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RESOLUTION NO. 4686
A RESOLUTION AND ORDER OF THE CITY COUNCIL
OF THE CITY OF ARCADIA DECLARING ITS INTENTION
TO PAY 50% OF THE 1978-1979 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 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, 1978, by resolution of the Board
,of Directors of said District, and said City, pursuant to the pro-
visions of Section 336 of said Act, will elect to pay fifty percent
(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 December 9, 1977, 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 transmit to said
Controller a statement showing said City's financial condition as of
the close of the 1976-1977 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.
SECTION 4. That not later than December 15, 1977, said
Clerk shall file with said Cohtroller proof that a certified copy
hereof has been filed with said County Assessor and the State Board
of Equalization and that a statement of the existence of said City
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4686
to~ether 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 eertify 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 6th day of December, 1977, by the affirmative vote of
at least three Council members, to wit:
AYES:
Council Members Gilb, Lauber, Margett, Parry
and Saelid
None
NOES:
ABSENT: None
~~
' Clty Clerk 0 he C ty of Arcadia
SIGNED AND APPROVED this 6th day of December, 1977.
ATTEST:
~~
Ci ty Clerk
(SEAL)
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1686