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Reso 1996-59201 � RESOLUTION NO. 96 -592 A RESOLUTION OF THE COSTA MESA SANITARY DISTRICT EARMARKING THE PROCEEDS OF TRASH COLLECTION CHARGES COLLECTED IN 1996 -1997 FOR USE IN REDUCING FUTURE CHARGES WHEREAS, pursuant to the Board of Director's annual public hearing procedure imposing charges for trash collection rates, the District adopted Resolution No. 96 -588 confirming a report and imposing an annual trash collection charge of $151.41 for fiscal year 1996 -97, which reflected a savings over the previous rate of $162.71 due to lower disposal charges; and WHEREAS, due to staff error the reduction in rate was not accurately set forth in the assessment roll sent to the County for collection and it is not possible to correct the collection rate for 1996 -97; and WHEREAS, the Board does hereby desire to ensure that the benefits of the lower charges are passed on to its constituents; NOW, THEREFORE, the Board of Directors does hereby RESOLVE and DETERMINE that: The District Treasurer shall earmark the amount of money that represents the overcharge collected so that the same shall be used to further reduce the rates imposed in the next fiscal year and no part of said money shall be spent on any expenditure. All of the interest that shall accrue to this earmarked fund shall also be retained by the fund and used to further reduce next year's rates. Staff shall prepare an implementation plan for this reduction and shall factor in this earmarked money in setting the rates for next year. PASSED AND ADOPTED this /0 -t& day of 06r*4z r.J ' , 1996. 4,- ;'4'. STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF COSTA MESA I, Florine T. Reichle, Assistant Manager /Clerk of the Costa Mesa Sanitary District, hereby certify that the above and foregoing Resolution No. q`_ 3"92- , was duly and regularly passed and adopted by said Board of Directors at a regular meeting thereof held on the lo-4e', day of , 19 9'4 . IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the Costa Mesa Sanitary District, this day of Oe�— , 19 y4—. Assistant Manager /Clerk Costa Mesa Sanitary District �� printed on recycled paper