Resolution Number CVWD 90-7-17-1RESOLUTION NO. 90-7-17-1
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 FISCAL YEAR 1990-91
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
$29,650.00 and the sum required for the General Reserves of said Bond Issue for the
period of July 1, 1991 through December 31, 1991 is $6,709.00; 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 1990-91 and the period of July 1, 1991 through December 31, 1991, be and is
hereby established at $36,359.00.
BE IT FURTHER RESOLVED that the Orange County Assessor be and 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 1990-
91 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 is hereby
authorized and directed to forward a copy of this Resolution to the Orange County
Auditor -Controller.
PASSED, APPROVED AND ADOPTED this 17th day of July 1990, by the
following vote, to -wit:
AYES: Directors Bland, Buchheim and Hausdorfer
NOES: None
ABSENT: Directors Friess and Sclywartz4
r
GARY L. HAUSDORFER
Chairrpm' of the Board of `birectors
Capts'trano Valley Water District
ATTEST:
/40eorg,Mn Scott
Clerk 6T the Board
RESOLUTION NO. 90-7-17-1
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 17th day of July 1990, at the hour of 6:30
PM.
Clerk of the Board
CAPISTRANO VALLEY WATER DISTRICT
eorg' , Scott