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1025
LOSALTOSHILLS
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1025
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Last modified
3/29/2016 9:58:59 AM
Creation date
3/29/2016 9:58:47 AM
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Resolutions
Number
1025
Date
1977-04-20
Description
Endorsing the Revenue Bond Issue of the Santa Clara Valley Water District
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RESOLUTION #1025 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE <br /> TOWN OF LOS ALTOS HILLS ENDORSING THE REVENUE BOND ISSUE <br /> OF THE SANTA CLARA VALLEY WATER DISTRICT <br /> WHEREAS, the Santa Clara Valley Water District has called an election <br /> to be held on May 31, 1977 seeking authority to issue $56,000,000 of Revenue <br /> Bonds to improve its water service to levels consistent with the Master Plans <br /> of the Cities and the County of Santa Clara; and <br /> WHEREAS, Revenue Bonds will place no burden upon property taxes or upon <br /> residents not benefited but will be repaid only by the revenues of the water <br /> enterprise so funded; and <br /> WHEREAS, a bond issue for such funding will spread the cost thereof to <br /> future as well as present water users; and. <br /> WHEREAS, the major improvements to be funded are required to take <br /> advantage of the Federal San Felipe Water Project which has had the final approval <br /> of the administration of President Carter; <br /> NOW, THEREFORE, be it resolved by the City Council of the City of the Town <br /> of Los Altos Hills that the said proposed Issue of Revenue Bonds by Santa Clara <br /> Valley Water District is endorsed and that approval thereof by the voters of the <br /> District is urged. <br /> REGULARLY PASSED AND ADOPTED this 20th day of April , 1977. <br /> APPROVED: <br /> ATTEST: <br /> Ma or <br /> C'ty Cler <br /> I HEREBY CERTIFY that the foregoing is a true and correct copy of a <br /> Resolution duly passed and adopted by the City Council of the Town of Los Altos <br /> Hills on the 20th day of April , 1977. <br /> ATTEST: <br /> City Clerk <br />
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