HomeMy WebLinkAbout103-Resolution.pdfAttachment B
RESOLUTION NO.
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 2011/12 AT $.0088 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 2011/12.
NOW, THEREFORE, BE IT RESOLVED that the 2011/12 Property Tax Levy rate for debt
service on the Library General Obligation Bonds be established at $.0088 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 6th day of July 2011 by the following vote:
AYES:
NOES:
ABSENT: ABSTAIN:
______________________________ Howard A. Miller, Mayor
City of Saratoga ATTEST:
____________________________ Ann Sullivan, City Clerk
City of Saratoga