY DEMAND THF ACQUISITION
BY THE CITY OF SARAT0C-A OF THE FOLLOWING
MUNICIPAL IMPROVEMENT, TO WIT: PARK A?ID
RECREATION FACILITIES: AND THAT THE COST OF
SAID [f0NICIPAL IMPROVEME~T WILL REOUIRE AN
EXPENDITURE GREATER THAN THE AMOUNT
ALLOWED THEREFOR BY THE ANNUAL TAX LEVY..
BE IT RESOLVED by the City Council of the City
of Saratoga, as follows:
1. That the public interest and necessity demand
the acquisition by said City of the following municipal im-
provement, to wit:
Park and recreation facilities, comprising the
acquisition of approximately 400 acres of land
located in the Saratoga hillside area for open
space preservation, generally being a portion of
those lands in and about the western foothills of
Saratoga from Hakone Gardens north to the Parker
Ranch.
2. That the acquisition of said municipal improve-
ment is necessary and convenient to carry out the objects,
purposes and powers of said City.
3. That the cost of the acquisition of said munic-
ipal improvement is and will be too great to be paid out of
the ordinary annual income and revenue of said City, and that
said municipal improvement will require an expenditure greater
than the amount allowed therefor by the annual tax levy and
that said City should incur a bonded indebtedness therefor.
PASSED AND ADOPTED March 23, 1976, by the following
vote:
AYES: Councilmen Kraus, Brigham, Corr, Matteoni
NOES: Councilman Bridges
ABSENT: None ~ .
yor of the City ~f ~66ga
(SEAL)
Attest:
Clerk