HomeMy WebLinkAboutCC RESO 8178RESOLUTION NO. 8178
r` D I N FOR
RESOLUTION PRoVlu�rG io< THE PAYMENT BY CITY
c NATIONAL , CITY
FIFTY FTY Per CENT OF vc LEVIED
0 f4,-ll i�10 Li{ 1 or i i c; Oo:V! vi-. THE r0/1�S
BY• THEMETROPOLITAN ;tTER DISTRICT OF SOUTHERN CALIFORNIA
WHEREAS, the Board of DirectorsThe Metropolitan
of wl t;opol an
Water District of Southern California has levied a tax upon
taxable property within said District for the fiscal year be-
ginning the 1st day of July, 1962, and ending the 30th day of
June, 1963 and
WHEREAS, the City Council of the City of National
City, pursuant to the provisions of Section 8.2 of The M,etro-
polit.:n Water District Act of the State of California, did on
the 5th day of December, 1961, adopt Its Resolution No. 8035
where n it declared the intention of the City of National City
to pa out of municipal funds fifty f percentum(50%) th
e
ty of she
amount of said District's taxes for the said fiscal year com-
mencirg July I, 1962, and ending June 30, 1963, to be derived
from the area of said District within said City; and
the amount of money to be derived from
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area cf the said District lying within said City of National
City by virtue of said tax levy by said District for said
fiscal year, for the purpose of meeting the interest and sink-
ing find requirements of bonded indebtedness and the payment of
the principal and interest on bonds is the sum of $28,706.49;
and
WHERE,S, the amount of money to he derived from the
area of said District lying within said City of National City
by virtue of said tax levy by said District for the said fiscal
year for the purpose of raising an annual installment for the
aggregate amount to be raised by means of special tax levies
within said City of National City in accordance with the terms
and conditions upon which the corporate area of said City of
National City was annexed to said District is the sum of
$15,487.93; and
WHEREr-iS, the amount of money t0 be derived from the
area o= said Di
;ct lying within said City of National City
by vir:ue of said tax levy by said District for said fiscal'
year f,r all other District purposes, is the sum of :28,123.73;
and
WHERE„S, there is now available in the General Fund
of the City of National City, a sum sufficient, and which may
o L.
used, to pay fifty per centum (50%) of the aforesaid taxes
levied by said District for said fiscal year upon taxable
property within said District lying within said City;
NOW, THEREFORE, BE IT RESOLVED AND ORDERED BY THE
CITY COUNCIL OF THE CITY OF NUTICA - CITY, C'oLIFORNI
FOLLOWS:
, AS
§I. That the said City Council hereby elects to pay
out of the municipal funds, to wit: The General Fund of said
City of National City, the sum of $36,159.08 as payment of
fifty per centum (50%0) of the amount of tax which would other-
wise be levied upon property within said City of National City under
and by virtue of the aforesaid tax levy of said The Metropoli-
tan Water District of Southern California for said fiscal year
commencing July 1, 1961 and ending June 30, 1962, and the said
r
sum of :p36,159.08 hereby is appropriated from said General
Fund for the purpose of making said payment hereby authorized
and elected to be made.
s2. That payment of said sum of $36,159.08 shall be
made by depositing said sum in cash with the Treasurer of said
District, said sum being the total payment of the fifty percentum,
elected to be paid by said City o` National City of the amount
of said District's tax for said fiscal year which would otherwise
be levied upon property within said City,
>3, That the City Clerk of the City of National City
shall immediately send to the Controller of said District a
certified copy of this resolution and order, together with the
financial statement which is required by law to be furnished
to said District,
ATTEST
PASSED AND ADOPTED this 23rd day of August, 1962.
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CITY CLERK