HomeMy WebLinkAbout0879
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RESOLUTION NO. 879
A RESOIDTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA
FIXING THE TAX LEVY FOR MUNICIPAL PURPOSES FOR THE FISCAL YEAR
1937-38, AND ALSO LEVYING A SPECIAL ASSESS1ffiNT TAX UPON THE LANDS
(NOT INCLUDING THE IMPROVE1ffiNTS THEREON) IN ACQUISITION AND IM-
PROVE1ffiNT DISTRICT NO.1 OF SAID CITY OF ARCADIA FOR THE FISCAL
YEAR 1937.,.38.
THE CITY' COUNCIL OF THE CITY OF ARCADIA DOES RESOLVE AS
FOLLOWS:
That there shall be and there is hereby levied for the
fiscal year 1937-38 upon each one hundred dollars ($100.00) worth
of the assessed valuation of taxable property within said City of
Arcadia (provided, that the property annexed to the City of Arcadia
by the election held April 14, 1936, and fully described in the
annexation proceedings, shall not be assessed to pay any part of
the principal or interest on outstanding bonds), a tax as follows:
For all lnunicipal purposes, exclusive of the payment of
taxes for Public Library purposes and of the' payment of the prin-
cipal and interest on the Bonded Indebtedness of said City of
For the purpose of supporting and defraying the expense
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Arcadia, as hereinafter specified, the sum of One ($1.00) Dollar.
of the Public LibrElry of said City of Arcadia, the sum of five
(~ .05) cents.
For the purpose of the payment of principal of "Arcadia
Water Bonds, 1914, Interest and Sinking Fund", 1ihe sum of
((~ .08) cents.
For the ~~rpose of the payment of the principal and
interest of "Arcadia Street Bonds, 1914, Interest and Sinking
Fund", the sum of eight (~ .08) cents.
For the purpose of the payment of principal of "Arcadia
Water Bonds, 1919, Interest and Sinking Fund", the sum of seven
($ .07) cents.
For the purpose of the payment of principal and interest
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of "Arcadia Street Bonds, 1924, Interest and Sinking Fund", the
sum of eighteen ((~ .18) cents.
For the purpose of the payment of principal and interest
of "Arcadia Water Bond, 1927, Interest and Sinking Fund", the sum
of nineteen (~ .19) cents.
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For the purpose of the payment of principal and interest
of "Arcadia Public Library Bonds, 1929, Interest and Sinking Fund",
the sum of five ($ .05) cents.
That pursuant to the provisions of Section 41 of "Ac-
quisition and Improvement Act of 1925", and for the purpose of
providing for the payment of the sum of $ 2.826.65
, which said
sum said City Council hereby finds and determines to be the amount
of money necessary to be levied against and upon all the lands
within ACQUISITION AND IMPROVEMENT DISTRICT NO.1 of said City of
Arcadia (including any land which is the operative property of any
Public Utility), according to the assessed valuation of said lands,
exclusive of any improvements thereon, to pay all the principal
which has become or will become due and all interest which has be-
come or will become payable on the Bonds issued under the proceedings
had in the matter of said Acquisition and Improvement District No.1
before the proceeds of another levy of taxes to be collected for
General ~;unicipal purposes can be made available for the payment of
said principal and interest, there is hereby levied upon each
0100.00 worth of the assessed valuation of lands within each and
every Zone in said Acquisition and Improvement District No.1, ex-
clu'sive of any improvements thereon, a Special Assessment Tax as
follows:
(Assessment Tax as follows:)
Zone.IIAII -
Zone "B" -
Zone "c" -
Zone IIDfI _
Zone "E" -
Zone "F" -
Zone "G" -
Zone "H" -
Zone "JIl
$8.92
8.07
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and said Special Assessment Tax when collected shall be deposited
in a Special Fund to be 'named "Acquisition and Improvement District
No.1 of the City of Arcadia, I~terest and Sinking Fund".
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 September
, 1937, by the affirmative vote of
at least three councilmen, to-wi~:
. AYES:
Councilmen, Griffitts, Hoffman, Hudson and McLean
NOES:
None
ABSENT: Councilman Corby
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And signed and approved this 7th day of
September
, 1937.
AT1'EST:
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RESOLUTION
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879
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