HomeMy WebLinkAbout1998-173
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1
RESOLUTION NO.
98-173
2 A RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO, SUCCESSOR TO THE SOUTH SAN BERNARDINO COUNTY WATER
3 DISTRICT, ASSESSING PROPERTIES WITHIN THE PREVIOUS DISTRICT
BOUNDARIES IN THE AMOUNT OF $14,300.00 FOR THE FISCAL YEAR 1998/99.
4
5 WHEREAS, the people of the South San Bernardino County Water
6 District voted in 1958 to incur a bond indebtedness of $400,000.00
7 for the purchase of certain improvements of the District; and
8
WHEREAS,
the District has issued and sold Series "CD
9 Waterworks Bonds in the amount of $150,000.00; and
10
WHEREAS, the District, pursuant to the Cortese/Knox Local
11 Government Reorganization Act (Government Code Section 5600),
12 merged with the City of San Bernardino effective August 1, 1991;
13 and
14 WHEREAS, a condition of the merger includes that the City of
15 San Bernardino shall be the successor agency within the
16 jurisdiction of the Board of Water Commissioners; with the
17 successor agency assuming all rights, responsibilities, properties,
18 equipment, contracts assets and liabilities, and functions of the
19 South San Bernardino County Water District; and
20 WHEREAS, the City of San Bernardino requires the total sum of
21 $14,300.00 for the principal and interest payment due during
22 1998/99.
23 NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL
24 OF THE CITY OF SAN BERNARDINO to assess all assessable parcels
25 within the boundaries of the previous South San Bernardino County
26 Water District the total amount of $14,300.00 for the 1998/99
27 Fiscal
Year;
to
require
the
County
of
San
Bernardino
28 Auditor/Controller to compute the tax rate, and to collect said sum
5/4/98
1
1 A RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO, SUCCESSOR TO THE SOUTH
SAN BERNARDINO COUNTY WATER DISTRICT, ASSESSING PROPERTIES WITHIN THE PREVIOUS DISTRICT BOUNDARIES
2 IN THE AMOUNT OF $14,300.00 FOR THE FISCAL YEAR 1998/99.
3 through the County of San Bernardino Tax Collector.
I HEREBY CERTIFY that the foregoing resolution was duly
5 adopted by the Mayor and Common Council of the City of San
4
6 Bernardino at a
joint regular
meeting thereof, held
7 on the
15th
day of
June
, 1998,
8 by the following vote to wit:
9 COUNCIL MEMBERS: AYES NAYES ABSTAIN ABSENT
10 ESTRADA x
11 LIEN x
12 ARIAS x
13 SCHNETZ x
14 DEVLIN x
15 ANDERSON x
16 MILLER x
17
}J. U Ie
18 -t'G~L
Clark, City Clerk
19
20 The foregoing resolution is hereby approved this 17IL
21 day of
June
22
23 Valles, Mayor
of San Bernardino
24 APPROVED AS TO FORM
AND LEGAL CONTENT
25
26
JAMES F. PENMAN
City A orney
By:
~
27
28
5/4/98
2
South San Bernardino Water District Issue Date: 03/01/88
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 -88 $5,812.50 $150,000.00
2 01 -MAR--89 5,812.50 150,000.00 $11,625.00
3 01 - SEP --89 5,812.50 150,000.00
4 01 -MAR--{lO 5,812.50 150,000.00 11,625.00
5 01 -SEP--{lO 5,812.50 150,000.00
6 01 -MAR--{l1 5,812.50 150,000.00 11,625.00
7 01 -SEP--{l1 5,812.50 150,000.00
8 01 -M~--{l2 5,812.50 150,000.00 11,625.00
9 01 -SEP--{l2 5,812.50 150,000.00
10 01 -MAR--{l3 5,812.50 $5,000.00 $5,000.00 * 150,000.00 11,625.00
11 01 -SEP--{l3 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--{l5 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--{l6 5,037.50 130,000.00
18 01 -MAR--{l7 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--{l8 4,843.75 5,000.00 120,000.00 14,687.50
21 01 -SEP--{l8 4,650.00 120,000.00
22 01 -MAR--{l9 4,650.00 5,000.00 115,000.00 14,300.00
23 01 -SEP--{l9 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--{)1 4,262.50 5,000.00 105,000.00 13,525.00
27 01 -SEP--{)1 4,068.75 105,000.00
28 01 -MAR--{)2 4,068.75 5,000.00 100,000.00 13,137.50
29 01 -SEP--{)2 3,875.00 100,000.00
30 01 -MAR--{)3 3,875.00 5,000.00 95,000.00 12,750.00
31 01 -SEP--{)3 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--{)5 3,487.50 5,000.00 85,000.00 11,975.00
35 01 -SEP--{)5 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
36 01 -MAR--{)7 2,906.25 10,000.00 65,000.00 15,812.50
39 01 -SEP--{)7 2,518.75 65,000.00
40 01 -MAR--{)8 2,518.75 10,000.00 55,000.00 15,037.50
41 01 -SEP--{)8 2,131.25 $55,000.00
42 01 -MAR--{)9 2,131.25 10,000.00 45,000.00 14,262.50
43 01 -SEP--{)9 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 1,356.25 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 16,162.50
, Totals $199.562.50 $150,000.00 $349.562.50
* Due to misinterpretation 01 debt service requirements, mandatory bond redemption lor 1993 and 1994 were not paid
until March 1995; this schedule reflects actual payments to bond holders including bond redemption.
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