Res 289RESOLUTION NO. 289
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF POWAY, CALIFORNIA
ESTIMATING THE AMOUNT NECESSARY TO BE RAISED BY TAXATION
FOR THE FISCAL YEAR 1982-1983
FOR IMPROVEMENT DISTRICTS OF THE CITY FORMERLY KNOWN AS
POWAY MUNICIPAL WATER DISTRICT, POMERADO COUNTY WATER DISTRICT,
AND ORCHARD 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, THE CITY COUNCIL OF THE CITY OF POWAY DOES HEREBY RESOLVE,
ORDER AND DETERMINE AS FOLLOWS:
Section 1: Fund 6075-52 - Poway Sewer Improvement District; Fund 6075-55
Poway City, Poway Municipal Water Improvement District 2; Fund 6075-56 Poway
City, Poway Municipal Water Improvement District 4, the sum of $0.00, a rate of
0% is required to be raised by taxation for the purpose of the payment of prin-
cipal and interest on outstanding bonds. Sufficient monies are available in
appropriated funds for the purpose of Debt Service for this fiscal year.
Section 2: Fund 6075-51 - Poway City, Orchard Improvement District the sum
of $9,000, a rate of 0.03169%, 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 3: Fund 6075-53 - Poway City, Poway Municipal Water District the
sum of $840,000, a rate of 0.09415%, 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 4: Fund 6075-54 - Poway City, Poway Municipal Water Improvement
District 1, the sum of $3,200, a rate of 0.01923%, 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.
RESOLUTION NO. 289
Page 2
Section 5: 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 A
California, at a regular
ATTEST:
?PROVED by the City Council of the City of Poway,
meeting thereof this 10th day of August, 1982.
Mary L.~Shepa~'dson, Mayor