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RESOLUTION NO. 4087
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ARCADIA ELECTING TO PAY
50~ OF THE 1969-1970 TAXES LEVIED
UPON PROPERTY WITHIN THE CITY. BY THE
METROPOLITAN WATER DISTRICT OF
SOUTHERN CALIFORNIA.
WHEREAS, the City Council by Resolution No. 4044, adopted
December 3, 1968, declared its intention to pay 50% of the 1969-1970
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 on said property
for the 1969-1970 fiscal year in the amount of $436,023.99.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE .CITY OF ARCADIA THAT:
SECTION 1. The Council orders p~yment of $218,012.00, 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, 1969; said
installments shall be made in accordance with the resolution of the
Board.of Directors of the District as follows:
$ NONE on or before August 27, 1969.
$130,807.20 on or before December 10, 1969.
$ 87,204.80 on or before May 8, 1970.
SECTION 2: That the City Clerk of the City of Arcadia
immediately shall certify to the controller of said District two
copies of this Resolution, together with the financial statement
which is required by law to be furnished to said District.
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4087
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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, 1969, by the affirmative vote of
at least three Councilmen, to wit:
AYES: Councilmen Butterworth Hage, Helms and Arth
NOES: Councilman Considine
ABSENT: None
~~~f)t~y?kC:iliL?~
SIGNED AND APPROVED this 19th day of August, 1969.
Mayor of the City of Arcadia
ATTEST:
~~.Z77~~
City ~
(SEAL)
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4087