HomeMy WebLinkAboutCC RESO 2006-136RESOLUTION NO. 2006 — 136
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY
REDUCING THE PROPERTY TAX RATE FOR
BONDED INDEBTEDNESS FOR FISCAL YEAR 2006/07
FROM 17.7 CENTS PER $100 OF ASSESSED VALUATION
TO 15.7 CENTS PER $100 OF ASSESSED VALUATION
WHEREAS, the total net taxable secured assessed valuation of the City is now
estimated at $2,484,733 full value; and
WHEREAS, :the amount of revenue to be raised from the tax base for fiscal year 2006-
07 is $391,305, according to the voter approved bonded indebtedness, thereby establishing the rate of
property tax required.
NOW, THEREFORE, BE IT RESOLVED that the property tax rate for the City of
National City for the fiscal year ending June 30, 2007, be and hereby is established at .0157 per $100
assessed value.
2002 GENERAL OBLIGATION BONDS:
$0.0157 PER $100 ASSESSED VALUE
PASSED and ADOPTED this 18th day of July, 2006.
ATTEST:
h
Mic -el Dalla,/ ity Clerk
APPROVED AS TO FORM:
George H. Eiser, III
City Attorney
Passed and adopted by the Council of the City of National City, California, on July 18,
2006, by the following vote, to -wit:
Ayes: Councilmembers: Inzunza, Morrison, Natividad, Parra, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY:
NICK INZUNZA
Mayor of the City of National City, California
City C rk of the litYNational City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2006-136 of the City of National City, California, passed and
adopted by the Council of said City on July 18, 2006.
City Clerk of the City of National City, California
By:
Deputy