Resolution Number 11-08-02-01RESOLUTION NO. 11-08-02-01
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SAN JUAN CAPISTRANO, CALIFORNIA, ESTABLISHING
THE PROPERTY TAX RATE FOR BONDED
INDEBTEDNESS (OPEN SPACE MEASURE D-1990) FOR
FISCAL YEAR 2011112
WHEREAS, the City Council of the City of San Juan Capistrano desires to
establish the rate of property tax required to generate an amount of revenue from the
tax base to provide sufficient moneys to pay debt service on the voter approved bonded
indebtedness payable during the fiscal year ending June 30, 2012; and
WHEREAS, the total net taxable secured assessed valuation of the City of San
Juan Capistrano is now estimated at $5,674,262,643 full value; and
WHEREAS, the total amount of revenue necessary to provide sufficient funds to
pay debt service for the fiscal year ending June 30, 2012 is estimated at $630,365.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of San
Juan Capistrano does hereby
SECTION 1:
Set the property tax rate within the City for the City of San Juan Capistrano
General Obligation Bond, Election of 1990 (Open Space Measure D - 1990) for the
fiscal year ending June 30, 2012, and is hereby established at $0.01060 per $100
assessed value.
SECTION 2:
Authorize and direct the City Manager and the City Treasurer to take any and all
actions necessary to ensure that the Auditor -Controller of the County of Orange,
California makes this levy and causes to be collected the amounts requested in Section
1 hereof at the time and in the manner of levying other County taxes. These amounts
shall be reported separately as remittances are made to the City.
5/2/2011
SECTION 3:
The City Clerk is hereby directed to furnish the Office of the Auditor -Controller,
County of Orange, Attn: Frank Davies, Property Tax Section, P.O. Box 567, Santa Ana,
CA 92702-6567..
PASSED, APPROVED AND ADOPTED this 2nd day of August, 2011.
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO }
I, MARIA MORRIS, appointed City Clerk of the City of San Juan Capistrano, do hereby
certify that the foregoing Resolution No. 11-08-02-01 was duly adopted by the City
Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 2" d
day of August 2011, by the following vote:
AYES: COUNCIL. MEMBERS: Freese, Reeve, Taylor and Mayor pro tem Kramer
NOE§ COUNCIL MEMBER: None
ABS T: 1 I COUNCIL MEMBER: Mayor Allevato
, City
2 8/2/2011