HomeMy WebLinkAbout2006-293
1
RESOLUTION NO. 2006-293
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 $15,812.50 FOR THE FISCAL YEAR
5 2006/2007.
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, in 1988, issued and sold Series "C"
11 Waterworks 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 Board of
16 Water Commissioners shall be the successor agency within the
17 jurisdiction of the City of San Bernardino, with the successor
18
agency,
assuming
all
rights,
responsibilities,
properties,
19 equipment, contracts, assets and liabilities, and functions of the
20 district; and
21
WHEREAS, the City of San Bernardino requires the total sum of
22 $15,812.50 for the principal and interest payment for the Series "C"
23 Waterworks Bonds during 2006/2007.
24 NOW THEREFORE BE IT RESOLVED by the Mayor and Common Council of
25 the City of San Bernardino to assess all assessable parcels within
26 the boundaries of the previous District for the total amount of
27 $15,812.50 for the fiscal year 2006/2007, to require the County of
28 San Bernardino Auditor/Controller to compute the tax rate, and to
Page 1 of 2
2006-293
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
2 DISTRICT BOUNDARIES IN THE AMOUNT OF $15,812.50 FOR THE FISCAL YEAR 2006/2007.
3
collect said sum through the County of San Bernardino Tax Collector.
4
I HEREBY CERTIFY that the foregoing resolution was duly adopted
by the Mayor and Common Council of the City of San Bernardino at a
5
6 jt. regular meeting thereof. held on the 21st day of August, 2006, by
7
the following vote to wit:
8
9
10
11
ABSENT
ABSTAIN
NAYS
AYES
COUNCIL MEMBERS
ESTRADA
x
BAXTER
x
12
VACANT
13
DERRY
x
14
KELLEY
x
15
16
17
18
JOHNSON
x
McCAMMACK
)l'
~~I,th.~
R hel Clark, Clty Clerk
;l..?-- J......
19
20
21
day
The foregoing resolution is
hereby approved this
August
, 2006.
of
22
orris, Mayor
San Bernardino
23
24
25
26
27
28
Approved as to form:
By:
City Attorney
Page 2 of 2
2006-293
an Bernardino Water District Issue Date: 03101/88
aterwolKs Bonds: Series C 7.75% Interest Rate
Debt Service Schedule
Transfer 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 ~9 5,812.50 150,000.00 $11,625.00
3 01 -SEP ~9 5,812.50 150,ooo.!lO
4 01 -MAR-90 5,812.50 150,000.00 11,625.00
5 01 -SEP -90 . 5,812.50 150,000.00
6 01 -MAR-'ll 5,812.50 150,000.00 11,625.00
7 01 -SEP-'ll 5,812.50 150,000.00
8 01 -M~-'l2 5,812.50 150,000.00 11,625.00
9 01 - SEP -Q2 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 -'13 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 -'15 5,231.25 135,000.00
16 01 -MAR-Q6 5,231.25 5,000.00 130,000.00 15,462.50
17 01 - SEP -'16 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 -'17 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 -'18 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-Q9 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-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 5,000.00 100,000.00 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 12,750.00
31 01 - SEP -03 3,681.25 95,000.00
32 01 -MAR-04 3,681.25 5,000.00 90,000.00 12,362.50
33 01 - SEP -04 3,487.50 90,000.00
34 01 -MAR-OS 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-06 3,293.75 1DOOOOO 75,000.00 11L<;87....50 .
37 01 - SEP -06 2,906.2;)> 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-OS 2,518.75 10,000.00 55,000.00 . 15,037.50
41 01 -SEP-OS 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-II 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
. T olals $199.562.50 $150.000.00 $349.582.50
. Due to misinterpretation of debt service requirements, mandatory bond redemption for 1993 and 1994 were not paid
until March 1995; this schedule rellects actual payments 10 bond holders including bond redemption.
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DATE: 11- I. ,t>
fLE NO.: /2. Ol:.3ii
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,PREPARED BY: J..~~u .
CITY OF SAN BERNARDINO :
DEPARTt.ENT OF p~ WORKS
AtHXATION NO~ ....... S,
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L/Jf=CO 2 ~I.f"