Resolution Number 98-8-4-1235
RESOLUTION NO. 98-8-4-1
SETTING AD VALOREM TAX RATE - FISCAL YEAR 1998-99
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 1998-99 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 ofthe 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) $1,741,829.
NOW, THEREFORE, the City Council of the City of San Juan Capistrano does hereby
RESOLVE, DETERMINE AND ORDER as follows:
SECTION 1.
The amount of money needed to be raised by taxation in the City of San Juan Capistrano
(the "City") for Fiscal Year 1998-99 for the payment of debt service on the General Obligation
Refunding Bonds (Open Space Program) is $0.0698 per $100.00 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.
PASSED, APPROVED, AND ADOPTED this 4th day of
August , 1998.
0
IL JONES, MAYOR
ATTEST:
CITY CLE
236
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
I, CHERYL JOHNSON, City Clerk of the City of San Juan Capistrano, California, DO
HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No.
98-8-4-1 adopted by the City Council of the City of San Juan Capistrano, California,
at a regular meeting thereof held on the 4th day of August 1998, by the
following vote:
AYES: Council Members Swerdlin, Greiner, Hart, Campbell
and Mayor Jones
NOES: None
ABSTAIN: None
ABSENT: None
(SEAL)
CHERYL JOFVSO9, CITY CLERK