Resolution Number CVWD 90-7-17-3W"
RESOLUTION NO. 90-7-17-3
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 1990-91
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 current
fiscal year for bond interest and redemption for the 1972 General Obligation Water
Bonds is the sum of $50,600.00; 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 for the fiscal year 1990-91 is
hereby established at $50,600.00.
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 1972 General Obligation Water Bonds 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 17tio day of July 1990, by the
following vote, to -wit:
AYES: Directors Bland, Buchheim and Hausdorfer
NOES: None
ABSENT: Directors Friess a-t*-S0ws-*tt0ee_ L _—�
ArrW :
&e__orgFAhn Scott
Clerk bf the Board
of the Board of D*ecti
Valley Water District
IN
RESOLUTION NO. 90-7-17-3
CAPISTRANO VALLEY WATER DISTRICT
Page Two
CERTIFICATE
State of California
: ss.
County of Orange )
1, 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
Or - ff--. M,