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Resolution Number 05-07-05-01RESOLUTION NO. 05-07-05-p1 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 2005/2006 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 NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of San Juan Capistrano does hereby SECTION 1: Identify that the amount of money needed to be raised by taxation in the City of San Juan Capistrano (the "City") for fiscal year 2005/2006 for the payment of debt service on the General Obligation Refunding Bonds (Open Space Program) is $ 0.0314 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: Direct the Auditor -Controller of the County of Orange, California 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 5t' day of July, 2005. ATTEST: M RET R. MONAHAN, CITY CLERK STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF SAN JUAN CAPISTRANO ) I, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano, do hereby certify that the foregoing Resolution No. 05-07-05-01 was duly adopted by the City Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 5t' day of July 2005, by the following vote: AYES: COUNCIL MEMBERS: Allevato, Bathgate, Soto, Swerdlin, & Mayor Hart NOES: COUNCIL MEMBER: None ABS NT: CO NPE ER: None A GARET R. MONAHAN, City Clerk 07-05-2005