Reso 0217-08/1964 RESOLUTION NO. 2 17
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SAN MARCOS COUNTY WATER DISTRICT ESTIMATING
THE MINIMUM AMOUNT OF MONEY REQUIRED TO BE
RAISED BY TAXATION FOR THE FISCAL YEAR 1964-
1965 TO PROVIDE FOR THE PAYMENT OF INTEREST
AND PRINCIPAL ON ITS BONDED DEBT AND CLAIMS
AGAINST THE DISTRICT AND EXPENSES TO BE IN-
CURRED BY THE DI ST RICT.
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 Supervisors of the County of San Diego~
and the County Auditor of said County, with a statement containing the in-
formation, facts and estimates required by Section 31701 of the Water Code
of the State of California, and
WHEREAS, San Marcos County Water District has heretofore incurred a
bonded debt in the principal amount of $2,248.000 for the benefit of the
whole district and the district will be required to make payments of interest
and the principal on said bonded debt during the present fiscal year, and
WHEREAS, San Marcos County Water District Improvement District No. 5
has heretofore incurred a bonded debt in the principal amount of $600,000
for the benefit of the whole of Improvement 'District No. 5 but only Improve-
ment District No. 5 and that said Improvement District will be required to
make payments of interest and the principal on said bonded debt during the
present fiscal year and
WHEREAS, 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 and principal on the District's
bonded .debt and claims against and expenses incurred by the District.
NOW, THEREFOREt the Board of Directors of the San Marcos County
Water District states, finds, determines, and orders that:
SECTION I:
A - 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
1964-65 are likely to be inadequate to pay the interest and principal on
its bonded debt, the expenses of the District and claims against the Dis-
trict that will be incurred and fall due during this fiscal year.
B - That in the judgment of the Board of Directors of the San Marcos
County Water District the revenues of said Improvement District No. 5 for
the fiscal year 1964-65 are likely to be inadequate to pay the interest and
principal on its bonded debt, the expenses of Improvement District No. 5 and
claims against Improvement District No. 5 that will be incurred and fall due
during this fascal year.
SECTION II:
A - That it is estimated that the minimum amount of money required for
the payment of interest and principal on the bonded debt of the San Marcos
County Water District as it becomes due is $122,852.00.
B - That it is estimated that the minimum amount of money required for
the payment of interst and principal on the bonded debt of Improvement
District No. 5 as it becomes due is $23,900.00.
SECTION III:
A - That the whole San Marcos County Water District was benefited by
incurring said bonded debt.
B - That the whole Improvement District No. 5 was benefited by incurring
said bonded debt.
SECTION IV: That is estimated that the minimum amount of money required
for the San Marcos County Water District and Improvement District No. 5 for
all other expenses of, and claims against the said Districts is nil.
SECTION V: That the statement required by 31701 of the Water Code o~
the State of California be furnished to the Board of Supervisors and the
Auditor of the County of San Diego on or before the 17th day of August, 1964.
DATED: August 3, 1964
President of the Board of Directors
of the San Marcos County Water District
Secretary of the San Marcos County
Water District and the Board of Directors
thereof.
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
I Jeanne M. Gist, Secretary of the Board of Directors of San Marcos
County Water District DO HEREBY CERTIFY that the foregoing Resolution No.
217 was duly adopted by the Board of Directors of said District at a reg-
ular meeting of said Board held on the 3rd day of August, 1964, and that
it was so adopted by the following vote:
AYES: Directors: Blanchard Mahr, Paul Smith
and Trussell
NOES: Directors: None
ABSENT: Directors: None
SEAL .
Secretary of the San Marcos County
Water District and of the Board of Directors Thereof.
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
I, Jeanne M. Gist, Secretary of the Board of Directors of the San
Marcos County Water District, DO HEREBY CERTIFY that the above and foregoing
is a full, true and correct copy of Resolution No. 217 of said Board, and
that same has not been amended or repealed.
DATED: August 3, 1964
Secretary of the San Marcos County
SEAL
SAN MARCOS COUNTY WATER DISTRICT
WATER BUDGET FOR 1964-1965
INCOME:
Water Sales $160,000
Tax payments 122,852
1963-64 surplus 26,876
Miscellaneous 9,700 Total $3 19,428
EXPENSES:
Water purchases $ 45,000
Treatment &Delivery 19,828
Total Administration 64,600
Bond service 124,000
Line contract refunds 7,000
*Appropriated Capital Outlay 46,500
Unappropriated Contingencies 12,500 Total $319,428
*Following items budgeted in capital outlay figure and are
to be accomplished upon need as determined by Board
of Directors:
1 - Office Expansion $ 20,000
2 - Staff Car 3,000
3 - Radio (for staff car) 1,000
4 - Upgrading District lines 9,000
5 - Construction equipment 13,500 Total $46,500
SAN MARCO S COUNT Y WAT E R DISTRICT
IMPROVEMENT DISTRICT #5
BUDGET FOR 1964-1965
INCOME:
Connection fees $34,000
Tax receipts 23,900
Interest Earned 250 Total $58,150
EXPENSES:
Bond Service $34,300
I.D. 1~2 Facilities Use Fee 4,250
Contribution to Plant Expansion 11,333
Deficit 8,267 Total $58,150
San marcos County Water District
August 114, 1964
County of San Diego
Office of the Auditor and Controller
Room 166 - Civic Center
San Diego, California
Attention: A. H. Mueller
Auditor and Controller
Reference is made to your letter of August 11, 1964 regarding
the discrepancy in the "Statement of the board of Directors"
relative to this District's budgetary requirements for the
fiscal year 1964-65.
Paragraph D as originally stated was in error and we have made
the correction - citing that Chapter Three, Part Seven, Division Twelve
of said Water Code - is not the form this District chooses
to follow.
Thank you for preceeding with the processing of our request as in the past
years.
Very truly yours,
Jeanne M. Gist
District Secretary
Jj
encl: Statement (revised)
D. The San Marcos County Water District has not by Ordinance or
otherwise 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.
To the Honorable Board of Supervisors of the County of San Diego and
to A. H. Mueller, as Auditor for said County:
E. That a copy of the resolution of the Board of Directors of San
Marcos County Water District determining that in the judgment
of said Board that revenues of the District will likely be in-
adequate to pay the interest and principal on the Districts~
bonded debt, and the expenses to be incurred by the said
Districts, and claims against the said Districts as they become
due is attached heretot as Exhibit A.
BOARD OF DIRECTORS OF THE SAN MARCOS
COUNTY WATER DISTRICT
By ~/~,~. ~. '~ ~
DATED: August 3, 1964 By 'V~/~~ ~ ~, d~