HomeMy WebLinkAboutCC RESO 7301RESOLUTION 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, 1958, and ending the
30th day of June, 1959, 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
26th day of November, 1957, adopt its Resolution No. 7124
wherein it declared the intention of the City of National
City to pay out of municipal funds fifty percentum (5070
of the amount of said District's taxes for the said fiscal
year commencing July I, 1958, and ending June 30, 1959, 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 Tying 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 $ 32.720=9)4
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 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 $ 14,873.15 ; 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 said fiscal year
for all other District purposes, is the sum of $ 2^,822.40
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
Ievied 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:
§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 $ 3" 208.25 as payment
of fifty per centum (50%) of the amount of tax which would
otherwise be Ievied 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, 1958 and ending June
30, 1959, and the said sum of $
hereby
is appropriated from said General Fund for the purpose of
making said payment hereby authorized and elected to be made.
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§2. That payment of said sum of $ �.$,y shall
be made by depositing said sum in cash with the Treasurer of
said District on or before the 27th day of August, 1958; said
sum being the total payment of the fifty per centum (5070)
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.
P. 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, 1958.
ATTEST
CITY CLERK
MAYOR