Res 05-074
RESOLUTION NO. 05-074
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA,
ESTIMATING THE AMOUNT NECESSARY TO BE RAISED FOR TAXATION
FOR THE FISCAL YEAR 2005-2006 FOR IMPROVEMENT DISTRICTS
OF THE CITY FORMERLY KNOWN AS POWAY MUNICIPAL WATER DISTRICT
WHEREAS, the terms and conditions of the Poway reorganization provided for
the City Council to "determine each year the amount of money needed to make annual
payments of the principal and interest of the outstanding voter-approved bonded
indebtedness of the improvement districts" and provide the information to the Board of
Supervisors.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway
as follows:
Section 1: Fund 6075-53 and Fund 6660-50 - Poway City, Poway Municipal
Water District, the combined sum of $262,000, a rate of 0.0069 each is required to be
raised by taxation for the purpose of payment of principal and interest on said bonds at
maturity for this fiscal year.
Section 2: The City Clerk is instructed to forward a certified copy of this
resolution to the Clerk of the Board of Supervisors of the County of San Diego and to
the Auditor of the County of San Diego, San Diego, California.
PASSED, ADOPTED AND APPROVED, by the City Council of the City of
Poway, California, at a regular meeting thereof this 2nd day of August 2005.
ATTEST:
t?I~~
Resolution No. 05-074
Page 2
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
I, L Diane Shea, City Clerk of the City of Poway, do hereby certify under penalty
of perjury that the foregoing Resolution No. 05-074 was duly adopted by the City
Council at a meeting of said City Council held on the 2nd day of August 2005, and that it
was so adopted by the following vote:
NOES:
BOYACK,REXFORD,CAFAGNA
NONE
AYES:
ABSENT:
DISQUALIFIED:
HIGGINSON, EMERY
NONE
X~
L Diane Shea, City Clerk
City of Poway