Laserfiche WebLink
1�I RESOLUTION NO. <br />2 <br />hereinafter levied shall be and is hereby <br />3 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />18 <br />OF NEWPORT BEACH, FIXING THE RATE PER CENTUM <br />4 <br />AND LEVYING A TAX UPON ALL OF THE TAXABLE <br />19 <br />PROPERTY WITHIN THE CITY OF NEWPORT BEACH <br />5 <br />WHICH IS TAXABLE THEREIN FOR MUNICIPAL PURPOSES, <br />6 <br />For the current expense fund — <br />7 <br />21 <br />8 <br />The City Council of the City ofNewport Beach do <br />9 <br />resolve and declare as follows: <br />10 <br />lst. Resolved, that there be and is hereby levied upon <br />11 <br />all of the taxable property within the City. of Newport Beach <br />12 <br />which is taxable therein for municipal purposes, a tax for the <br />13 <br />purpose of raisizgthe necessary money with which to carry on the <br />14 <br />various departments of the City of Newport Beach for the current <br />15 <br />fiscal year. <br />16 <br />I 2nd. Resolved, that the rate per centum of the tax <br />17 <br />hereinafter levied shall be and is hereby <br />fixed as <br />the sum of <br />18 <br />one dollar three cents ($1.03) on each one <br />hundred <br />dollars of <br />19 <br />value designated for each fund as follows: <br />20 <br />For the current expense fund — <br />One Dollar ($1.00) <br />21 <br />For the library fund — <br />Three <br />cents($ .03) <br />22 <br />Total tax levy — <br />One Dollar three <br />cents <br />($1.03) <br />23 3rd. Resolved, tht in addition to all other taxes <br />24 herein levied for municipal p purposes, there i8 hereby levied <br />25 on all of the taxable property within the City of Newport Beach <br />26 a tax for the purpose of raising the necessary and sufficient <br />27 money to pay the annual interest on all issued, outstanding and <br />28 unpaid municipal bonds of the City of Newport Beach, and also <br />29 <br />such part of the principal thereof as shall become due before <br />30 <br />the time for fixing the next general tax levy in and for said <br />31 City, the rate hereby evied for said <br />Y purposes is fixed at <br />32 <br />ROLAND THOMPSON <br />ATiOANBY AT LAW <br />SANTA ANA. CALK. <br />