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Resolution Number 74-8-7-2251 RESOLUTION NO, 7.1-8-7-2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO ESTABLISHING AND IMPOSING THE AD VALOREM TAX RATE AND ESTABLISHING AN ASSESSMENT RATE FOR THE REDEMPTION OF GENERAL OBLIGATION BONDS FOR THE FISCAL YEAR 1974-1975 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 the fiscal year 1974-1975 is the sum of $447,000 and WHEREAS, the tax rate necessary to raise the aforesaid sum of money necessary for municipal functions is Ninety Cents ($0.90) for each One Hundred Dollars ($100.00) of assessed valua- tion as equalized and entered on the records of the Orange County Assessor; and WHEREAS, the City has heretofore issued General Obliga- tion Bonds in the sum of One Million Two Hundred Thousand Dollars ($1,200,000.00); and WHEREAS, the rate of assessment required to redeem the sum of Eighty-Seven,Thousand One Hundred Eighty -Five Dollars ($87,185.00), being the principal and interest payable on such General Obligation Bonds in fiscal year 1974-1975, is Twenty Cents ($0.20) 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 fiscal year 1974-1975 be and is hereby established at Ninety Cents ($0.90) for each One Hundred Dollars ($100.00) of assessed valuation as equalized and entered on the records of the Orange County Assessor. BE IT FURTHER RESOLVED that the assessment rate for the redemption of the General Obligation Bonds of the City of San Juan Capistrano for the fiscal year 1974-1975 shall be and hereby is established at Twenty Cent: (50.20) por One Hundred Dollars of assessed valuation as equalized and -entered on the records of the Orange County Assessor. C' 2 BE IT FURTHER RESOLVED that the City Clerk shall be and hereby is authorized and directed to publib h this Resolution in a newspaper of general circulation with the City OC San Juan Capistrano within fifteen (15) days after adoption hereof. BE IT FURTBER RESOLVED that the City Clerk shall be and hereby is authorized and directed to forward a copy of this reso- lution to the County Auditor -Controller of the County of Orange. PASSED, APPROVED AND ADOPTED this 7th day of August, 1974, by the following vote,to wit: 4 AYES: COUNCILMEN: NOES: COUNCILMEN: ABSENT: COUNCILMEN Weathers, Heckscher and Mayor Byrnes Councilmen Sweeney and Nash None itayer ofhe City of San Juan apistrano ATTEST: My Clerk STALE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF SAN JUAN CAPISTRANO ) I, MARY ANN EANOVER, City Clerk of the City of San Juan Capistrano, California, do hereby certify that the foregoing is a true and correct copy oT Resolution No. 74--8-7-2 adopted by the City Council of the City of San Juan Capistrano, California, at a regular meeting thereof held on the 7th day of August, 1974. (SEAL) PITY CLL! , _2__ STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF SAN JUAN CAPISTRANO ) and says: 2"5 AFFIDAVIT OF POSTING AND PUBLICATION MARY ANN HANOVER, being first duly sworn, deposes 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 and, in further compliance with City Resolution No. 74-1-28-4, and on the 9th day of August , 1974 , she caused to be posted Resolution No. 74-8-7-2 , being: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO ESTABLISHING AND IMPOSING THE AD VALOREM TAX RATE AND ESTABLISHING AN ASSESSMENT RATE FOR THE REDEMPTION OF GENERAL OBLIGATION BONDS FOR THE FISCAL YEAR 1974-1975. and was published in the Good News newspaper on August 15, 1974, and, in three (3) public places in the City of San Juan Capistrano, to wit: The Administration Building; The Post Office; The orange County Public Library. MARY ANN NOVER, City Clerk San Jua Capistrano, California