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.
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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