HomeMy WebLinkAbout1986-09-02; City Council; 8732-1; Setting Rates for 1986-871. CIT—'OF CARLSBAD -- AGEND — BILL Igo (0
AB# 97-W-1 TITLE: DEPT. HD.—
MTG. 9f=2/86 SETTING THE RATES FOR 1986-87 - CITY A
nFpT_ ...FIN CORRECTING RESOLUTION NO. 8753 CITY MGR.
RECOMMENDED ACTION:
Adopt Resolution No. F7 setting the General Obligation Bond Tax Rate
for 1986-87.
ITEM EXPLANATION:
Resolution No. 8753 adopted by the City Council on August 19, 1986,
contained errors in lines 5 and 8 which need to be corrected to allow
the County to set the General Obligation Bond Tax Rate for 1986-87.
The correction of these errors does not change the tax rates set by
the Council on August 19, 1986.
The effect of this correction is to bring the tax rates stated in lines
5 and 8 into agreement with the tax rates shown in the body of the
resolution.
FISCAL IMPACT:
The adoption of this resolution allows the City to set the 1986-87
tax rates for Library and Sewer bonds. These rates generate the
tax revenue necessary to pay all General Obligation Bond debt for
1936-87.
EXHIBIT:
y' Resolution No ._L2E-;K- setting the tax rate for 1986-87.
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RESOLUTION NO. 8782
1 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSSAD, CALIFORNIA, SETTIrti THE TAX RATE FOR
THE•1986=87"FISCAL"YEAR:
3 WHEREAS, the City Council of the City of Carlsbad annually fixes the
4 property tax rates for the City debt service funds; and
6 WHEREAS, the City Council may set a tax rate of 0.00069% for the Library
6 7 Bond fund until such time as additional revenues are necessary for debt
payments; and
8 WHEREAS, the 1962 Sewer Bond fund shall require a tax rate of 0.00393% for
9 fiscal year 1986-87 for debt payments.
10 -NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad
11 as follows:
12 Section•1: For the fiscal year 1986-87, commencing July 1, 1986, there is
13 hereby assessed, levied, and ordered collected upon the full assessed value of
14 taxable property within general tax District No. 1, which consists of all
15 taxable property within the City of Carlsbad except the taxable property in
16 general District No. 2 as described' below, taxes in the following listed amoun
17 and for the following listed purposes:
18 FUND
RATE
LIBRARY BOND INTEREST AND REDEMPTION
20 0.00069%
SEWER BOND INTEREST AND REDEMPTION
21 0:00393%
TOTAL TAX RATE, GENERAL TAX DISTRICT NO. 1
22 0.00462%
23 The total tax rate for general tax District No. 1 shall he the amount of
24 0.00532% levied against full assessed valuation on all taxable property in sai district.
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Section 2: For the fiscal year 1986-87, commencing July 1, 1986, there is
hereby assessed, levied, and ordered collected upon the full assessed value of
taxable property within general tax District No. 2, being the La Costa
annexation as described in Ordinance No. 1173 of the City of Carlsbad, taxes ii
the following listed amounts aid for the following listed purposes:
FUND RATE
LIBRARY BOND INTEREST & REDEMPTION 0.00069%
TOTAL TAX RATE, GENERAL TAX DISTRICT NO. 2 0:00069%
The total tax rate for general tax District No. 2 shall be in the amount
0.00055% levied against full assessed valuation on all taxable property in said
district.
Section 3: This resolution is a resolution fixing the rates of taxes to
lz
levied in the City of Carlsbad for the fiscal year 1986-87 pursuant to the
Provisions of Section 51511 of the Government Code of the State of California
and for providing the County Auditor, as required by said section annually
before September 1, 1986, the rates of taxes to be adopted.
Section•4: The City Clerk shall certify to the passage of this resolution
and cause the same to be published, as required by Section 36936.1 of the
Goverment Code, once within fifteen (15) days of its passage in a newspaper of
general circulation, and shall furnish two certified copies of this resolution
to the County Auditor of the County of San Diego pursuant to Government Code
Section 51511.
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PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of
the 2nd day of September , 1986, by the following vote, to wit'.
AYES: Council Members Casler, Lewis, Kulchin, Chick and Pettine
NOES: None
ABSENT: None
ATTEST:
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ATTRA
Y
(SEAL)
MARY �""t ayoi..."_ _ ...__.... ._�