Reso 0205-08/1963 RESOLUTION NO. 205
SUPERCEDING RESOLUTION NO. 201
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SAN MARCOS COUNTY WATER DI'~TRICT ESTIMATING
THE MINIMUM AMOUNT OF MONEY REQUIRED TO BE
RAISED BY TAXATION FOR THE FISCAL YEAR 1963-
1964 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 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 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, THEREFORE, the Board of Directors of the San Marcos County
Water District states, finds,, determines, and orders that:
SECTION
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
1963-64 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 1963-64 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 fiscal 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 $110,312.
B - That it is estimated that the minimum amount of money required for
the payment of interest and principal on the bonded debt of Improvement
District No. 5 as it becomes due is $23,089.
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 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 27th day of Auguste 1963.
DATED August 19 1963
STATE OF CALIFORNIA
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. 205
was duly adopted by the Board of Directors of said District at a regular
meeting of said Board held on the 19th day of August, 1963 and that it
was so adopted by the following vote:
AYES: Directors: Blanchard, Mahr, Paul, Smith and
Trussell
NOES: Directors, None
ABSENT: Directors: None
Secretary of the San Marcos County Water
and of the Board of Directors
STATE OF CALIFOMIA )
COUNTY 0F SAN DIEGO )
I. Jeanne M. Gist Secretary of the Board of Directors of the San
Marcos County Water District, DO HEREBY CEEIFY that the above and foregoing
is a full, true and correct copy of Resolution No. 205 of said Board, and
that same has not been amended or repealed.
DATED August 19, 1963
Secretary of the San Marcos County
Water District and of the Board of
Directors thereof.
SEAL
SAN MARCOS COUNTY WATER DISTRICT
WATER BUDGET FOR 1963-64
INCOMEz
Water sales $166,966
Tax payments 110e312
1962-63 surplus 7e285
Miscellaneous 8e 500 Total $293,063
EXPENSES:
Water purchases $ 36,. 100
Treatment &Delivery 18,376
Total administration 58s 844
Bond service 126~000
Line Contract refunds 8,000
*Appropriated Capital Outlay 21, 100
Unappropriated Contingencies 24,643 Total $293~ 063
*Following items budgeted in capital outlay figure and
are to be accomplished upon need as determined by Board
of Directors:
1 - Purchase of dump truck $ 4,800
2 - Purchase billing machine 5,000
3 - Purchase radio equipment 1,900
4 - Install fencing 6,000
5 - Install A.C.P. to replace
old steel line 3,400 Total $ 21,100
SAN MARCOS COUNTY WATER DISTRICT
IMPROVEMENT DISTRICT # 5
BUDGE FOR 1963-64
INCOME:
Connection fees $42,663
Tax Receipts 23,089'.
Interest Earned 182 Total $' 65,934
EXPENSES
Bond Service $34,000
I.D. l&2 Facilities Use Fee 4,687
Contribution to Plant Expansion 12,500
Deficit 14,747 Total $ 65# 934