Resolution Number CVWD 88-7-19-3U
RESOLUTION NO. 88-7-19-3
A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE CAPISTRANO VALLEY WATER DISTRICT
ADOPTING A BUDGET FOR THE REDEMPTION OF
GENERAL OBLIGATION BONDS FOR FISCAL YEAR 1988-89
WHEREAS, the Capistrano Valley Water District has heretofore issued General
Obligation Bonds Identified and referred to as:
1.
5611 .................
1961
Construction
2.
5661 .................
Zone
2
3.
5681 .................
Zone
3, Series A, B, do 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
$192,300.00, allocated as follows:
1.
1961
Construction .....
$134,100.00
2.
Zone
2 ................
$17,700.00
3.
Zone
3 ................
$40,500.00
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 1988-89 is
hereby established at $192,300.00.
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 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, Schwar
s va+vwa a.a.
U ATTEST: hair n of the Board of rectors
Cap strano Valley Water District
Clerk o e Boafd
RESOLUTION NO. 88-7-19-3
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 19th day of July 1988, at the hour of 6:30 p.m.
Clerk of the Board
CAPISTRANO VALLEY WATER DISTRICT
4Ree B. IN1 oret