HomeMy WebLinkAboutResolutions - No. 85-115RESOLUTION NO. 85-115
RESOLUTION FIXING TAX RATE FOR THE CITY OF LODI
FOR FISCAL YEAR 1985-86
THAT, in accordance with the State of California Constitution,
Article XIII (A), Section 1 (b), the sum of Four Hundred Three
Thousand, Eight Hundred Seventy -Six ($403,876.00) 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 1985-86.
NOW, T'Hg2EFORE, 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 1985-86 as follows:
General Obligation Bond Indebtedness
Interest and Redemption $.0355 per $100/AV
or a rate sufficient to generate $403,876.00
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: August 21, 1985
I hereby certify that Resolution No. 85-115 was
passed and adopted by the City Council of the
City of Lodi in a Regular meeting held
August 21, 1985 by the following vote:
Ayes: Council Members - Olson, Reid, Snider,
and Pinkerton
Noes: Council Members - None
Absent: Council Members - Hinchman (Mayor)
Alice M. Reimche
City Clerk
85-115