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HomeMy WebLinkAbout6482 RESOLUTION NO. 6482 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, FIXING THE AMOUNT OF REVENUE REQUIRED TO BE RAISED FROM PROPERTY TAXES NESESSARY FOR FISCAL YEAR 2005-2006 TO PAY THE DEBT SERVICE ON THE GENERAL OBLIGATION BONDS AND THE AUTHORIZED MAINTENANCE AND OPERATING COSTS OF THE CITY LIGHTING DISTRICTS THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS: SECTION I. That the following is the amount of revenue necessary during the fiscal year 2005-2006 to pay the authorized maintenance, operating, and capital improvement costs of the specified Arcadia Consolidated Lighting Districts: District A $42,000 District B $65,000 District C $104,000 District D $150,000 District E $57,000 SECTION 2. That the above lighting maintenance districts illuminate rights of way and therefore benefit streets. SECTION 3. That the following is the amount ofrevenue necessary during fiscal year 2005-2006 to pay the authorized debt service on the Series A, 200 I Annual Obligation Bonds: $49 I ,000. SECTION 4, The City Clerk shall certify to the adoption of this Resolution. Passed, approved and adopted this 16 th' day of Augus t ATTEST: APPROVED AS TO FORM: ~P.~ Stephen P. Deitsch City Attorney ,2005. -2- 6482 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS: CITY OF ARCADIA ) I, JAMES H. BARROWS, City Clerk of the City of Arcadia, hereby certifies that the foregoing Resolution No, 6482 was passed and adopted by the City Council of the City of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said Council held on the 16th day of August, 2005 and that said Resolution was adopted by the foIlowing vote, to wit: A YES: Council Member Chandler, Kovacic, MarshaIl, Segal and Wuo NOES: None ABSENT: None :<::: City Clerk of the City of Arcadia 3 6482