HomeMy WebLinkAboutResolutions - No. 91-153RESOLUTION NO. 91-153
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RESOLUTION FIXING TAX RATE FOR THE CITY OF LODI FOR
FISCAL YEAR 1991-92
THAT, in accordance with the State of California Constitution,
Article XIII(A), Section 1(b), the sum of Two Hundred Ninety -One Thousand Five
Hundred Sixty -One Dollars ($291,561) 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 1991-92.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Lodi does hereby establish that the tax rate for the City of Lodi for each One
Hundred Dollars of assessed valuation is hereby set for the fiscal year.1991-92
as follows:
General obligation bond indebtedness, interest
and redemption, 1.53 cents per $100/AV.
This rate is in addition to the 1 percent rate per Proposition 13
which allows the tax rate to exceed 1 percent for voter approved indebtedness and
further permits the City to set a tax rate to recover the amount of bond debt
service.
Dated: August 21, 1991
I hereby certify that Resolution No. 91-153 was passed and adopted by
the City Council of the City of Lodi in a regular meeting held August 21, 1991 by
the following vote:
Ayes: Council Members - Pennino, Pinkerton, Sieglock, Snider and
Hinchman (Mayor)
Noes: Council Members - None
Absent: Council Members - None
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RES91153/TXTA.02J
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Alice M. Reimche
City Clerk