HomeMy WebLinkAboutAgenda Report - September 5, 1984 (61)ffiTABLISHIN13 TAX
RNIB PCR F.Y.
1984-85
RES ND. 84-134
AI'PRNM
Council was apprised by Robert H. Holm, Finance Director that
the City will need to set a tax rate for 1984-85 sufficient
to return $364,836 for the City of Lodi Bond Debt Service.
On the basis of secured property values as reported to the
City by San Joaquin County on August 14, 1984 of $989,613,774
and a collection rate of 95$ more or less. and Imposition of
$.0387 per $100 of value will generate the needed $394,856.
Following dime vssion, on motion of Mayor Snider. Pinkerton
second, Council adopted by unanimous vote the hereinafter set
forth Resolution No. 84-134 fixing the Tax Rate for the City
of Lodi for Fiscal Year 1984-85.
R SOLO I N ND. 84-134
RESOLVrICN FIXING TAX RATE FM ME CITY
OF UI1i Kit FISCAL YEAR 1984-85
THAT. in accordance with the State of California Constituti-on '
Article X111 (A). Section 1 (b), the sun of Three Hundred
Ninety -Four Thousand, Eight Hundred Fifty -Six ($394,856.00)
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
1984-85.
NOW. IHMEKM, BE IT RESMVFD that the City Count l of the
City of Lodi as follows:
That the tax raga for the City of Lodi for each one hundred
dollars ti Assessed Valuation is hereby set for the Fiscal
Year 1984-85 as follows:
C3eneral Cbligation Bond Indebtedness
Interest and Redemption $.0387 per $100/AV
or a rate sufficient to generate $394,856 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 XIII (A) of the
State Constitution.
0)
To: Alice M. Reimche, City Clerk
From: Robert H. Holm, Finance Director
Date: August 19, 1984
Subject: 1984-85 Tax Rate for Bond Interest and Redemption
of $.0387/$100 Assessed Value
We will need to set a tax rate for 1984-85 sufficient to
return $394,856 for the City of Lodi Bond Debt service.
On the basis of secured property values as reported to the
City by San Joaquin Coun-ty on Aug. 14, 1984 of $989,613,774
and a collection rate of 95% more or less, a-nd imposition
of $.0387 per $100 of value will generate the needed
$394,856.
CITY COUNCIL
JOHN R (Randv) SNIDER. Mayor
DAVID M HINCHMAN
Mawr Pro Tempore
EVELYN M OLSON
JAMES W PINKERTON. It
FRED M Rt ID
CITY OF LODâ–ºI
CITY HALL. 221 WEST PIN# STREET
POST OFFICE BOX 3211
LODI. CALIFORNIA 95241
(20% 334-5634
September 10, 1984
HENRY A GLAVES. Jr.
Cov Manager
ALICE M RttMCHE
City Clerk
RONALD M STEIN
Cots Attorney
Mr. Paul Heurlin
County Auditor/Controller
County Courthouse, Roan 101
222 East Weber Street
Stockton, CA 95202
Dear Mr. Heurlin:
Enclosed herewith please find Certified copy of Resolution No. 84-134 -
Resolution fixing tax rate for the City of Lodi for Fiscal Year
1984-85 which was adopted by the Lodi City Council at its SepteNber 5,
1984 council meeting.
Very truly yours,
A -'M . Reimche
City Clerk
AMR:
Enc.
r "yam
lqa;, AUG 30 PM. 9 ','))8
ALICE ' i.
MY CI. PERK
In
RESOLUrICN NO. 84-134
REMMICN FIXING TAX RATE FCR THE CITY OF ILCDI FOR
FISCAL YEAR 1984-85
MW. in accordance with the State of California
Constitution Article XIII (A), Section l (b). the sum of Three Hundred
Ninety -Four Thousand, Eight Hundred Fifty -Six $394,586.00) Dollars is
hereby fixed as the amount of revenue frau property taxes necessary to
support the general obligation indebtedness for the City of Lodi for
the fiscal year of 1984-85.
NaV, TIME, BE IT RESOLVED that the City Council of the
City of Lodi as follows:
That the tax rate for the City of Lodi for each
one hundred dollars of Assessed Valuation is
hereby set for the Fiscal Year 1984-85 as follows:
General Obligation Frond Indebtedness
Interest and Redemption $.0387 per 5100/AV
or a rate sufficient to generate $394,586.00
based on the most recent Assessment Roll.
These rates are to be levied in addition to the regular $4.00 rate
pursuant to Section 1 (b) of Article XIII (A) of the State
Constitution.
Dated: Septwber 5, 1984
I hereby certify that Resolution. No. 84-134
was passed and adopted by the City Council
of the City of Lodi in a regular meeting
held Septenber 5, 1984 by the following vote:
Ayes: Council Malbers - Pinkerton Hinchman,
Olson Reid a Snider (Mayor)
Noes: Council Members - None
Absent: Council hi mbers - None
P -let
't lIxey'Ll
Alice 51. Reiltlehe
City Clerk
THE FOREGOING DOCUMENT IS CERTIFIED
To eE A CORRECT COPY OF THE ORIGINAL
1 ' ON FILE IN THIS OFFICE.
84-134 JUDITHJOHNSON
Dg$p CITY CLMV, CM OF LOOP
1984