HomeMy WebLinkAbout2000-06-22 - Resolution No. 00-06RESOIAITION NO. 00-06
RESOLUTION OF THE. BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
ADOPTING FISCAL YEAR 2000-2001
DEBT SERVICE REQUIREMENT FOR
IMPROVEMENT DISTRICT NO.2
"1998" REFUNDING GENERAL OBLIGATION BONDS
WHEREAS, on June 13, 1978 the Yorba Linda Water District obtained voter authorization for
the establishment of Yorba Linda Water District Improvement District No. 2
(I.D.-2) and for the issuance of $41.660,000 in general obligation bonds to pay
for water production, storage and transmission facilities to serve I.D.-2: and.
WHEREAS, on April 26. 1979 the Yorba Linda Water District issued and sold Series "A"
1.D.-2 Water Bonds in the face amount of $1.005.000, and
WHEREAS, on May 1, 1984 the Yorba Linda Water District issued and sold Series "B" I.D.-2
Water Bonds in the face amount $10,000.000: and.
WHEREAS, on February 1, 1987 the Yorba Linda Water District issued and sold " 1987
Refunding Bonds" to provide for the advance refunding of $9.795.000 principal
amount of outstandin, 1979 Series "B" Bonds in the face amount of
$11.915,0(x): and.
WHEREAS, on March 8. 1990, the Yorba Linda Water District issued and sold Series "C"
I.D.-2 Water Bonds in the face amount of $6.000,000: and.
WHEREAS, on September 16. 1998 the Yorba Linda Water District issued and sold "1998"
Refunding Bonds to provide for the redemption of all outstanding bonds of the
1979 Water Bonds Series ".A" and "B". 1987 Refundin_ Bonds. Series "C''
General Obligation Bonds, of Improvement District 11: 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 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
1.D.-2 Series "A". Refunding Bonds and Series "C" 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
S 1.619.852 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 th
County of Orange Auditor-Controller a copy of this resolution together with any
such documentation the County Auditor-Controller m.w require in order to
accomplish the purposes of this resolution.
PASSED AND ADOPTED this 22nd day of June. 2000, by the following called vote:
Ayes: Beverage, Armstrong, Abramowitz, Barbre and Korn
Noes: None
Absent: None
Abstain: None
President. Mic Beverage
Yorba Linda ater District
SeVretary. Williafn J. Rober
Yorba Linda ater District