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Reso 0458-08/1977 RESOLUTION NO. 458 RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN MARCOS COUNTY WATER DISTRICT FINDING AND DECLARING THE AMOUNT OF MONEY TO BE RAISED BY TAXATION FOR THE TAX YEAR 1977-1978. WHEREAS, The San Marcos County Water District by Resolution No. 415 elected to fix its own rates of taxation in accordance with Sections 31702.1 through 31702.4 of the Water-Code, State of California. NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SAN MARCOS COUNTY WATER DISTRICT DETERMINES AND ORDERS THAT: Section 1: That the Board of Directors estimates that the minimum amount of money required to be raised by taxes for the payment of principal and interest on the bonded debt incurred by San Marcos County Water District, EXCEPTING THEREFROM IMPROVEMENT DISTRICT "A" is $ 126,225 during the fiscal year 1977-1978. The Board of Directors estimates that the minimum amount of money required to be raised by taxes for the payment of all other expenses and claims against the District, EXCEPTING THEREFROM IMPROVEMENT DISTRICT "A" is $ 231,175 during the fiscal year 1977-1978. The Board of Directors hereby certifies to the Board of Supervisors and the Auditor of San Diego County that the Board has fixed a tax rate of 34.8¢ per $100.00 assessed valuation on all taxable property and improvements within the whole of San Marcos County Water District, EXCEPTING THEREFROM IMPROVEMENT DISTRICT "A", for the payment of principal and interest on the bonded debt, and all other expenses and claims against the District that will be incurred and fall due during the 1977-1978I fiscal year. Section 2: That the Board of Directors estimates that the minimum amount of money required to be raised by taxes for the payment of principal and interest on the bonded debt incurred by Improvement District Number 1 of the San Marcos County Water District is Nil during the fiscal year 1977-1978. -1- Resolution No. 458 The Board of Directors estimates that the minimum amount of money required to be raised by taxes for the payment of all other expenses and claims against the Improvement District is $ 66,300 during the fiscal year 1977-1978. The Board of Directors hereby certifies to the Board of Supervisors and Auditor of San Diego County that the Board has fixed a tax rate of 11.8¢ per $100.00 assessed valuation on all taxable property and improvements within Improvement District Number 1 of San Marcos County Water District, for the payment of principal and interest on the bonded debt, and all other expenses and claims against the Improvement District that will be incurred and fall due during the 1977-1978 fiscal year. Section 3: That the Board of Directors estimates that the minimum amount of money required to be raised by taxes for the payment of principal and interest on the bonded debt incurred by Improvement District Number 2 of the San Marcos County Water District is Nil during the fiscal year 1977-1978. The Board of Directors estimates that the minimum amount of money required to be raised by taxes for the payment of all other expenses and claims against the Improvement District is $ 66,300 during the fiscal year 1977-1978. The Board of Directors hereby certifies to the Board of Supervisors and Auditor of San Diego County that the Board has fixed a tax rate of 11.8¢ per $100.00 assessed valuation on all taxable property and improvements within Improvement District Number 2 of San Marcos County Water District for the payment of principal and interest on the bonded debt, and all other expenses and claims against the Improvement District that will be incurred and fall due during the 1977-1978 fiscal year. Section 4: That the Board of Directors estimates that the minimum amount of money required to be raised by taxes for the payment of principal and interest on the bonded debt incurred by Improvement District Number 5 of the San Marcos County Water District is Nil during the fiscal year 1977-1978. -2- Resolution No. 458 The Board of Directors estimates that the minimum amount of money required to be raised by taxes for the payment of all other expenses and claims against the Improvement District is $ 92,755 during the fiscal year 1977-1978. The Board of Directors hereby certifies to the Board of Supervisors and Auditor of San Diego County that the Board has fixed a tax rate of 20.5¢ per $100.00 assessed valuation on all taxable property and improvements within Improvement District Number 5 of San Marcos County Water District for the payment of principal and interest on the bonded debt, and all other expenses and claims against the Improvement District that will be incurred and fall due during the 1977-1978 fiscal year. Section 5: That the Board of Directors estimates that the minimum amount of money required to be raised by taxes for the payment of principal and interest on the bonded debt incurred by Improvement District 6 of the San Marcos County Water District is $ 79,170 during the fiscal year 1977-1978. The Board of Directors estimates that the minimum amount of money required to be raised by taxes for the payment of all other expenses and claims against the Improvement District is $ 30,830 during the fiscal year 1977-1978. The Board of Directors hereby certifies to the Board of Supervisors and Auditor of San Diego County that the Board has fixed a tax rate of 12¢ per $100 assessed valuation on all taxable property and improvements within Improvement District Number 6 of San Marcos County Water District for the payment of principal and interest on the bonded debt, and all other expenses and claims against the Improvement District that will be incurred and fall due during the 1977-1978 fiscal year. Section 6: That the Board of Directors estimates that the minimum amount of money required to be raised by taxes for the payment of principal and interest on the bonded debt incurred by Improvement District Number "A" of the San Marcos County Water District is Nil during the fiscal year 1977-1978. -3- Resolution No. 458 The Board of Directors estimates that the minimum amount of money required to be raised by taxes for the payment of all other expenses and claims against the Improvement District is Nil during the fiscal year 1977-1978. The Board of Directors hereby certifies to the Board of Supervisors and Auditor of San Diego County that the Board has fixed a tax rate of Zero per $100.00 assessed valuation on all taxable property and improvements within Improvement District Number "A" of San Marcos County Water District for the payment of principal and interest on the bonded debt, and all other expenses and claims against the Improvement District that will be incurred and fall due during the 1977-1978 fiscal year. Section 7: That no taxes have been assessed on delinquent water bills. Section 8: The Secretary of the San Marcos County Water District is hereby directed to provide the Board of Supervisors and County Auditor of San Diego County with a true and correct copy of this Resolution. Adopted this 15th day of August, 1977, by the following roll call vote: AYES: Directors: Michel, Dow, Mahr, Blanchard NOES: Directors: None ABSTAIN: Directors: None ABSENT: Directors: Vanderbeck of San Marcos County Water District SEAL ATTEST: -4-