Resolution Number CVWD 86-8-5-3RESOLUTION NO. 86-8-5-3
BUDGET FOR THE REDEMPTION OF BONDS
A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE CAPISTRANO VALLEY WATER DISTRICT
ADOPTING A BUDGET FOR THE REDEMPTION OF
GENERAL OBLIGATION BONDS FOR THE FISCAL
YEAR 1986-87
WHEREAS, the Capistrano Valley Water District has heretofore issued General
Obligation Bonds identified and referred to as:
1.
5611
1961 Construction
2.
5641
Zone 1, Series A do B
3.
5661
Zone 2
4.
5681
Zone 3, Series A, B, & C
WHEREAS, the amount of money required to be raised during the current fiscal
year for Bond Interest and Redemption for the aforesaid bonds is the total sum of
$222,290.00, allocated as follows:
1. 1961 Construction $140,425.00
2. Zone 1, Series A & F $ 20,950.00
3. Zone 2 $ 19,050.00
4. Zone 3 $41,865.00
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 Interest and
Redemption of the aforesaid General Obligation Bonds for the fiscal year 1986-87 is
hereby established at $222,290.00.
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 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:
NOES: DIRECTORS:
ABSENT: DIRECTORS:
Bland, Buchheim, Hausdorfer, Schwartze
None
Friess
i
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A E4o;6-
UAK L. KAU:jJJUKrJS11
of Directors
Capistrano Valley Water
Clerkge-Ed6aid
RESOLUTION NO. 86-8-5-3
CAPISTRANO VALLEY WATER DISTRICT
U Page Two
CERTIFICATE
STATE OF CALIFORNIA)
ss.
COUNTY OF ORANGE )
16 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
4R AEE . ORET