HomeMy WebLinkAboutResolutions - No. 80- 117RESOLUTION NO. 8 0- 117
RESOLUTION FIXING TAX RATE FOR THE CITY OF LODI
FOR FISCAL YEAR 1980-81
That, in accordance with the State of California Constitution Article
XIII (A), Section 1 (b), the sum of FOUR HUNDRED SEVENTEEN THOUSAND, FOUR
HUNDRED SEVENTY and No/100 ($417,470.00) 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 1980-81.
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 1980-81 as follows:
General Obligation Bond Indebtedness
Interest and Redemption $0.2371/ or a
rate sufficient to generate $417,470.00 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: September 3, 1980
I hereby certify that Resolution No. 80-117 was passed
and adopted by the City Council of the City of Lodi in
a regular meeting held September 3, 1980 by the following
vote:
Ayes: Councilmen - Hughes, McCarty, Murphy,
Pinkerton, and Katnich
Noes: Councilmen - None
Absent: Councilmen - None
' SLC (�%N-
ALICE M. REIMCHE
City Clerk
80-117