CC Resolution No. 6879
RESOIIJTION NO. 6879
A RESOIIJTION OF THE CITY CXXINCIL OF THE CITY OF ŒJt'J!;KJ.'lliO
SEITING OONDED DEB!' TAX RATE FOR THE FISCAL YEAR 1986-87
I
WHEREAS, the City COlUlCil of the City of CUpertino has adopted a budget for
the fiscal year ending June 30, 1987; and
WHEREAS, Council previously adopted a'resolution setting bonded tax rate
based on full cash value:
NOO, THEREFORE, BE IT RESOLVED:
Section 1. That Resolution No. 6628 is rescinded.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 1986-87 and to 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 1986-87 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 AOOPI'ED at a regular meeting of the City Council of the city of
CUpertino this 7th day of July, 1986 by the following vote: :
Vote Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Gatto, Johnson, Plungy, Rogers
None
Sparks
None
ATI'FST:
APPROVED:
/s/ Dorothy Cornelius
City Clerk
/s/ Barbara A. Rogers
Mayor, city of CUpertino