HomeMy WebLinkAbout1981-07-09 - Resolution No. 81-07YORBA LINDA COUNTY WATER DISTRICT
RESOLUTION N0.81-07
RESOLUTION REQUESTING THE INVESTIGATION
AND CERTIFICATION BY THE OFFICE OF THE STATE
TREASURER, DISTRICTS SECURITIES DIVISION,
PURSUANT TO SECTION 58750, ET SEQ., AND 36173
OF THE GOVERNMENT CODE, OF IMPROVEMENT DISTRICT
NO. 2 1979 WATER BONDS, SERIES B
WHEREAS, the Yorba Linda County Water District (herein
"District") has completed proceedings for the authorization
of general obligation bonds for Improvement District No. 2
in the amount of $41,660,000 pursuant to an election held
on June 13, 1978; and
WHEREAS, the District, on behalf of Improvement District
No. 2, has previously issued $1,005,000 of said authorized
bonds designated "1979 Water Bonds, Series A", which bonds
were not subject to investigation and certification pursuant to
the District Securities Investigation Law of 1965; and
WHEREAS, the Board of Directors of said District finds
it necessary and desirable to issue and sell not to exceed
$12,000,000 of said authorized bonds to be designated "1979
Water Bonds, Series B"; and
WHEREAS, the Board has preliminarily determined that
the issuance of the Series B bonds may be subject to prior
investigation, report and approval by the Districts Securities
Division of the Office of the State Treasurer, under the
District Securities Investigation Law of 1965, because the
0 0
amount of Improvement District No. 2's share of the out-
standing indebtedness of the District, together with the
outstanding indebtedness of the Series A bonds, and the
principal amount of the Series B bonds proposed to be
issued may exceed 200 percent of the assessed value of
the land and improvements within Improvement District No. 2,
as shown on the last equalized assessment roll for Orange
County, California;
NOW, THEREFORE, BE IT RESOLVED by the Board of
Directors of Yorba Linda County Water District as follows:
SECTION 1. This Board of Directors does hereby re-
quest the investigation and certification by the Office
of the State Treasurer, Districts Securities Division, of
Improvement District No. 2 1979 Water Bonds, Series B, to
be issued and sold by Yorba Linda County Water District in
a total amount of not to exceed $12,000,000, in accordance
with the terms and conditions of the Resolution Nos. 79-13
and 81-06, and to approve any and all provisions of said
resolutions.
SECTION 3. The Secretary of this District is hereby
authorized to file with the Office of the State Treasurer,
Districts Securities Division, certified copies of this
resolution, together with such documents as said Division
may require for such approval.
2.
PASSED AND ADOPTED on July 9, 1981, by the following
vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
(SEAL)
ATTEST:
Directors Lindow, Clodt, Korn, Cromwell and Knauft
None
None
None
Presideik of the "Board of
Directors of Yorba Linda
County Water District
Secret ry of Yorba Linda
County Water District
3.