CC Resolution No. 5887 ~ ~
RESOLUTION N0. 5887
A RF.SOLU'C10N OF THG CITY COUNCIL OF THE CITY OF CUPERTINO
SETTINC BONDED DEBT TAX RATE FOR THE FISCAL YEAR 1982-1983
l+'NEREAS, [he City Counctl of [he Clty of Cupertino has adop[ed a budget
for [he fiscal year June 30, 1983; and
WHEREAS, it is necessary tha[ a[ax ra[e he established to raise the
revenue requlred for the opera[ion of said budget;
WHEREAS, Council previously adopted a resolution se[ting bonded tax
rate based on assessed valua[ion and it is requested that [he rate be based
on full cash value;
, NOW, THEP.EFORE, BE IT RESOLVED:
I
I Sec[ion 1. That Resolutlon No. 5697 is rescinded.
SecCion 2. That the rate of $0.0010 per $100.00 full cash valuation he
the [ax rate of thc City of Cupertino for [he fiscal year 1982-1983 and Co
he applied to the redemption and interes[ expense of the City Ilull Bonds.
Sec[Lon 3. That the tax rate of $0.0025 per $100.00 full cash valuation
be the tax rate of the City of Cuper[ino for [he fiscal year 1982-83 and to
be applied to [he redemption and interest expense of the park Bonds.
Section 4. Tha~ [he City Clerk is ins[n~cted to file a cer[ified copy
of this resolu[ton with the proper Coun[y authorities and to have it published
in the Cupertino Courier.
` PASS@D A~D ADOi''PF:U at a re~ular meetin~ ~~f the City Council of the City
of Cupertino this 21s[day of June , 1982 by the~following
votc:
Vo[e ptembers of [he Clty Councll
AYGS: Ji,hnson, Ptun~y, Rogers. Catto
NOES: Nune
ABSF.NT: Spnrks
ABSTAIN: None
APPROVEU:
- - GC~o •
ayor Pro-tem, City of Cnpertino
~ ATTEST:
~ ~y j~-~.«-,
Ci[y Clerk