HomeMy Public PortalAbout96-100 (07-12-96)CITY OF LYNWOOD
LOS ANGELES COUNTY, CALIFORNIA
RESOLUTION NO. 96 -100
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LYNWOOD ADJUSTING THE RATE OF AND LEVYING
TAXES FOR THE CITY'S CONTRIBUTION TO THE
RETIREMENT FUND AND THE PAYMENT OF
ADMINISTRATIVE COSTS RELATING THERETO
WHEREAS, on April 16, 1946, the electors of the City of
Lynwood adopted Ordinance No. 426 that approved the State
Employees' Retirement System as the retirement system for
officials and employees of the City of Lynwood and authorized the
City Council to levy taxes to maintain the City's share of
contributions to that retirement system; and
WHEREAS, on November 5, 1974, the electors of the City
of Lynwood adopted Ordinance No. 975 that amended Ordinance No.
426, as well as the contract between the City and the Public
Employees' Retirement System, to include improved retirement
benefits for local safety members in the City of Lynwood and
further authorized the City Council to levy such taxes as may be
determined necessary to maintain the City's share of those
improved retirement benefits; and
WHEREAS, it is the obligation of the City Council to
lavy a ta;: in an amount sufficient to pay for the costs and
expenses related to the maintenance and operation of the
Retirement Fund that has been established to fund the voter -
approved retirement system and retirement benefits;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD
DOES RESOLVE AS FOLLOWS:
Section 1. The specific rate of the tax to be
collected to pay for the costs and expenses related to the
Retirement Fund for fiscal year 1996 -1997 is hereby determined
and established as $0.375 for each $100 of assessed valuation.
Section 2. The tax shall be collected in the same
manner as ordinary ad valorem property taxes are collected.
Section 3. The Auditor - Controller of Los Angeles
County is requested to enter on the next County assessment roll
on which taxes will become due, opposite each lot or parcel of
land affected, the installment of the tax that is then due and
the rate of that tax.
Section 4. The effective date of the new tax rate,
as established herein, is July 1, 1996.
Section 5. The City Clerk is directed to certify to
the passage and adoption of this resolution and to transmit a
certified copy of this resolution to the Auditor - Controller of
Los Angeles County.
PASSED, APPROVED AND ADOPTED this 12 f
July , 1996.
ATTEST:
Andrea L. Hooper, Cit Clerk
-iT-
APPROVED AS TO CONTENT:
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, do
hereby certify that the foregoing resolution was passed and adopted
by the City Council of the City of Lynwood at a regular meeting
held on the 12th day of July, 1996.
AYES: COUNCILMEMBER BYRD, HEINE, HENNING, REA, RICHARDS
NOES: NONE
ABSENT: NONE
City Clerk, City of Lynwood
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood, and
Clerk of the City Council of said City, do hereby certify that the
above and foregoing is a full, true and correct copy of Resolution
No. 96 -100 on file in my office and that said resolution was adopted
on the date and by the vote therein stated.
Dated this 12th day of July, 1996.
City Clerk