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RESOLUTION NO. 4570
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ARCADIA ELECTING TO PAY 50% OF
THE 1976-1977 TAXES LEVIED UPON PROPERTY
WITHIN THE CITY BY THE METROPOLITAN WATER
DISTRICT OF SOUTHERN CALIFORNIA
WHEREAS, the City Council by Resolution No. 4535,
adopted December 2, 1975, declared its intention to pay 50%
of the 1976-1977 tax to be levied on property within the City
of Arcadia by the Metropolitan Water District of Southern
California; and
WHEREAS, said District has levied a tax (net) on said
property for the 1976-1977 fiscal year in the amount of
$443,363.43.
,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF ARCADIA THAT: '
SECTION 1. The Council orders payment of $22l,681.73
in installments to the controller of the Metropolitan Water
District of Southern California out of municipal funds of the
City of Arcadia, to wit, the Water Fund, as payment of 50% of
the amount of the tax which would otherwise be levied upon
property within the City by the District for the fiscal year
commencing July 1, 1976; said installments shall be made in
accordance with Resolution No. 7681 of the Board of Directors
of the District as follows:
On or before December 10, 1976, $133,009.03
On or before May 10, 1977, $88,672.70
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SECTION 2. The City Clerk of the City of Arcadia
immediately shall file with the controller of said District two
certified copies 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 23rd
day of
August
, 1976, by the affir-
mative vote of at least three Councilmen, to wit:
AYES:
Councilmen Gilb, Parry, Saelid and Lauber
NOES:
None
ABSENT:
Councilman
Mai~~~
~ ty< r ~ e C~ ty of Arcad~a
SIGNED AND APPROVED this 23rd day of August
, 1976.
~ &~~~
Mayor of the City of rcadia
A~EST, . ~~
~~)-
City Clerk
(SEAL)
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4570