HomeMy WebLinkAbout1999-165
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1999-165
RESOLUTION NO.
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3 A RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO, SUCCESSOR TO THE SOUTH SAN BERNARDINO COUNT
4 WATER DISTRICT, ASSESSING PROPERTIES WITHIN THE PREVIOUS DISTRICT
BOUNDARIES IN THE AMOUNT OF $13,912.50 FOR THE FISCAL YEA
5 1999/2000.
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WHEREAS, the people of the South San Bernardino County Water
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District voted
in 1958 to incur a bond
indebtedness of
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$400,000.00 for the purchase of certain improvements of the
District; and
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WHEREAS,
the District has issued and sold Series "e"
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Waterworks bonds in the amount of $150,000.00; and
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WHEREAS, the District, pursuant to the Cortese/Knox Local
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Governmental Reorganization Act (Government Code Section 5600),
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merged with the City of San Bernardino effective August 1, 1991;
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and
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WHEREAS, a condition of the merger includes that the City 0
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San Bernardino shall be the
successor
agency within the
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jurisdiction
of the Board of Water Commissioners; with the
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successor
assuming
responsibilities,
all
rights,
agency
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properties, equipment, contracts,
assets and liabilities, and
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functions of the South San Bernardino County Water District; and
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WHEREAS, the City of San Bernardino requires the total su~
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of $13,912.50 for the principal and interest payment during
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1999/2000.
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NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND COMMON COUNCI
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OF THE CITY OF SAN BERNARDINO to assess all assessable
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within the boundaries of the previous South San Bernardino Count
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Water District for the total amount of $13,912.50 for the
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1999-165
A RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO, SUCCESSOR
TO THE SOUTH SAN BERNARDIN COUNTY WATER DISTRICT, ASSESSING PROPERTIES WITHIN THE
PREVIOUS DISTRICT BOUNDARIES IN THE AMOUNT OF $13,912.50 FOR THE FISCAL YEAR 1999/2000
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1999/2000 Fiscal Year; to require the County of San Bernardino
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Auditor/Controller to compute the tax rate; and to collect said
sum through the County of San Bernardino Tax Collector.
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I HEREBY CERTIFY that the foregoing resolution was duly
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adopted by the Mayor and Common Council of the City of San
Bernardino at a joint regular
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6th day of
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vote to wit:
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COUNCIL MEMBERS:
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ESTRADA
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12 LIEN
13 McGINNIS
14 SCHNETZ
15 DEVLIN
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ANDERSON
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MILLER
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21 The foregoing
22 day of July
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meeting thereof, held on the
July
, 1999, by the following
AYES
NAYES
ABSTAIN
ABSENT
x
x
x
x
x
x
x
Q.~u/0.~
~G. Clark, City Clerk
resolution is hereby approved this ~__
, 1999.
(
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(-t. .LiZ -
th Valles, Mayor
25 of San Bernardino
26 APPROVED AS TO FORM
AND LEGAL CONTENT
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BY~ 1,P~.
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1999-165 .
South San Bernardino Water District Issue Date: 03/01/68
1958 Waterworks Bonds: Series C 7.75% Interest Rate
Debt Service Schedule
T ransler to Sinking Fund Principal Principal Fiscal Cash
Date Interest Sinking Fund Balance Redemption Balance Requirement
1 01 - SEP -as $5,812.50 $150,000.00
2 01 -MAR~9 5,812.50 150,000.00 $11,625.00
3 01 -SEP ~g 5,812.50 150,000.00
4 01 -MAR-90 5,812.50 150,000.00 11,625.00
5 01 - SEP -fl0 5,812.50 150,000.00
6 01 -MAR-fll 5,812.50 150,000.00 11,625.00
7 01 - SEP -fll 5,812.50 150,000.00
8 01 -M,I\R-fl2 5,8t 2.50 150,000.00 11,625.00
9 01 - SEP -fl2 5.812.50 150,000.00
10 01 -MAR-fl3 5,812.50 $5,000.00 $5,000.00 * 150,000.00 11,625.00
11 01 - SEP -fl3 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 -fl5 5,812.50 (10.000.00) 0.00 * 15,000.00 135,000.00 26,625.00
15 01 - SEP -fl5 5.231.25 135,000.00
16 01 -MAR-fl6 5,231.25 5,000.00 130,000.00 t 5,462.50
17 01 -SEP -96 5,037.50 130,000.00
18 01 -MAR-fl7 5.037.50 5,000.00 125,000.00 15,075.00
19 01 - SEP -fl7 4.843.75 125,000.00
20 01 -MAR-fl8 4.843.75 5,000.00 120,000.00 14,687.50
21 01 - SEP -fl8 4.650.00 120,000.00
22 01 -MAR-fl9 4,650.00 5,000.00 115,000.00 14,300.00
23 01 - SEP -fl9 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 -00 4,262.50 110,000.00
26 01 -MAR-Ol 4.262.50 5,000.00 105,000.00 13.525.00
27 01 - SEP -01 4.068.75 105,000.00
28 01 -MAR-02 4,068.75 5,000.00 tOO.OOO.OO 13,137.50
29 01 - SEP -02 3.875.00 100,000.00
30 01 -MAR-03 3.875.00 5,000.00 95,000.00 t2,750.00
31 01 - SEP -03 3.681.25 95,000.00
32 01 -MAR-04 3,681.25 5,000.00 90,000.00 t2,362.5O
33 01 - SEP -04 3,487.50 90,000.00
34 01 -MAR-05 3,487.50 5,000.00 85,000.00 11,975.00
35 01 - SEP -05 3,293.75 85,000.00
36 01 -MAR-{)6 3,293.75 10,000.00 75.000.00 16,587.50
37 01 - SEP -{)6 2.906.25 75.000.00
38 01 -MAR-07 2.906.25 10.000.00 65,000.00 15.812.50
39 01 - SEP -07 2.518.75 65,000.00
40 01 -MAR-{)6 2,518.75 10,000.00 55,000.00 15,037.50
41 01 - SEP -08 2,131.25 $55,000.00
42 01 -MAR-09 2,131.25 10,000.00 45,000.00 14,262.50
43 01 - SEP -09 1,743.75 45,000.00
44 01 -MAR-l0 1.743.75 10,000.00 35,000.00 13,487.50
45 01 -SEP -10 1.356.25 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 t6,162.50
. 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.
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