Resolution Number 17-06-20-07RESOLUTION NO. 17-06-20-07
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 2017-2018
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 a 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, 2018; and,
WHEREAS, the total net taxable secured assessed valuation of the City of San
Juan Capistrano is estimated at $7, 179,342,526; and,
WHEREAS, the total amount of revenue necessary to provide sufficient funds to
pay debt service for the fiscal year ending June 30, 2018, is estimated at $424,299.
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, 2018, at $0.00591 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.
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 92702-0567.
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PASSED, APPROVED AND ADOPTED this 201h day of June 2017 .
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. 17 -06 -20 -07 was duly adopted by the
Cit~ Council of the City of San Juan Capistrano at the Regular meeting thereof, held the
201 day of June 2017, by the following vote:
AYES:
NOES:
ABSENT:
COUNCIL MEMBERS: Reeve, Maryott, Farias and Mayor Ferguson
COUNCIL MEMBERS: Patterson
COUNCIL MEMBERS: None
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