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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 88-397 <br /> <br /> ARESOLUTION FIXING THE TAX RATE FOR DEBT <br /> SERVICE ON VOTER APPROVED GENERAL OBLIGATION <br /> BONDS DURING FISCAL YEAR 1988-89 <br /> <br />WHEREAS, the City of Pleasanton, a general law city, must <br /> establish its 1988-89 fiscal year tax rate for debt <br /> service on voter approved General Obligation Bonds and <br /> notify the County Auditor of said tax rate before <br /> September 1, 1988; and <br /> <br />WHEREAS; the tax rate for Debt Service on Bond issues approved <br /> by the voters is specifically exempt from the tax rate <br /> limitations imposed by California Constitution Article <br /> XIII A (Proposition 13). <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />RESOLVES AS FOLLOWS: <br /> <br />Section 1: The tax rate for debt service on voter approved <br /> General Obligation Bonds for the City of <br /> Pleasanton for fiscal year 1988-89 is fixed as <br /> follows: <br /> <br /> Debt Service District No. 1 <br /> .0025% of full value <br /> <br /> Debt Service District No. 2 <br /> .0025% of full value <br /> <br />Section 2: This resolution shall become effective immediately <br /> upon its passage and adoption. <br /> <br />Section 3: This resolution shall be published once within <br /> fifteen (15) days after its adoption in "The <br /> Valley Times" a newspaper of general circulation, <br /> published and circulated in the City of <br /> Pleasanton. <br /> <br /> <br />