HomeMy WebLinkAboutTC Res 1997-06-04 (3)
RESOLUTION NO. 3221
"""
A RESOLUTION OF THE TOWN COUNCIL
OF THE TOWN OF TmURON APPROVING
THE RATE OF TAX LEVY APPLICABLE TO THE
TOWN'S 1972 OPEN SPACE BOND ISSUE
FOR THE FISCAL YEAR ENDING JUNE 30, 1998
..
~-
WHEREAS, in 1972 the voters approved the issuance of Open Space Bonds by the Town
ofTiburon to acquire certain real property; and
WHEREAS, an override tax rate for Fiscal Year 1997-98 is applicable to this bonded
indebtedness; and
WHEREAS, the Finance Director estimates that total local secured assessed value for
Fiscal Year 1996-97 will be approximately $1,498,600, and Fiscal Year, 1997-98 debt service
requirements and associated fiscal agent costs will be $93,250, and has calculated that the
override tax rate per $100.00 of secured assessed valuation should be 0.0062. The override rate,
expressed as a share of total secured assessed valuation, is equal to 0.000062.
NOW, THEREFORE, IT IS RESOLVED that the Town Council of the Town ofTiburon
does hereby approve the rate of 0.0062 per $100.00 oflocal secured assessed valuation as the
override tax levy applicable to the 1972 Open Space General Obligation bond issue for Fiscal
Year 1997-98, and directs the Finance Office to transmit this information to the Marin County
I'"" Office of the Auditor-Controller.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Tiburon on June 4, 1997, by the following vote:
AYES:
NOES:
ABSENT:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Hennessy, Thayer, Wolf
None.
Ginalski, Thompson
l
._!iilVJZ 1} ) . W(
THERESE M. HENNESSY, MAYO
ATTE~
DIANE L. CRANE, TOWN CLERK
-
1