Res. No. 1265 - Laserfiche WebLink

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3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 RESOLUTION NO. 1265 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON 11''v11AKING A SERVICE CHARGE OF ONE DOLLAR PER MONTH ON ALL `'KATER AND ELECTRIC METERS. WHEREAS, it is necessary for the City of Colton to expend a large sum of money for vital and necessary improvene nts and repairs to many of its facilities and services, many of which must be repaired and replaced due to the excessive use of same during the emergency war period, due to the large increase in population experienced by the City of Colton during the past few years* VfflEREAS, the City Council of the City of Colton is endeavorin to plan a "pay as you go" policy as near as possible so that the City shall remain in a good financial condition, and WHEREAS, the City Council is endeavoring to prevent the necessity of a bond issue against the City if possible, or to make it as small as possible if absolutely necessary, for it is realized that any bond issue against the City will be an indebtedness indirectly against the residents of this City and an indirect charge against the real estate and personal belongings chargeable to them on the regular tax bills on their property, and WHEREAS, the City Council realize that there will be added approximately fifty per cent of the principal for interest charges to any bond issue, should same be necessary, and the "pay as erre go system will save this interest and also save the tremendous costs of floating a bond issue. WHEREAS, the City Council believes that much of these expend- itures should be paid equally by all persons who attain the benefits of the facilities and services of the City and not only by those persons who may own their home or other property against which bonds would be an indirect lien, and WHEREAS, the City Council believes that a fair and just char to help pay for some of these expenses and expenditures would be upon the baiis of a flat service charge against the use of water 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 RESOLUTION NO. 1265 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON 11''v11AKING A SERVICE CHARGE OF ONE DOLLAR PER MONTH ON ALL `'KATER AND ELECTRIC METERS. WHEREAS, it is necessary for the City of Colton to expend a large sum of money for vital and necessary improvene nts and repairs to many of its facilities and services, many of which must be repaired and replaced due to the excessive use of same during the emergency war period, due to the large increase in population experienced by the City of Colton during the past few years* VfflEREAS, the City Council of the City of Colton is endeavorin to plan a "pay as you go" policy as near as possible so that the City shall remain in a good financial condition, and WHEREAS, the City Council is endeavoring to prevent the necessity of a bond issue against the City if possible, or to make it as small as possible if absolutely necessary, for it is realized that any bond issue against the City will be an indebtedness indirectly against the residents of this City and an indirect charge against the real estate and personal belongings chargeable to them on the regular tax bills on their property, and WHEREAS, the City Council realize that there will be added approximately fifty per cent of the principal for interest charges to any bond issue, should same be necessary, and the "pay as erre go system will save this interest and also save the tremendous costs of floating a bond issue. WHEREAS, the City Council believes that much of these expend- itures should be paid equally by all persons who attain the benefits of the facilities and services of the City and not only by those persons who may own their home or other property against which bonds would be an indirect lien, and WHEREAS, the City Council believes that a fair and just char to help pay for some of these expenses and expenditures would be upon the baiis of a flat service charge against the use of water