Laserfiche WebLink
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 />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-66-99 <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />COLTON, CALIFORNIA DETERMINING AND AUTHORIZING THE ANNUAL <br />LEVY OF TAX ASSESSMENT FOR IMPROVEMENT DISTRICT `A' <br />(JAMES SULLIVAN WATER COMPANY). <br />WHEREAS, the City Council of the City of Colton adopted Resolution No. R-38-88, <br />Establishing a Fiscal Structure to Repay the Loan associated with Reconstruction of Water <br />Facilities of the James Sullivan Mutual Water Company, Improvement District `A'; and <br />WHEREAS, Resolution No. R-38-88, directed the establishment of Unpaid assessments <br />over a 35 year amortized payment schedule and the Filing thereof with the Tax Assessor and the <br />Controller's Office for the County of San Bernardino, commencing in August, 1988. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of <br />The City of Colton as follows: <br />SECTION 1. Based upon the total loan amount of $370,800 and the Ninety-one shares <br />of James Sullivan Mutual Water Company stock Outstanding, the City has determined that the <br />amount of required tax to be levied per share for the 1999-2000 Fiscal Year is as shown on the <br />attached Exhibit "A". <br />SECTION 2. The City Clerk is instructed to file a certified copy of this resolution with <br />the San Bernardino County Tax Assessor. <br />PASSED APPROVED AND ADOPTED THIS DAY OF _, 1999. <br />KARL E. GAYTAN, MAYOR <br />ATTEST: <br />CAROLINA P. BARRERA, CITY CLERK <br />