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RESOLUTION NO. 4512
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ARCADIA ELECTING TO PAY 50% OF
THE 1975-1976 TAXES LEVIED UPON PROPERTY
WITHIN THE CITY BY THE METROPOLITAN WATER
DISTRICT OF SOUTHERN CALIFORNIA.
WHEREAS, the City Council by Resolution No. 4462,
adopted November 19, 1974, declared its intention to pay 50% of
the 1975-1976 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 1975-1976 fiscal year in the amount of
$347,197.09;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF ARCADIA THAT:
SECTION 1. The Council orders payment of $173,598.55
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, 1975; said installments shall be made in accordance with
Resolution No. 7648 of the Board of Directors of the District as
follows:
On or before December 10, 1975, $104,159.13;
On or before May 10, 1976, $69,439.42.
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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
19th day of
August
, 1975, by the
affirmative vote of at least three Councilmen, to wit:
AYES:
Councilmen Lauber, Saelid, Scott and Gilb
NOES:
None
ABSENT:
Counci1~n He~ ~
. ;J. w-J
C~ty Cler of t e c'f{y of Arcad~a
SIGNED AND APPROVED this
19th day of August , 1975.
~r~
Mayor of the City of Arcadia
city Clerk
(SEAL)
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