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Reso 2006-721f. RESOLUTION No. 2006 -721 A RESOLUTION OF THE COSTA MESA SANITARY DISTRICT BOARD OF DIRECTORS SUPPORTING PROTECTION OF LOCAL REVENUES AND RESERVES DEDICATED TO FUNDING AND DEVELOPING INFRASTRUCTURE WHEREAS, the Costa Mesa Sanitary District is an independent special district; and, WHEREAS, ad valorem taxes are collected from property owners within the Costa Mesa Sanitary District boundaries and, pursuant to legislation, a portion distributed to the Costa Mesa Sanitary District; and, WHEREAS, these ad valorem taxes are needed for future rehabilitation, reconstruction and replacement of infrastructure; and, WHEREAS, this Board is opposed to re- allocation or shifting of these revenues and funds for programs or purposes outside those for which they were approved; and, WHEREAS, protecting local property taxes and reserves is the key to securing a sound financial foundation for local infrastructure; and, WHEREAS, in order to develop and maintain essential services necessary for public health, this revenue source requires permanent protection, along with the protection of local reserves; NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Costa Mesa Sanitary District; that this Board firmly supports amendment of the state Constitution to protect local property taxes and reserves as an essential method of stabilizing local government revenues and encouraging local, regional, local -State and local - Federal partnership investments in infrastructure. PASSED AND ADOPTED by the Board of Directors of the Costa Mesa Sanitary District this 4th day of May, 2006. President of the Bogfd Secretary of the Board STATE OF CALIFORNIA) COUNTY OF ORANGE ) SS CITY OF COSTA MESA ) I, Joan Revak, Clerk of the Costa Mesa Sanitary District, hereby certify that the above and foregoing Resolution No. 2006 -721 duly and regularly passed and adopted by said Board of Directors at a Special Meeting thereof held on the Y-x;5t,_ day of 2006. IN WITNESS WHEREOF, I have, hereunto set my hand and affixed the seal of the Costa Mesa Sanitary District, this day, of 2006. Clerk of e Costa IM-6sa Sanitary District