HomeMy WebLinkAbout1989-08-22; City Council; Resolution 89-312c e- *
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RESOLUTION NO. 89-312
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 1989-90
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 $98,969 will be necessary to fund
the Sewer Bond requirements for the 1989-90 fiscal year; and
WHEREAS, revenue of approximately $22,289 will be necessary to fund
the Library Bond requirements for the 1989-90 fiscal year;
NOW, THEREFORE, BE IT RESOLVED by the City Counci 1 of the City of
Carl sbad as foll ows:
Section 1 : The City Council of the City of Carlsbad, pursuant tc
Section 51508 of the Government Code of the State of California, does
hereby fix the amount of revenue from property taxes necessary to pay thc
bonded indebtedness of the "City of Carlsbad, 1962 Sewer Bonds, Series I
and C" for the fiscal year commencing July 1, 1989, and ending June 30
1990, to be in the amount of $98,969.
Section 2: The City Council of the City of Carlsbad, pursuant t
Section 51508 of the Government code of the State of California, doe
hereby fix the amount of revenue from property taxes necessary to pay tt
bonded indebtedness of the "City of Carlsbad, 1966 Library Bonds" for tt
fiscal year commencing July 1, 1989, and ending June 30, 1990, to be ir
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the amount of $22,289.
Section 3: That the total amount of revenue from property taxez
necessary for all purposes pursuant to Section 51508 of the Government
Code of the State of California, and of Sections 1 and 2 above iz
$121,258.
Section 4: The City Clerk shall certify to the passage of thi!
resolution and cause the same to be pub1 i shed, as required by Sectior
36936.1 of the Government Code, once within fifteen (15) days of it!
passage in a newspaper of general circulation.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Cit:
Council of the City of Carl sbad on the ~2nd day of August , 1989
by the following vote, to wit:
AYES: Council Members Lewis, Kulchin, Larson, Mamaux & Pett*
NOES: None
ABSENT: None
ATTEST:
ALWRAkNgN-,
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