HomeMy WebLinkAbout5389_CCv0001.pdf RESOLUTION NO. 5389
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS, CALIFORNIA
LEVYING A TAX RATE FOR FISCAL YEAR 1997-98 TO SERVICE THE ANNUAL
PRINCIPAL, INTEREST AND OTHER CHARGES RELATING TO THE MEASURE "O"
1994 GENERAL OBLIGATION REFUNDING BONDS
WHEREAS, the qualified voters of the City of Redlands approved Measure "O" 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 is There shall be levied on all taxable property in the City of Redlands,
California, for fiscal year 1997-98 a tax rate on each one hundred dollars ($100.00) of the
assessed value of such property to fund six hundred twenty-one thousand, three hundred fifty-two
dollars ($621,352.00) for the 1994 General Obligation Refunding bonds (Measure O).
SECTION It This resolution shall take effect and be in force immediately upon its
passage and approval.
SECTION III: The City Clerk shall certify to the passage of this resolution and shall
cause the same to be published once in the Redlands Daily Facts, a newspaper of general
circulation printed and published in this City.
ADOPTED, SIGNED AND APPROVED this 15'h day of July, 1997
ayor of the tity of Redlands
ATTEST.-
Ci
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I LorriePoyzer, rick• „lerk of the city of Redlands, hereby certify that the foregoing resolution
was duly adopted at a regular meeting thereof held on the 15'x` day of July, 1997 by the following
vote:
AYES: Councilmembers Gilbreath, Cunningham, Gil, Banda; Mayor Larson
NOES: None
ABSENT None
Cit lerk