CC Resolution 8364
RESOLUTION NO.
8364
BEING A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL
FIXING THE TAX RATE AND THE AMOUNT OF REVENUE NECESSARY
FOR PAYMENT OF BONDED INDEBTEDNESS
FOR 1992-1993 FISCAL YEAR
WHEREAS, the City Council of the City of Campbell, California has found
and determined the City of Campbell will reasonably require the sum of Two Hundred
Fifty-Six Thousand, Eight Hundred Fifty Dollars ($256,850) as the amount of revenue
necessary for payment of General Obligation Bond Principal and interest maturities
for the fiscal year 1992-1993.
WHEREAS, the sum of Two Billion, Two Hundred Fifty-Five Million, Two
Hundred Thirty-Six Thousand, Three Hundred Thirty-Seven Dollars ($2,255,236,337) has
been estimated by the Auditor of the County of Santa Clara as the value of secured
and unsecured property within the City of Campbell for tax code Rate A as
ascertained from the assessment books of the County for the year; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Campbell that the tax rate to be levied for Fiscal Year 1992-1993 be $0.0000 per One
Hundred Dollars ($100) of full cash valuations for tax rate known as "Tax Rate A"
for payment of principal and interest authorized pursuant to Section 43632 to 43634
inclusive of Chapter 4, Division 4, Title 4 of the Government Code.
BE IT FURTHER RESOLVED that the City Clerk immediately transmit to the
County Auditor a statement of the tax rate so fixed.
PASSED AND ADOPTED this 4th day of August, 1992 by the following roll
call vote:
AYES:
NOES:
Councilmembers:
Conant, Ashworth, Watson, Burr
Councilmembers:
None
ABSENT: Councilmembers:
Kotowski
APPROVED:
~ A.~~~
Donald R. Burr, Mayor
ATIEST: