HomeMy WebLinkAboutCity Council Resolution 08-041RESOLUTION N0.08-041
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 2008/09 AT $.01040 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 Apri124, 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 2008/09.
NOW, THEREFORE, BE IT RESOLVED that the 2008/09 Property Tax Levy for debt service
on the Library General Obligation Bonds be established at $.01040 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 June 2008 by the following vote:
AYES: Councilmembers Aileen Kao, Jill Hunter, Kathleen King, Vice Mayor Chuck Page,
Mayor Ann Waltonsmith
NOES: None
ABSENT: None
ABSTAIN: None ~/~~/~ ~j'~
Ann Waltonsmith, Mayor
City of Saratoga
ATTE T: ~
Ann a Ivan, Acting City Clerk
City of Saratoga