HomeMy WebLinkAbout21- Water Department CITY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION
From: Bernard C. Kersey Subject: Establishing Fiscal Year 1998/99
Assessment of $14,300.00 for Parcels
Water Department within the Previous Boundaries of
Dept: COPY the South San Bernadino County
Date: May 4, 1998 Water District
Synopsis of Previous Council action:
None
MAY CJ 5 199 ;
Recommended motion:
Adopt Resolution
Signature
Contact person: Neil Thomsen Phone: 384-5093
Supporting data attached: Yes Ward: First
FUNDING REQUIREMENTS: Amount:
N/A
Source: (Acct No.)
(Acct Description)
Finance:
Council Notes:
,5-0262 Agenda Item No. Oil
CITY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION
STAFF REPORT
South San Bernardino County Water District (District) merged with
the City of San Bernardino effective August 1, 1991 . The terms and
conditions of the merger were approved by the Board of Directors of
South San Bernardino Water District, the Board of Water
Commissioners, the Mayor and Common Council, and the Local Agency
Formation Commission. The Board of Supervisors, County of San
Bernardino, as conducting authority, approved the merger on July
15, 1991 .
A condition of the merger stipulated that the City of San
Bernardino would be the successor agency within the jurisdiction of
the Board of Water Commissioners; with the successor agency
assuming all- rights, responsibilities, properties, equipments,
contracts, assets and liabilities, and functions of the South San
Bernardino County Water District .
The District issued and sold Series "C" Waterworks Bonds in the
amount of $150 , 000 . 00 in 1988, pursuant to a 1958 vote of the
people of the district, to incur bonded indebtedness of $400, 000 . 00
for the purchase of certain improvements of the District .
The amount of the assessment for all assessable parcels within the
boundaries of the previous South San Bernardino County Water
District for the 1998/99 Fiscal year has been determined to be
$9, 300 . 00 in interest and $5, 000 . 00 in principal, totaling
$14 , 300 . 00 .
The City of San Bernardino is the successor agency to South San
Bernardino County Water District; and the Board of Water
Commissioners has approved the assessment on May 19, 1998, and
recommends that the Mayor and Common Council adopt the attached
Resolution.
1 RESOLUTION NO.
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 "C"
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 $19,300.00 FOR THE FISCAL YEAR 1998/99.
3 through the County of San Bernardino Tax Collector.
4 I HEREBY CERTIFY that the foregoing resolution was duly
5 adopted by the Mayor and Common Council of the City of San
6 Bernardino at a meeting thereof, held
7 on the day of 1998 ,
8 by the following vote to wit :
9 COUNCIL MEMBERS: AYES NAYES ABSTAIN ABSENT
10 ESTRADA
11 LIEN
12 ARIAS
13 SCHNETZ
14 DEVLIN
15 ANDERSON
16 MILLER
17
18
Rachel Clark, City Clerk
19
20 The foregoing resolution is hereby approved this
21 day of 1998 .
22
23 Judith Valles, Mayor
City of San Bernardino
24 APPROVED AS TO FORM
AND LEGAL CONTENT
25
26 JAMES F. PENMAN
City At+orney
28
5/9/98 2
South San Bernardino Water District Issue Date: 03/01/88
1958 Waterworks 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-89 5,812.50 150,000.00 $11,625.00
3 01 -SEP -89 5,812.50 150'000.00
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 Ot -SEP -91 5,812.50 150,000.00
8 01 -MAR-02 5,812.50 150,000.00 11,625.00
9 Ot -SEP -92 5,812.50 150'000.00
10 01 -MAR-03 5,812.50 $5,000.00 $5,000.00 * 150,000.00 11,625.00
11 01 -SEP -93 5,812.50 1�'�'�
12 01 -MAR-94 5,812.50 5,000.00 10,000.00 . 150,000.00 11,625.00
150,000.00
13 01 -SEP --94 5,812.50
00 135,000.00 26,625.00
14 01 -MAR-95 5,812.50 (10,000.00) 0.00 * 15,000.
135,000.00
15 01 -SEP -95 5,231.25
5,000.00 130,000.00 15,462.50
16 01 -MAR-96 5,231.25
130,000.00
17 01 -SEP -96 5,037.50
5,000.00 125,000.00 15,075.00
18 01 -MAR-97 5,037.50
125,000.00
19 01 -SEP -97 4,843.75
5,000.00 120,000.00 14,687.50
20 01 -MAR X98 4,843.7 5
120'
21 01 -SEP -98 4,650.00 000.00
22 01 -MAR X99 4,650.00 5,000.00 11.5,000.00 14,300.00
23 01 -SEP -99 4,456.25 115,000.00
5,000.00 110,000.00 13,912.50
24 Ol -MAR-00 4,456.25
110'
25 Ot -SEP -00 4,262.50 000.00
26 01 -MAR-01 4,262.50 5,000.00 105,000.00 13,525.00
27 01 -SEP -01 4,068.75 105,000.00
5,000.00 100,000.00 13,137.50
28 01 -MAR-02 4,068.75
100,000.00
29 01 -SEP -02 3,875.00
5,000.00 95,000.00 12,750.00
30 Ot -MAR-03 3,875.00
95,000.00
31 01 -SEP -03 3,681.25
5,000.00 90,000.00 12,362.50
32 Ot -MAR-04 3,681.25
90,000.00
33 01 -SEP -04 3,487.50
5,000.00 85,000.00 11,975.00
34 01 -MAR-0S 3,487.50
85,000.00
35 01 -SEP -05 3,293.75
10,000.00 75,000.00 16,587.50
36 01 -MAR-06 3,293.75
75,000.00
37 01 -SEP -06 2,906.25
10,000.00 65,000.00 15,812.50
38 01 -MAR-07 2,906.25
5,000.00
39 01 -SEP -07 2,518.75 5
40 01 -MAR-08 2,518.75 10,000.00 55,000.00 15,037.50
41 01 -SEP -08 2,131.25 $55,000.00
10,000.00 45,000.00 14,262.50
42 01 -MAR-09 2,131.25
45,000.00
43 01 -SEP -09 1,743.75
10,000.00 35,000.00 13,487.50
44 01 -MAR-10 1,743.75
35,000.00
45 01 -SEP -10 1,356.25
10,000.00 25,000.00 12,712.50
46 01 -MAR-11 1,356.25
25,000.00
47 01 -SEP -11 968.75
10,000.00 15,000.00 11,937.50
48 01 -MAR-12 968.75
15,000.00
49 01 -SEP -12 581.25
50 01 -MAR-13 581.25 15.000.00 0.00 16.162.50
Totals $199.562.50 $150.000-00 1349.562.50
* 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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