Resolution No. 3433 47
RESOLUTION NO. 3433
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
FIXING THE VOTER APPROVED INDEBTEDNESS TAX RATE FOR
THE FISCAL YEAR 1988-89
WHEREAS, Section 93 of the Revenue and Taxation Code empowers the
City Council of the City of Cypress to levy and collect a special tax
for the payment of interest on voter approved bonds and for the
retirement of such bonds issued by the City; and
WHEREAS, two-thirds of the eligible voters of the City of Cypress
approved the 1968 Drainage Bond Issue.
NOW, THEREFORE, the City Council of the City of Cypress DOES
HEREBY RESOLVE as follows:
SECTION 1. Voter Approved Debt Service Requirement.
That the debt service secured property tax requirement for the
City of Cypress is $74,800 for the 1988-89 Fiscal Year.
SECTION 2. Tax Rate.
That the tax rate to be levied shall be .0048 percent ( .000048)
of full value.
SECTION 3.
The City Clerk shall cause certified copies of this Resolution to
be filed with the Auditor, Assessor and Tax collector of the County of
Orange immediately upon its adoption.
PASSED AND ADOPTED by the City Council of the City of Cypress at
a regular meeting held on the 22nd day of August 1988.
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MAYO OF THE CITY OF CYPRESS
ATTEST:
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CIT CLERK 0 THE ' ITY OF CYPRESS
STATE OF CALIFORNIA )
SS
COUNTY OF ORANGE )
I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY
CERTIFY that the foregoing Resolution was duly adopted at a regular
meeting of the said City Council held on the 22nd day of August1988 by
the following roll call vote:
AYES: 3 COUNCIL MEMBERS: Kanel, Mullen and Arnold
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 2 COUNCIL MEMBERS: Coronado and Davis
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CIT CLER OF T$E CITY OF CYPRESS