HomeMy WebLinkAbout8078 - Assessment District 50 - Balboa Island Street Lighting District•
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RESOLUTION NO. 8078
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH FIXING THE TAX RATE AND
LEVYING A TAX UPON ALL OF THE TAXABLE PROPERTY
WITHIN THE CITY OF NEWPORT BEACH WHICH IS
TAXABLE THEREIN FOR MUNICIPAL PURPOSES AND
LEVYING A SPECIAL ASSESSMENT TAX UPON THE
TAXABLE PROPERTY LOCATED WITHIN ASSESSMENT
DISTRICT NO. 50 (BALBOA ISLAND STREET LIGHTING
DISTRICT)
Pursuant to Section 1107 of the City Charter, Section
3.08.010 of the Newport Beach Municipal Code, Section 18168 of
the Streets and Highways Code, the City Council of the City of
Newport Beach does resolve and declare as follows:
SECTION 1. There is hereby levied upon all of the
taxable property within the City of Newport Beach which is tax-
able for municipal purposes a tax for the purpose of raising the
necessary money with which to carry on the various departments
and obligations of the City of Newport Beach for the current
fiscal year, 1973 -74. The rate of the tax hereby levied shall
be fixed at the sum of $1.20 on each One Hundred Dollars ($100)
of assessed value, said tax to be levied on said taxable property
within the City of Newport Beach code areas as established by the
Orange County Assessor, designated and itemized for each fund as,
follows:
General Fund $ .8118
Park and Recreation Fund $ .1248
Library Fund $ .1225
Retirement Fund $ .1409
SECTION 2. Pursuant to Section 18168 of the Streets
and Highways Code of the State of California, a special assess-
ment tax is hereby levied upon all the lands, exclusive of
improvements, excepting any lands owned by the City of Newport
Beach, within Assessment District No. 50 (Balboa Island Street
Lighting District). The rate of the tax hereby levied shall be
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fixed at the sum of $.0519 on each One Hundred Dollars ($100)
of assessed value, said tax to be levied on said taxable prop-
erty within code area 7 -067. Said taxes when collected shall
be paid into the City Treasury to the credit of the Special
• Lighting District No. 50 Account.
ADOPTED this 27th day of August , 1973.
ATTEST:
City Clerk
CE IED AS THE O NAL
e
CITY CLERK OF THE CITY OF NE T BEACH
®AYE, mUG 2 9
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DON:sh
8/21/73