HomeMy WebLinkAbout4591
RESOLUTION NO. 4591
A 'RESOLUTION AND ORDER OF THE CITY COUNCIL
OF THE CITY OF ARCADIA DECLARING ITS INTENTION
TO PAY 50% OF THE 1977-1978 METROPOLITAN WATER
DISTRICT TAX
THE CITY COUNCIL OF THE CITY OF ARCADIA DOES HEREBY ORDER
AND RESOLVE AS FOLLOWS:
SECTION I. That pursuant to the provisions of the Metro-
politan Water District Act, the City Council hereby declares its
intention to payout of City funds fifty percent (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, 1977 by resolution of the Board of
Directors of said District, and said City, pursuant to the provisions
of Section 336 of said Act, will elect to pay fifty percent (50%) of
the amount of taxes of said District to be derived ~rom said City.
SECTION 2. That immediately upon the adoption hereof and
not later than December 10, 1976, the City Clerk shall file a certi-
fied 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 ~ransmit to said
Controller a statement showing said City's financial condition as of
-l-
4591
the close of the 1975-1976 fiscal year and the funds from which it is
intended that such payment will be made and the sourc'e of revenue to
be used therefor, including a certification that such payment will not
be made with ad valorem property taxes.
SECTION 4. That not later than December IS, 1976, 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 Equali-
zation and that a statement of the existence 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, 1976, by the affirmative,v'ote of at least three
Council members, to wit:
AYES: Councilmen Gilb, Margett, Parry, Saelid and Lauber
NOES: None
,ABSENT: None
~d-' ~~
~ty Clerk of the ~ty of Arcad~a
-2- ,
4591
SIGNED AND APPROVED this 7th
day of December
, 1976.
~, ~~~e,
... , ~ ~
Mayor of t e City 0 Arcad~a
ATTEST:
{!/~~~
City Clerk
(SEAL)
-3-
4591