Resolution Number 69-7-28-4129
RESOLUTION NO. 69-7-28-4
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SAN JUAN CAPISTRANO, CALIFORNIA,
ESTABLISHING AND IMPOSING AN OBLIGATION
BOND ASSESSMENT RATE FOR REDEMPTION PUR-
POSES FOR THE FISCAL YEAR 1969-70.
WHEREAS, the City Council of the City of San Juan
Capistrano has sold One Million Two Hundred Thousand Dollars
($1,200,000.00) in General Obligation Bonds, as provided by a
special election held for that purpose and so authorizing
the construction of appropriate facilities and sewer services
for the populace of the municipality; and
WHEREAS, in order to meet the obligation in redeeming
said bonds it is necessary to impose an assessment tax rate upon
that area of corporate limits at the time of said sale of bonds.
NOW, THEREFORE, BE IT RESOLVED that in order to cover
the obligation of Sixty Eitht Thousand Two Hundred Ninety Three
Dollars ($68,293.00) in interest and principal with regard to
the municipal sewer General Obligation Bonds, the City Council
deems it necessary to establish and impose an assessment rate
of Thirty Cents ($.30) per One Hundred Dollar ($100.00) assessed
valuation as equalized and entered on the records of the Orange
County Assessor for the present year and/or ensuing year to enable
an appropriation estimated at Forty Nine Thousand Four Hundred
Seventy Eight Dollars ($49,478.00) to support other revenues
available for meeting this debt service obligation.
BE IT FURTHER RESOLVED AND ORDERED that the City Clerk
be instructed to forward a copy of this Resolution to the County
Auditor -Controller of the County of Orange.
The foregoing Resolution is approved and signed by me
this 29th day of July, 1969.
Mayor of the City o
San Juan Capistrano
ATTEST:
EClerk of t eit�
San Juan Capistrano
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
I, ERNEST A. THOMPSON, City Clerk of the City of San
Juan Capistrano, California, hereby certify that the foregoing
is a true and correct copy of a Resolution of the City Council
of said City numbered 69-7-28-4, adopted by the City Council
on the 28th day of July, 1969, and was so passed and adopted by -
the following stated vote, to wit:
AYES: COUNCILMEN: BATHGATE, DURNFORD, FORSTER,
OLIVARES and CHERMAK
NOES: COUNCILMEN: NONE
ABSENT: COUNCILMEN: NONE
No ROS'S WE 47WWMANA ��M/ - - M�