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HomeMy WebLinkAbout4087 o 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. -1- 4087 , 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) -2- 4087