HomeMy WebLinkAbout6734RESOLUTION NO. 6734
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARCADIA, CALIFORNIA, DETERMINING THE AMOUNT
OF REVENUE TO BE RAISED FROM PROPERTY TAXES
FOR FISCAL YEAR 2010 -2011 TO PAY FOR THE DEBT
SERVICES ON THE CITY'S GENERAL OBLIGATION
BONDS
WHEREAS, City of Arcadia voters approved the issuance of a General
Obligation Bonds in the principal of $8 million for the construction of a police facility in a
special election held on November 2, 1999. Property taxes are to be raised to pay for
the debt services of the indebtedness through tax levy.
NOW, THEREFORE, 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 fiscal
year 2010 -2011 to pay for the authorized debt service on the Series A, 2001 General
Obligation Bonds: $505,547.
SECTION 2. The City Clerk shall certify to the adoption of this Resolution.
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ATTEST:
Passed, approved and adopted this 17th day of August, 2010.
ity Clerk
APPROVED AS TO FORM:
Stephbn P. Deitsch
City Attorney
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Mayor of the City of Arcadia
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. 6734 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 17th day of August, 2010 and that said Resolution
was adopted by the following vote, to wit:
AYES: Council Member Chandler, Harbicht, and Segal
NOES: None
ABSENT: Council Member Amundson and Kovacic
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City Clerk of the City of Arcadia