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1 RESOLUTION N). 3851 <br />2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />COLTON FIXING AND ESTABLISHING THE TAX RATE FOR <br />3 i THE BONDED INDEBTEDNESS pF THE CITY OF COLTON <br />I FOR THE 1978-79 FISCAL YEAR. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLTON AS <br />5, <br />FOLLOWS <br />f� <br />The tax rate necessary to be applied to taxable property in <br />7 <br />I the City of Colton to generate revenue to nay a portion of the bonded indebted <br />- <br />81 <br />ness of the City of Colton and the expense of collecting such amount is <br />j $0.0378. <br />3.0 <br />The rate is to be applied to the total value of the property <br />' within the City as determined by the County Assessor and applied by the County <br />12 <br />r by the County Auditor of the County of San Bernardino. <br />13: <br />i This resolution is adopted pursuant to the general laws of the <br />1 <br />15 <br />State of California, specifically, Chapter 292 of the statutes of 1978 implement- <br />ing ng Proposition 13. The ad valorem tay rate is to retire the -current year <br />s amount, $23,700, of the General Obligation Bonds in the amount of $305,000, <br />17 <br />approved by referendum in 1965. <br />1£i � <br />PASSED', APPROVED and ADOPTED this 5th day of September, 1978. <br />19 <br />2® <br />1 FRAN ;� 0 7AL <br />Mayo <br />22i ATTEST.: <br />23 <br />24 HELENA RADIOS <br />City Clerk <br />25 <br />i <br />26 <br />27 <br />28} <br />