HomeMy WebLinkAboutCC RESO 6238RESOLUTION NO, 6238
A RESOLUTION AND ORDER OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY, CALIFORNIA,
ELECTING TO PAY OUT OF MUNICIPAL FUNDS
FIFTY PER CENTUM (50%) OF THE AMOUNT OF
TAX WHICH WOULD OTHERWISE BE LEVIED UPON
PROPERTY WITHIN SAID CITY OF NATIONAL CITY
BY AND FOR THE METROPOLITAN WATER DISTRICT
OF SOUTHERN CALIFORNIA, FOR THE FISCAL YEAR
BEGINNING JULY 1, 1954, AND ENDING JUNE 30,
1955, AND PROVIDING FOR THE PAYMENT THEREOF.
WHEREAS, the Board of Directors of The Metropolitan
Water District of Southern California has levied a. tax upon ta.xa.ble
property within said District for the fiscal year beginning the 1st
day of July, 1954, and ending the 30th day of June, 1955, for the
purpose of meeting the interest and sinking fund requirements on
all outstanding bonded indebtedness of said District, and the pay-
ment of the principal and interest on any refunding bonds, and on
any bonds, the issuance of which ma.y have been authorized by the
electors, a.nd 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 ta.x levy,
together with a. tax upon taxable property within said City of National
City, as a.nnexed 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 with-
in said City of Na.tional City, as prescribed by said Board of Directors
of said District in fixing the termsand conditionsfor the annexation
of the corporate area. of said City of National City to said District,
together with a. tax upon ta.xa.b le property within said District for
the said fisca.l._year for all other District purposes; and
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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 1st day of December, 1953, adopt its Resolu-
tion No. 6081 wherein it declared the intention of the City of National City
to pay out of municipal funds Fifty per centum (50%) of the amount of said
District's taxes for the said fiscal year commencing July 1, 1954, and
ending June 30, 1955, to be derived from the area of said District within
said City; and
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WHEREA.S, 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 fiscalyear, 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 Q32, l+.. . c 2 ; 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 the aforesaid purpose of raising
said ig 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 term and conditionsupon which the corporate area of said City of
National City was annexed to said District is the sum of ti>13, 92 .12
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
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levy by said District for said fiscalyear for the aforesaid all other
District purposes, is the sum of $17 717,51 ; 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 Yap, 059. 73
as payment of fifty per centum
(50%) of the amount of tax which would otherwise be levied upon pro-
perty within said City of National City under and by virtue of the
aforesaid tax levy of said Metropolitan Water District of Southern
California for said fiscal year commencing July 1, 1954, and ending
June 30, 1955, and the said sum of Yap, 059.73
hereby is
appropriated from said General Fund for the purpose of making said
payment hereby authorized and elected to be made; and
BE IT FURTHER RESOLVED AND ORDERED that payment
of said aggregate sum of 93C, 059. 73 shall be made as follows:
(1) By depositing the sum of 416,, 236, 1 in cash
with the Treasurer of said District on or before the 27th day of
August, 1954 (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 other-
wise be levied upon property within said City for the aforesaid purposes
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of meeting the interest and sinking fund requirements on the said bonded
indebtedness and the payment of principal and interest on the aforesaid
bonds of said District);
(2) By depositing the sum of -- in cash
with the Treasurer of said District on or before December 10, 1954
(the said sum being -sixty_ per centum (. 6Q ) of 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 taxes for said fiscal year which
would otherwise be levied upon property within said City for the afore-
said purposes of raising said v)osisiMOVI annual installments of said aggregate
amount to be raised by special tax levies within said City of National
in accordance with the tarns and conditions upon_ which the cor ,orate
City{ was annexed to said District and for said all other District purposes); area pi"
_r'1ty of National
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(3) By depositing the sum of *529233---- in cash with City
the Treasurer of said District on or before May 10, 1955 (the said sum
being forty per centum ( -• Q- %) of 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 taxes for said fiscal year, which would
otherwise be levied upon property within said City for the aforesaid
aggregate
purposes of raising said xTfiRft§t XR annual installment of said amount
to be raised by special tax levies within said City of National City, in
accordance with the term and conditionsupon which the corporate area
of said City of National City was annexed to said District, and for said
all other District purposes); and
tip; IT FURTHER RESOLVED AND ORDERED 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 to be furnished
to said District.
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Passed approved and adopted by the said City Council of said
City of National City, California, this 24th of August, 1954, by the
following vote, to wit:
Ayes: Heck, Hollingsworth, Jensen, Perchen,rlodge
Noes: Nono
Absent: None
;Ater F. Hodge
Mayor of the City of National City
California
I r n e E . Alston
City Clerk
I HEREBY CERTIFY that the above and foregoing resolution
was passed and adopted by the City Council of the City of National City,
California at the time and by the vote above stated.
Irene H. Elston
City Clerk of the City of National
City, California
I HEREBY CERTIFY the above to be a full, true and correct
copy of Resolution No. 6238 of the City Council of the City of
National City, California, as adopted by said City Council August
2LF
1954.
City Clerk of the City of National
City, California
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss
CITY OF NATIONAL CITY )
I, Irene E. Alston , City Clerk of the City
of National City, California, do hereby certify that the whole
number of members of the City Council of the said city if five;
thA.t the foregoing resolution, being Resolution No.
6238
was passed and adopted by the said City Council, approved and
signed by the Ma.yor of said city, and attested by the City Clerk
of said city, all at a. regula.r meeting of the said council held on the
day of August, 1954, and that the same wa.s so passed and
adopted by the following vote:
Ayes: Heck, Hollingsworth, Jensen, Parchen, Hodge
Noes: None
Absent: None
City Clerk of the City of National
City, California