Resolution Number CVWD 91-7-19-2Lim
RESOLUTION NO. 91-7-16-2
A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE CAPISTRANO VALLEY WATER DISTRICT
ADOPTING A BUDGET FOR THE REDEMPTION OF
1972 GENERAL OBLIGATION BONDS FOR
FISCAL YEAR 1991-92
WHEREAS, the Capistrano Valley Water District has heretofore
issued 1972 General Obligation 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 Bonds is the sum of $49,500.00; 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 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 Bonds for the fiscal year 1991-92 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 16th day of July 1991, by
the following vote, to -wit:
AYES: Chairman Friess, Directors Buchheim and Jones
NOES: None
ABSENT: Directors Hausdorfer and Vasquez
The Boar'd
KENNETH E. FRIESh, CHAIRMAN
RESOLUTION 91-7-16-2
State of California )
) ss.
County of orange )
I, Clerk of the Board of Directors for 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 16th day of July, 1991, at the hour of
6:30 PM.
Clerk of the Board
CAPISTRANO VALLEY WATER DISTRICT