HomeMy WebLinkAbout8580 - Assessment District 50 - Balboa Island Street Lighting Districtis
RESOLUTION NO. 8580
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
taxable 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, 1975 -76. The rate of the tax hereby levied shall
be fixed at the sum of $ 1.16 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 estab-
lished by the Orange County Tax Assessor, designated and itemized
for each fund as follows:
General Fund $ .7932
Park and Recreation Fund $ .1139
Library Fund $ .1102
Retirement Fund $ .1427
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 of 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 fixed at the sum of $ .0396 on each One Hundred Dollars
($100) of assessed value, said tax to be levied on said taxable
property with 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.
•
ATTEST:
ADOPTED this 25th
ty Clerk
MID AS THE RI
.. .. .
CITY CLERK OR THE CITY OF N R4Y 0.',hC11
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;,'J6 2 8 1975
day of August , 1975.
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8/20/75