Res 90-174RESOLUTION NO. go-174
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 1990-1991
FOR IMPROVEMENT DISTRICTS OF THE CITY
FORMERLY KNOWN AS POWAY MUNICIPAL WATER DISTRICT
AND POMERADO COUNTY 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 HERERBY RESOLVE,
ORDER AND DETERMINE AS FOLLOWS:
Section 1: Fund 6075-52 - Poway Sewer Improvement District, the sum of $146,000,
a rate of 0.01122 is required for principal and interest; Fund 6D75-55 - Poway
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 payment of
principal and interest on outstanding bonds; Fund 6075-56 - Poway City, Poway
Municipal Water Improvement District 4, the sum of $0.00, a rate of 0 percent is
required to be raised by taxation for the purpose of the payment of principal
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 6075-53 and Fund 6660-50 - Poway City, Poway Municipal Water
District the combined sum of $1,088,843, a rate of 0.06651 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 3: Fund 6075-54 Poway City, Poway Municipal Water Improvement
District 1, the sum of $0.00, a rate of D percent 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: 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.
R/Estimatel-2/CP12
~esolution No. go-174
Page 2
PASSED, ADOPTED AND APPROVED, by the City Council of the City of Poway,
California, at a regular meeting thereof this 28th day of August, 1990.
Don Higginso'n;
ATT EST:
~~ah l~sten~?~ e rk
STATE OF CALIFORNIA )
) SS.
COUNTY OF SAN DIEGO )
I, Marjorie K. Wahlsten, City Clerk of the City of Poway, do hereby certify
under penalty of perjury that the foregoing Resolution No. 90-174 was duly
adopted by the City Council at a meeting of said City Council held on the 28th
day of August, 1990, and that it was so adopted by the following vote:
AYES: BRANNON, EMERY, GOLDSMITH, KRUSE, HIGGINSON
NOES: NONE
ABSTAIN:NONE
ABSENT: NONE
Marjor~e ~. Wahlsten, City Clerk
City oi~way