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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�