Reso 0062-07/1958 RESOLUTION NO. 62
RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN
MARCOS COUNTY WATER DISTRICT ESTIMATING THE MINI-
MUM AMOUNT OF MONEY REQUIRED TO BE RAISED BY
TAXATION FOR THE FISCAL YEAR 1958-1959 TO PROVIDE
FOR THE PAYMENT OF INTEREST ON ITS BONDED DEBT AN'D
CLAIMS AGAINST THE DISTRICT AND EXPENSES TO BE
INCURRED BY THE DISTRICT.
BE IT RESOLVED by the Board of Directors of the San
Marcos County Water District as follows:
WHEREAS, the Board of Directors of the San Marcos
County Water District is required to furnish the Board of Super-
visors of the County of San Diego, and the County Auditor of said
County, with a statement containing the information, facts and
estimates required by Section 31701 of the Water Code of the State
of Caltfornia, and
WHEREAS, San Marcos has heretofore incurred a bonded debt
in the principal amount of $998,000 for the benefit of the whole
district and the district will be required to make payments of
interest on said bonded debt during the present fiscal year, and
WHERAS, this Board of Directors has heretofore caused
a study to be made of the revenues which will be received by San
Marcos during this fiscal year, the expenses that will be incurred
and the claims which will have to be paid during said period, and
it is apparent that it is going to be necessary to levy taxes on
all of the taxable property within the District to provide for the
payment of interest on the District' s bonded debt and claims against
and expenses incurred by the District.
NOW, THEREFORE, the Board of Directors of the San Marcos
County Water District states, finds, determines and orders that:
SECTION I: That in the judgment of the Board of Directors
of the San Marcos County Water District the revenues of said District
for the fiscal year 1958-1959 are likely to be inadequate to pay the
interest on its bonded debt, the expenses of the District and claims
against the District that will be incurred and fall due during t his
fiscal year,
SECTION II: That it is estimated that the minimum mount
of money required for the payment of interest on the bonded debt of
the San Marcos County Water District as it becomes due is $43,302.50,
SECTION III: That the whole San Marcos County Water District
was benefited by incurring said bonded debt,
SECTION IV: That it is estimated that the minimum mount
of money required by the San Marcos County Water District for all
other expenses of, and claims against the San Marcos County Water
District is $32,500.00,
SECTION V: That the statement required by 31701 of the
Water Code of the State of California be furnished to the Board of
Supervisors and the Auditor of the County of San Diego on or before
the 16th day of July, 1958.
DATED: July 8, 1958
STATEMENT OF THE BOARD OF DIRECTORS OF
THE SAN MARCOS COUNTY WATER DISTRICT, A
COUNTY WATER DISTRICT ORGANIZED UNDER THE
COUNTY WATER DISTRICT LAW, FURNISHED PUR-
SUANT TO THE REQUIREMENTS OF SECTION 31701
OF THE WATER CODE OF THE STATE OF CALIFORNIA.
To the Honorable Board of Supervisors of the County of
San Diego, and to J. C. Perrigo, as Auditor for said
County:
The Board of Directors of the San Marcos County Water
District, pursuant to the Water Provisions of Section 31701 of
the Water Code of the State of California, hereby furnishes you,
and each of you, wish the following estimates and statements.
A. The minimum amount of money required for the payment
of the principal end interest, on the bonded debt of
the San Marcos County Water District, as it becomes
due, is estimated to be $43,302.50.
B. That the whole San Marcos County Water District was
benefited by incurring said bonded debt,
C. That the minimum amount of money required by the
San Marcos County Water District for other expenses
and claims against the District is estimated to be
$32,500.00
D, The San Marcos Couuty Water District has not by
Ordinance or otherrwise declared that Chapter Two
of Part Seven, of Division Twelve, of the California
Water Code, shall not be operated with respect to the
San Marcos County Water District and has never elected
to proceed under Chapter Two, Part Seven, Division
Twelve, of said water Code.
E. That a copy of the Resolution of the Board of Directors
of San Marcos County Water District determining that in
To the Honorable Board of Supervisors of the County of San Diego,
and to J. C. Perrigo, as Auditor for said County;
the Judgment of said Board the revenues of the
District will likely be inadequate to pay the
interest on the District's bonded debt,
expenses to be incurred by the District, and
claims against the District as they become due
is attached hereto, as Exhibit A.
BOARD OF DIRECTORS OF THE
SAN MARCOS COUNTY WATER DISTRICT
DATED July 8, 1958
July 8, 1958
Board of Supervors
County of San Diego
1600 Pacific Highway
San Diego, California
Gentlemen:
Attached please find Statement of the Board of Directors
of the San Marcos County Water District containing the information,
facts and estimates required by Section 31701 of the Water Code of
the State of California.
The minimum amount of money required for the payment of
principal and interest on the bonded debt, as it beoomes due, is
estimated to be $43,302.50, and the minimum amount of money
required for other expenses and claims against the San Marcos
County Water District is estimated to be $32,500.00, thereby
making a total of $75,802.50 which would be required.
We are also enclosing copy of Resolution No. 62 adopted
by the Beard of Directors July 7, 1958, at the regular meeting
held in the District office, Encinitas Road, San Marcos, California.
Very truly yours,
SAN MARCOS COUNTY WATER DISTRICT
Secretary
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Encls.
cc-Powell & Martinson
July 8, 1958
J. C. Perrigo, Auditor & Controller
County of San Diego
1600 Pacific Highway
San Diego 1, California
Dear Sirs:
Attached please find copy of Statement of the Board of
Directors of the San Marcos County Water District containing
the information, facts and estimates required by Section 31701
of the water Code of the State of California
The minimum amount of money required for the payment
of principal and interest on the bonded debt, as it becomes
due, is estimated to be $43,302.50, and the minimum amount
of money required for other expenses and claims against the
San Marcos County Water District Is estimated to be $32,500.00,
thereby making a total of $75,802. which would be required.
We are also enclosing copy of Resolution No. 62 adopted
by the Board of Directors July 7, 1958, at the regular meeting
- held in the District office, Encinitas Road, San Marcos, California.
Very truly yours,
SAN MARCOS COUNTY WATER DISTRICT
adc
Encls.
cc-Powell & Martinson