Res 86-094i~SOLUI~f~ NO. 86-094
A RESOLUTICN OF THE CITY CO3NCIL
~F ~HE CITY OF POWAY, C~T.T~Y)RNIA,
BY TAXATI~ FOR THE FISCAL YEAR 1986-1987
FOR IMP~ DISTRIC'PS OF THE CITY
FOiRMERLY KNC~ AS P(Y~I~f I~b/qICIPAL ~ DISTRICT
AND ~ CO3NTY ~TER DISTRICT
~AS, the terms and conditions of the Powmy Reorganization provided for
the City Council to "determine each y~r the amount of money n~ed to make
annual payments of the principal and interest of the outstanding voter-approved
bonded indebt~ness of the improv~ent districts" and provide the information to
the Board of Supervisors.
NOW, THEREFORE, ~HE CITY CO3NCIL OF ~ CITY OF 1K~IAY DOES HEREI~Y F~I~OLVE,
f~DER AND DETERMINE AS FO~:
Section 1: Fund 6075-52 - Poway Sewer Improvel~e~nt District, and sLm~ $165,000, a
rate of 0.01664 is required for principal and interest; Fund 6075-55 - Po~ay
City, Poway Municipal Water Improvement District 2, the sum of $0.00, a rate of
0 percent is required to be raised by taxation for the purpose of the payment
for payment of principal aD~l interest on outstanding bonds; Fund 6075-56 - Poway
City, Pow~y Municipal Water Improvenent District 4, the sum of $0.00, a rate of
0 percent is required to be raised by ~mwation for the purpose of the payment of
principal and interest on outs~nding bo~. Sufficient monies are available in
appropriated fu~d~ for the purpose of Debt Service for this fiscal y~r.
Section 2: Fund 6075-53 and Fund 6660-50 - Poway City, Poway Municipal Water
District the cc~bined sum of $1,068,892, a rate of 0.09022 each is required to
be raised by taxation for the purpose of palanent of principal and interest on
said bonds at mturity for this fiscal year.
Section 3: Fund 6075-54 - Poway City, Pow~y Municipal Water Improvement
District 1, the sum of $0.00, a rate of 0 percent is required to be raised by
~m~tion for the purpose of payment of principal and interest on said bonds at
mturity for this fiscal y~r.
Section 4: 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 ~itor of the County of San Diego, San Diego, California.
PASSED, ADOPI~D AND APPROVED, by the Cit~C~puncil of the City of Powmy,
California, at a re~lmr meeting thereof this~9th/day of August, 1986.
Carl R. Kruse, Mayor
Marjorie K. Wahlsten, City Clerk