HomeMy WebLinkAboutResolution No. 56990 0
RESOLUTION NO. 5699
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF AZUSA SUPPORTING ENACTMENT OF
PROPOSITION 7 ON THE BALLOT FOR THE
ELECTION OF JUNE 2, 1970.
WHEREAS, the State of California faces a financial crisis
because of its inability to sell bonds of vital
concern to each and every resident, and,
WHEREAS, because of inflation, the State needs approval to
raise the -.interest rate now set at 5% to a more
realistic level not to exceed 7%. and,
WHEREAS, the voters have already approved issuance of the
bonds which cover such critical needs as water,
school construction, veteran building loans, and
park and recreation facilities, and,
WHEREAS, the massive State Water Project is already two-
thirds completed and would cost more to stop
than to finish, and,
WHEREAS, that project, as well as the program of loans to
veterans, are self-supporting and won't cost the
taxpayers a cent, and,
WHEREAS, the alternative to non -passage of Proposition 7
would be an increase in the sales tax or some
other form of painful taxation affecting everyone,
NOW, THEREFORE, BE IT RESOLVED, that the City Council of
the City of Azusa does hereby wholeheartedly
endorse Proposition 7 and urges all citizens to
vote "YES" at the election June 2.
Adopted and approved this 16th day of March, 1970.
I hereby certify that the foregoing resolution was
duly adopted by the City Council of the City of Azusa at a
regular meeting thereof held on the 16th day of March, 1970,
by the following vote of the Council:
AYES: Councilmen: Rubio, Decker, Snyder, Calvert, Solem
NOES: Councilmen: None
ABSENT: Councilmen: None