Resolution Number 66-7-25-3RESOLUTION NO. 66-7-25-3 283
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SAN JUAN CAPISTRANO, CALIFORNIA, ESTABLISHING AND
IMPOSING AN OBLIGATION BOND ASSESSMENT RATE FOR
REDEMPTION PURPOSES FOR THE FISCAL YEAR 1966-67
On motion of Councilman Bathgate, the following resolution was offered to the
City Council of San Juan Capistrano for acceptance and adoption:
WHEREAS, the City Council of the City of San Juan Capistrano has sold Seven
Hundred Thousand ($700,000) Dollars 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 neces-
sary 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 Thirty
Seven Thousand, Nine Hundred Fifty-two ($37,952.50) Dollars and Fifty Cents in
interest and principal with regard to the nunicipal sewer General Obligation Bonds,
the City Council deems it necessary to establish and impose an assessment rate of
Thirty-five ($0.35) Cents per One Hundred ($100.00) Dollar assessed valuation as
equalized and entered on the records of the Orange County Assessor the the present
year and/or ensuing year to enable an appropriation estimated at Twenty Five Thousand,
Six Hundred Seventy-nine ($25,679.00) Dollars to support other revenues available
for meeting this debt service obligation.
BE IT FURTHER RESOLVED AND ORDERED that the City Clerk be instructed to for-
ward a copy of this resolution to the County Auditor -Controller of the County of Orange.
AYES: COUNCILMEN: BATHGATE, BUCHHEIM, FORSTER, OLIVARES and DURNFORD
NOES: COUNCILMEN:- NONE
ABSENT: COUNCILMEN: NONE
AT ST,
Citt Clerk of the City of
San Juan Capistrano
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
San Juan Capistrano
I, ERNEST A. THOMPSON, City Clerk of the City of San Juan Capistrano, do
hereby certify that the foregoing resolution was duly and regularly adopted by said
City Council at a regular meeting held on the 25th day of July, 1966, and passed by
unanimous vote of said Council.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this
25t�d y of
July, 1966.
C y rk of the City of
San Juan Capistrano