HomeMy WebLinkAbout2000-06-22 - Resolution No. 00-05RESOLUTION NO. 00-05
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE l'ORBA LINDA WATER DISTRICT
ADOPTING FISCAL YEAR 2000-2001
DEBT SERVICE REQUIREMENT FOR
IMPROVEMENT DISTRICT NO. 1
"1993" REFUNDING GENERAL OBLIGATION BONDS
WHEREAS, in June of 1978, the Yorba Linda Water District obtained voter authorization for
the establishment of Yorba Linda Water District Improvement District No. I
(YLWD I.D.-1) and for the issuance of S27,320.000 in general obligation bonds
to pay for water production, storage and transmission facilities to serve YLWD
I.D.-1: and.
WHEREAS, on August 24. 1978 the Yorba Linda Water District issued and sold Series "A"
YLWD I.D.-1 Water Bonds in the face amount of $2,234,000; and,
WHEREAS, on April 26. 1979 the Yorba Linda Water District issued and sold Series "B"
YLWD I.D.-1 Water Bonds in the face amount of $6,615,000; and.
WHEREAS, on October 14, 1993 the Yorba Linda Water District issued and sold "1993'"
Refunding Bonds to provide for the redemption of all outstanding bonds of the
1978 Water Bonds, Series A and B. of Improvement District No. 1; and,
WHEREAS, the Yorba Linda Water District is obligated to make principal and interest
payments on such bonds from revenue sources available to the District; and.
WHEREAS, the District elects to have the principal and interest payments collected on the tax
roll in the same manner, by the same persons, and at the same time as, and
together with and not separately from County taxes; and,
WHEREAS, the debt service requirements for Fiscal Year 2000-2001 have been presented to
and reviewed by the Board of Directors of the District,
NOW THEREFORE BE IT RESOLVED by the Board of Directors of the Yorba Linda Water
District as follows:
Section 1. The Fiscal Year 2000-2001 Bond Interest and Redemption requirement for
YLWD "1993" Refunding Bonds General Obligation Bonds, as shown on
Exhibit "A" attached hereto and by this reference incorporated herein, is hereby
approved and adopted.
Section 2. The District elects to have the County of Orange Auditor-Controller collect
$700,304 on the tax roll in the same manner, by the same persons, and at the
same time as, and together with and not separately from County taxes for the
purposes of retiring voter approved debt.
Section 3. The General Manager or his designee is authorized and directed to file with the
Count` of Orange Auditor-Controller a copy of this resolution together with any
such documentation the County Auditor-Controller may require in order to
accomplish the purposes of this resolution.
PASSED AND ADOPTED this 22nd day of June. 2(10(1, by the following called vote:
Ayes: Bcverap,-, Arms-i mig, Abramowitz, Barbre and Kom
Noes: Nont~
Absent: Now,
Abstain: None ,
ge
President. Michae /
Yorba Linda Wat
Secretary, ilia J. Robertson
Yorba Linda ater District
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