Resolution Number 17-06-20-08RESOLUTION NO. 17-06-20-08
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 Y-2008) 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 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 $2,079,856.
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 2008 (Open Space Measure Y -2008) for the
fiscal year ending June 30, 2018, at $0.02897 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 20th 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. 17-06-20-08 was duly adopted by the
Cit~ Council of the City of San Juan Capistrano at the Regular meeting thereof, held the
20t 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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