HomeMy WebLinkAbout2001-121
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RESOLUTION NO.
2001-121
2
3 A RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
BERNARDINO, SUCCESSOR TO THE SOUTH SAN BERNARDINO COUNTY WATER
4 DISTRICT, ASSESSING PROPERTIES WITHIN THE PREVIOUS DISTRICT
BOUNDARIES IN THE AMOUNT OF $13,137.50 FOR THE FISCAL YEAR
5 2001/2002.
6
WHEREAS, the people of the South San Bernardino County Water
7 District (District) voted in 1958 to incur a bond indebtedness of
8 $400,000 for the purchase of certain improvements of the District;
9 and
10
WHEREAS, the District has issued and sold Series "C" Waterworks
11 bonds in the amount of $150,000; and
12
WHEREAS,
the District, pursuant to the Cortese/Knox Local
13 Governmental Reorganization Act
(Government Code Section 5600),
14 merged with the City of San Bernardino effective August 1, 1991; and
15
WHEREAS, a condition of the merger includes that the City of
16 San Bernardino shall be the successor agency within the jurisdiction
17 of the Board of Water Commissioners, with the successor agency,
18 assuming
all
rights,
responsibilities,
properties,
equipment,
19 contracts, assets and liabilities, and functions of the district;
20 and
WHEREAS, the City of San Bernardino requires the total sum of
22 $13,137.50 for the principal and interest payment during 2001/2002.
21
23 NOW THEREFORE BE IT RESOLVED by the Mayor and Common Council of
24 the City of San Bernardino to assess all assessable parcels within
25 the boundaries of the previous District for the total amount of
26 $13,137.50 for the fiscal year 2001/2002, to require the County of
27 San Bernardino Audi tor ICon troller to compute the tax ra te, and to
28 collect said sum through the County of San Bernardino Tax Collector.
Pi.1qe J () f 2
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2001-121
1 Pl. RESOLU'l' .LON OF T~E: MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO, SlJCCESSOR TO
THE SO~;TJ! SAN 3E:HNARDINO COUNTY WATER DISTRICT I ASSESSING PROPERTIES WITHIN THE PREVIOuS
2 [lISTRIC',' BOUNDARIES IN THE AMOUNT OF $13,137.50 FOR THE FISCAL YEAR 2001/2002.
3 I HEREBY CERTIFY that the foregoing resolution was duly adopted
4 by the Mayor and Common Council of the City of San Bernardino at a
5 j t. regular
held
meeting
thereof,
on
the
day
of
21st
6 __~~L_____, 2001, by the following vote to wit:
7
8
COUNCIL MEMBERS AYES NAYS
ESTRADA X
---~
LIEN X
----
McGINNIS X
SCHNETZ ___1L-
SUAREZ X
ANDERSON X
McCAMMACK X
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10
11
12
13
14
15
16
ABSENT
ABSTAIN
~rf'/d~~k
17
18
May
The foregoing resolution is hereby approved this
19
of
, 2001.
20
21
22
23
24
Approved as to form
and legal content:
25
26
JAMES F. PENMAN
City Attorney
27
28
"ct-
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Page 2 of 2
25th
day
Judith Valles, Mayor
City of San Bernardino
2001-121
South San Bernardino Water District Issue Date: 03/01/88
1958 Waterwor1<s Bonds: Series C 7,75% Interest Rate
Debt Service Schedule
Trans! er to Sinking Fund Principal Principal Fiscal Cash
Date Interest Sinkin Fund Balance Redem tion Balance Re uirement
1 01 - SEP ...aB $5,812,50 $150,000.00
2 01 -MAR-139 5,812,50 150,000.00 $11,625.00
3 01 - SEP -139 5,812,50 150,000.00
4 01 -MAR-OO 5,812,50 150,000.00 11,625,00
5 01 - SEP -90 5,812,50 150,000.00
6 01 -MAR-91 5,812,50 150,000.00 11,625,00
7 01 -SEP-91 5,812.50 150,000.00
8 01 -MAR-92 5,812,50 150,000.00 11,625.00
9 01 - SEP -92 5,812.50 150,000.00
10 01 -MAR-93 5,812,50 $5,000.00 $5,000.00 . 150,000.00 11,625.00
11 01 - SEP .-93 5,812.50 150,000.00
12 01 -MAR-94 5,812.50 5,000,00 10,000,00 . 150,000.00 11,625,00
13 01 -SEP-94 5,812.50 150,000.00
14 01 -MAR-95 5,812.50 (10,000,00) 0.00 . 15,000.00 135,000.00 26,625,00
15 01 -SEP-95 5,231,25 135,000.00
16 01 -MAR-96 5,231.25 5,000,00 130,000.00 15,462.50
17 01 - SEP -96 5,037.50 130,000.00
18 01 -MAR-97 5,037.50 5,000,00 125,000.00 15,075.00
19 01 -SEP-97 4,843.75 125,000.00
20 01 -MAR-98 4,843,75 5,000.00 120,000.00 14,687.50
21 01 - SEP -98 4,650,00 120,000.00
22 01 -MAR-99 4,650.00 5,000.00 115,000.00 14,300.00
23 01 -SEP-99 4,456,25 115,000.00
24 01 -MAR-OO 4,456,25 5,000.00 110,000.00 13,912.50
25 01 -SEP-OO 4,262,50 110,000.00
26 01 -MAR...{I1 4,262,50 5,000.00 105,000.00 13,525.00
-27 01 -SEP...{I1 4,068,75 105,000.00
.28 01 -MAR...{I2 4,068,75 5,000,00 100,000.00 13,137.50
29 01 -SEP...{I2 3,875,00 100,000.00
30 01 -MAR...{I3 3,875.00 5,000.00 95,000.00 12,750.00
31 01 -SEP...{I3 3,681.25 95.000.00
32 01 -MAR...{)4 3,681.25 5,000,00 90,000.00 12,362.50
33 01 -SEP...{)4 3,487.50 90,000.00
34 01 -MAR...{I5 3,487.50 5,000.00 85,000.00 11,975.00
35 01 -SEP...{I5 3,293,75 85,000.00
36 01 -MAR-OO 3,293.75 10,000.00 75,000.00 16,587.50
37 01 -SEP-OO 2,906,25 75,000.00
38 01 -MAR...{I7 2,906,25 10,000,00 65,000.00 15,812.50
39 01 -SEP...{I7 2,518,75 65,000.00
40 01 -MAR-OO 2,518,75 10,000.00 55,000.00 15,037.50
41 01 -SEP...{I8 2,131.25 $55,000.00
42 01 -MAR...{I9 2,131.25 10,000,00 45,000.00 14,262.50
43 01 -SEP...{I9 1,743,75 45,000,00
44 01 -MAR-10 1,743,75 10,000,00 35,000.00 13,487.50
45 01 -SEP -10 1,358,25 35,000.00
46 01 -MAR-11 1,356,25 10,000,00 25,000,00 12,712.50
47 01 -SEP -11 968,75 25,000,00
48 01 -MAR-12 968,75 10,000,00 15,000.00 11,937.50
49 01 -SEP -12 581,25 15,000.00
50 01 -MAR-13 581,25 15,000,00 0.00 16,162.50
. Totals $199,562,50 $150,000,00 $349.562,50
. Due to misinterpretation of debt service requirements, mandatory bond redemption for 1993 and 1994 were not paid
until March 1995; this schedule reflects actual payments to bond holders including bond redemption,
<1Sb-bond>
2001-121
MUNICIPAL WATER DEPARTMENT
OF THE CITY OF SAN BERNARDINO, CALIFORNIA
Bond Schedule - General Obligation Waterworks Bonds, Series C
Interest
Date Due Pavrnents Interest Total Rate
9-1-1999 $ 4,456 $ 4,456 7.75%
3-1-2000 $ 5,000 4,456 9,456 7.75%
9-1-2000 4,263 4,263 7.75%
3-1-2001 5,000 4,263 9,263 7.75%
9-1-2001 4,069 4,069 7.75%
3-1-2002 5,000 4,069 9,069 7.75%
9-1-2002 3,875 3,875 7.75%
3-1-2003 5,000 3,875 8,875 7.75%
9-1-2003 3,681 3,681 7.75%
3-1-2004 5,000 3,681 8,681 7.75%
9-1-2004 3,488 3,488c 7.75%
3-1-2005 5,000 3,488 c'8488 ' 7.75%
. '
9-1-2005 3,294 3,294 7.75%
. 3-1-2006 LO,OOO 3,294 13,294~'''''''7 .75%
9-1-2006 2,906 '2,906"" ..7.75%
, 3-1-2007 LO,OOO 2,906 12,906 : 7.75%
,
. . 9-1-2007 2,519 2,519 7.75%
3-1-2008 LO,OOO 2,519 12,519 7.75%
9-1-2008 2,131 2,131 7.75%
3-1-2009 LO,OOO 2,131 12,131 7.75%
9-1-2009 1,744 1,744 7.75%
3-1-2010 LO,OOO 1,744 11,744 7.75%
9-1-2010 1,356 1,356 7.75%
3-1-2011 LO,OOO 1,356 11 ,356 7.75%
9-1-2011 %9 %9 7.75%
3-1-2012 LO,OOO %9 LO,969 7.75%
9-1-2012 580 580 7.75%
3-1-2013 15.000 580 15.580 7.75%
$115.000 $78.662 $193.662
,
.
Bonds related to water system improvements for Sowh San Be17Ulrdino Water District, which was acquired by
the Department in 1991.
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