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HomeMy WebLinkAbout6962RESOLUTION NO 6962 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS, CALIFORNIA LEVYING A TAX RATE FOR FISCAL YEAR 2010-2011 TO SERVICE THE ANNUAL PRINCIPAL, INTEREST AND OTHER CHARGES RELATING TO THE MEASURE "0" 2003 GENERAL OBLIGATION REFUNDING BONDS WHEREAS, the qualified voters of the City of Redlands approved Measure "0" on November 3, 1987 which incurred bonded indebtedness for the acquisition of park, recreation and open space land NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF REDLANDS does resolve as follows SECTION 1 There shall be levied on all taxable property m the City of Redlands, California, for fiscal year 2010-2011 a tax rate on each one hundred dollars ($100 00) of the assessed value of such property to fund six hundred eleven thousand, nine hundred thirty-one ($611,931) dollars for the 2003 General Obligation Refunding bonds (Measure "0"). SECTION 2 This resolution shall take effect and be in force immediately upon its passage and approval SECTION 3 The City Clerk shall certify to the passage of this resolution and shall cause the same to be published once m the Redlands Daily Facts, a newspaper of general circulation printed and published m this City ADOPTED, SIGNED AND APPROVED by the City Council of the City of Redlands on July 6, 2010 ATTEST 1 Mayor of the City of Redlands I, Sam Irwin, City Clerk of the City of Redlands, hereby certify that the foregoing Resolution No 6962 was duly adopted by the City Council at a regular meeting thereof held on the 6th day of July, 2010, by the following vote AYES Councilmembers Bean, Harrison, Gallagher, Aguilar; Mayor Gilbreath NOES None ABSENT. None ABSTAIN None Sam Irwin, City Clerk Redlands, California 2