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HomeMy WebLinkAbout1987-08-04; City Council; Resolution 91801 2 3 4 5 6 1 E s 1( 11 1; 1: 11 l! It 1' 11 l! 2( 2: 2; 2 2' 2 2 2 2 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. I// 4 I I 1 2 3 4 5 6 7 E s 1C 11 1: 1: 11 If It 1' 1t l! 2( 2: 2; 2: 2' 2 2 2 2 m 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