5698FOLLOWS:
ORDINANCE NO. 5698
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
1999/00, 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 1999/00 of
.004342 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 $696,347.00.
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 1999/00 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 each year.
2. The required financial data necessary to allow the City
to determine the tax rate were not received by the City until
August 10, 1999.
3. The last meeting of the City Council prior to the
deadline for adoption of such ordinance is on August 24, 1999.
4. Failure to adopt the tax rate and levy taxes within the
time provided by law would result in insufficient revenues in
fiscal year 1999/00 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 ORDINANCE is approved and adopted by the
City Council of the City of Anaheim this 24th day of August,
1999.
MAYOR OF THE CITY OF A HEIM
ATTEST:
ITY CL RK OF THE CITY OF ANAHEIM
20039.4
E
DATE: 8/12/99 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 1999/00
FY 1998/99 ESTIMATED CLOSING FUND BALANCE $569,761
LESS ESTIMATED CHARGES TO FUND
PRIOR TO NEXT PROPERTY TAX LIEN:
10/1/99 Debt Service Payment 529,386
4/1/00 Debt Service Payment 203,361
10/1/00 Debt Service Payment 533,361
Total charges: 1,266,108
FY 1999/00 DEBT SERVICE REVENUE
REQUIREMENT (Estimated Total Charges
less Estimated Fund Balance) $696,347
RF.VF.NUE CALCULATIONS - UNSECURED
FY 1999/00 Taxable Unsecured Valuation: $967,080,076 /100 = 9,670,801 A)
FY 1998/99 Tax rate per $100 Assessed 0.004471 B)
Value:
FY 1999/00 Tax Yield (A * B) 43,238 C)
Remaining Revenue Requirement
FY 1999/00
REVENUE REQUIREMENTS
Revenue Requirement less C)
SF.C'URF.D
653,109
-
Remaining Revenue Requirement:
653,109
Divided by
FY 1999/00
Total Secured Valuation: $15,040,958,372
/100 = 150,409,584
FY 1999/00
SECURED TAX RATE PER
$100 ASSESSED VALUE:
0.004342
FY 1999/00
COST FOR AN ASSESSED VALUE OF $100,000
$4.34
LAST YEAR'S RATE
0.004471
INCREASE (DECREASE)
(0.000129)
PAGE 1
DATE: 8/12/99
DEBT SERVICE (FUND 301) REVENUES/EXPENDITURES
OBJECT # REVENUE DESCRIPTION
Beginning Fund Balance
FY 1998/99 FY 1999/00
ACTUALS (6/32) ESTIMATED
552,506 569,761
1001
Current Secured
$653,868
$653,109
1002
Current Unsecured
41,726
43,238
1004
Prop Tax Pen/Interest
0
1005
Prior Year's Collection:
0
1009
Misc. Prop Tax
0
1011
P/Y County Bankruptcy
0
1621
Homeowner's Exemp Reimb.
11,473
5001
Interest Income
20,146
Other
0
$727,213
$696,347
EXPENDITURE DESCRIPTION
8278
Arbitrage Service Fees
$500
$0
8271
Fiscal Agent Service
1,236
0
8772
93GO Bond Refunding Interest
438,222
417,747
9382
City Charges
0
0
9429
GO Bond Refunding Principle
270,000
315,000
Ending Fund Balance
PAGE 2
$709,958 $732,747
$569,761 $533,361
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, SHERYLL SCHROEDER, City Clerk of the City of Anaheim, do hereby certify that the foregoing
Ordinance No. 5698 was introduced at a regular meeting of the City Council of the City of
Anaheim, held on the 24th day of August 1999, and that the same was duly passed and adopted
at a regular meeting of said City Council held on the 24th day of August, 1999, by the following
vote of the members thereof:
AYES: MAYOR/COUNCIL MEMBERS:
NOES: MAYOR/COUNCIL MEMBERS:
ABSENT: MAYOR/COUNCIL MEMBERS:
Feldhaus, Kring, Tait, McCracken, Daly
None
None
AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said Ordinance No. 5698
on the 24th day of August, 1999.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of
Anaheim this 24th day of August, 1999.
CITY CLE K OF THE CITY OF ANAHEIM
(SEAL)
I, SHERYLL SCHROEDER, City Clerk of the City of Anaheim, do hereby certify that the foregoing
is the original of Ordinance No. 5698 and was published once in the North County News on the
24th day of August, 1999.
CITY CLERK OF THE CITY OF ANAHEIM
PROOF OF PUBLICATION
STATE OF CALIFORNIA, }
ss.
County of Orange, )
I am a citizen of the United States and a resident of
the County aforesaid; I am over the age of twenty
one years, and not a party to or interested in the
above entitled matter. I am the principal clerk of the
Anaheim Bulletin, a newspaper that has been
adjudged to be a newspaper of general circulation
by the Superior Court of the County of Orange,
State of California, on December 28, 1951, Case
No. A-21021 in and for the City of Anaheim, County
of Orange, State of California; that the notice, of
which the annexed is a true printed copy, has been
published in each regular and entire issue of said
newspaper and not in any supplement thereof on
the following dates, to wit:
September 2, 1999
"I certify (or declare) under the penalty of perjury
under the laws of the State of California that the
foregoing is true and correct":
Date September 2 '19 99
Signature
Anaheim Bulletin
1771 S. Lewis St.
Anaheim, CA 92805
(714) 634-1567
This space is for the County Clerk's Filing Stamp
Ay c)
Proof of Publication of
NOTICE OF AOOPTION OF, ORDINANCE
ORDINANCE NO. 5696: At "If.regular meeting
held August 24, 1999, the Anaheim City Council
voted on adoption of this Ordinance with the
following result:
AYES: Feldhous, Kring, McCracken, Tait,
and Daly
NOES: None
ABSTAIN: None
ABSENT: None
This ordinance 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 1999/00, declaring the urgency
thereof, and declaring that this Ordinance stWil
take Immediate effect as an emergency mea-
sure.
If you wish a full copy of the text of the above
Ordinance, please call the Office of the City
Clerk of Anaheim, 765-5166, between 8:00
a.m. and 5:00 p.m. Monday though Friday.
There Is no charge for the copy.
Publish: Anaheim Bulletin
September 2, 1999
25-1192
8PU201000
PROOF OF PUBLICATION