HomeMy WebLinkAboutCity Council Resolution 07-057 (2)RESOLUTION NO. 07-057
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 2008 AT $.01130 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 the debt service and related expenditures due in FY 2007/08.
NOW, THEREFORE, BE IT RESOLVED that the 2007/08 Property Tax Levy for debt service on the
Library General Obligation Bonds be established at $.01130 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 18~' day of July 2007 by the following vote:
AYES: Councilmemerbs Jill Hunter, Chuck Page, Kathleen King,
Vice Mayor Ann Walotnmisth, Mayro Aileen Kao
NOES: None
ABSENT: None
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ABSTAIN: None
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Aileen Kao, Mayor
City of Saratoga
AT~I' t
l~n Dyer, City Clerk
of Saratoga
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