Resolution Number 18-06-11-06RESOLUTION NO. 18-06-11-06
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SAN JUAN CAPISTRANO, CALIFORNIA ESTABLISHING
THE PROPERTY TAX RATE FOR VOTER -APPROVED
BONDED INDEBTEDNESS (OPEN SPACE MEASURE Y)
FOR FISCAL YEAR 2018-19
WHEREAS, in the election of November 4, 2008, the voters of the City of San
Juan Capistrano approved bonded indebtedness and authorized the City Council of the
City of San Juan Capistrano to establish the rate of property tax required to generate an
amount of revenue from the tax base to provide sufficient moneys to pay debt service
on the voter -approved bonded indebtedness payable during the fiscal year ending June
30, 2019; and,
WHEREAS, the total net taxable secured assessed valuation of the City of San
Juan Capistrano is estimated to be $7,722,616,000; and,
WHEREAS, the total amount of revenue necessary to provide sufficient funds to
pay debt service for the fiscal year ending June 30, 2019, is estimated to be
$1,842,000.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of San
Juan Capistrano does hereby:
SECTION 1:
Set the property tax rate within the City for the City of San Juan Capistrano 2017
Taxable General Obligation Refunding Bonds (Open Space Measure Y) for the fiscal
year ending June 30, 2019, at $0.02385 per $100 assessed value.
SECTION 2:
Authorize and direct the City Manager and the City Treasurer to take any and all
actions necessary to ensure that the Auditor -Controller of the County of Orange,
California makes this levy and causes to be collected the amounts requested in Section
1 hereof at the time and in the manner of levying other County taxes. These amounts
shall be reported separately as remittances are made to the City.
SECTION 3 -
The City Clerk is hereby directed to furnish the Office of the Auditor -Controller,
County of Orange, Attn: Yani Painter, Property Tax Section, P.O. Box 567, Santa Ana,
CA 92702-0567.
6/11/2018
PASSED, APPROVED AND ADOPTED this 11th day of June 2018. ,!
SERGIO FARIAS, MAYOR
ATTEST-
0 V - -(XV
MA WNAWkRIS,'CIYYCLERK
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
COUNTY OF SAN JUAN CAPISTRANO)
I, Maria Morris, appointed City Clerk of the City of San Juan Capistrano, do hereby
certify that the foregoing Resolution No. 18-06-11-06 was duly adopted by the
City Council of the City of San Juan Capistrano at an Adjourned Regular meeting
thereof, held the 11th day of June 2018, by the following vote:
AYES: COUNCIL MEMBERS: Ferguson, Reeve, Maryott and Mayor Farias
NOES: COUNCIL MEMBERS: Patterson
ABSENT: COUNCIL MEMBERS: None
1
RIA MO RI C TY CLERK
2 6/11/2018