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1988 RES R-06-88
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1988 RES R-06-88
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2/24/2014 8:26:25 AM
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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />I <br />18 1 <br />19' <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />I <br />27 <br />28 <br />incur a bonded indebtedness in an amount not to exceed <br />$3,500,000, and to annually levy special taxes on the property <br />in the Community Facilities District in amounts sufficient to <br />pay the principal of and interest on the bonds of the Community <br />Facilities District and finance the provision of police protec- <br />tion and fire protection and suppression services therein; and <br />(x) an appropriations limit for the Community Facilities <br />District has been established in the amount of $1,000,000. <br />Section 2. Declaration of Results. All votes voted in <br />the consolidated special elections on the propositions with <br />respect to the Community Facilities District incurring a bonded <br />indebtedness in an amount not to exceed $3,500,000, the annual <br />levy of special taxes on the property in the Community Facili- <br />ties District to finance the provision of police protection and <br />fire protection and suppression services within the Community <br />Services District and to pay the principal of and interest on <br />the bonds thereof, and the establishment of an appropriations <br />limit in the amount of $1,000,000 for the Community Facilities <br />District were voted in favor thereof, and all such propositions <br />carried. <br />Section 3. Effect of Elections. The effect of the <br />results of said consolidated special elections, as specified in <br />Section 2 hereof, is that the City Council, as the legislative <br />body of the Community Facilities District, is authorized to have <br />the Community Facilities District incur a bonded indebtedness in <br />an amount not to exceed $3,500,000 for the purposes set forth in <br />Proposition A of the Official Ballot for said consolidated <br />special elections, and, after the Community Facilities District <br />-4- <br />
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