HomeMy WebLinkAbout60-038RESOLUTION NO. 60-.,t~S ORDERING TRANSFER OF $2,000.00
FRON ORIGINAL DISTRICT FUNDS TO COUNTY AUDITOR OF 0RA~E
COUNTY FOR PURPOSES OF DISTRICT BONDREDEMPTION
WHEREAS, heretofore, as the result of an annexation all of
the territory within the SANTA ANA GARDENS SANITARY DISTRICT became
a part of the CITY OF SANTA ANA, and as a result thereof said District
was dissolved and the balance of cash on hand belonging to said Dis-
trict was transferred to the CITY OF SANTA ANA; and
WHEREAS, the CITY has determined that this money should be
held in trust and used exclusively for said DISTRICT and that it
should be used over a number of years to reduce the tax rate upon
properties in the DISTRICT w~ich produce funds for payment of
principal and interest on said bonds;
NOW, THEREFORE, BE IT RESOLVED: That the stun of $2,000.00
is hereby ordered to be paid to the County Auditor of Orange County,
California to be credited to the account for the payment of princi-
pal and interest due on the bonds of the former SANTA ANA GARDENS
SANITARY DISTRICT so ~ha~ by direct taxation for the fiscal year
1960-1961 the amount necessary to be raised by ad valorem taxation
will be reduced by said amount.
PASSED AND ADOPTED by the City Council of the City of Santa
Ana at its regular meeting held on the 7th day of March, 1960.
ATTEST:
CLERK OF ~E-COUNCII
SS
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SANTA ANA
I, MARION SUTTNER, do hereby certify that I am the Clerk of the
Council of the City of Santa Ana; that the foregoing Resolution was
regularly introduced to said Council at its regular meeting held on
the 7th day of March, 1960, and was at said meeting regularly passed
and adopted by the following vote, to-wit:
AYES,
COUNCII~IEN: l~y~l F~ Nmbbard, Stagey C. (kn~ld, Jr.
Dale N~ Ne~-ly, Bob ~ewer, A. A. N-~
NOES,
ABSENT,
COUNCILMEN:
COUNCILMEN:
CLERK OF THE COUNCIL