Resolution - 9477•
•
RESOLUTION NO. 9477
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
COVINA, CALIFORNIA, SETTING THE AMOUNT OF MONEY
NECESSARY TO BE RAISED FOR WEST COVINA LANDSCAPE
MAINTENANCE DISTRICT NO. 1 AND FIXING THE TAX RATE FOR
SAID MAINTENANCE DISTRICT FOR THE FISCAL \ YEAR
BEGINNING JULY 1, 1997
The City Council of the City of West Covina, California, does hereby resolve as follows:
SECTION 1. As applicable, the tax levied on the real property is exempt
from the application of Article XIII A, Section 1(A) and Article XIII C of the Constitution
of the State of California and is levied for the benefit of the residents of the District.
SECTION 2. The amount of money necessary to be raised by the tax,
upon the assessable property within Maintenance District No. 1, City of West Covina,
for the current fiscal year beginning July 1, 1997 is hereby fixed as follows:
For the cost of maintaining and operating the open space, improvements
and facilities thereon within the Maintenance District No. 1, City of West Covina:
$53,119.
SECTION 3. For the purpose of raising the sum of money necessary to
be raised by the tax upon the assessable property within Maintenance District No. 1,
City of West Covina as revenue to maintain and operate the open space, improvements
and facilities within the said Maintenance District, the rate is hereby fixed and taxes are
hereby on all assessable real property in the said Maintenance District for the fiscal
year beginning July 1, 1997, in the number of cents upon one hundred dollars of
assessed value of said assessable real property as assessed by the County Assessor
and equalized by the Assessment Appeals Board of the County of Los Angeles and
with respect to certain property as assessed by the State Board of Equalization and
equalized by said Board as follows:
Estimated Assessed Value of Land Within Entire District $139,786,553
Benefit Tax Rate $0.0380 per
hundred dollars
No separate tax is being levied upon the assessable property within any
zone in Maintenance District No. 1 for the fiscal year beginning July 1, 1997 and no
money is being raised to finance special services within any such zone.
APPROVED AND ADOPTED this 5th day of August,1997
ATTESTED:
U
City Clerk
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City
Council of the City of West Covina, California, at a special meeting thereof held on the
5th day of August, 1997, by the following vote of the Council, to wit:
AYES: Councilmembers: Herfert, Howard, Touhey
• NOES: Councilmembers: None
ABSENT: Councilmembers: Wong
ABSTAIN: Councilmembers: Nelendez
City Clerk -
APPROVED AS TO FORM:
City Attorney