CC Resolution No. 7556
RESOLUTION NO. 7556
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
SETTING BONDED DEBT TAX RATE FOR THE FISCAL YEAR 1988-89
WHEREAS, the City Council of the City of Cupertino has adopted a
budget for the fiscal year ending June 30, 1989; and
WHEREAS, Council previously adopted a resolution setting bonded tax
rate based on full cash value;
NOW, THEREFORE, BE IT RESOLVED:
Section 1. That Resolution No. 7221 is rescinded.
Section 2. That the rate of $0.0020 per $100.00 full cash valuation be
the tax rate of the City of Cupertino for the fiscal year 1988-89 and be applied
to the bond redemption and interest expense of the City Hall Bonds.
Section 3. That the tax rate of $0.0050 per $100.00 full cash valuation
be the tax rate of the City of Cupertino for the fiscal year 1988-89 and to be
applied to the bond redemption and interest expense of the Park Bonds.
Section 4. That the City Clerk is instructed to file a certified copy
of this resolution with the proper County authorities and to have it published
in a newspaper of general circulation.
PASSED AND ADOPTED at a regular meeting of the City Council of the City
of Cupertino this ~ day of Julv ,1988 by the following vote:
Vote
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Johnson, Koppel, Plungy, Rogers, Gatto
None
None
None
ATTEST:
APPROVED:
/s/ Dorothy Cornelius
City Clerk
/s/ John M. Gatto
Mayor, City of Cupertino