HomeMy WebLinkAboutResolutions - No. 89-104RESOLUTION NO. 89-104
RESOLUTION FIXING THE TAX RATE FOR THE CITY OF LODI
FOR FISCAL YEAR 1989-90
In accordance with the State of California Constitution, Article
XIII(A), Section 1(b), the sum of Two Hundred Ninety Thousand
Thirty -Five Dollars ($290,035.00) 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 1989-90.
NOW, THEREFORE, BE IT RESOLVED, that the Lodi City Council 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
1989-90 as follows:
General obligation bond indebtedness, interest and
redemption, 1.77 cents per $100.00/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 16, 1989
I hereby certify that Resolution No. 89-104 was
passed and adopted by the City Council of the City of Lodi in a regular
meeting held August 16, 1989 by the following vote:
Ayes: Council Members - Hinchman, Olson, Pinkerton, Reid
and Snider (Mayor)
Noes: Council Members - None
Absent: Council Members - None
OAW � - "tk
Alice M. Reimche
City Clerk
89-104
RES89104/TXTA.02J