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TAX RATE SET FOR Following introduction of the matter by Staff, Council, on
DEBT RETIREMENT motion of Councilman Pinkerton, MruphY second, adopted
Resolution No. 82-93 - Resolution Fixing Tax Rate for the
RES. NO. 82-93 City of Lodi for Fiscal Year 1982-83.
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MEMORANDUM
TO: Alice H. Reimche, City Clerk
FROM: Robert H. Holm, Finance Director
DATE-. August 11, 1982
SUBJECT: 1982-83 Tax Rate for Bond Interest b Redemption of $416,291.54
We will need to set a tax rate for .1982-83 sufficientto return
$416,291.54 for the City of Lodi Bond Debt Service. On thsZasis of
the secured property values as reported to the City on $/5f2 of
$809,564,106., and a collection rate of 97%, mere or'less, an imposition
of $.0530 per $100. of value will generate $416,196.91.
The calculations are as follows:
1982-83 Bond Debt Service Requirement $459,195.00
Less: Excess Tax Collected in 1981-82
1981-82 requirements $446,656.67
1981-82 tax collected 462 332.48
Excess Adjustment (15,675.81)
Requirement to be Raised $443,519.19
Less: 1981-82 Secured Tax Rate ($.05653/$100)
times 1982-83 Unsecured AV($50,699,950)
times 95% (27,227.65)
Amount to be Raised on Secured AV $416,291.54
Divided by: 97% of Secured AV ($809,564,108)4785,277,185
TAX RATE . . . . . . . . . . . . . . $ . 0530/$ l00AV
i
COUNTY OF $*N JOAQUIN
222 E. WEBER AVE. - ROOM 101
STOCKTON. CALIFORNIA 15202
11 EcElr U p ^ 9" 21s 1
1382 AUC (10 PAUL S. NsvRu0,
Office of the Auditor -Controller 4Y IAU� TOR-CONTIMOL1.[R
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This is to certify that the assessed valuation for the tax year /9Z -2:Z2
within there g-- is as follows:
0 AUD. CONT. 111 17/741
I - (77"
CITY COUNCIL HENRY A GLAVES. Jr.
City Manager
FRED M. REID, Mayor CITY O ".F. h o D I ALICE M RE IMC"[
ROBERT G. MURPHY,
:..5�^' oto Tempore CITY HALL, 221 WEST PINE STREET City Clerk
EVELYN M. OLSON POST OFFICE BOX 320 RONALD M STEIN
LAMES W. PINKERTON. It. LODI. CALIFORNIA 95241 City Attorney
JOHN R. (Randy) SNIDER (209) 334-5634
August 20, 1982
Mr. Paul Heurlin
County Auditor -Controller
County Courthouse, Room 101
222 East Weber Avenue
Stockton, California 95202
Dear Mr. Heurlin:
Enclosed please find a certified copy of City
of Lodi Resolution No. 82-93 "ReS,lation
Fixing Tax Rate for the C.ij of Lodi for
Fiscal Year 1982-83" adopted by the Lodi
City Council at its regular meeting of
August 18, 1982.
Very truly yours,
Alice M. Reimche
City Clerk
AMR/ 1 f
Enc.
RESOLUTION NO. 82-93
RESOLUTION FIXING TAX RATE FOR THE CITY OF
LODI FOR FISCAL YEAR 1982-83
That, in accordance with the State of California
Constitution Article XIII (A), Section 1(b), the surf of Four
Hundred Sixteen Thousand, Two Hundred Ninety Two
($416,292.00) Dollars is hereby fixed as the amount of
revenue from property taxes necessary to support the general
obligation indebtedness for the City of Lodi for the fiscal
year of 198.2-83.
NOW, THEREFORE, BE IT RESOLVED by the Council of the
City of Lodi as follows:
That the tax rate set for the City of Lodi for each
one hundred dollars of Assessed Valuation is hereby set for
Fiscal Ye$r 198+2-83 as follows:
General Obligation Bond Indebtedness
Interest and Redemption $.0530 per $100./
or a rate sufficient to generate $416,292.00
-` based on the most recent Assessment Roll.
These rates are to be levied in addition to the regular
$4.00 rate pursuant to Section 1 (b) of Article XIIIA of the
State Constitution.
Dated: August 18, 1982
I hereby certify that Resolution No. 92-93 was
passed and adopted by the City Council of the City
of Lodi in a regular meeting held August 18, 1982
by the following vote:
Ayes:
Noes:
Absent:
TME ToPrWAW; DOWMEN7 IS CER""
To Ci A WROECT Cow or THE o 'r'l j L
ON mi IN TNts WWW
ALICE M. REIMCHE
Cnr aE►K. Cm M ina
BY—
CiTr1�
Council Members - Murphy, Olson,
Pinkerton, Snider
and Rr;id
Council Members - None
Council members - None
A" lyl. IDitriiE
City Clerk
I
82-93
CITY COUNQL
FREI) M. REID. Mayos
ROBERT G. MURPHY,
Mayor Pro Tempore
WE LYN M OLSON
JAMES W. PINKERTON. Jr.
JOHN R. (Randy) SNIDER
CITY OF LODI
CITY HALL. 221 WEST KINE STREET
POST OFFICE BOX 320
1.001, CALIFORNIA 95241
(209)334-5634
August 20, 1982
HENRY ^ CLAVES, Jr.
City Manager
ALICE M. REIMCHE
City Clerk-
RONALD
lerkRONALD M. STEIN
City Attorney
Local Algency. Format`_on Commission
Courthouse, Room 153
222 8. 1leber Avenue
Stockton, California 95202
Gentlemen:
Enclosed please, find a certified copy of Resolution Wo. 82-93
"Resolution Fixing'Tax Rate for the City of -Lodi for Fiscal Year
1982-83*, which was gassed and adopted by the City Council of
the City of Lodi at a regular meeting held August 18, 1982.
Very truly yours,
Alice N. Reimche
City Clerk
Encl.
RESOLUTION NO. 82-93
RESOLUTION FIXING TAX RATE FOR THE CITY OF
LODI FOR FISCAL YEAR 1982-83
That, in accordance with the State of California
Constitution Article XIII (A), Section 1(b), the sura of Four
Hundred Sixteen Thousand, Two Hundred Ninety Two
($416,292.00) Dollars is hereby fixed as the amount of
revenue from property taxes necessary to support the general
obligation indebtedness for the City of Lodi for the fiscal
year of 1982-83.
NOW, THEREFORE, BE IT RESOLVED by the Council of the
City of Lodi as follows:
That the tax rate set for the City of Lodi for each
one hundred dollars of Assessed Valuation is hereby set for
Fiscal Year 1952-83 as follows:
General Obligation Bond Indebtedness
Interest and Redemption $.0530 per $100./
or a rate sufficient to generate $416,292.00
based on the most recent Assessment Roll.
These rates are to be levied in addition to the regular
$4.00 rate pursuant to Section 1 (h) of Article XIIIA of the
State Constitution.
m
Dated: August 18, 1982
I hereby certify that Resolution No. 82-93 was
passed and adopted by the City Council of the City
of Lodi in a regular meeting held August 18, 1982
by the following vote:
Ayes: Council Members - Murphy, Olson,
Pinkerton, Snider
and Reid
Noes:
Absent:
THE FOREOONG 000UtAtNT 1% CER11i1tD
To Of A CORRECT COPY OF T►NE OCIGS14A1
ON FILE IN TINS Off ICE
ALICE M. REIMCHE
CITY CLEW CITY 0; IOD
BY
pl►TEO I pi '-f i
Council Members - None
Council Members - None
City Clerk
82-93