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RESOLUTION NO. 4225
A RESOLUTION AND ORDER OF THE CITY COUNCIL
OF THE CITY OF ARCADIA DECLARING ITS
INTENTION TO PAY 50% OF THE 1972-73
METROPOLITAN WATER DISTRICT TAX.
THE CITY COUNCIL OF THE CITY OF ARCADIA DOES HEREBY ORDER
AND RESOLVE AS FOLLOWS:
SECTION 1. That pursuant to the provJsions of the
Metropolitan Water District Act, the City Council hereby.,declares
its intention to payout of City funds 50% of the amount of taxes
to be derived from the area of The Metropolitan Water District of
Southern California within the City of Arcadia, as such amount
shall be fixed in August 1972 by resolution of the Board of
Directors of said District, and said City, pursuant to the provi-
sions of Section 336 of said Act, will elect to pay 50% of the
amount of taxes of said District to be derived from said City.
SECTION 2. That immediately upon the adoption hereof
and not later than 10 December 1971, the City Clerk shall file a
certified copy hereof with the controller of said District, with
the Los Angeles County Assessor and with the State Board of
Equalization.
SECTION 3. That concurrentlY.with the filing of a
certified copy hereof with said controller, said clerk shall
transmit to said controller a statement sh9wing said City's
financial condition as of the close of the 1970-71 fiscal year and
the funds from which it is intended that such payment will be made
,
and the source of revenue to be used therefor, including a
certification that such payment will not be made with ad valorem
property taxes.
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SECTION 4. That not l~ter than 15 December 1971 said
clerk shall file with said controller proof that a certified
copy hereof has been filed with said County assessor and the State
Board of Equalization, and that a s ta tement of the exis tence of
said City together with the legal description of the boundaries
thereof as they currently exist have previously been filed with
said assessor and said Board.
SECTION 5. The City Clerk shall certify to the adoption
of this resolution.
I HEREBY CERTIFY that the foregoing resolution was
adopted at a regular meeting of the City Council of the City of
Arcadia held on the 7th day of December
, 1971, by the
affirmative vote of at least three Councilmen, to wit:
AYES:
Councilmen Arth, Butterworth, Considine, Hage
and Helms
NOES:
None
ABSENT: None
~~~
City Clerk of the City of Arcadia
7~~
Clerk
SIGNED AND APPROVED this 7th
/:
Mayor
(SEAL).
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