HomeMy WebLinkAboutCC RESO 2008-161RESOLUTION NO. 2008 — 161
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY REDUCING
THE PROPERTY TAX RATE FOR BONDED
INDEBTEDNESS FOR FISCAL YEAR 2008/09
FROM 1.43 CENTS PER $100 OF ASSESSED
VALUATION TO 1.3 CENTS
WHEREAS, the total net taxable secured assessed valuation of the City is now at
$2,927,574,721 full value; and
WHEREAS, the amount of revenue to be raised from the tax base for Fiscal Year
2008/09 is $398,650, 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, 2009, be and hereby is established at 0.0130%
per $100 assessed value.
2002 GENERAL OBLIGATION BONDS:
$0.0130% PER $100 ASSESSED VALUE
PASSED and ADOPTED this 5th day of August, 2008
on Morrison, Mayor
ATTEST:
2,22J,)__i ,,,g_
Michael R. Dalla,City Clerk
APPROVED AS TO FORM:
Georg! a H."Eiser, III
City Attorney
Passed and adopted by the Council of the City of National City, California, on August 5,
2008 by the following vote, to -wit:
Ayes: Councilmembers Morrison, Natividad, Parra, Ungab, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Mayor of the City of National City, California
i�� , a
City Cle of the City of Na onal City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2008-161 of the City of National City, California, passed and
adopted by the Council of said City on August 5, 2008.
City Clerk of the City of National City, California
By:
Deputy