HomeMy WebLinkAboutCC RESO 2007-217RESOLUTION NO. 2007 - 217
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY REDUCING
THE PROPERTY TAX RATE FOR BONDED
INDEBTEDNESS FOR FISCAL YEAR 2007/08
FROM 15.7 CENTS PER $100 OF ASSESSED
VALUATION TO 14.3 CENTS
WHEREAS, the total net taxable secured assessed valuation of the City is now
estimated at $2,732,989 full value; and
WHEREAS, the amount of revenue to be raised from the tax base for fiscal year 2007-
08 is $391,065, 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, 2008, be and hereby is established at .0143 per $100
assessed value.
2002 GENERAL OBLIGATION BONDS:
$0.0143 PER $100 ASSESSED VALUE
PASSED and ADOPTED this 4th day of Septemb 2007.
Mr1A
Ron Morrison, Mayor
ATTEST:
A N
i hael R. Dalla
Cit
y 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
September 4, 2007 by the following vote, to -wit:
Ayes: Councilmembers Morrison, Natividad, Parra, Ungab.
Nays: None.
Absent: Councilmember Zarate.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Mayor of the City of National City, California
City CI rk of the City of tional City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2007-217 of the City of National City, California, passed and
adopted by the Council of said City on September 4, 2007.
City Clerk of the City of National City, California
By:
Deputy