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Resolution - 8092RESOLUTION NO. 8092 • A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, FIXING THE AMOUNT OF MONEY NECESSARY TO BE RAISED BY THE ASSESSMENT FOR THE FISCAL YEAR BEGIN- NING JULY 1, 1987, FOR WOODSIDE VILLAGE MAINTENANCE DISTRICT NO. 1, CITY OF WEST COVINA, AND FIXING RATES OF ASSESSMENT FOR SAID MAINTENANCE DISTRICT AND LEVYING THE ASSESSMENT FOR THE FISCAL YEAR BEGINNING JULY 1, 1987 FOR SAID MAINTE- NANCE DISTRICT. • The City Council of the City of West Covina does resolve as follows: SECTION 1. As applicable, the assessment levied on real property is exempt from the application of Article 13A, Section l(A) of the Constitution of the State of California and is levied for the benefit of the residents of that District. SECTION 2. The amount of money necessary to be raised by the assessment, upon the assessable property within Woodside Village Maintenance District No. 1, City of West Covina, for the current fiscal year beginning July 1, 1987, is hereby fixed as follows: For the cost of maintaining and operating the open space, improve- ments and facilities thereon within the Woodside Village Maintenance District No. 1, City of West Covina: $189,744. SECTION 3. For the purpose of raising the sum of money necessary to be raised by the assessment upon the assessable real property within Woodside Village Maintenance District No. 1, City of West Covina as revenue to maintain and operate the open space, improvements and facilities within said maintenance district, the rate is hereby fixed and assessments are hereby levied on all assessable real property in the said Maintenance District for the fiscal year beginning July 1, 1987 in the number of cents upon one hundred dollars of the assessed value of said assessable real property as assessed by the County Assessor and equalized by the Assessment Appeals Board of the County of Los Angeles, and with respect to certain property as assessed by the State Board of Equalization and equalized by said Board as follows: Assessed Value of Land within Entire District ................... $101,196,937. Benefit Assessment Rate ............. $0.1875 per hundred dollars. No separate assessment is being levied upon the assessable property within any zone in Woodside Village Maintenance District No. 1 for the fiscal year beginning July 1, 1987, and no money is being raised to finance special services within any such zone. SECTION 4. The City Clerk shall certify to the adoption of this Resolution and the same shall be in full force and effect immediately upon adoption. In accordance with Section 36936.1 of the Government code, the • City Clerk shall cause publication of this Resolution in the same manner and within the same time as ordinances are required to be published. APPROVED and ADOPTED this 24th day of August 1987. Mayor ATTEST: City Clerk- -2- I HEREBY CERTIFY that the foregoing Resolution No. ggy2_ was duly adopted by the City Council of the City of West Covina at a regular meeting thereof, held on the 24th day of August , 1987 by the following vote of the Council: AYES: COUNCILMEMBERS: Tennant, Shearer, Manners, Chappell NOES: COUNCILMEMBERS: None • ABSENT: COUNCILMEMBERS: Bacon APPROVED AS TO FORM: City Attorney • 4Lizz- /�� a7� City Clerk