HomeMy WebLinkAbout03-54 - Setting Tax Rate Per Centum and Levying Tax, 1974 Open Space Bond for FY 2003-04RESOLUTION NO. 03-54
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF COSTA MESA, CALIFORNIA, SETTING
THE TAX RATE PER CENTUM AND LEVYING A TAX
UPON ALL 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 2003-2004.
THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY
RESOLVE AS FOLLOWS:
WHEREAS, an election was held on September 11, 1973, pursuant to Title 4,
Division 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 property within the City of Costa Mesa which is taxable for municipal purposes, a tax
for the purpose of raising the sum of two hundred sixty-five thousand two hundred fifty
dollars ($265,250.00), with which to meet payments of principal and interest of bonded
indebtedness incurred under the 1974 Open Space Bond Issue for the current fiscal year
2003-2004 which said amount is sufficient for the aforesaid purpose, and the Tax Rate
Calculation is contained in Exhibit "A" attached hereto.
BE IT FURTHER RESOLVED that the rate per centum of the tax hereinafter levied
shall be and is hereby set as .00276 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 Article XIIIA 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 2nd day of September, 2003.
ATTEST:
F D
Deputy C&Clerk oft City of Costa Mesa
(3 `.-I
C -'o .- -
Mayor of tl6e City of Costa Mesa
APPROVED AS TO FORM
City Attorney
STATE OF CALIFORNIA)
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
I, JULIE FOLCIK, Deputy 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. 03-54
was duly and regularly passed and adopted by the said City Council at a regular meeting
thereof, held on the 2nd day of September, 2003, by the following roll call vote:
AYES: Monahan, Steel, Cowan, Mansoor, Scheafer
NOES: None
ABSENT: None
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of
the City of Costa Mesa this 3rd day of September, 2003.
Deputy Clerk and ex -officio Clerk of the
City Council of the City of Costa Mesa