Resolution No. 3131314
RESOLUTION NO. 3131
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
FIXING THE VOTER APPROVED INDEBTEDNESS TAX RATE FOR
THE FISCAL YEAR 1986 -87
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 $72,100 for the 1986 -87 Fiscal Year.
SECTION 2. Tax Rate.
That the tax rate to be levied shall be .0050 percent (.000050) 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 8th day of September 1986.
ATTEST:
CITY CLERK 0 THE CITY' OF CYPRESS
STATE OF CALIFORNIA
) SS
COUNTY OF ORANGE
Y •F 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 8th day of September 1986 by the following roll call vote:
AYES: 5 COUNCIL MEMBERS: Coronado, Kanel, Mullen, Partin and Lacayo
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
CITY CLERK OF THE CI OF CYPRESS