HomeMy WebLinkAboutCC RESO 6715RESOLUTION NO. 6715
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, 1956, and ending the 30th day of June, 1957, for
the purpose of meeting the interest and sinking fund requirements
on all outstanding bonded indebtedness of said District, and the
payment of the principal and interest on any refunding bonds, and
on any bonds, the issuance of which may have been authorized by the
electors, and which bonds have not been sold, but which bonds, in
the judgment of the Board of Directors, will be sold prior to the
time when money will be available from the next subsequent tax levy,
together with a tax upon taxable property within said City of
National City, as annexed to said District, for the said fiscal
year for the purpose of raising the annual installment of the
aggregate amount to be raised by means of substantially equal
annual levies within said City of Natbnal City, as presectibed by
said Board of Directors of said District in fixing the terms and
conditions for the annexation of the corporate area of said City
of National City to said District, together with a tax upon taxable
property within said District for the said fiscal year for all other
District purposes; and
WHEREAS, the City Council of the City of National City,
pursuant to the provisions of Secti n 8.2 of the Metropolitan
Water District Act of the State of California, did on the 6th day
of December, 1955, adopt its Resolution No. 6526 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,
1956, and ending June 30, 1957, to be derived from the area of
said District within said City; and
WBEREAS, 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 aforesaid purposes of meeting the interest and sinking
fund requirements of the said bonded indebtedness and the payment
of the principal and interest on the aforesaid bonds is the sum
of 32,124.43 ; 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 aforesaid purpose of raising said annual installment
of said aggregate amount to be raised by means of special tax
levies within said City of National City in accordance with the
terms and conditions
of National City was
15,903.09
upon which the corporate area of said City
annexed --to said District is the sum of
; and
WHEREAS, the amount of money to be derived from the area
of ;laid District lying within said City of National City by
virtue of said tax levy by said District for said fiscal year
for the aforesaid all other District purposes, is the sum of
18,871.86
; 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:
Section 1. That the said City Council hereby elects
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to pay out of the municipal funds, to wit: The General Fund of
said City of National City, the sum of $ 33.449.69 as
payment of fifty per centum (50%) 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, 1956, and ending June 30, 1957,
and the said sum of $ 33,449.69 hereby is appropriated
from said General Fund for the purpose of making said payment
hereby authorized and elected to be made.
Section 2. That payment of said sum of 33,449.69
shall be made by depositing said sum in cash with the Treasurer of
said District on or before the 27th day of August, 1956 (the 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).
Section 3. That the City Clerk of the City of National City
immediately shall certify to the Controller of said District a copy
of this resolution and order, together with the financial statement
which is required by law tobe furnished to said District.
Passed and adopted on the - /rday of August
Attest:
City Clerk
, 1956.
Mayor