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HomeMy WebLinkAbout6783 RESOLUTION NO. 6783 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DETERMINING THE AMOUNT OF REVENUE TO BE RAISED FROM PROPERTY TAXES FOR FISCAL YEAR 2011-2012 TO PAY FOR THE DEBT SERVICE ON THE 2001 GENERAL OBLIGATION BONDS WHEREAS, City of Arcadia voters approved the issuance of General Obligation Bonds in the principal amount of$8 million for the construction of a police facility in a special election held on November 2, 1999, and property taxes are to be raised to pay for the debt service on the indebtedness through tax levy. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS: SECTION 1. That the following is the amount of revenue necessary during fiscal year 2011-2012 to pay for the authorized debt service on the Series A, 2001 General Obligation Bonds: $518,758. SECTION 2. The City Clerk shall certify to the adoption of this Resolution. Passed, approved and adopted this 16th day of August, 2011. I t. / • /k'. r� yor :_he City .f A rcadia ATTEST: y Clerk APPROVED AS TO FORM: Stephen P. Deitsch City Attorney STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS: CITY OF ARCADIA ) I, JAMES H. BARROWS, City Clerk of the City of Arcadia, hereby certifies that the foregoing Resolution No. 6783 was passed and adopted by the City Council of the City of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said Council held on the 16th day of August, 2011 and that said Resolution was adopted by the following vote, to wit: AYES: Council Members Amundson, Chandler, Harbicht, Segal and Kovacic NOES: None ABSENT: None ity Clerk of the City of Arcadia 2