HomeMy WebLinkAbout84-106 - Levying Tax Under 1974 Open Space Bond Issueq0
RESOLUTION NO. 84-106
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 1984-85.
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 pay-
ments 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 Fifty -Two Thousand Four Hundred Fifteen dollars
($252,415.00), 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 1984-85, which said amount is sufficient
for the aforesaid purpose.
BE IT FURTHER RESOLVED that the rate per centum of the tax hereinafter
levied shall be and is hereby fixed as .00699 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 Taxa-
tion 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 20th day of August, 1984.
ATTEST:
tfj ' ) (� ��j .
Qffy- Clerk of the City of Cos Mesa
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
Mayor of the 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 fore-
going Resolution No. 84-106 was duly and regularly passed and adopted by
said City Council at a regular meeting thereof, held on the 20th day of
August, 1984.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal
of the City of Costa Mesa this 21st day of August, 1984.
City Clerk and ex -if ficio Clerk/ft
City Council of the City of a