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RESOLUTION NO. 76-75 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA FIXING THE AMOUNT OF <br />REVENUE FROM PROPERTY TAXES FOR FISCAL <br />YEAR 1976-77 NEEDED FOR GENERAL MUNICIPAL <br />PURPOSES, EXCLUSIVE OF BONDED INDEBTEDNESS; <br />AND FIXING THE AMOUNT OF REVENUE FROM PROP- <br />ERTY TAXES NECESSARY TO PAY THE BONDED <br />INDEBTEDNESS OF THE CITY IN SAID FISCAL YEAR <br /> <br />KLG:rs <br />7-14-76 <br /> <br />BE IT RESOLVED by the City Council of the City of Santa <br /> <br /> SECTION 1: This Council hereby determines that the total <br />amount of revenue from property taxes required for general munici- <br />pal purposes for the City's fiscal year beginning July 1, 1976 and <br />ending June 30, 1977, from the tax levy made in such fiscal year, <br />is the sum of $11,209,500.00, exclusive of moneys needed for pay- <br />ment of the bonded indebtedness of the City. <br /> <br /> SECTION 2: This Council hereby determines that the total <br />amount of revenue from property taxes required to pay the bonded <br />indebtedness of the City in the City's fiscal year beginning July <br />1, 1976 and ending June 30, 1977, from the tax levy made in such <br />fiscal year, is the sum of $59,000.00. <br /> <br /> SECTION 3: Each of the above mentioned sums includes <br />moneys which will be received by the City from the State of <br />California in lieu of property tax receipts, by reason of the <br />Home Owners' Property Tax Exemption and by reason of the partial <br />exemption of business inventories, as provided in the laws and <br />statutes of the State of California. <br /> <br />ADOPTED this 19th day of July, 1976, by the following <br /> <br />vote: <br /> <br />AYES: Ward~ Bricken, Yamamoto, Garthe, Evans, Brandt <br /> <br />NOES: 0rtiz <br /> <br />ABSENT: None <br /> <br />ATTEST: <br /> <br />CLERK OF THE COUNCIL <br /> <br />APPROVED AS TO~RM: <br /> <br />KEITH L. GOW <br />CITY ATTORNEY <br /> <br />G.C. 51508 <br /> <br /> <br />