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HomeMy Public PortalAbout75-092 (08-19-75)RESOLUTION NO. 75 -92 A RESOLUTION OF THE INCORPORATED CITY OF LYNWOOD FIXING THE RATES OF TAXES, AND LEVYING TAXES FOR THE FISCAL YEAR BEGINNING JULY 1, 1975, AND ENDING JUNE 30, 1976 THE CITY COUNCIL OF THE CITY OF LYNWOOD, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS: Section 1. That for the purpose of taxation, all of that territory and lands lying and being in the corporate limits of the City of Lynwood, California, prior to February 1, 1970, shall constitute the taxing area subject to the provisions of this Resolution. Section 2. That the amount of money necessary to be raised by taxation upon the taxable property within the corporate limits of the City of Lynwood, County of Los Angeles, State of California, to provide for carrying on the various functions of municipal government in said City for the Fiscal Year beginning July 1, 1975, and ending June 30, 1976, is hereby fixed at the sum of Seven Hundred Ninety -five Thousand, Four Hundred Seventy -two Dollars and Forty -Six Cents ($795, 472. 46). Section 3. That in addition to the amount of money necessary to be raised as aforesaid, the amount of money necessary to be raised by taxation upon the taxable property within the corporate limits of said City to provide for the payment to the State Employees' Retirement System, authority for the exe- cution of said contract as granted by Ordinance No. 426, adopted by a vote of the qualified electors of the City of Lynwood the 16th day of April, 1946, for the Fiscal Year beginning July 1, 1975 and ending June 30, 1976, is hereby fixed at the sum of Six Hundred Fifty Thousand, One Hundred Fourteen Dollars and Seventy -seven Cents ($650, 114. 77). Section 4. That for the purpose of raising the sum of money nec- essary to be raised by taxation upon the taxable property within the City limits of said City of Lynwood as the revenue to carry on the functions of the various departments of said City, to provide payment to State Employees' Retirement Fund as authorized in Ordinance No. 426, the rates of taxes are hereby fixed and taxes are hereby levied on all taxable property within the city limits of said RESOLUTION NO. Page 2 City for the Fiscal Year beginning July 1, 1975, and ending June 30, 1976, upon each $100. 00 of the assessed value of said property as assessed by the County Assessor and equalized by the Board of Supervisors of the County of Los Angeles, State of California, for said fiscal year as follows: For General Purposes $ .86 For City's contribution to State .74 Retirement Fund authorized at election held April, 1946 For City's contribution to State .01 Retirement Fund authorized by Council Resolution No. 74 -80 ($.01 tax increase for 10 years) Total $1.61 Section 5. The City Clerk is hereby directed to forward immediately to the County Auditor - Controller of Los Angeles County a certified copy of this resolution. Section 6. That the City Clerk of said City shall certify to the adoption of this resolution and cause the same to be published once in the Lynwood Press, a weekly newspaper of general circulation, published and circulated in said City of Lynwood. PASSED, APPROVED, AND ADOPTED THIS 19th Day of August, 1975. ATTEST: l ENRY IEWER Mayor City of Lynwood JOSEPHINE L. SHEPHERD City Clerk City of Lynwood STATE OF CALIFORNIA ) ss. COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the above and foregoing resolution was duly adopted by the City Council of said city at a regular meeting thereof held in the City Hall of said City on the 19th day of August , 19 75 , and passed by the following vote: AYES: COUNCILMEN B,york, Green, Liewer NOES: COUNCILMEN Morris, Rowe. ABSENT: COUNCILMEN None. 1 CITY L RK, CITY OF LY WOOD