Resolution Number CVWD 86-8-5-2t J RESOLUTION NO. 86-8-5-2
BUDGET - 1972 GENERAL OBLIGATION WATER BONDS
A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE CAPISTRANO VALLEY WATER DISTRICT
ADOPTING A BUDGET FOR THE REDEMPTION OF
1972 GENERAL OBLIGATION WATER BONDS FOR
FISCAL YEAR 1986-87.
WHEREAS, the Capistrano Valley Water District has heretofore issued 1972
General Obligation Water Bonds in the sum of $700,000.00; and
WHEREAS, a specific tax rate is desired for voter approved indebtedness tax rates
authorized by Revenue and Taxation Code Section 93(a); and
WHEREAS, the amount of money required to be raised during the 1986-87 fiscal
year for Bond Interest and Redemption for the 1972 General Obligation Water Bonds is
the sum of $50,743.00; 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 1972 General Obligation Water Bonds for the fiscal year
1986-87 be and is hereby established at $50,743.00.
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 1972
General Obligation Water Bonds 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
A L. HAUSDORFER, ChWiffian Pro Tem
ftu'd of Directors
Capistrano Valley Water District
ATTEST:
C erk o the Boa
RESOLUTION NO. 86-8-5-2
CAPISTRANO VALLEY WATER DISTRICT
Page Two
CERTIFICATE
STATE OF CALIFORNIA)
: ss.
COUNTY OF ORANGE )
1, 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
CATRANO VALLEY WATER DISTRICT
ROSALEE B MO E