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HomeMy WebLinkAboutCity Council Resolution 451-E RESOLUTION 451-E A RESOLUTION OF THE CITY OF SARATOGA APPROVING BUDGET FOR THE VILLAGE PARKING MAINTENANCE DISTRICT NO. 1 AND FIXING TAX RATE FOR THE FISCAL Y~.AR 1973-74 Resolved, the the City Council of the City of Saratoga, Santa Clara County, California that WHEREAS, this Council has heretofore ordered the formation of Village Parking Maintenance District No. 1 pursuant to Resolution of Intention No. 329, adopted by the Council of the City of Saratoga on May 4, 1966, as amended; WHEREAS, said maintenance district was formed for the purpose of maintaining and operating off-street motor vehicle parking facilities in and for said maintenance district; W~tEREAS, a budget for the fiscal year 1973-74 for said maintenance district has been heretofore submitted to this Council; and WHEREAS, the public interest, convenience, and necessity will be served thereby; NOW, THERFORE, IT IS HEREBY FOUND, DETERMINED AND ORDERED, as follows: 1. That the budget for Village Parking Maintenance District No. 1, heretofore submitted, be, and it is hereby approved, and it is hereby determined that all of the costs of maintenance and operation within said maintenance district shall be borne wholly by said maintenance district. 2. That the minimum amount of money required for the purposes of maintaining and operating the parking facilities in and for said maintenance district during the fiscal year ending June 30, 1974, to cover the costs and expenses of maintaining said improvements, will be in the sum of $3,525.00, and it is hereby estimated that said sum is the minimum amount of money required by said district for such purposes during said ensuing fiscal year. 3. That the rate of taxation for the purpose of raising said monies for the maintenance and operation of the parking facilities in and for said maintenance district is hereby fixed at $1.55 for each $100.00 of taxable real property in said maintenance district. 4. The Village Parking Maintenance District No. 1 was formed pur- suant to Chapter 26, comprising Sections 5820 through 5826 of Division 7 of the Streets and Highways Code. The budget for maintenance for the fiscal year 1973-74 and this resolution are approved and adopted pursuant to Sections 5830 and 5831 of said Streets and Highways Code. The above and foregoing resolution was duly and regularly introduced and adopted by the City Council of the City of Saratoga at a regular meeting held on the 15th day of August, 1973, by the following vote: AYES: Councilmen Smith, Dwyer, Bridges, Diridon ar~.., ~r'~ NOES: \lOfi~l ~ ABSENT: None /~ MAYOR C CLERK