HomeMy WebLinkAbout62-167RESOLUTION NO. 62-167 ORDERING TRANSFER OF
$2,000.00 FROM ORIGINAL SANTA ANA GARDENS SANI-
TARY DISTRICT FUNDS TO COUNTY AUDITOR OF ORANGE
COUNTY TO APPLY ON DISTRICT BOND REDEMPTION
WHEREAS, heretofore, by 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 DISTRICT 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 which produced funds for payment of principal and
interest on said DISTRICT'S bonds.
NOW, THEREFORE, BE IT RESOLVED: That the sum of $2,000.00 is
hereby ordered to be paid to the County Auditor of Orange County,
California, after July 1, 1962, and before September 1, 1962, to be
credited to the account for the payment of principal and interest due
on the bonds of the former SANTA ANA GARDENS SANITARY DISTRICT so that
the amount necessary to be raised by ad valorem taxation will be
reduced for the fiscal year 1962-1963.
Aha at
CLERK OF THE CO~/IL
STATE OF CALIFORNIA)
COUNTY OF ORANGE ) SS
CITY OF SANTA ANA )
PASSED AND ADOPTED by the City Council of the City of Santa
its regular meeting held on the 20th day of August, 1962.
I, N~-w~BOYD , do hereby certify that I am the Assis~an%
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 20th day of August, 1962, and was at said meeting
regularly passed and adopted by the following vote, to-wit:
AYES,
COUNCILMEN: Royal E. Hubbard~ Hemxy H. $ehlue~er~
Dale H. Heiwly~ Bob Brewer, A~ A. Hall
NOES, COUNCILMEN:
ABSENT, COUNCILMEN: None
CLERK OF'.~E COUNCIL