HomeMy WebLinkAbout86-87 - Levying Tax for 1974 Open Space Bond Issue 1986-87RESOLUTION NO. 86-87
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
1986-87.
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-three thousand four hundred fifteen dollars ($253,415.00),
with which to meet payments of principal and interest of bonded indebted-
ness incurred under the 1974 Open Space Bond Issue Election, for the current
fiscal year of 1986-87, 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 .00499 percent of the full cash
value of all taxable property within the City of Costa Mesa, for the afore-
said purpose. Said tax rate is levied pursuant to Article XIII -A, Section
1(b) of the Constitution of the State of California 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 18th day of August, 1986.
ATTEST:
"J
City Clerk of the City of Cost Mesa yo of t e City of 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 fore-
going Resolution No. 86-87 was duly and regularly passed and adopted by the
said City Council at a regular meeting thereof, held on the 18th day of
August, 1986.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal
of the City of Costa Mesa this 19th day of August, 1986.
( �. ) (9 - OIL � �.
City Clerk and ex -officio Clerk o the
City Council of the City of Cost Mesa