HomeMy WebLinkAbout79-108 - Levying Tax Under 1974 Open Space Bond Issue, 1979-80RESOLUTION NO. 79-108
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 1979-80.
•-- THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE AS
FOLLOWS:
THAT, WHEREAS, an election was held on September 11, 1973,
pursuant 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; and
WHEREAS, the City Council of the City of Costa Mesa certifies that
the tax rate levied herein is purusant to Revenue and Taxation Code
Section 2237(a) and other applicable laws;
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 interest
on bonded indebtedness incurred under the 1974 Open Space Bond Issue
.� Election, for the current Fiscal Year of 1979-80, which said rate is
sufficient for the aforesaid purpose.
BE IT FURTHER RESOLVED that there is hereby levied a tax for each
One Hundred ($100.00) Dollars of all the taxable assessed property
within the City of Costa Mesa at the equalized value thereof, for the
1979-80 fiscal year, at an amount equal to generate Two Hundred Fifty -
Eight Thousand Nine Hundred Sixty -Five ($258,965.00) Dollars in property
tax revenue for the above said purposes.
BE IT FINALLY RESOLVED that this Resolution shall take effect and
be in full force immediately.
PASSED AND ADOPTED this 20th day of August, 1979.
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Mayor of the tify 6f Costa Mesa
ATTEST:
City Clerk of the City of CostaU41sa
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. 79-108 was duly and regularly passed and adopted
by the said City Council at a regular meeting thereof, held on the 20th
day of August, 1979, by the following roll call vote:
AYES: COUNCIL MEMBERS: McFarland, Schafer, Raciti, Hertzog, Nall
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
Seal of the City of Costa Mesa this 21st day of August, 1979.
-City Clerk and ex -officio Clerk of e
City Council of the City of Costa Vesa