HomeMy WebLinkAboutResolution 1978 - 0147RESOLUTION NO.73-147-1
FIXING AND DETERl~iINING THE RATE OF TAXATION REQUIRED
FOR THE PAYMENT OF BOND PRINCIPAL AND INTEREST FOR ~
FISCAL YEAR 1978-79
A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY
SANITATION DISTRICT NO.1 OF ORANGE COUNTY,CALIFORNIA,
FIXING AND DETERMINING THE RATE OF TAXATION REQUIRED FOR
THE PAYMENT OF ‘BOND PRINCIPAL AND INTEREST FOR THE FISCAL
YEAR 1978-79,AND ESTABLISHING THE NUMBER OF CENTS ON EACH,
ONE HUNDRED DOLLARS OF ASSESSED VALUATION TO BE LEVIED
UPON ALL OF THE TAXABLE PROPERTY WITHIN SAID DISTRICT FOR
THE TAXABLE YEAR 1978-79
WHEREAS,the Board of Directors has been requested by the Orange County
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Auditor-Controller to approve .a resolution fixing and determining a rate of
taxation required for the payuient of bond fund requirements to be levied upon
‘all taxable property within the District on indebtedness approved by the voters;
and,
WHEREAS,this procedure of establishing a tax rate to pay interest and charges
is authorized by Proposition 13 in that said Proposition excluded from its property
tax limit property taxes needed to pay said charges on indebtedness approved by the
~voters prior to the effective date of the Proposition;and,
:WREREAS,County Sanitation District voters approved bonded indebtedness for
~Genera1 Obligation Bond Issues as hereinafter set forth prior to the effective
date of the Proposition;and,
WHEREAS,the total assessed value of all the taxable property within County
Sanitation District No.].for the taxable year 1978/79 as determined and
returned by the County Assessor and as equalized by the Board of Supervisors of
Orange County,‘sitting as a Board of Equalization,and by the State Board of
Equalization,for the property owned by public utilities,and adjusted for
reserves for protested assessments,has been proved the District by the Orange
County Auditor-Controller and is hereinafter set forth.
NOW,THEREFORE,the Board of Directors of County Sanitation District No.~.
of Orange County,California;
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DOES HEREBY RESOLVE AND DETERMINE AS FOLLOWS:
Section 1 That the total amount of money necessary to be raised by
taxation upon the taxable property within the District to pay bond fund require
ments including the bonded indebtedness and interest thereof for the General
Obligation Bond Issues of the District for the fiscal year 1978/79 is hereinafter
set forth in Section 3.
Section 2 That the rate of taxation for the fiscal year 1978/79 to pay the
interest and such part of the principal of the bonded indebtedness of County
Sanitation District No.1 as will become due before the proceeds of the tax
levied for the hereafter next succeeding property tax levy will be available,is
hereby established as herinafter set forth in Section 3 on each One Hundred
($100.00)Dollars of the assessed value of all of the taxable property within
said District,as ascertained and equalized,and which said rate so set shall be
apportioned and allocated among the funds of said District to pay said requirements
including interest and such part of the principal of the voter approved bonded
indebtedness of said District,as will become due before the proceeds of the tax
levied for the next hereafter succeeding general tax will be available.
Section 3
Rate on Each $100 of
Assessed Valuation Assessed Value of All
Bond Total for Computing Taxable Property
District Fund Requirements Tax Rates Within the District
1 1951 $168,551 $462~495,330 :$.0l76
Section 4 The above estimate of amounts of money necessary to be raised by
taxation upon the taxable property within the District and the amount of taxes to
be levied on behalf of the District shall be furnished to the Board of Supervisors
of the County of Orange for the purposes of fixing the rate of takes to be levied.
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Section .5 That the County Assessor,County Auditor—Controller and County
Tax Collector,be and are hereby ordered and directed’to compute,in accordance
with the tax rates hereinabove set forth,the amount of tax on each item of
taxable property,and to enter the a~ount thereof on the-Assessment/Tax Roll.
PASSED AND ADOPTED at a regular meeting held September 13,1978.
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STATE OF CALIFORNIA )
)SS.
COUNTY OF ORANGE )
I,J.WAYNE SYLVESTER,Secretary of the Board of Directors of
County Sanitation District No.1 of Orange County,California,do
hereby certify that the above and foregoing Resolution No.78-147-i
was regularly passed and adopted’at a regular meeting of said Board
on the 13th day of September ,
1978
,by the following vote,to wit:
AYES:James Sharp.,Chairman pro tern,Philip Anthony,Orma
Crank and Vernon Evans
NOES:None
ABSENT:None
IN WITNESS WHEREOF,I have hereunto set my hand and affixed the
official seal of County Sanitation District No.1 of Orange County,
California,this 13th day of September,1978
•lV~r1#~y1y~ster,Secretary,
B ardllf DijActors of County
alitf/tion (~istrict.No.1
of O~nge County,California
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