HomeMy WebLinkAbout1987-08-04; City Council; Resolution 91801
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RESOLUTION NO. 9180
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, By AND C," AND "1966 LIBRARY BONDS" FOR
FISCAL YEAR 1987-88.
WHEREAS, the City Council of the City of Carlsbad annually fixes the:.-:-
3mount of revenue required from property taxes to fund the City debt service
Eunds; and
WHEREAS, the annual revenue requirements within each bond fund are
iependent upon the beginning balance of each fund and the Debt Service payment
schedule for each bond issue; and
WHEREAS, revenue of approximately $90,403 will be necessary to fund the
Sewer Bond requirements for the 1987-88 fiscal year; and
WHEREAS, revenue of approximately $18,556 will be necessary to fund the
Library Bond requirements €or the 1987-88 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, 1962 Sewer Bonds, Series A, B, and C for the fiscal
year commencing July 1, 1987, and ending June 30, 1988, to be in the amount of
$90,403.
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, 1966 Library Bonds'' for the fiscal year commencing
July 1, 1987, and ending June 30, 1988, to be in the amount of $18,556.
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Section 3: That the total amount of revenue from property taxes
iecessary for all purposes pursuant to Section 51508 of the Government Code of
the State of California, and of Sections 1 and 2 above is $108,959.
Section 4: The City Clerk shall certify to the passage of this resolution
and cause the same to be published, as required by Section 36936.1 of the
Government Code, once within fifteen (15) days of its passage in a newspaper of
general circulation.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of
the City of Carlsbad on the 4 thday of August , 1987, by the
following vote, to wit:
AYES: Council Members Lewis, Kulchin, Pettine, Mamaux and Larson
NOES: "-E
ABSENT: None
ATTEST :
ALETHA L. RAU'fEN