O1861
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atty\muni\laws\mtt\library.3
City council Meeting 9-10-96
Santa Monica, California
ORDINANCE NUMBER 1861 (CCS)
(City Council Series)
AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF SANTA MONICA SETTING THE 1996-97
TAX RATE FOR THE MAIN LIBRARY IMPROVEMENTS
PROJECT GENERAL OBLIGATION BONDS
WHEREAS, at the November 8, 1988 general election, by a
favorable vote of more than two thirds of all the voters voting on
the proposition, the issuance of General Obligation Bonds (the
tlBonds") in the principal amount of $4.5 million was authorized for
the purposes of financing acquisi tion and improvement of real
property for meeting parking and future expansion needs of the Main
Library; and
WHEREAS, on February 13, 1990, the City Council adopted
Resolution Number 7976 (CCS) (tiThe Bond Resolution"), authorizing
the issuance of such Bonds and such issuance and sale of the Bonds
occurred on April 10, 1990; and
WHEREAS, the city Council of the City of Santa Monica is
empowered and obligated to levy ad valorem taxes for the paYment of
said Bonds and the interest thereon, upon all property within the
City subject to taxation by the City; and
WHEREAS, in accordance with the Bond Resolution, the City
council is required to fix, levy and collect annually until all of
the Bonds are paid or until there is a sum in the city treasury set
apart for that purpose sufficient to meet all sums coming due for
principal and interest on said Bonds, a tax sufficient to pay the
annual interest on the Bonds and such part of principal as the same
shall become due; and
WHEREAS, the taxes required to be levied and collected by the
Bond Resolution shall be in addition to all other taxes levied for
city purposes, shall be collected at the time and in the manner as
other City ad valorem taxes are collected, and shall be used for no
purpose other than payment of the Bonds and accrued interest
thereon,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES ORDAIN AS FOLLOWS:
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SECTION 1. The city Council hereby sets the Fiscal Year 1996-
97 ad valorem Tax Rate for the Main Library Improvements Project
General Obligation Bonds Series 1990 at $.004683 per $100.00 of
assessed value for property located within the City of Santa
Monica.
SECTION 2. This Ordinance shall take effect upon adoption
pursuant to Santa Monica Charter section 6l9(c).
SECTION 3. The Mayor shall sign and the city Clerk shall
attest to the passage of this Ordinance. The City Clerk shall
cause the same to be published once in the official newspaper
within 15 days after its adoption.
AS TO
FORM~
OUTRIE ~ L
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Mayor
State of Cahforma )
County of Los Angeles) ss
Cay of Santa Monica )
L Mana M Stewart. CIty Clerk of the CIty of Santa MOnIca. do hereby certIty that the foregomg
Ordmance No 1861 (CCS) was mtroduced and adopted on September 10. 1996. and was passed
by the follow-:lng vote
Ayes
Council members
Abdo, Ebner GenseL Greenberg, Holbrook, O'Connor,
Rosenstem
Noes
CouncIl members
None
Abstam'
CouncIL members
None
Absent
CouncIl members
None
ATTEST
'---
~~.~..~~
CIty Clerk .
"'T-'L-~~~ __.
PROOF O' PUB.ATION
(2015.5 C.C.P.)
STATE OF CALIFORNIA.
County of Los Angeles.
I am a citizen of the United States and a
resident of the County aforesaidi I am over
the age of eighteen years, and not a party to
or interested in the above-entitled matter I
am the principal clerk of the printer of the
.~..........1.........4........1....1."'.4'.~......
THE OUTLOOK
......,......~......................................
a newspaper of general circulation, printed
and published .Q.~.I.ItX. ~.KQt:.J?:I:.~Yff}?AX.
In the City of .SMXh."'9nJ~^,...........
County of Los Angeles, and which
newspaper has been adludged a newspaper
of general circulation by the SuperIor Court
of the County of Los Angeles, State of
California. under the date ofJ~!'!'..~~ 19 .~~..
Case Number .. ~H.n.~.....i that the notice.
of which the annexed Is a printed copy (set
In type not smaller than nonpareil). has
been published In each regular and entire
issue of said newspaper and not in any
supplement thereof on the following dates,
to-wit.
. . ..~~. .. J~ .. .. . . . .. .. , .. . . '" , . . .. .. . ... .. .. .. .. . . II .. . . . I . . .. .. . . .
all in the year 19... ~f?
I certify (or declare) under penalty of
petlury that the foregoing is true and
correct ,
Dated at... ~~~.T.~. ~~,9.~,If~.................
Cali or ia. thiS..J~..,..daJOJ;;~" 19 ..~~.
..... ....... 'sig~.i~!;1.. ~ .. ....
The Oudook
1920 Colorado Ave
Santa Momca, California 90404
(310) 829-6811
"-J... LOS IL........._
~ ANGELES .~
This space is for th'ounty Clerk's FlUng Stamp
Proof of Publication of
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. + ~ ~ - - - -- - - .. ........ - .. . . .. ... I .. ... . . . . . . . . . ._~I~.. . . .. ~ .. ... . ~ . . . . . ~ . .
EONS
City of Santa MonIca
Ordmance Number 1861 (CCS)
(City Councd Senes)
ORDINANCE OF Uili CITY COUNell. OF THE CITY OF SANTA MONICA SETTING
THE 1996-97 TAX RATE FOR THE MAIN LIBllARY IMPROVEMENTS PROlECT
GENERAL OBliGATION BONDS
The foUowing IS a SUIIIltlU)" ofOnhnance Number 1861 (CCS) prepared by the ~ of
CUy Attorney-
OrdmanccNumber 1861 (eCS) setuhe Fiscal Year 1996-97 ad valorem Tax: Rate for the
Library Improvements Project Genen1 OblIgation ~ Senes 1990 at S 004683 per
$100 00 of assessed value fur property loc:ated WIthin the City of Santa Momca. TflI.-iU--'q in
addrtJon to all other taJtes levied for CIty purposes, wilfbe collected at tho ~ and in the manner
as othec City ad VII10rem taxes are collected, and will be used for no purpose othenhllll payment
of the Mam .LIbrary Improvements Project General. Obligatmn Bonds and 8CCJlled interest
thereon.
0rdmInce Number 1861 (CCS) was adopted on September 10, 1996, and IhaIJ become
effeetJve unmedlately _
I. Maria M Stewart. C1ty Clerk. do hereby cendY that Ordinance Numbet-1861- (CCS)
had its first and only reqwred reading on September 10, 19%, and was passed by the ~_
vote
. _-f.,.~ . 1~~.
Ayes
Councilmembers ~~~~~~_
.;- _ -~ ~""o..J. ..-( . - ...-
Noes.
CounclI members
Council membtn
Abstain
Absent
Council members
/SIMARIAM. STEWART -
City Cletk
The fuD teltt of tile above Ordmance IS avallable upon request from the offke oftbe City
::Jerk, located at 1685 Main Street, Room 102, Santa MonIca Phone (310) 458-8211
lub September 14, 1996
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