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HomeMy WebLinkAbout6963 - Increase in Existing Tax LimitRESOLUTION NO. 6963 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH SUPPORTING LEGISLATION FOR • AN INCREASE IN THE EXISTING TAX LIMIT OF THE ORANGE COUNTY FLOOD CONTROL DISTRICT WHEREAS, recent storm damage incurred by the Orange County Flood Control System may necessitate large unplanned financial expenditures; and WHEREAS, the existing tax rate limit of twenty cents will not yield sufficient revenue to provide for repairs and for carrying out planned flood control projects throughout the County; and WHEREAS, the Board of Supervisors of Orange County on March 25, 1969, voted to seek state legislation authorizing a raise in the tax ceiling of the Orange County Flood Control District to repair damage and improve flood control facilities; and WHEREAS, the Orange County Division of the League of California Cities has been requested to support such legislation; NOW, THEREFORE, BE IT RESOLVED that the City of Newport Beach does support the Board of Supervisors of Orange County in seeking legislation to increase the tax limit for flood control expenditures; BE IT FURTHER RESOLVED that such increase be limited to not more than ten cents per $100 assessed valuation on the County tax rate for three years, and to not more than five cents per $100 assessed valuation on the County tax rate after three years. • ADOPTED this 7th day of :tk , 1969. rr� ATTEST: Mayor y er , - TLWomh � RTIFIED A WGOR 4/7/69 CRY CLERK OFT EE C @F7 BEACH