HomeMy WebLinkAboutCity Council Resolution 10-040RESOLUTION NO. 10 -040
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SARATOGAESTABLISHING THE PROPERTY TAX LEVY FOR THE DEBT
SERVICE OF THE LIBRARY GENERAL OBLIGATION BOND OR 2010/11 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
ATTEST:
WHEREAS, the general obligation bonds were sold on April 24, 2001, and
WHEREAS, 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 2010/11 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 7 day of July 2010 by the following vote:
AYES: Councilmember Manny Cappello, Chuck Page, Howard Miller, Vice Mayor
Jill Hunter, Mayor Kathleen King
NOES: None
ABSENT: None
ABSTAIN: None
■
ullivan, City Clerk
City of Saratoga
/(Cate-o-k-> X ley
Kathleen M. King, Mayor
City of Saratoga