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HomeMy WebLinkAbout4158 o RESOLUTION NO. ~ <'//J7 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA ELECTING TO PAY 50% OF THE 1970-1971 TAXES LEVIED UPON PROPERTY WITHIN THE CITY BY THE METROPOLITAN WATER DISTRICT OF, SOUTHERN CALIFORNIA. ,WHEREAS, the City Council by Resolution No. 5005, adopted Deeember 2, 1969, declared its intention to pay 50% of the 1970-1971 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 1970-1971 fiscal year in the amount of $411,302.40; and NOW, 'l'HEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ARCADIA THAT: SECTION 1. The Couneil orders payment of $205,651.20 in installments, to the eontroller 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, 1970; said installments shall be made in accordance with the resolution of the Board of Direetors of the Distriet as follows: $123,390.72 on or before Deeember 10, 1970 $ 82,260.48 on or before May 10, 1971 SECTION 2. That the City Clerk of the City of Arcadia immediately shall eertify to the controller of said District two eopies of this resolution. -1- ~~ 0/.J]?' , I HEREBY CERTIFY that the foregoing resolution was adopted at an adjourned regular meeting of the City Council of the City of Arcadia held on the 26th day of August, 1970, by the affirmative vote of at least three Councilmen, to wit: AYES: Councilmen Arth, Considine, Hage, Helms, and Butterworth NOES: None ABSENT: None ~~-k7x~ City Clerk of the City of Arcadia SIGNED AND APPROVED this ~ 1 Y of Arcad a ~,. J/ ~~4 ity Clerk (SEAL) -2- ~ ~/~