HomeMy WebLinkAboutReso 1950-1157 1950-1157 RESOLUTION NO. 1157
RE30LUTION AND ORDER OF THE CITY COUNCIL OF
THE CITY OF .CHULA VISTA ELECTING TO PAY OUT
OF MUNICIPAL FUNDS ALL OF THE .AMOUNT OF TA%
WHZCH WOULD OTHERWI3S BE LEVIED UPON PROPSRTY
WITHIN SAID THTs CITY OF CHULA PISTA BY AND
FOR THE MET80POLITAN WATBR DISTRICT OF SOUTxERN
CALIFORNIA FOR THE FISCAL YEAR BEGINNING JULY
1, 1959, Ab1D ENDING JUNE 30, 1955, AND PROVIDING
FOR THE PAYMINT TIiEREOF IN CERTAIN IN3TALLMENTS
WHEREAS, the Board of Directora of The Metropolitan Water-
District of Southern California has leviad a tax of twenty-aix
centa (26¢) upon each One Hundred Dollars ($100.00) asaessed
valuation of taxable propertp within said Diatrict for the fiacal
year beginning the lst day of July, 1950, and ending the 30th
day of June, 1951, for the purpoae of ineeting the intereat and
ainking fund requirementa on all outatanding bonded indebtedness
of said District, and the payment of,the principal and interest
on any refunding bonda, or on any bonda, the iasuance of which
may have been authorised by the electors and which bonds have
not been sold, but which borids in_ the �udgment of the Board of
Directors roill be sold prior to the time when money will be
available from the naxt subsequent tax levy, together xrith a tax
of eleven cents (11¢ ) upon each One Hundred Dollara {$100.00)
assessed valuation of' ta�cable property within 3an Diego County
Water Authority, as annexed to said Diatrict, for the said fiscal
year for the purpose of raising the fourth annual installment of
the aggregate amount of �13,Ob5,000, to be raised by meaas oY
thirty (30) substantial equal annual levies within said 3an Diego
County Water Authority, as prescribed bp said Board of Directors
of said District in fixing the terms and conditions for .the anne�a-
. tion of the corporate area of said San Diego County Water Authority
to said District, together with a tax of five cents (5¢) upon
each One Hundred Dollars ($100.00) assessed valuation of taxable
property within sald District for the said fiscal year for all
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other District purposea; and
WHER�AS, the Council of the City of Chula Viata pursuant
to the pronisions oP Section $.2 oF The Metropolitan Water
District Act of the 3tate of California did on December 7th,
1949, adopt its Reaolution No. 10$0, wherein it declared the
intention of The City of Chula Vista to pay out of municipal
I funda all of the amount of said Diatrict�a taxes for the said
fiacal qear commencing July 1, 1950, and ending June 30, 1951,
to be derived from the area of said District c,rithin said City;
and
WHEREAS, the County Auditor of the_ County of San Diego
has certified to said Diatrict that the asseased valuation of
property within said City of Chula Viata� taxable by said District
for said fiacal year, is the sum of �13,454,210.00; and
WHEREAS, the amount of money to be derived from the area
of said District lying within said the C1ty of Chula Viata by
virtue of said taY levy by said District for said fiscal year,
for Lhe aforesaid purposes of ineeting the interest and sinking
fund requirementa on the said bonded indebtedness and the payment
of the principal and intereat on the aforesaid bonds is the aum
of �35,�30.5g; and
WHEREAS, the amount of money to be derived from the area oY
said Diatrict lying within the City oP Chula Viata by virtue of
said tax levy by said District for said fiacal year for the afore-
said purpose of raiaing said fourth annual installment of said
aggregate amount to be raised by meana of special tax levies
vrithin said 3an Diego County Vlater Authority, in accordance with
the terms and conditiona upon which the corporate area of said
San Diego Countq Water Authority �ras annexed to said Diatrict, ia
the sum of $14,799.63 ; and
L+JHEREAS, the amount of money to be derived from the area of
said District lying within the City �of Chula Vista by virtue of
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said tax levy by said District for said fiscal year for all
other District purposes aforesaid is the sum of �6,$26.39; and
WHEREAS, the City of Chula Vista has municipal funds on
hand and which may be used to pay all of the aforesaid taxes
levied by said District for said fiacal year upon taxable • �
property xithin said District lying within said City for the
purpose of ineeting the interest and sinking fund requirementa
on all outstanding bonded indebtedness of said District as
aforesaid in the amount oY �35,030.58; and
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WHEREAS, the City of Chula Vista has municipal funds on
hand or will on the dates herein mentioned have such funds on
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hand which may be used to pay all of the aforesaid taxes levied
by said -District for said fiscal year for the purpose of raising
the said fourth annual installment of the aggragate amount oP
$13,045,000 as prescribed by the said Board of Directors of said
Diatrict in fixing the terms and conditions for the annexation
of the corporate_ area.. of said Water Authority as aforesaid in
Lhe amount of :$14,799•63 as aforesaid and for .all other Diatrict
purposes in the� amount of �6$26.39 as aforesald, both of said
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levies totaling �21,626.02, in txo installments, namely, 60;$
or the sum oP �12,975.61 on or before the lOth day of December,.
1950 and 40�.or the sum of $8,650.41 on. or before the lOth day
o£ Maq, 1951;
BE IT RESOLVED AND ORDERED by the City Council of the City
of Chula• Vista, as followa:
That the said City Council hereby elects Lo pay out of
municipal funds the aum of �56,656.60, as payment of the total
amount of tax which would•otherwise be levied upon property
within said the City of .Chula Vista under aad by virtue of the
,•aforesaid tax levy of said The Metropolitan Water District of
Southern California for said fiscal year commencing July 1,
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1950, and ending June 30, 1951, and the said sum of �56,656.60
hereby is appropriated from said municipal funds 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
sum of �35,030:5g, being all of the amount of tax which would
otherwise be levied upon property within such City to meet
interest and sinking fund requirements on the outstanding bonded
indebtedness of said District, shall be made in cash concurrently
with the certification of this order to the controller of said
District and on or .before the twenty-aeventh day of August; 1950;
and ' '
BS IT FURTHER RESOLVED AND ORDERED that payment of tha s�
of �12,975.61� being 60� of the amount of tax which xould other-
wise be levied upon property within such City to meet all other
requirements of said District other than interest and sinking
fund requirements on the outstanding bonded indebtedness of said
District, ahall be paid in cash on or before December lOth, 1950,
and that payment of the sum of �,650.41� being 40� of the amount
o£ tax which would otherwise be levied for such .purpoaes ahall
be paid in cash on or before May lOth, 1951; and
BE IT FURTHER RESOLVED AND ORDERED that the Administrative
Officer of the City of Chula Vista forthwith shall certify to
the Controller of said District a copy of this Resolution and
order, together with a statement showing the financial condition
of the City of Chula Vista, the funds from which such payments
shall be made, and Lhe aources of raoenue to be used therefor,
which are required by law to be furnished to said District.
ADOPTED, SIGNED AND APPROVED this 24th day of Auguat, 1950.
. � • O
yor of th City of Chula Vista,
ATT � ' California. . . •
City C erk o£ th Ci p of
Chula Vista, California: �
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Passed and adopted by the said Council of the said City
of Chula Viata, California, this 24th day of August, 1950, by
Lhe following vote, to-wit :
AYES: COUNCILMEN �gan, Hobel� Sidder; Riesla�:
NOE3: COUNCILMEN None.
• ABSENT: COUNCILMEN DeWo1Pe.
ty C ar of the C f ula
Vista, California.
I; HERBERT V. BRYANT, City Clerk of the City of Chula
Vista, California, DO HEREBY CERTIFY that the above ia a true
and correct copy of Resolution No. �, and that the same has
not been amended or repealed.
DATED: August 24th, 1950.
City C er of the City of C a V sta,
California.
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