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HomeMy WebLinkAbout2539 . RESOLUTION NO. 2539 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, A}reNDING RESOLUTION NO. 2531 THE CITY COUNCIL OF THE CITY OF ARCADIA, CPL IFORNIA, DOES DETERMINE AND RESOLVE AS FOLLOWS: SECTION 1. That the estimated expense of maintenance . and operation of Lighting Maintenance District No. 7 for the current fiscal year was heretofore estimated and determined to be $$2222.52 and the rate of taxes necessary to be levied for the fiscal year 1954-1955 for defraying such expense was accordingly fixed at the rate of $1.62227 for District No.7. That subsequent to such deter- mination, the City Engineer has reported that, due to a revision of applicable public utility regulations, the estimated expense of maintenance and operation of Lighting Maintenance District No. 7 . for the fiscal year 1954-1955 has been reduced to $1105.54, one-half of which, to-wit, the sum of 0552.77, is to be assessed against the property in said District No.7. That a tax rate of ~.40348 levied for the fiscal year 1954-1955 is sufficient to defray such expense of maintenance and operation of Lighting Maintenance District No.7. That the levy and collection of the rate heretofore established will r~sult in the collection of an amount far in excess of the cost of . maintenance and operation of said District No. 7 and such excess amount will be unusable for any other purposes. That for the foregoing reasons, it is necessary and advisable that the rate of taxes for the current fiscal year for Lighting Maintenance District No. 7 be reduced as hereinafter provided. SECTION 2. That City Council does hereby determine that the estimated expense of maintenance and operation of Lighting Maintenance District No. 7 for the fiscal year 1954-1955 is 01105.54; . - 1 - 2539 . that one-half thereof, to-wit, the sum of $552.77, is to be assessed against the taxable land in said Maintenance District No.7, and that the tax rate of ~.40348 is necessary and sufficient to be levied tor the fiscal year 1954-1955 for defraying such expense of maintenance and operation of said Lighting Maintenance District No.7. SECTION}. That Resolution No. 2531 entitled "A RESOLUTION OF THE CITY OF ARCADIA FIXING THE TAX LEVY FOR MUNICIPAL PURPOSES FOR . THE FISCAL YEAR 1954-55 UPON ALL THE TAXABLE PROPERTY IN THE CITY OF' ARCADIA", adopted August 17. 1954, be and the same is hereby amended by amending Section 1 thereof in the following particular only, to- wit: By amending the rate of tax necessary to be levied for the fiscal year 1954-1955 for defraying the expense of maintenance and operation of Lighting Maintenance District No. 7 from the sum of $1.6227 to $.40348. . SECTION 4. The City Clerk shall certify to the adoption of this Resolution and shall cause the tax rate for Lighting Mainte- nance District Yo. 7 to be amended accordingly. I HER3BY CERTIFY that the foregoing Resolution was adopted at a regular meeting of the City Council of the City of Arcadia, held on the 21st day of September, 1954. by the affirmative vote of at least three Councilmen, to-wit: AYES: Councilmen Camphouse, Dennis. Hulse and Phillips NOES: None ABSENT: Councilman Dew . /~~ City Clerk of the City of Arcadia SIGI{ED AND APPROVED this 21st day of September, 1954. ATTEST: . ~~ City Clerk - 2 - 2539