HomeMy WebLinkAboutCity Council Resolution 09-039RESOLUTION NO. 09 -039
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING THE PROPERTY TAX LEVY
FOR THE DEBT SERVICE OF THE LIBRARY GENERAL OBLIGATION BOND
FOR 2009/10 AT $.0094 PER $100 OF ASSESSED VALUATION
WHEREAS, in March 2000, the citizens of Saratoga approved an increase in their property tax
rate to pay for the debt service and other expenses of the general obligation bonds for construction of the
Library, and
WHEREAS, the general obligation bonds were sold on April 24, 2001, and
WHERAS, it is necessary for the City Council of the City of Saratoga to establish an annual
property tax levy to provide funds for debt service payments and related expenditures due in FY 2009/10.
NOW, THEREFORE, BE IT RESOLVED that the 2009/10 Property Tax Levy rate for debt
service on the Library General Obligation Bonds be established at $.0094 per $100 of assessed valuation.
The above and foregoing resolution was passed and adopted at an adjourned meeting of the Saratoga City
Council held on the 1 day of July 2009 by the following vote:
AYES: Councilmember Susie Nagpal, Howard Miller, Jill Hunter, Vice Mayor Kathleen King,
Mayor Chuck Page
NOES: None
ABSENT: N6ne
ABSTAIN: None
ATTEST:
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An u livan, City Clerk
City of Saratoga
Chuck Page, Mayor
City of Saratoga