HomeMy WebLinkAbout81-73 - Levying Tax to Meet 1974 Open Space Bond Issuer(� %_." - .
RESOLUTION NO. 81-73
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
1981-82.
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 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 rais-
ing the sum of Two Hundred Fifty -Nine Thousand Three Hundred Fifteen
dollars ($259,315.00), 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 1981-82, 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 .01024 percent of the full
cash 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 re-
quirements of voter approved indebtedness.
BE IT FINALLY RESOLVED that this Resolution shall take effect and
be in full force immediately.
PASSED AND ADOPTED this 17th day of August, 1981.
ATTEST:
C y Clerk of the City o osta a
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF COSTA MESA )
aTor of the of Cos ,a 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. 81-73 was duly and regularly passed and adopted
by the said City Council at a regular meeting thereof, held on the 17th
day of August, 1981.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
Seal of the City of Costa Mesa this 18th day of August, 1981.
City Clerk and ex -o icio Clerk of t
City Council of the City of Costa a