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HomeMy WebLinkAboutReso 1949-1058 • RESOLUTION NO. 1058 RESOLUTION AND ORDER OF THE CITY COUNCIL OF THE CITY OF CHULA .VISTA ELECTING TO PAY OUT OF MUNICIPAL FUNDS ALL OF THE AMOUNT OF TAX WHICH WOULD OTHERWISE BE LEVIED UPON PROPERTY WITHIN 'SAID THE CITY OF CHULA VISTA BY AND FOR THE METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA FOR THE FISCAL YEAR BEGINNING JULY 1, 1949, AND ENDING JUNE 30, 1950, AND PROVIDING ,FOR-THE PAYMENT THEREOF . WHEREAS, the Board of Directors of The Metropolitan Water District of Southern California has levied a tax of lb twenty-seven cents (27¢) upon each One Hundred Dollars ( 100.00) assessed valuation of taxable property within said District for the fiscal year beginning the 1st day of July, 1949, and ending the 30th dajr of June, 1950, 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, or 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 of eleven cents (11¢) upon each One Hundred Dollars ($10O.00Y-assessed valuation of taxable property within San Diego County Water Authority, as annexed to said District, for the said fiscal year for the purpose of raising the annual installment of the aggregate amount of $13,045,000, to be raised by means of thirty-(30) substantial equal annual levies within said San Diego County Water Author- ity, as prescribed by said Board 'of Directors of said District in fixing the terms and conditions for the annexation of the corporate area of said San Diego County Water Authority to said District, together with a tax of seven cents (7¢) upon -1- r 1 - �' each One Hundred Dollars ($100.00) assessed valuation of taxable property within said District for the said fiscal year for all other District purposes; and WHEREAS, the Council of the City of Chula, Vista pursuant to the provisions of Section $.2 of The Metropolitan Water District Act of the State of California did on December 7th, 1948, adopt its Resolution No. 990, wherein it declared the intention of The City of Chula Vista to pay out. of municipal funds all of the amount of said District' s taxes for the said fiscal year commencing July 1, 1949, and ending June 30, 1950, to be derived from the area of said District within said City, and WHEREAS, the County Auditor of the County of San Diego has certified to said District that the assessed valuation of property within said City of Chula Vista, taxable by said Dis- trict for said fiscal year, is the sum of $121735, 200; and WHEREAS, the amount of money to be derived from the area of said District lying within said . City of Chula Vista 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 on the said bonded indebtedness and the payment of the principal and interest on the aforesaid bonds is the sum of $34,433.12; and WHEREAS, the amount of money to be derived from the area of said District lying within said the City of Chula Vista by virtue of said tax levy by said District for said fiscal year for the aforesaid purpose of raising said second annual install- ment of said aggregate amount to be raised by means of' special tax levies within said San Diego County Water Authority, in accordance with the terms and conditions upon which the cor- porate area of said San Diego County Water Authority was an- nexed to Said District, is the sum of $14,104.89; and -2- WHEREAS, the amount of mohey to be derived from the area of said District lying within said the City of Chula Vista by virtue of said tax levy by said District for said fiscal year for the aforesaid all other District purposes, is the sum of $$,$66.55; 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 fiscal year upon taxable property within said District lying within said City; NOW, THEREFORE, BE IT RESOLVED AND ORDERED By the Council of the City of Chula Vista, as follows: That the said City Council hereby elects to pay out of municipal funds on hand the sum of 457,4O4.56, `as payment of the amount of tax which would otherwise be levied upon property within said The City of Chula Vista 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, 1949, and ending June 30, 1950, and the said sum of $57,404.56 hereby is appropriated from said municipal funds for the pur- pose 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 $57,404.56 shall be made in cash concurrently with the certification, of this order to the controller of said District and on or before the twenty-seventh day of August, 1949; and BE IT FURTHER RESOLVED AND ORDERED, That the City Clerk forthwith shall certify to the Controller of said District a copy of this Resolution and order, together with a statement -3- ,- 4 • y7 showing the financial, condition of the City of Chula Vista, the funds from which such payments shall be made, and the sources of revenue to be used therefor, which are required by law to be furnished to said District. ADOPTED, SIGNED AND APPROVED this 23rd day of August, 1949. Mayor of the -ty of Chula Vista, California. ATTEST. Ci y Cler of the' Pry of Chula Vista, California. STATE OF CALIFORNIA. COUNTY OF SAN _DIEGO- ss. CITY OF CHULA VISTA) I, HERBERT V. BRYANT, City Clerk of the City of'Chula Vista, California, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City Council of the said City and was approved by the Mayor ,of said City at a regular meeting of said Council held on the 23rd day of August, 1949, and that it was so adopted by the following votes: AYES: Councilmen Dyson,Kidder,KoeSter,RiesJ.andalasjiold. NOES: Councilmen 'gong). ABSENT: Councilmen . None. City Clerk of the 'tAf Chula Vista, Californ a. STATE OF CALIFORNIA) ' COUNTY OF SAN DIEGO) ss. CITY. OF CHULA VISTA) I, HERBERT V. BRYANT, City Clerk of the City of Chula Vista, California, DO HEREBY CERTIFY that the above and fore- going is a full) true and correct copy of Resolution No. . , and that the same has not been amendec3. or repealed. DATED: August , 1949. _L_ t;itv. .U. erv; or thee'G i fyror'