Resolution Number 88-7-19-3171
RESOLUTION NO. 88-7-19-3
ADOPTING GENERAL OBLIGATION BOND TAX RATE - FISCAL YEAR 1999-89
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
JUAN CAPISTRANO, CALIFORNIA, ESTABLISHING AND
IMPOSING AN AD VALOREM GENERAL OBLIGATION BOND TAX
RATE FOR THE 1988-89 FISCAL YEAR
WHEREAS, the City has heretofore issued General Obligation Bonds in the sum
of One Million Two Hundred Thousand Dollars ($1,200,000.00); and,
WHEREAS, revenue is required to be raised by property taxation to pay the
principal and interest and administrative charges payable on such General Obligation
Bonds due in Fiscal Year 1988-89; and,
WHEREAS, the tax rate levied herein to raise the sums of money necessary for
bond redemption and interest and administrative charges due in the Fiscal Year 1988-89
is 0.00625% of the full value of secured property pursuant to Section 92 of the California
Revenue and Taxation Code.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of
San Juan Capistrano, does hereby establish the following General Obligation Bond tax
rate for Fiscal Year 1988-89:
General Obligation Bond Redemption
0.006256 of the full value of secured property
BE IT FURTHER RESOLVED, that the City Clerk shall be and hereby is
authorized and directed to publish this Resolution in a local newspaper within fifteen (15)
days after adoption hereof.
BE IT FURTHER RESOLVED, that the City Clerk shall be and is hereby
authorized and directed to forward a copy of this Resolution to the County
Auditor -Controller of the County of Orange
PASSED, APPROVED, AND ADOPTED this 19th day
of July , 1988.
ARY . LHAUSD�RFER, MAYOR
,ATTEST:
IT C ER
Be
172
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
I, MARY ANN HANOVER, 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. 88-7-19-3 adopted by the City Council of the City of San Juan
Capistrano, California, at a regular meeting thereof held on the 19th day
of July 1988, by the following vote:
AYES: Councilmen Schwartze, Friess, Buchheim, Bland, and
Mayor Hausdorfer
NOES: None
ABSENT: None
(SEAL)
MARY ANN A 'OVER, CITY CLERK
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