Req Ccl approve establishment of an interest bearing trust fund into
which all Project Restore funds can be deposited. It also requests
that all existing City funds for Project Restore be transferred to
the new trust fund
Date Received / Introduced
12/18/1989
Last Changed Date
01/01/1975
Initiated by
City Administrative Officer
Mayor
File History
12-26-89 - For ref 12-26-89 - Ref to B&F Comt 12-27-89 - File to B&F Comt Clk 2-6-90 - B&F Comt rept adopted, subj to approval of Mayor: 1. INSTRUCT Atty to draft an ord to estab a new special interest earning Trust Fd for Proj Restore, said Trust Fd to be administered by GSD; 2. INSTRUCT Controller to transfer original City approp of $300,000 (300000) & all balances and encumbrances from General Services Trust Fd No 843, Proj Restore Account No 0160 to newly established Proj Restore Trust Fd; 3. TRANSFER $300,000.00 (30000) from General City Purposes Fd No 0523, to newly established Trust Fd; 4. INSTRUCT Controller to transfer all balances & encumbrances from General Services Trust Fd No 843, Proj Restore Account No 0170 (State gift monies) to newly established Proj Restore Trust Fd; 5. INSTRUCT GSD to deposit any future receipts for Proj Restore into newly established Proj Restore Trust Fd; 6. AUTH GSD to accept private contributions, upon instruction from Proj Restore, & to deposit such monies into new Trust Fd 2-7-90 - File to Mayor FORTHWITH 2-12-90 - Mayor's message concurred in action of 2-6-90 (CNT9002) 2-15-90 - File to B&F Comt Clk OK 2-16-90 - File to Atty 6-18-90 - File & Ord re: adding Chapter 25 to LAAC, to provide for a Project Restore Trust Fund - to B&F Comt Clk 6-26-90 - Ord ADOPTED adding Chapter 25 to Division 5 of the LAAC, to provide for a Project Restore Trust Fd 6-28-90 - File to Mayor for signature 7-3-90 - File in files 1-22-91 - File to Karen Kalfayan - CAO - 52868 2-22-91 - File in files 4-30-91 - This days Ccl session - Mo - Yaroslavsky Mover 1991 / Wachs - To comply with requirements of recently adopted Ord 166034 adding Chapter 25 to LAAC establishing Project Restore Trust Fd, & since the construction phase of City Hall Demonstration Proj historic renovation will begin soon, it is necessary that City funds appropriated for the project's construction phase be deposited into the Trust Fund as soon as possible. THEREFORE MOVE, SUBJ TO APPROVAL OF MAYOR that $300,000 - 300000 - appropriated to Proj Restore from 1990-91 City budget, General City Purposes Fd 100/56, Proj Restore Acct 0523, be transferred to Proj Restore Trust Fd, Fd 869, Acct 0190, entitled "Project Restore - City Fund FY 91". 4-30-91 - File to Cal Clk for placement on next reg Ccl agenda 5-7-91 - Mo ADOPTED 5-13-91 - File to Mayor 5-14-91 - Mayor's message concurred in action of 5-7-91 (CNT9105) 5-17-91 - File in files 7-31-91 - For ref - GSD - Req Ccl approve the report on the status of the Project Restore Trust Fund 8-9-91 - Ref to AH&H Comt 8-12-91 - File to Wachs Chrprsn 8-14-91 - File to AH&H Comt Clk for rept 10-2-91 - AH&H Comt rept ADOPTED to NOTE & FILE GSD rept on status of Project Restore Trust Fd for period 10-1-90 to 4-1-91, as rept is submitted for informational purposes in accordance with Section 5.338(i) of LAAC 10-11-91 - File to AH&H Comt Clk OK 10-16-91 - File in files