Resolution Number 67-7-17-5405
RESOLUTION NO. 67-7-17-5
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 1967-68
WHEREAS, the City Council of the City of San Juan Capistrano has sold Seven
Hundred Thousand and no/100 Dollars ($700,000.00) in General Obligation Bonds, as
provided by a special election held for that purpose and so authorizing the con-
struction 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
Forty-two Thousand Three Hundred Nine and no/100 Dollars ($4.2,390.00) in interest
and principal with regard to the municipal sewer General Obligation Bonds, the
City Council deems it necessary to establish and impose an assessment rate of
Thirty Five Cents ($ .35) 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 Thirty-three
Thousand Five Hundred Forty-five and no/100 Dollars ($33.545.00) 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 17th day of
July, 1967.
Mayor of the City of
ATTEST: San Juan Capistrano
Aal� ze_
Cit lerk 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 67-7-17-5, adopted by the City Council on the 17th
day of July, 1967, and was so passed and adopted by the following stated vote, to wit:
AYES: COUNCILMEN: BATHGATE, DURNFORD, OLIVARES and CHERMAK
NOES: COUNCILMEN: NONE
ABSENT: COUNCILMAN: BUCHHEIM
and was thereafter on said day signed and approved by the Ma or, of said City
City Mrk