HomeMy WebLinkAboutCC RESO 12,936RESOLUTION NO. 12,936
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NATIONAL CITY ASSUMING PARTIAL TAX LIABILITY
OF THE SWEETWATER WATER SYSTEM CORPORATION
WHEREAS, the Sweetwater Water System Corporation
was established as a nonprofit corporation to accomplish
the financing of the acquisition of water facilities, and
WHEREAS, the City of National City contributed
money to the corporation enabling it to perform its functions,
and
WHEREAS, the corporation was not utilized as a
financing mechanism for the acquisition of water facilities,
and
WHEREAS, the purpose for the Sweetwater Water
System Corporation has been eliminated, and
WHEREAS, the corporation has been dissolved, and
WHEREAS, the assets of the corporation have been
distributed to the City of National City and the South Bay
Irrigation District in proportion to their respective con-
tributions, and
WHEREAS, the law requires the City to assume any
tax liability of the Water System Corporation as a condition
of receiving the corporate assets;
NOW, THEREFORE, BE IT RESOLVED, ORDERED AND
DETERMINED as follows:
1. The Mayor be authorized and ordered to execute
the "Corporate Assumption of Tax Liability", a copy of which
is attached hereto.
PASSED AND ADOPTED thisl2th day of De ember, 1978.
ATTEST:
RUSH! TAX CLEARANCE
Phone Sacramento
(916) 355-0895 or
(916) 355-0873
MAIL TO: CORPORATION AUDIT SECTION
P. 0. Box 1468
Sacramento, CA 95807
ATTN: TAX CLEARANCE UNIT
In the Matter of the Assumption of Tax Liability
of(1)THE SWEETWATER WATER SYSTEM )
CORPORATION, A corporation ) 659875
) Corporate No.
by (2) CITY OF NATIONAL CITY )
A corporation )
Corporate No.
CORPORATE
ASSUMPTION OF
TAX LIABILITY
(2) CITY OF NATIONAL CITY
a corporation, incorporated or qualified to do business within the State of California, does
hereby unconditionally agree to file or cause to be filed with the Franchise Tax Board such
returns and data that may be required of
(1) THE SWEETWATER WATER SYSTEM CORPORATION
that said (2) CITY OF NATIONAL CITY
does hereby unconditionally agree to pay in full all accrued or accruing liabilities for tax,
penalty or interest due from or assumed by
(1) THE SWEETWATER WATER SYSTEM CORPORATION
to the Franchise Tax Board under the provisions of the Bank and Corporation Tax Law.
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
That he is the t"M of
the corporation that executeWthe above and foregoing instrument, and the officer of s'jid corpor-
ation who signed the name of said corporation to such instrument in such official capacity; that
at the time of executing said instrument, as aforesaid, affiant had full power and authority to
execute such instrument on behalf of said co .:.��.� ��� • tion to carry out
each, every, and all the terms, conditions, o igatioj s anc.. •��;•. 1gghLrec -d and set forth
therein.
City of Nat
nal City, California
act Corporate Name
N e and Title of Officer
Kile Morgan, Mayor
Subscribed and sworn to before me
, Being first duly sworn, on oath deposes and says:
BEATRICE BUCKELEW
NOTARY PUBLIC • CALIFORNIA
PRINCIPAL OFFICE IN
JAN UItl4Q UUUNIY
My Commission Expires efi.ugustT4ble lgVff
er
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