Resolution Number CVWD 86-8-5-1RESOLUTION NO. 86-8-5-1
U
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 1986-87.
WHEREAS, the Capistrano Valley Water District has heretofore issued General
Obligation Bonds, Zone 2, Series "C", in the sum of $349,000.00; 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
$33,318.00, and the sum required for the General Reserves of said Bond Issue for the
period of July 1, 1987 through December 31, 1987 is $8,659.00; and
WHEREAS, the tax rate necessary to raise the aforesaid sum of money will be
calculated by the Orange County Assessor, in accordance with Sections 93(a) and 97.65
of the Revenue and Taxation Code.
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
1986-87 and for the period of July 1, 1987 through December 31, 1987 be and is hereby
established at $41,977.00.
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 1986-87, and to 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.
PASSED, APPROVED and ADOPTED this 5th day of August 1986, by the following
vote, to -wit:
AYES: DIRECTORS: Bland, Buchheim, Hausdorfer, Schwartze
NOES: DIRECTORS: None
ABSENT: DIRECTORS: Friess
of Directors "
rano Valley Water District
ATTEST:
615A of e d
RESOLUTION NO. 86-8-5-1
CAPISTRANO VALLEY WATER DISTRICT
Page Two
CERTIFICATE
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 5th day of August 1986, at the hour of 6:30 p.m.
Clerk of the Board
CAPISTRANO VALLEY WATER DISTRICT
ROSALEE . MORET