HomeMy WebLinkAboutCC RESO 7583RESOLUTION NO.
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, 1959, and ending the 30th day of June, 1960, 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 25th day of November,
1958, adopt its Resolution No. 7351 wherein it declared the intention
of the City of National City to pay out of municipal funds fifty per
centum (501) of the amount of said District's taxes for the said
fiscal year commencing July I, 1959, and ending June 30, 1960, 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 principal and interest on bonds
is the sum of $ 32,542.78 ; and
WHEREAS, the amount of money to be derived from the area of said
District Tying 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 ar 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 $ 13,267.39 ; 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 said fiscal year for all other
4.
District parposes, is the sum of $22.487.95 ; 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 ling within said City;
NOW, THEREFORE, BE IT RESOLVED AND ORDERED BY THE CITY COUNCIL
OF THE CIT" O.F NATIONAL CITY, CALIFORNIA, AS FOLLOWS:
§I. -hat 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 $ 34,149.06 as payment of fifty per centum
(500) 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 Metropolitan Water District of
Southern California for said fiscal year commencing July 1, 1959 and
ending June 30, 1960, and the said sum of $ 34,149.06 hereby is
appropriated from said General Fund for the purpose of making said
payment hereby authorized and elected to be made.
§2. -hat payment of said sum of $ 34,149.06 shall be made by
depositing said sum in cash with the Treasurer of said District on
or before the 27th day of August, 1959; said sum being the total
payment of the fifty per centum (50/0) 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.
§3. -hat 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 25th day of August, 1959.
ATTE
CITY CLERK
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