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Res 87-068RESOLUTION NO. 87-068 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, ACCEPTING THE NEGOTIATED PROPERTY TAX EXCHANGE FROM THE SAN DIEGO COUNTY LIGHTING DISTRICT NO. 1 ON BEHALF OF THE POWAY CITY LIGHTING DISTRICT WHEREAS, on July 1, 1987, the Poway City Lighting District will assume responsibility for the maintenance of street lights within its boundaries; and WHEREAS, this service was previously provided by the San Diego County Lighting District No. 1; and WHEREAS, pursuant to Section 99 (b) of the California Revenue and Taxation Code, the Poway City Lighting District is entitled to a portion of the annual property tax. NOW, THEREFORE, the City Council of the City of Poway does resolve as follows: The City Council of the City of Poway, accepts the negotiated property tax exchange from the San Diego County Lighting Maintenance District No. 1, on behalf of the Poway City Lighting District. PASSED, ADOPTED AND APPROVED, by the City Council of the City of Poway, California, at a regular meeting thereof this 23rd day of June, 1987. ATT EST: Marjor!e K. Wahlsten, City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO I, Marjorie K. Wahlsten, City Clerk of the City of Poway, do hereby certify that the foregoing Resolution No. 87~68 was duly adopted by the City Council at a meeting of said City Council held on the 23rd day of June, 1987, and that it was so adopted by the following vote: AYES: BRANNON, EMERY, HIGGINSON, KRUSE, TARZY NOES: NONE ABSTAIN: NONE ABSENT: NONE Marjor~le K. Wahisten, City Clerk City of?oway R/RES/LIGHTS/CP§5