Laserfiche WebLink
1 RESOLUTION NO. R-57-23 <br /> 2 RESOLUTION OF THE CITY COUNCIL OF THE CITY_OF COLTON, <br /> 3 CALIFORNIA DETERMINING AND AUTHORIZING THE ANNUAL <br /> LEVY OF TAX ASSESSMENT FOR IMPROVEMENT DISTRICT 'A' <br /> 4 (JAMES SULLIVAN WATER COMPANY) <br /> 5 WHEREAS,the City Council of the City of Colton adopted Resolution No. R-38-88, <br /> 6 Establishing a Fiscal Structure to Repay the Loan associated with Reconstruction of Water Facilities of <br /> 7 the James Sullivan Mutual Water Company, Improvement District `A'; and <br /> 8 WHEREAS,Resolution No.R-38-88, directed the establishment of unpaid assessments over a <br /> 9 35 year amortized payment schedule and the filing thereof with the Tax Assessor and the Controller's <br /> 10 Office for the County of San Bernardino,commencing in August 1988. <br /> 11 NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF COLTON AS FOLLOWS: <br /> 12 SECTION 1.Based upon the total loan amount of$370,800 and the ninety-one shares of <br /> 13 James Sullivan Mutual Water Company stock outstanding,the City has determined that the amount of <br /> 14 required tax to be levied per share for the 2023 -2024 Fiscal Year is as shown on the attached <br /> 15 Exhibit"A". <br /> 16 SECTION 2. The City Clerk is instructed to file a certified copy of this resolution with the <br /> 17 San Bernardino County Tax Assessor. Passed approved and adopted this 20th day of June,2023. <br /> 18 <br /> PASSED,APPROVED AND ADOPTED THIS 20th DAY OF <br /> 19 <br /> 20 — <br /> 21 <br /> RA J. AVA 0 <br /> 22 <br /> 23 <br /> 24 ATTEST: <br /> 25 <br /> A a - <br /> 26 STEPHANIE M.VAR <br /> 27 Deputy City Clerk <br /> 28 <br />