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HomeMy WebLinkAbout4535 RESOLUTION NO. 4535 A ImSOLUTION AND ORDER OF THE CITY COUNCIL OF THE CITY OF ARCADIA DECLARING ITS INTENTION TO PAY 50% OF THE 1976-77 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 MetropOlitan Water District Act, the City Council hereby declares its intention to payout of City funds fifty per- cent (50%) of the amount of taxes to be derived from the area of ~'he Metropolitan Water District of Southern California within the City of Arcadia, as such amount shall be fixed in August, 1976 by resolution of the Board of Directors of said District, and said City, pursuant to the provi.sions 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 10, 1975, the City Clerk shall file a certified 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 - 1 - 4535 financial condition as of the close of the 1974-75 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, 1975, 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 Equalization and that a statement of the existence of said City together with the legal descrip- tion 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 Arcadi.a held on the 2nd day of December, 1975, by the affirmati.ve vote of at least three Council members, to wit: AYES: Councilmen Helms, Lauber, Saelid and Gilb NOES: None ABSENT: Co=cilm.n 'coct . ~ ~ ~. C~ ty ~ t e C ty 0 Arca ~a ~ SIGNED AND APPROVED this ATTEST: -?4, ~ &1(1/J~ C~ty ler (SEAL) - 2 - 4535