Resolution Number 86-7-15-8RESOLUTION NO. 86-7-15-8 8 J
ADOPTING GENERAL OBLIGATION BOND TAX /� V
RATE - FISCAL YEAR 1986-87
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 1986-87 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 1986-87; 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 1986-87 is 0.006258
of the full value of secured property pursuant to Section 93 of
the California Revenue and Taxation Code.
NOW, THEREFORE, BE IT RESOLVED that the General
Obligation Bond tax rate for the City of San Juan Capistrano for
fiscal year 1986-87 be and is hereby established as follows:
General Obligation Bond Redemption:
0.006258 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
hereby is 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 15th day of
July 1986
KENNETH E. FR ESS,' YOR
ATTEST:
CITY CLE
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288
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. 86-7-15-8 , adopted by
the City Council of the City of San Juan Capistrano, California,
at a regular meeting thereof held on the 15th day of
July 1 1986 , by the following vote:
AYES: Councilmen Schwartze, Bland, Buchheim,
Hausdorfer, and Mayor Friess
NOES: None
ABSENT: None
(SEAL)
MARY ANN VER, CITY CLERK
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