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HomeMy WebLinkAbout6689RESOLUTION NO. 6689 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DETERMINING THE AMOUNT OF REVENUE REQUIRED TO BE RAISED FROM PROPERTY TAXES NECESSARY FOR FISCAL YEAR 2009-2010 TO PAY FOR THE DEBT SERVICES ON THE CITY'S GENERAL OBLIGATION BONDS AND THE FOR AUTHORIZED MAINTENANCE AND OPERATING COSTS OF THE 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 2009-2010 to pay the authorized maintenance, operating, and capital improvement costs of the specified Arcadia Consolidated Lighting Districts: District A $51,000 District B $85,000 District C $168,000 District D $271000 District E $77,000 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 2009-2010 to pay for the authorized debt service on the Series A, 2001 General Obligation Bonds: $514,066. SECTION 4. The City Clerk shall certify to the adoption of this Resolution. Passed, approved and adopted this 18th day of August , 2009. of the City of Arcadia ATTEST: City Clerk APPROVED AS TO FORM: Stephen P. Deitsch City Attorney 6689 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. 6689 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 18th day of August, 2009 and that said Resolution was adopted by the following vote, to wit: AYES: Council Member Amundson, Chandler, Harbicht, Kovacic and Wuo NOES: None ABSENT: None f' City Clerk of the City of Arcadia 3 6689