Resolution Number CVWD 88-7-19-2U
U
RESOLUTION NO. 88-7-19-2
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 1988-89
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 1988-89 fiscal
year for Bond Interest and Redemption for the 1972 General Obligation Water Bonds is
the sum of $53,217.00; 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
1988-89 be and is hereby established at $53,217.00.
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 1988-89, 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 19th day of July 1988, by the following
vote, to -wit:
AYES: Directors Bland, Buchheim, Hausdorfer
NOES: None
ABSENT: Directors Friess,
Swartze
GARY HAUSDORFE
C an of the Board of Directors
Capistrano Valley Water District
RESOLUTION NO. 88-7-19-2
CAPISTRANO VALLEY WATER DISTRICT
Page Two
CERTIFICATE
State of California )
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 19th day of July 1988, at the hour of 6:30 p.m.
Clerk of the Board
CAPISTRANO VALLEY WATER DISTRICT
Rosalee B. M et