Resolution Number CVWD 87-7-21-1RESOLUTION NO. 87-7-21-1
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 1987-88.
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
$32,425.00, and the sum required for the General Reserves of said Bond Issue for the
period of July 1, 1988 through December 31, 1988 is $8,171.00; 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
1987-88 and the period of July 1, 1988 through December 31, 1988 be and is hereby
established at $40,596.00.
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 1987-88, 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 21st day of July 1987, by the following
vote, to -wit:
AYES: DIRECTORS: Bland, Buchheim, Friess
NOES: DIRECTORS: None
ABSENT: DIRECTORS: Hausdorfer, S rtz
ANTHONY L. AND
Chairman of tife Board of Directors
Capistrano Valley Water District
ATTEST:
erk o th Board
RESOLUTION NO. 87-7-21-1
CAPISTRANO VALLEY WATER DISTRICT
Page Two
CERTIFICATE
STATE OF CALIFORNIA)
: ss.
COUNTY OF ORANGE )
4 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 21st day of July 1987, at the hour of 6:30 p.m.
Clerk of the Board
CAPISTRANO VALLEY WATER DISTRICT
XOS
E B. LEMOR T
U
9
COUNTY OF ORANGE
SPECIAL DISTRICT BUDGET
CAPISTRANO VALLEY WATER DISTRICT
ZONE 29 SERIES "C" BONDS
FISCAL YEAR 1987-88
At a meeting held on July 21, 1987, the Board of Directors of the CAPISTRANO
VALLEY WATER DISTRICT duly adopted the budget (a copy of the Resolution is
enclosed), as shown in the enclosed schedules for the Fiscal Year 1987-88 in the amount
of $32,425.00.
BUDGET BALANCING ACCOUNT
Should any numbers listed on the enclosed forms be revised or updated, please indicate in
the space provided below, the account which may be adjusted to balance the total
requirements and the available financing.
ANTHONY L LAND, Chairman
ROSALEE B. OR , Clerk
ADDITIONAL INFORMATION REQUIRED
Time of Regular Board Meeting:
Directors:
Anthony L. Bland, Chairman
Lawrence F. Buchheim
Kenneth E. Friess
Gary L. Hausdorfer
Phillip R. Schwartze
General Manager:
Ray A. Auerbach
Mailing Address of District:
Post Office Box 967
San Juan Capistrano, CA 92693
6:30 p.m.
Clerk:
Rosalee B. Moret
Attorney:
James S. Okazaki
Auditors:
:Martin, Schoonover & Paddock
Person to Contact Regarding Budget..
John V. Postman, Controller
Telephone: (714) 493-1515