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RESOLUTION NO. 60-.,t~S ORDERING TRANSFER OF $2,000.00 <br />FRON ORIGINAL DISTRICT FUNDS TO COUNTY AUDITOR OF 0RA~E <br />COUNTY FOR PURPOSES OF DISTRICT BONDREDEMPTION <br /> <br /> WHEREAS, heretofore, as the result of an annexation all of <br /> <br />the territory within the SANTA ANA GARDENS SANITARY DISTRICT became <br />a part of the CITY OF SANTA ANA, and as a result thereof said District <br />was dissolved and the balance of cash on hand belonging to said Dis- <br />trict was transferred to the CITY OF SANTA ANA; and <br /> <br /> WHEREAS, the CITY has determined that this money should be <br />held in trust and used exclusively for said DISTRICT and that it <br />should be used over a number of years to reduce the tax rate upon <br />properties in the DISTRICT w~ich produce funds for payment of <br />principal and interest on said bonds; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED: That the stun of $2,000.00 <br /> <br />is hereby ordered to be paid to the County Auditor of Orange County, <br />California to be credited to the account for the payment of princi- <br />pal and interest due on the bonds of the former SANTA ANA GARDENS <br />SANITARY DISTRICT so ~ha~ by direct taxation for the fiscal year <br />1960-1961 the amount necessary to be raised by ad valorem taxation <br />will be reduced by said amount. <br /> <br /> PASSED AND ADOPTED by the City Council of the City of Santa <br />Ana at its regular meeting held on the 7th day of March, 1960. <br />ATTEST: <br /> <br />CLERK OF ~E-COUNCII <br /> <br />SS <br /> <br />STATE OF CALIFORNIA <br />COUNTY OF ORANGE <br />CITY OF SANTA ANA <br /> <br /> I, MARION SUTTNER, do hereby certify that I am the Clerk of the <br />Council of the City of Santa Ana; that the foregoing Resolution was <br />regularly introduced to said Council at its regular meeting held on <br />the 7th day of March, 1960, and was at said meeting regularly passed <br />and adopted by the following vote, to-wit: <br /> <br />AYES, <br /> <br />COUNCII~IEN: l~y~l F~ Nmbbard, Stagey C. (kn~ld, Jr. <br /> Dale N~ Ne~-ly, Bob ~ewer, A. A. N-~ <br /> <br />NOES, <br />ABSENT, <br /> <br />COUNCILMEN: <br />COUNCILMEN: <br /> <br />CLERK OF THE COUNCIL <br /> <br /> <br />