HomeMy WebLinkAbout404 - Tax Apportionment for Capital Improvement�!
RESOLUTION N0. 404
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA
APPORTIONING A PART OF THE AD VALOREM TAX TO THE CAPITAL
IMPROVEMENT FUND.
WHEREAS, the City Council of the City of Costa Mesa, California, has
adopted a budget for the fiscal year 19$7-1958, and has established the ad valorem
tax rate at
One Dollar ($1.00)
per One Hundred Dollars ($100.00) of assessed
value; and
J
WHEREAS, the City Council finds and dtermines that Thirty -Five Cents
(35¢) of said One Dollar ($1.00) tax rate should be placed in the CAPITAL IMPROVE-
MENT FUND to enable the City to carry out capital improvement projects;
NOW, THEREFORE, The City Council of the City of Costa Mesa does hereby
resolve as follows:
SEVEN -TWENTIETHS (7/20) of all monies received by the City of Costa
Mesa during the fiscal year 19$7-1958 from the ad valorem property tax, including
unsecured personal property tax, shall be placed in the CAPITAL IMPROVEMENT FUND.
PASSED AND ADOPTED this 3rd day of September, 1957.
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ATTEST:
Ci�y C eTrl of the Ui y orOosr7T1asa
STATE OF CALIFORNIA)SS.
COUNTY OF ORANGE )
I, A. C. SWARTZ, City Clerk of the City of Costa Mesa, do hereby
certify that the above and foregoing Resolution No. 404 was duly and regularly
passed and adopted by the City Council of the City of Costa Mesa at a regular
meeting thereof held on the 3rd day of September, 1957.
City Clerk and ex -o cio o
City Council of the City of Costa Mesa
DATED; September 4, 1957 By vim' Deputy