HomeMy WebLinkAboutResolution No. 3292202
RESOLUTION NO. 3292
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
FIXING THE VOTER APPROVED INDEBTEDNESS TAX RATE FOR
THE FISCAL YEAR 1987 -88.
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 eligitile 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 $69,000 for the 1987 -88 Fiscal Year.
SECTION 2. Tax Rate.
That the tax rate to be levied shall be .0046 percent (.000046) 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 24th day of August 1987.
ATTEST:
CITY LEWHE C OF CYPRESS
STATE OF CALIFORNIA ) SS
COUNTY OF ORANGE
YOR OF THE ITY OF CYPRESS
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 24th day of August 1987; by the following roll call vote;
AYES: 4 COUNCIL MEMBERS: Arnold, Davis, Mullen and Kanel
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 1 COUNCIL MEMBERS: Coronado
6" • t �I r OF CYPRESS