HomeMy WebLinkAbout2007-200
I.
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RESOLUTION NO. 2007-200
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 $15,037.50 FOR THE FISCAL YEAR
5 2007/2008.
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 "Cn
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 $15,037.50 for the principal and interest payment for the Series "Cn
23 Waterworks Bonds during 2007/2008.
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 $15,037.50 for the fiscal year 2007/2008, to require the County of
28 San Bernardino Auditor/Controller to compute the tax rate, and to
Page 1 of 2
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 $15,037.50 FOR THE FISCAL YEAR 2007/2008.
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collect said sum through the County of San Bernardino Tax Collector.
I HEREBY CERTIFY that the foregoing resolution was duly adopted
by the Mayor and Common Council of the City of San Bernardino at a
joint regular
meeting thereof, held on the 18th day of June,
7
2007, by the following vote to wit:
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9
COUNCIL MEMBERS AYES NAYS ABSENT ABSTAIN
ESTRADA x
BAXTER X
BRINKER X
DERRY X
KELLEY X
JOHNSON X
McCAMMACK X
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12
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18
Q-..Ju1 A1. ~
~ Rachel Clark, City Clerk
The foregoing resolution is hereby approved this ~ day
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21
June
of
, 2007.
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Approved as to form:
Patr'ck J. ., Mayor
Ci y of San Bernardino
By:
City Attorney
Page 2 of 2
Bernardino Water Dlstrlot Issue Date: 03/01188
IterwOlks Bonds: Serles C 7.75% Interest Rate
Debt Service Schedule
Transfer to SInking Fund Prlnolpal Principal Fiscal Cash
Dlte 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 5.812.50 150,000.90
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-91 5,812.50 150,000.00 11,625.00
7 01 - SEP -91 5,812.50 150,000.00
6 01 -M~-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..Q6 5,231.25 5,000.00 130,000.bO 15,462.50
17 01 - SEP ..Q6 5,037.50 130,000.00
16 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 4,643.75 5,000.00 120,000.00 14,667.50
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-(ll 4,262.50 5,000.00 105.000.00 13,525.00
27 01 - SEP -(II 4,068.75 105,000.00
26 01 -MAR-()2 4,068.75 5,000.00 100,000.00 13,137.50
29 01 - SEP -(12 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 -(13 3,661.25 95,000.00
32 01 -MAR-()4 3,661.25 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 -05 3.293.75 65,000.00
36 01 -MAR-()6 3,293.75 1.000000 75,000.00 16...1;8'Z..SQ .
37 01 - SEP -()6 2.906.2~ 75,000.00
38 01 -MAR-(l7 2.906.25 10.000.00 65,000.00 t5Jl12..5.0
39 01 - SEP -(17 2.516.75...... 85,000.00
40 01 -MAR-()6 . 2.516.75...... 10.000.00 55.000.00 . 15.037.50
41 01 - 8EP -()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 13,467,50
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 -II 966.75 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 $349.582.50
\ · Due to mlslnterpretalion 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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CITY Of SAN BERNAADINO :
DEPARTt.ENT Of PUBtIC WORKS
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