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Resolution Number 76-8-4-3171 RESOLUTION NO. 76-8-4-3 SETTING CITY TAX RATE A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, ESTABLISHING AND IMPOSING THE AD VALOREM TAX RATE FOR FISCAL YEAR 1976-77 AT NINETY-NINE CENTS ($0.99) PER ONE HUNDRED DOLLARS($100.00) OF ASSESSED VALUATION WHEREAS. the amount of revenue required to be raised by property taxation to carry out the municipal functions of the City of San Juan Capistrano for fiscal year 1976-77 is the sum of Five Hundred Eighty -Five Thousand Dollars $585,000.00); and, WHEREAS, the tax rate necessary to raise the aforesaid sum of money necessary for municipal functions is Eighty -Seven Cents ($0.87) for each One Hundred Dollars ($100.00) of assessed valuation as equalized and entered on the records of the Orange County Assessor; and, 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, the revenue required to pay the sum of Eighty -Four Thousand Dollars ($84,000.00), being the principal and interest and administrative charges payable on such General Obligation Bonds due in fiscal year 1976-77, is Twelve Cents ($0.12) per One Hundred Dollars ($100.00) of assessed valuation as equalized and entered on the records of the Orange County Assessor. NOW, THEREFORE, BE IT RESOLVED that the tax rate for the City of San Juan Capistrano for fiscal year 1976-77 be and is hereby established as follows: 1. General Fund: Eighty -Seven Cents ($0.87) or each One Hundred Dollars ($100.00) of assessed valuation as equalized and entered on the records of the Orange County Assessor . . . . . . . . . . . . . . . $0.87 2. General Obligation Bond Redemption: Twelve Cents 0. per One Hundred Dollars ($100.00) of assessed valuation as equalized and entered on the records of the Orange County Assessor . . . . . . . . 0.12 Resulting in a total City tax rate of Ninety -Nine Cents ($0.99) for fiscal year 1976-77 . . . . . . . . . . . . . . . 0.99 BE IT FURTHER RESOLVED that the City Clerk shall be and hereby is authorized and directed to publish this Resolution in a newspaper of general circulation within the City of San Juan Capistrano 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 4th day of August, 1976, -1- by the following vote, to wit: AYES: Councilmen Sweeney, McDowell, Heckscher and Mayor Nash NOES: Councilman Friess ABSENT: None ATTEST: DOSS B. WASH, MAYOR STATE OF CALIFORNIA ) COUNTY OF ORANGE 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. 76-8-4-3, adopted by the City Council of the City of San Juan Capistrano, California, at a regular meeting thereof held on the 4th day of August, 1976. (SEAL) MARY ANNrOVER, CITY CLERK -2- STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. AFFIDAVIT OF POSTING CITY OF SAN JUAN CAPISTRANO ) AND PUBLICATION MARY ANN HANOVER, being first duly sworn, deposes and says: That she is the duly appointed and qualified City Clerk of the City of San Juan Capistrano; That in compliance with State laws of the State of California Resolution No. 76-8-4-3 , being: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, ESTABLISHING AND IMPOSING THE AD VALOREM TAX RATE FOR FISCAL YEAR 1976-77 AT NINETY-NINE CENTS ($0.99) PER ONE HUNDRED DOLLARS ($100.00) OF ASSESSED VALUATION was published in the DAILY SUN POST newspaper on AZ and in further compliance with City Resolut'on No. 74-1-28-4, on C she caused said Resolution to be posted in three ) public places in the City of San Juan Capistrano, to wit: The Administration Building; The Post Office; The Orange County Public Library. ce City of -3- uvhx, uizy ulerx Juan Capistrano, California