HomeMy WebLinkAbout5198_CCv0001.pdf RESOLUTION NO. 5198
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS, CALIFORNIA
LEVYING A TAX RATE FOR FISCAL YEAR 1995-96 TO SERVICE THE ANNUAL
PRINCIPAL AND INTEREST RELATING TO THE MEASURE "O" GENERAL
OBLIGATION BOND
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 I: There shall be levied on all taxable property in the City of Redlands,
California, for fiscal year 1995-96 a tax rate on each one hundred dollars ($100.00) of the
assessed value of such property to fund six hundred thirteen thousand, four hundred fifty dollars
($613,450.00) for the 1994 General Obligation Refunding Bonds (Measure O).
SECTION II: 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 5th day of July, 1995.
Mayor ofthe City of Redlands
ATTEST:
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I Lorrie Poyzer, 'C'ity Clerk of the City of Redlands, hereby certify that the foregoing resolution
was duly adopted at a regular meeting thereof held on the 5th day of July, 1995 by the following
vote:
AYES: Counciimembers Foster, Cunningham, Gilbreath, Gil;
Mayor Larson
NOES: None
ABSENT: None
City Jerk