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Reso 0484-08/1978 RESOLUTION NO. 484 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 1978-1979 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 of the State of California. NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SAN MARCOS COUNTY WATER DISTRICT DETERMINES AND OFFERS 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 the San Marcos County Water District, EXCEPTING THEREFROM IMPROVEMENT DISTRICT "A" is $ 79,634 during the fiscal year 1978-1979. The Board of Directors hereby certifies to the Board of Super- visors and the Auditor of San Diego County that the Board has fixed a tax rate of $0.070 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, that will be incurred and fall due during the 1978-1979 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 1978-1979. 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 1978-1979. 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 interst on the bonded debt incurred by Improvement District Number 5 of the San Marcos County Water District is Nil during -1- Resolution No. 484 the fiscal year 1978-1979. 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 Number 6 of the San Marcos County Water District is $68,770 during the fiscal year 1978-1979. 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 $0,075 per $100.00 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 that will be incurred and fall due during the 1978-1979 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 1978-1979. Section 7: That no taxes have been assessed on delinquent water bills. Sectien 8: The Secretary of the San Marcos County Water District is hereby directed to provide the Board of Superviors and County Auditor of San Diego County with a true and correct copy of this Reso luti on. ADOPTED this 21st day of August, 1978, by the following roll call vote: AYES: Directors: Keebaugh, Vanderbeck, Dow, Mahr, Blanchard NOES: Directors: None ABSTAIN: Directors: None ABSENT: Directors: None ATTEST: -2-