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HomeMy WebLinkAbout6535 RESOLUTION NO. 6535 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, FIXING THE AMOUNT OF REVENUE REQUIRED TO BE RAISED FROM PROPERTY TAXES NECESSARY FOR FISCAL YEAR 2006-2007 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 1. The following is the amou11t of revenue necessary during the fiscal year 2006-2007 to pay the authorized maintenance, operating, and capital improvement costs of the specified Arcadia Consolidated Lighting Districts: District A $41,500 District B $95,300 District C $81,900 District D $75,400 District E $50,500 SECTION 2. The above lighting maintenance districts illuminate rights of way and therefore benefit streets. SECTION 3. The following is the amount of revenue necessary during fiscal year 2006-2007 to pay the authorized debt service on the Series A, 2001 Annual Obligation Bonds: $441,900. SECTION 4. The City Clerk shall certify to the adoption of this Resolution. Passed, approved and adopted this 15th day of August ,2006. Ma r of the City of Arcadia ATTEST: City Clerk of the City of Arcadia APPROVED AS TO FORM: ~D./~ Stephen P. Deitsch City Attorney 6535 2 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. 6535 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 15th day of August, 2006 and that said Resolution was adopted by the following vote, to wit: A YES: Council Member Amundson, Harbicht, Segal, Wuo and Chandler NOES: None ABSENT: None ity Clerk of the City of Arcadia 3 6535