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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 />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLULTIONNO. R-70-96 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON <br />ASSESSING PROPERTIES WITHIN THE CITY BOUNDARIES IN THE <br />AMOUNT OF $113,634 FOR THE FISCAL YEAR 1996-97. <br />WHEREAS, the people of the City of Colton voted in 1970 to incur a bond indebtedness of <br />$1,220,000 for the purchase of certain improvements of the Electric Utility; and <br />WHEREAS, the City has issued and sold General Obligation Bonds in the amount of <br />$1,220,000; and <br />WHEREAS, the City of Colton requires the total sum of $113,634 for the principal and interest <br />payments due during 1996-97. <br />NOW THEREFORE BE IT RESOLVED that the City of Colton is hereby authorized to assess <br />all assessable parcels within the boundaries of the City of Colton the total amount of $113,634 for the <br />1996-97 Fiscal Year; to require the County of San Bernardino Auditor/Controller to compute the tax rate <br />and to collect said sum through the County of San Bernardino Tax Collector. <br />PASSED, APPROVED, AND ADOPTED THIS 2T1D day of July, 1996. <br />GEORGE V. FULP. MAYOR <br />ATTEST: <br />MALIK D. FREEMAN, CITY CLERK <br />