CC Resolution 8000..
RESOLUTION NO. 8000
BEING A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CAMPBELL FIXING THE TAX RATE FOR
PAYMENT OF BONDED INDEBTEDNESS FOR 1990-1991 FISCAL YEAR
WHEREAS, the City Council of the City of Campbell,
California did fix the sum of Two Hundred Seventy-Two Thousand, Five
Hundred Dollars ($272,500) as the amount of revenue necessary for payment
of General Obligation Bond Principal and interest maturities for the
fiscal year 1990-1991.
WHEREAS, the sum of One Billion, Nine Hundred Two Million,
One Hundred Thirty Thousand, Three Hundred Thirty-Two Dollars
($1,902,130,332) has been estimated by the Auditor of the County of Santa
Clara as the value of secured 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 sufficient to raise the amount for the
expense of collection of same be, and it is hereby fixed as $0.0040 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 September, 1990, by the
following roll call vote:
AYES: Councilmembers~ Kotowski, Watson, Conant, Burr,
Ashworth
NOES: Councilmembers~ None
ABSENT: Councilmembers~ None
APPROVED:
~~~`-
ohn S. Ashworth, Mayor
ATTEST:
Ba bares Olsasky, City Cle~
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