HomeMy WebLinkAboutTC Res 1998-05-20 (2)
RESOLUTION NO. 3282
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A RESOLUTION OF THE TOWN COUNOL
OF THE TOWN OF TlBURON APPROVING
THE RATE OF TAX LEVY APPLICABLE TO THE
TOWN'S 1972 OPEN SPACE BOND ISSUE
FOR THE FISCAL YEAR ENDING JUNE 30, 1999
WHEREAS, in 1972 the voters approved the issuance of Open Space Bonds by the Town of Tiburon
to acquire certain real property; and
WHEREAS, an override tax rate for Fiscal Year 1998-99 is applicable to this bonded indebtedness;
and
WHEREAS, the Finance Director estimates that total net taxable local secured assessed value for
Fiscal Year 1998-99 will be approximately $1,613,900,000; and Fiscal Year 1998-99 debt service
requirements and associated fiscal agent costs wilrhe $89,000; and has calculated that the override tax rate
per $100.00 of secured assessed valuation should be 0.00552. The override rate, expressed as a share of total
secured assessed valuation, is equal to 0.000055.
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NOW, THEREFORE, IT IS RESOLVED that the Town Council of the Town ofTiburon does
hereby approve the rate of 0.0055 per $100.00 ofIocal secured assessed valuation as the override tax levy
applicable to the 1972 Open Space General Obligation bond issue for Fiscal Year 1998-99, and directs the
Finance Office to transmit this information to the Marin County Office of the Auditor-Controller.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Tiburon on
May 20, 1998, by the following vote:
AYES:
NOES:
ABSENT:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Bach, Gram, Hennessy, Matthews, Thompson
None
None
B~ I /J
. S7rl~.AJS
HARRY TTHEWS, MAYOR
ATTEST:
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DIANE L. CRANE, TOWN CLERK
Replaces Tiburon Resolution No. 3221, June 1997