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Resolution Number 90-8-21-6161 RESOLUTION NO. 90-8-21-6 SETTING AD VALOREM TAX RATE A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, ESTIMATING AMOUNT OF MONEY TO BE RAISED BY AD VALOREM TAXATION IN THE CITY OF SAN JUAN CAPISTRANO DURING THE FISCAL YEAR 1990- 1991 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 1990 General Obligation Bonds of the City of San Juan Capistrano (Open Space Program) (the 'Bonds"); and, 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 the fiscal year 1990-1991 for the payment of debt service on the Bonds is $.02454 per $1.00.00 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 levies and cause to be collected the amounts requested in Section I hereof at the time and in the manner of levying other County taxes. 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 21st day of August , 1990. GAKY USDORFER, MAY R ATTEST: L. OEM ORA,K411ro i -1- 162 STATE OF CALIFORNIA COUNTY OF ORANGE ) ss CITY OF SAN JUAN CAPISTRANO ) 1, 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. 90-8-21-6 adopted by the City Council of the City of San Juan Capistrano, California, at a regular meeting thereof held on the 21st day of August , 1990, by the following vote: AYES: Councilmen Bland, Buchheim, Friess, Schwartze and Mayor Hausdor£er NOES: None ABSTAIN:None ABSENT: None (SEAL) � CHERYL JZHNS , CIT CLERK -2-