Resolution Number 03-07-15-02RESOLUTION NO. 03-07-15-0 2
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, ESTIMATING THE AMOUNT OF MONEY TO
BE RAISED BY AD VALOREM TAXATION IN THE CITY OF SAN JUAN
CAPISTRANO DURING THE FISCAL YEAR 2003/2004 FOR DEBT
SERVICE AND REQUESTING THE LEVY OF A TAX IN THE CITY OF SAN
JUAN CAPISTRANO
WHEREAS, Pursuant to Sections 43632 and 43634 of the Government Code of the
State of California, the City Council shall levy and collect a tax as other City taxes are
levied and collected, sufficient to pay the interest and such part of the principal as will
become due before the proceeds of a tax levied at the next general tax levy will be
available, on the Series "A"of 1998 General Obligation Refunding Bonds (Open Space
Program), $1,719,805.
NOW, THEREFORE, BE IT RESOLVED, that the City Coundil of the City of San
Juan Capistrano does hereby
SECTION 1:
The amount of money needed to be raised by taxation in the City of San Juan
Capistrano (the "City") for fiscal year 2003/2004 for the payment of debt service on the
General Obligation Refunding Bonds (Open Space Program) is $ 0.0379 per $100 of
assessed valuation of property located within the City. This tax rate is in compliance with
Revenue and Taxation Code Section 93(c) and secures bonds approved after January 1,
1989 for purposes of Article XVI, Section 16 of the California Constitution.
SECTION 2:
The Auditor -Controller of Orange County is hereby directed to make this levy and
cause 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, 630 North Broadway, Santa Ana, California 92702 with a certified copy
of this resolution.
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PASSED, APPROVED, AND ADOPTED this 15th day of July 2003.
ATTEST:
R. MONAHAN, CITY CLERK
STATE OF CALIFORNIA
COUNTY OF ORANGE )ss.
CITY OF SAN JUAN CAPISTRANO
1, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano, do
hereby certify that the foregoing Resolution No. 03-07-15-02 was duly adopted by the City
Council of the City of San Juan Capistrano at a regular meeting thereof, held the 1 5th day
of July 2003, by the following vote:
AYES: COUNCIL MEMBERS: Hart, Bathgate, Swerdlin, Soto and Mayor Gelff
NOES: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
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Mf!�ARET R. MONAHAN, City Clerk
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07-15-2003