HomeMy Public PortalAboutResolution 35-94 Supporting General Revenue SharingRESOLUTION NO. 35-94
A RESOLUTION OF THE CITY OF MCCALL, VALLEY COUNTY, IDAHO SUPPORTING
GENERAL REVENUE SHARING TO CITIES, COUNTIES AND SCHOOL DISTRICTS.
Whereas
The Association of Idaho Cities supports the allocation of 8% of state general revenue from
income tax to cities, counties and school districts.
Idaho cities have only the "most hated" tax, the local property tax, to rely on to meet growing
budget demands, and
Governor Phil Batt has declared property tax relief to be a high priority of his administration;
Now, therefore, be it 'resolved by the Mayor and City Council of McCall, Idaho to request the Idaho
Legislsature provide property tax relief by supporting AIC's proposal to proved $45 million, 8% of state
income tax revenues, shared equally by cities, counties and school districts, such that cities and counties
will be required to deposit 50% of all moneys in a "property tax relief fund" and schools will be allowed to
use the funds only as match for their capital improvement bonds.
Al !EST:
CITY OF MCCALL
Mayor
NO.
UNITED STATES
STATE OF
COUNTY OF
OF AMERICA
IDAHO
VALLEY
CITY OF McCALL
LOCAL IMPROVEMENT DISTRICT NO. 2 INTERIM WARRANT
FOR VALUE RECEIVED, the City of McCall, Valley County, Idaho
(the "City"), acknowledges itself to owe, and promises to pay to
WEST ONE BANK, IDAHO
the original Registered Owner hereof or its assignee, at the office
of the City Treasurer, on or before the first day of June, 1995,
the sum of
DOLLARS
($ ) in lawful money of the United States of America,
together with interest thereon in like money at the rate of six
percent (6.0010 per annum from the date hereof, interest payable on
redemption.
This Warrant is registered, both .as to principal and interest,
with the City Treasurer, and any transfer hereof must likewise be
registered. This Warrant is a negotiable instrument, payable
solely from the prepayment of assessments or the issuance of local
improvement district bonds for Local Improvement District No. 2 of
the City, all as authorized by Ordinance No. 651, adopted on
February 10, 1994, and Resolution No. 34-94, adopted on December 8,
1994. The owner of this Warrant shall have no claim against the
City, its funds or property, except as set forth above.
This Warrant is issued for the purpose of providing part of
the interim funds necessary to construct the improvements
authorized for Local Improvement District No. 2, under and by
PAGE 1
virtue of and in full conformity with the Constitution and laws of
the State of Idaho and Ordinance No. 651 of the City.
IT IS HEREBY CERTIFIED, RECITED, AND DECLARED that all
matters, acts, conditions and things required by law to make this
Interim Warrant a valid and enforceable limited obligation of Local
Improvement District No. 2 of the City, have happened, have been
done, and have been performed, and the first proceeds of the
prepayment of local improvement district assessments and of the
issuance and sale of local improvement district bonds for Local
Improvement District No. 2 of the City, are pledged for the payment
of the same.
IN WITNESS WHEREOF., the City of McCall, Valley County, Idaho,
has caused this Warrant to be executed on its behalf and under its
official seal by its Mayor, countersigned by its Treasurer, and
attested by its City Clerk, all as of the day of
, 199
CITY OF MCCALL
Valley County, Idaho
By
Mayor
Treasurer
ATTEST:
City Clerk
( S E A L )
PAGE 2
* * * * * * * * * *
This Interim Warrant is registered in the name of the
registered owner whose name and address appear last below, and both
principal and interest are payable only to said owner.
NOTE: There must be no writing in the space below except by the
City Treasurer.
Name of Address of
Date of Registered Registered
Registry Owner Owner
Signature of
Treasurer
TREASURER'S CERTIFICATE
I, the undersigned, the Treasurer of the City of McCall,
Valley County, Idaho, hereby certify that the within Interim
Warrant has been duly registered in my office in the Registration
Book kept for that purpose.
Treasurer
City of McCall
PAGE 3