Resolution Number CVWD 85-8-6-1RESOLUTION NO. 85-8-6-1
BUDGET - ZONE 2, SERIES "C" BONDS
A RESOLUTION OF THE BOARD OF
DIRECTORS OF THE CAPISTRANO VALLEY
WATER DISTRICT ADOPTING A BUDGET FOR
THE REDEMPTION OF GENERAL OBLIGATION
BONDS, ZONE 2, SERIES "C", FOR THE FISCAL
YEAR 1985-86.
WHEREAS, the Capistrano Valley Water District has heretofore issued General
Obligation Bonds, Zone 2, Series "C", in the sum of $349,000; and
WHEREAS, the amount of money required to be raised during the fiscal year for
Bond Interest and Redemption for the Zone 2, Series "C", Bond Issue is the sum of
$28,942, and the sum required for the General Reserves of said Bond Issue for the period
of July 1, 1986 through December 31, 1986 is $9,146; and
WHEREAS, the tax rate necessary to raise the aforesaid sum of money will be
calculated by the Orange County Assessor.
NOW, THEREFORE, BE IT RESOLVED that the Budget for the redemption and
interest of the aforesaid General Obligation Bonds, Zone 2, Series "C", for the fiscal year
1985-86 and for the period of July 1, 1986 through December 31, 1986 be and is hereby
established at $38,089.
BE IT FURTHER RESOLVED that the Orange County Assessor be and he is hereby
authorized and directed to calculate the tax rate, in accordance with Sections 93(a) and
97.65 of the Revenue and Taxation Code, for the redemption of the aforesaid General
Obligation Bonds, Zone 2, Series "C", for the fiscal year 1985-86 and enter such rate on
the records of the Orange County Assessor and the Capistrano Valley Water District.
BE IT FURTHER RESOLVED that the Clerk of the Board shall be and he is hereby
authorized and directed to forward a copy of this Resolution to the Orange County
Auditor -Controller.
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RESOLUTION NO. 85-8-6-1
CAPISTRANO VALLEY WATER DISTRICT
Page Two
PASSED, APPROVED and ADOPTED this 6th day of August, 1985, by the following
vote, to -wit:
AYES: DIRECTORS: Bland, Buchheim, Hausdorfer, and Schwartze
NOES: DIRECTORS: None
ABSENT: DIRECTORS: Friess
' t
PHILLIP Jr. SCHWARTZE
Chairman of the Board of Directors
Capistrano Valley Water District
ATTEST:
E. PHII,LIP HAL Clerk of the Board
STATE OF CALIFORNIA)
: ss.
COUNTY OF ORANGE )
I, Clerk of the Board of Directors of the Capistrano Valley Water District, do
hereby certify and declare that the above and foregoing Resolution was duly adopted by
the unanimous vote of all members of the Board of directors present and voting at a
regular meeting thereof held on the 6th day of August, 1985, at the hour of 6:30 p.m.
Clerk of the Board
CAPISTRANO VALLEY WATER DISTRICT
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