Res 98-089RESOLUTION NO. 98- 089
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 1998-1999
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, THE CITY COUNCIL OF THE CITY OF POWAY DOES
HEREBY RESOLVE, ORDER AND DETERMINE AS FOLLOWS:
Section 1: Fund 6075-53 and Fund 6660-50 - Poway City, Poway Municipal Water
District, the combined sum of $390,000, a rate of 0.0183 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.
SectJoJ3J?.: 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 18th day of August, 1998.
Don Higginson, Mayo¢'--
ATTEST:
M~rjorie K. Wahl~-ten, ~;ity Clerk
Resolution No. 98-089
Page 2
STATE OF CALIFORNIA )
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. 98- 089 was duly adopted by the
City Council at a meeting of said City Council held on the 18th day of August, 1998, and
that it was so adopted by the following vote:
AYES: EMERY, GOLDBY, REXFORD, HIGGINSON
NOES: NONE
ABSTAIN: NONE
ABSENT: CAFAGNA
Matjorie K. Wahlsten, ~;ity Clerk ¢J
City of Poway
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