CC Resolution No. 5697 ~ ~
, RGSOLUTIOCI N0. 5697
A RCSOLUTION OF TIIE CITY COUNCIL OF THE CITY OF CUP6RTIt10
SGTTIPIG SONDED DEBT TAX RATE FOR TIiE FISCAL YEAR 1981-1982
WIiERGAS, the City Council of the City of C.upertino has adopted a budget
for the flscal year June 30, 19A2; and
17fiCREAS, it is necessary that a tax ra[e be established to raise the
revenue required for the operation of said budget;
IJtiEREAS, Council prevlously adopted a resolution settin~ bonded tax
rate based on assessed valuation and it is requested that the rate be based
on full cash value;
P70W, TFIEREFORE, BE IT RESOLVED:
Sectlon 1: That Resolution No. 5651 is rescinded.
Section 2. That the rate of $0.0010 per $100.00 full cash valuation be
the tax rate of the City of Cupertino for the fiscal year 1981-1982 and to
be applied to the redemption and interest expense of the City Hall Bonds.
Section 3. Tha[ the tax rate oF $Q.002~ per $100,00 full c~sh valuation
be the tax rate of tl~e City of Cupertino for the fiscal year 19 81-1982 and to
be applied to the redemption and interest expense of the Park Bonda,
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 puhlished
in the Cupertino Courier. '
PASSED AND ADOPTED at a regular meeting of Che City Council of the City of
Cupertino this 18th day of AuAust , 1981 by the following vote:
Vo[e Mer~bers of the City Council
AYES: Catto, Johnson, Plungy, Rogers, Sparks
NOES: None
AIISE2IT: NoAe
AfiSTAIt7: None
ATTCST: APPRAVED:
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- ~ ~t~~'~~ - ~'w'~
J' City Clerk ~ Mayor, City o Cupertino
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