HomeMy WebLinkAbout77-107 - Levying Tax for Open Space Bond IssueRESOLUTION NO. 77-107
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, FIXING THE TAX RATE PER
CENTUM AND LEVYING A TAX UPON ALL OF THE TAXABLE
PROPERTY WITHIN THE CITY OF COSTA MESA WHICH IS
TAXABLE TO MEET THE CITY'S OBLIGATION UNDER THE
1974 OPEN SPACE BOND ISSUE FOR FISCAL YEAR
1977-78.
THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE AS
....
FOLLOWS:
THAT, WHEREAS, an election was held on September 11, 1973, pur-
suant to Title 4, Division 4, Chapter 4, Articles 1 through 8, Sections
43600 through and including 43904, California Government Code; and
WHEREAS, a bond issue for open space lands was approved by the
electorate at said election; and
WHEREAS, pursuant to Section 43632, California Government Code,
the City of Costa Mesa is required to levy a tax sufficient to meet all
payments of principal and interest on said bonds;
NOW, THEREFORE, BE IT RESOLVED that there be and is hereby levied
upon all the taxable property within the City of Costa Mesa, which is
taxable therein for municipal purposes, a tax for the purpose of raising
the necessary money with which to meet payments of principal and inter-
est on bonded indebtedness incurred under the 1974 Open Space Bond Issue
Election, for the current fiscal year of 1977-78 which said rate is
sufficient for the aforesaid purpose.
BE IT FURTHER RESOLVED that the rate per centum of the tax here-
inafter levied shall be and is hereby fixed as the sum of $0.0593 on
each One Hundred Dollars ($100.00) assessed value of all taxable
property within the City of Costa Mesa, for the aforesaid purpose.
BE IT FINALLY RESOLVED that this Resolution shall take effect and
be in full force immediately.
PASSED AND ADOPTED this 15th day of August, 1977.
ATTEST:
City Clerk of the City of Co to Mesa M or of the My s a Mesa
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF COSTA MESA )
I, EILEEN P. PHINNEY, City Clerk and ex -officio Clerk of the City
Council of the City of Costa Mesa, hereby certify that the above and
foregoing Resolution No. 77-107 was duly and regularly passed and
adopted by the said City Council at a regular meeting thereof, held on
the 15th day of August, 1977.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
Seal of the City of Costa Mesa this 16th day of August, 1977.
pp
City Clerk and ex -officio C1 of the
City Council of the City of osta Mesa