HomeMy WebLinkAbout80-83 - Fixing Tax Rate for 1974 Open Space Bond Issue, 1980-81RESOLUTION NO. 80-83
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 1980-81.
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 the 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 sum of Two Hundred Sixty -Four Thousand Four Hundred Fifteen dollars
($264,415.00), with which to meet payments of principal and interest
of bonded indebtedness incurred under the 1974 Open Space Bond Issue
Election, for the current fiscal year of 1980-81, which said amount is
sufficient for the aforesaid purpose.
BE IT FURTHER RESOLVED that the rate per centum of the tax herein-
after levied shall be and is hereby fixed as the sum of $0.0516 on each
One Hundred Dollars ($100.00) assessed value of all taxable property
within the City of Costa Mesa, for the aforesaid purpose. Said tax
rate is levied pursuant to Revenue and Taxation Code Section 2237 (a)
and is for the purpose of paying the requirements of voter approved
indebtedness.
BE IT FINALLY RESOLVED that this Resolution shall take effect and
be in full force immediately.
PASSED AND ADOPTED this 2nd day of September, 1980.
ATTEST:
City Clerk of the City o Costa sa
V a"'
1
Mayor of the City of -Costa 107sa
01
0
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. 80-83 was duly and regularly passed and adopted
by the said City Council at a regular meeting thereof, held on the
2nd day of September, 1980.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
Seal of the City of Costa Mesa this 3rd day of September, 1980.
64"
City
Clerk and
ex -officio Clerk/of
the
City
Council of
the City of C
to Mesa