HomeMy WebLinkAbout1980-08-26; City Council; Resolution 62871
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RESOLUTION NO. 6287
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, FIXING THE AMOUNT OF REVENUE FROM PROPERTY TAXES NECESSARY TO PAY THE BONDED INDEBTEDNESS OF THE "1962 SEWER BONDS, SERIES A, B, AND C" AND "1966 LIBRARY BONDS" FOR FISCAL YEAR 1980-81.
WHEREAS, the City Council of the City of Carlsbad annually fix as the
amount of revenue required from property taxes to fund the City debt service
funds, and
WHEREAS, the annual revenue requirements within each bond fund are depend-
ent upon the beginning balance of each fund, and
WHEREAS, the beginning balance of the Library Bond fund is sufficient to
fund the Library Bond requirements during the 1980-81 fiscal year, and
WHEREAS, the beginning balance of the Sewer Bond fund is sufficient to
support a portion of the annual Debt Service requirement, and
WHEREAS, revenue of approximately $103,553 will be necessary to fund the
remaining Sewer Bond requirements for the 1980-81 fiscal year;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad
as follows:
Section 1: The City Council of the City of Carlsbad, pursuant to Section
51508 of the Government Code of the State of California, does hereby fix the
amount of revenue from property taxes necessary to pay the bonded indebtedness
of the "City of Carlsbad, 1966 Library Bonds" for the fiscal year comnencing
July 1, 1980, and ending June 30, 1981, be in the amount of $0.00.
Section 2: The City Council of the City of Carlsbad, pursuant to Section
51508 of the Government Code of the State of California, does hereby fix the
amount of revenue from property taxes necessary to pay the bonded indebtedness
of the "City of Carlsbad 1962 Sewer Bonds, Series A, By and C" for the fiscal
year commencing July 1, 1980, and ending June 30, 1981, to be in the amount of
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Section 3: That the total amount of revenue from property taxes necessary
r all purposes pursuant to Section 51508 of the Government Code of the State
' California, and of Sections 1 and 2 hereinabove is $103,958.
Section 4: The City Clerk shall certify to the passage of this resolution
d cause the same to be published, as required by Section 36936.1 of the Gov-
nment Code, once within fifteen (15) days of its passage in the Carlsbad
lurnal, a newspaper of general circulation printed and published in the City
.rl sbad.
adjourned PASSED, APPROVED AND ADOPTED AT a/ regular meeting of the City Council on
le 26th day of August, 1980, by the following vote, to wit:
AYES:
NOES:
Council Members Packard, Casler, Anear, Lewis and Kulchin
ABSENT: None
:TEST:
\LETHA L. RAUT
(SEAL)
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