5513FOLLOWS:
ORDINANCE NO. 5513
AN ORDINANCE OF THE CITY OF ANAHEIM
FIXING AND LEVYING A PROPERTY TAX ON
FULL CASH VALUE OF ALL PROPERTY WITHIN
THE CORPORATE LIMITS OF THE CITY OF
ANAHEIM FOR THE FISCAL YEAR 1995/96,
DECLARING THE URGENCY THEREOF, AND
DECLARING THAT THIS ORDINANCE SHALL
TAKE IMMEDIATE EFFECT AS AN EMERGENCY
MEASURE.
THE CITY COUNCIL OF THE CITY OF ANAHEIM DOES ORDAIN AS
SECTION 1.
That pursuant to Section 93 of the Revenue and Taxation
Code of the State of California there be, and is fixed and
levied, a property tax rate for the fiscal year 1995/96 of
.004063 percent of full value on all real and personal property
within the corporate limits of the City of Anaheim, for the
purpose of paying the annual interest on bonds and such part of
the principal as will become due before the proceeds of the next
general tax levy will be available. The amount of funds to be
generated from taxable property within the City of Anaheim as
revenue to pay the voter approved indebtedness from this action
is the sum of $580,896.00.
SECTION 2.
That the City Clerk of the City of Anaheim shall
certify to the County Auditor of Orange County, the foregoing
distribution of the tax rate of the City of Anaheim to be
extended by him on the 1995/96 County Assessment Roll for the
collection thereof in the same manner as County taxes.
SECTION 3. DECLARATION OF URGENCY
This Ordinance is hereby declared to be necessary as an
emergency measure for the immediate preservation of the public
peace, health or safety which shall be in full force and effect
immediately upon its adoption pursuant to Section 511 of the City
Charter. A statement of the reasons for such urgency is:
1. The Anaheim City Charter requires that the City Council
fix the rate and levy taxes on or before August 31 of each year.
2. The required financial data necessary to allow the City
to determine the tax rate was not received by the City until
August 14, 1995.
I
3. The last meeting of the City Council prior to the
deadline for adoption of such ordinance is on August 22, 1995.
4. Failure to adopt the tax rate and levy taxes within the
time provided by law would result in insufficient revenues in
fiscal year 1995/96 to meet necessary obligations including
salaries and equipment for public safety personnel.
5. The adoption of this ordinance as an emergency measure
is therefore necessary for the immediate preservation of the
public peace, health or safety.
SECTION 4. DECLARATION OF IMMEDIATE EFFECT
Pursuant to the provisions of Paragraph (c) of Section
514 of the Charter of the City of Anaheim, this ordinance shall
take effect and be in full force immediately upon and after its
adoption.
SECTION 5.
The City Clerk shall certify to the passage of this
ordinance and shall cause the same to be printed once within
fifteen (15) days after its adoption in the Anaheim Bulletin, a
newspaper of general circulation, published and circulated in
said City.
THE FOREGOING
City Council of the City
. 1995.
ORDINANCE is approved and adopted by the
of Anaheim this 22nd day of August
t
MAYOR OF THE CITY O V
ANAHEIM
ATTEST:
aa;f. CITY CLERK OF TH ITY OF ANAHEIM
13320.1\JWHITE\August 15, 1995 2
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing urgency Ordinance
No. 5513 was duly passed and adopted at a regular meeting of the City Council of the City of Anaheim held on the
22nd day of August, 1995 and after reading of the ordinance by the City Attorney by the following vote of the
members thereof:
AYES: COUNCIL MEMBERS: Tait, Lopez, Zemel, Feldhaus, Daly
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said Ordinance No. 5513 on the 22nd day
of August, 1995.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Anaheim this 22nd
day of August, 1995.
aat4l.EITY CLERK OF THE Cl V
F ANAHEIM
(SEAL)
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original of
Ordinance No. 5513 and was published once in the Anaheim Bulletin on the 31st day of August, 1995.
ITY CLERK OF THE OF ANAHEIM
DATE: 8/14/95
GENERAL OBLIGATION BOND DEBT SERVICE
Storm Drain Improvement Bonds, Election of November 4, 1980 (2/3 voter approval)
Issued pursuant to Article XIII A as amended on June 3,1986
Calculations For FY 1995/96
FY 1994/95 ESTIMATED CLOSING FUND BALANCE $587,488
LESS ESTIMATED CHARGES TO FUND
PRIOR TO NEXT PROPERTY TAX LIEN:
10/1/95 Debt Service Payment
462,811
4/1/96 Debt Service Payment
240,286
10/1/96 Debt Service Payment
465,286
Total charges:
1,168,384
FY 1995/96 DEBT SERVICE REVENUE
REQUIREMENT (Estimated Total Charges
less Estimated Fund Balance)
$580,896
REVENUE CALCULATIONS - UNSECURED
FY 1995/96 Taxable Unsecured Valuation:
$868,646,583 /100 =
8,686,466 A)
FY 1994/95 Tax rate per $100 Assessed
0.003819 B)
Value:
FY 1995/96 Tax Yield (A * B)
33,174 C)
Remaining Revenue Requirement
FY 1995/96 Revenue Requirement less C) 547,722
REVENUE REOUIREMENTS - SECURED
Remaining Revenue Requirement: 547,722
Divided by
FY 1995/96 Total Secured Valuation: $13,479,703,421 /100 = 134,797,034
FY 1995/96 SECURED TAX RATE PER
$100 ASSESSED VALUE: 0.004063
FY 1995/96 COST FOR AN ASSESSED VALUE OF $100,000 $4.06
LAST YEAR'S RATE
INCREASE (DECREASE)
PAGE 1
0.003819
0.000244
DATE: 8/14/95
DEBT SERVICE (FUND 301) REVENUESIEXPENDITURES
OBJECT # REVENUE DESCRIPTION
Beginning Fund Balance
1001
Current Secured
1002
Current Unsecured
1004
Prop Tax Pen/Interest
1005
Prior Year's Collections
1009
Misc. Prop Tax
1621
Homeowner's Exemp Reimb.
5001
Interest Income
Other
EXPENDITURE DESCRIPTION
8278
Arbitrage Service Fees
8271
Fiscal Agent Service
8772
93GO Bond Refunding Interest
9429
GO Bond Refunding Principle
Ending Fund Balance
PAGE 2
FY 1994/95 FY 1995/96
ACTUALS (6/32) ESTIMATED
749,000 587,488
$515,035 $547,722
49,976 33,174
0
845
0
8,268
24,081
0
$598,206 $580,896
$2,000
3,345
504,373
250,000
$759,718
$0
0
488,097
215,000
$703,097
$587,488 $465,287