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Resolution Number 13-06-18-04RESOLUTION NO. 13-06-18-04 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, ESTABLISHING THE PROPERTY TAX RATE FOR VOTER -APPROVED BONDED INDEBTEDNESS (OPEN SPACE MEASURE D-1990) FOR FISCAL YEAR 2013-2014 WHEREAS, the voters of the City of San Juan Capistrano approved bonded indebtedness and authorized the City Council of the City of San Juan Capistrano 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, 2014; and, WHEREAS, the total net taxable secured assessed valuation of the City of San Juan Capistrano is estimated at $5,833,268,798; and, WHEREAS, the total amount of revenue necessary to provide sufficient funds to pay debt service for the fiscal year ending June 30, 2014, is estimated at $229,738. 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, 2014, at $0.00376 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. IRFrTI()N '1 - 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 92702-0567. 1 6-18-2013 Reso. No. 13-06-18-04 PASSED, APPROVED AND ADOPTED this 18th day of June 2013. STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF SAN JUAN CAPISTRANO ) JOHN TAYLOR M,�YOR I, MARIA MORRIS, appointed City Clerk of the City of San Juan Capistrano, do hereby certify that the foregoing Resolution No. 13-06-18-04 was duly adopted by the City Council of the City of San Juan Capistrano at a Special meeting thereof, held the 18th day of June 2013, by the following vote: AYES: CO'' NCIL MEMBERS: NOES: NCIL MEMBER: ABSENUNCIL MEMBER: r MARIA07-, City Cler Kramer, Reeve, Allevato and Mayor Taylor None Byrnes E 6-18-2013 Reso. No. 13-06-18-04