HomeMy WebLinkAboutCC RESO 7801RESOLUTION NO.
7801.
RESOLUTION PROVIDING FOR THE PAYMENT BY CITY OF
NATIONAL CITY OF FIFTY PER CENT OF THE TAXES LEVIED
BY THE:. METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA
WHEREAS, the Board of Directors of The Metropolitan
Water District of Southern California has levied a tax upon
taxable property within said District for the fiscal year
beginning the 1st day of July, 1960, and ending the 30th day
of June, 1961, and
WHEREAS, the City Council of the City of National City,
pursuant to the provisions of Section 8.2 of the Metropolitan
Water District Act of the State of California, did on the
I0th day, of November, 1959, adopt its Resolution No. 7634
wherein it declared the intention of the City of National City
to pay out of municipal funds fifty percentum (50%) of the
amount of said District's taxes for the said fiscal year
commencing July 1, 1960, and ending June 30, 1961, to be
derived from the area of said District within said City; and
WHEREAS, the amount of money to be derived from the area
of 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 sinking fund
requirements of bonded indebtedness and the payment of the
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principal and interest on bonds is the sum of $ ; ,83_3,67 ; and
WHEREAS, the amount of money to be 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 fcr 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
$ 14,333.47 ; and
WHEREAS, the amount of money to be derived from the area
of saic District lying within said City of National City by
virtue of said tax levy by said District for said fiscal year
for all other District purposes, is the sum of $ 2',98- ;and
WHEREAS, there is now available in the General Fund of the
City of National City, a sum sufficient, and which may be 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 NATIONAL CITY, CALIFORNIA, AS FOLLOWS:
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 $ 36.383,03 as payment of fifty
per certum (5010) of the amount of tax which would otherwise 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 I, 1960 and ending June 30, 1961, and the said
sum of $ 36,C83.03 hereby is appropriated from said General
Fund fcr the purpose of making said payment hereby authorized
and elected to be made.
That payment of said sum of $ 36,083•03 shall be
made by depositing said sum in cash with the Treasurer of said
District on or before the 27th day of August, 1960; said sum
being the total payment of the fifty per centum (50%) elected
to be paid by said City of National City of the amount of said
District's tax for said fiscal year which would otherwise be
levied upon property within said City.
c3. 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.
PASSED AND ADOPTED this % day of August,'1960.
ATTEST ::/
&2,
CITY CLERK