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Resolution Number 93-8-17-4RESOLUTION NO. 93-8-17-4 ' SETTING AD VALOREM TAX RATE - FISCAL YEAR 199394 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 1993-94 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 well become due before the proceeds of a tax levied at the next general tax levy will be available, on the Series 1990 General Obligation Bonds of the City of San Juan Capistrano (Open Space Program) (the "Bonds"), Series "A" of 1991 General Obligation Bonds (Open Space Program) and Series "A" of 1992 General Obligation Bonds (Open Space Program). 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 199394 for the payment of debt service on the Bonds if $0.0684 (allocated below) 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. Series 1990 (Issue #1) $0.0187 Series "A" of 1991 (Issue #2) $0.0294 Series "A" of 1992 (Issue #3) $0.0203 SECTION 2 The Auditor -Controller of Orange County is hereby directed to make these separate levies 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. 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,ANDADOPTED this-�"-&aybf— Au ust 11993. IL JOR ATTEST: MAVO CITY CLER -1- 1 �1 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. 93-8-17-4 adopted by the City Council of the City of San Juan Capistrano, California, at a regular meeting thereof held on the 17th day of August , 1993, by the following vote: AYES: Council Members Hausdorfer, Campbell, Vasquez and Mayor Jones NOES: None ABSTAIN: None ABSENT: Council Member Nash (SEAL) CHERYL JOHNSOW, CITY CLERK -2-