HomeMy WebLinkAbout1991-08-06; City Council; Resolution 91-248PA.
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RESOLUTION NO. 9 1 - 2 4 8
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 B AND C," AND "1966 LIBRARY
BONDS" FOR FISCAL YEAR 1991-92
WHEREAS, the City Council of the City of Carlsbad annually fixes 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
dependent upon the beginning balance of each fund and the Debt Service
payment schedule for each bond issue; and
WHEREAS, revenue of approximately $16,933 will be necessary to fund
the Sewer Bond requirements for the 1991-92 fiscal year; and
WHEREAS, revenue of approximately $9,007 will be necessary to fund the
Library Bond requirements for the 1991-92 fiscal year;
WHEREAS, unknown deficit or surplus funds may result from tax revenues
collected for Sewer and Library Bond requirements;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Carlsbad as follows:
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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 B and C" for the fiscal year
commencing July 1, 1991, and ending June 30, 1992, to be in the amount of
$16,933.
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, 1991, and ending June 30, 1992, to be in the amount of $9,007.
Section 3: That the total amount of revenue from property taxes necessary
for all purposes pursuant to Section 51508 of the Government Code of the State
of California, and of Sections 1 and 2 above is $25,940.
Section 4: Upon final payment of debt service requirements, the Finance
Director is directed to transfer any surplus on deficiency of funds to the General
Fund.
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Section 5: 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
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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 6th day of August , 1991,
by the following vote, to wit:
AYES: Council Members Lewis, Kulchin, Larson and Stanton
NOES: None
ABSENT: Council Membe
ATTEST:
f!%?kiuT:rn%& c
(SEAL)