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PdESOLUTION 74-13 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF SANTA ANA ACCEPTING A PROPORTIONATE SHARE <br />OF THE REMAINING ASSETS OF THE NEWHOPE DRAINAGE <br />DISTRICT AND ALLOCATING THEM TO THE C-5-F STORM <br />DRAIN PROJECT <br /> <br /> WHEREAS, after due notice and a public hearing, the <br />Local Agency Formation Commission of Orange County, Cali- <br />fornia adopted Resolution Number 66-64 for the dissolution of <br />the NEWHOPE DRAINAGE DISTRICT, and <br /> <br /> WHEREAS, the Orange County Flood Control District was <br />named successor to the NEWHOPE DRAINAGE DISTRICT for the <br />purpose of winding up the affairs of said district, and <br /> <br /> WHEREAS, after due notice and a public hearing, the <br />Board of Supervisors of Orange County, California adopted <br />Resolution Number 76-14 ordering the dissolution of the NEW- <br />HOPE DRAINAGE DISTRICT of Orange County, and <br /> <br /> WHEREAS, the Board of Supervisors of Orange County, Cali- <br />fornia designated the Orange County Flood Control District as <br />successor for the purpose of winding up the affairs of said <br />district, and <br /> <br /> WHEREAS, the Orange County Flood Control District, as the <br />said successor to said district, has notified the City that <br />said successor has met all terms and conditions of said reso- <br />lutions and has satisfied all debts and obligations of said <br />district and that assets in the amount of $20,502.63 in cash <br />remain, and <br /> <br /> WHEREAS, the remaining assets are to be distributed by <br />the said successor in accordance with the plan formulated by <br />the said successor which would result in the following dis- <br />tribution: <br /> <br />City of Fountain Valley <br />City of Garden Grove <br />City of Santa Ana <br />County of Orange <br /> <br />$~i~2,759.65 <br />$ ~5,644.38 <br />$12,098.60 <br /> <br /> With accrued interest, if any, to be distributed in the <br />same proportions, <br /> <br /> NOW, THEREFORE, BE IT RESOLVED: That said distribution of <br />said remaining assets pursuant to the said plan is hereby <br />approved, and <br /> <br /> BE IT FURTHER RESOLVED: That Santa Ana's share is to be <br />used for the C-5-F storm drain project within the territory <br />of the dissolved NEWHOPE DRAINAGE DISTRICT as shown on a ~ <br />of said district attached hereto and made a part hereof. <br /> <br /> <br />