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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.
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,
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
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City Clerk of the City of Arcadia
SIGNED AND APPROVED this
~
1 Y of Arcad a
~,. J/
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ity Clerk
(SEAL)
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