Resolution Number CVWD 89-8-1-1RESOLUTION NO. 89-8-1-1
�.J A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE CAPISTRANO VALLEY WATER DISTRICT
ADOPTING A BUDGET FOR THE REDEMPTION OF
GENERAL OBLIGATION BONDS, ZONE 20 SERIES "C"
FOR FISCAL YEAR 1989-90
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
$30,617.00, and the sum required for the General Reserves of said Bond Issue for the
period of July 1, 1990 through December 31, 1990 is $7,196.00; 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 1989-90 and the period of July 1, 1990 through December 31, 1990, be and is
hereby established at $37,813.00.
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 1989-90 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 1st day of August 1989, by the following
vote, to -wit:
AYES: Directors Buchheim, Friess, and Hausdorfer
NOES: None
ABSENT: Directors Bland and Schwartze--1
ATTEST:
/Cl of the Board
U
ChakLaAVof the Board of
Capistrano Valley Water ]
RESOLUTION NO. 89-8-1-1
CAPISTRANO VALLEY WATER DISTRICT
Page Two
CERTIFICATE
State of California
ss.
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 1st day of August 1989, at the hour of 6:30 p.m.
Clerk of the Board
CAPISTRANO VALLEY WATER DISTRICT
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