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HomeMy WebLinkAbout6639RESOLUTION NO. 6639 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 2008-2009 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. That the following is the amount of revenue necessary during the fiscal year 2008-2009 to pay the authorized maintenance, operating, and capital improvement costs of the specified Arcadia Consolidated Lighting Districts: District A $40,000 District B $79,000 District C $110,000 District D $68,000 District E $78,000 SECTION 2. That the above Lighting Districts illuminate rights of way and therefore benefit streets. SECTION 3. That the following is the amount of revenue necessary during fiscal year 2008-2009 to pay the authorized debt service on the Series A, 2001 General Obligation Bonds: $525,266. SECTION 4. The City Clerk shall certify to the adoption of this Resolution. Passed, approved and adopted this 19th day of August, 2008. ~~~~u~ Mayor of the City of Arcadia ATTEST: ity Clerk APPROVED AS TO FORM: 5~~ ~ Tat`ti/~r.~ Stephen P. Deitsch City Attorney 2 6639 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. 6639 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 19th day of August, 2008 and that said Resolution was adopted by the following vote, to wit: AYES: Council Member Amundson, Chandler Kovacic, Wuo and Harbicht NOES: None ABSENT: None ty Clerk of the City of Arcadia 3 6639