Resolution Number 70-7-27-4309
RESOLUTION NO. 70-7-27-4
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SAN JUAN CAPISTRANO, CALIFORNIA,
ESTABLISHING AND IMPOSING THE AD VALOREM
TAX RATE AND IMPOSING AN OBLIGATION BOND
ASSESSMENT RATE FOR REDEMPTION PURPOSES
FOR THE FISCAL YEAR 1970-71.
WHEREAS, the City of San Juan Capistrano is entering into
its tenth year of administration as an incorporated municipality;
and
WHEREAS, the financial experience reveals more realistic
factors than previously available; and
WHEREAS, in order to appropriate an amount of at least One
hundred seventy-seven thousand three hundred dollars ($177,300.00)
to administer the duties of the City of San Juan Capistrano for the
fiscal year 1970-71; and
WHEREAS, the City Council of the City of San Juan Capis-
trano has sold One million two hundred thousand dollars ($1,200,000.00)
in General Obligation Bonds, as provided by a special election held
for that purpose and so authorizing the construction of appropriate
facilities and sewer services for the populace of the municipality;
and
WHEREAS, in order to meet the obligation in redeeming said
bonds it is necessary to impose an assessment tax rate upon that
area of corporate limits at the time of said sale of bonds.
NOW, THEREFORE, BE IT RESOLVED that it is necessary for
the City Council of the City of San Juan Capistrano to establish
and impose a property tax rate of Ninety cents ($ .90) for each
One hundred dollars ($100.00) of assessed valuation as equalized
and entered on the records of the Orange County Assessor for the
present year and/or ensuing year.
BE IT FURTHER RESOLVED, that in order to cover the obli-
gation of Eighty-five thousand five hundred forty seven dollars
($85,547.00) in interest and principal with regard to the municipal
sewer General Obligation Bonds, the City Council deems it necessary
to establish and impose an assessment rate of Thirty cents ($ .30)
per One hundred dollars ($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 Fifty-five thousand three hundred eighty-one dollars ($55,381.00)
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 27th day of July,1970.
Mayor of the City of
San Juan Capistrano
ATTEST:
Ci y Clerk of the City of
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 70-7-27-4 adopted by the City Council on the 27th
day of July, 1970, and was so passed and adopted by the following
stated vote, to wit:
AYES: COUNCILMEN: THORPE, CHERMAK, GAMMELL
and FORSTER
NOES: COUNCILMEN: NONE
ABSENT: COUNCILMEN: BATHGATE
City Clerk