Resolution No. 87-114 CITY OF TIGARD, OREGON
RESOLUTION NO, 87---F`--
A RESOLUTION OF THE CITY OF TIGARD AMENDING SECTION 4 OF RESOLUTION 87-94
DECLARING THE TAX LEVY FOR FISCAL YEAR 1987_88,
WHEREAS, Resolution 87-94 declared the 1987-88 ad valorem tax lr-vy to be
$2,216,441 allocated to the General Fund and to the Debt Service Fund: and
WHEREAS, the annexation increase to the tax base provided for by local budget
law was computed based upon current assessed values in the annexed area; and
WHEREAS, the State Department of Revenue requires that the annexation increase
be computed using assessed values of the annexed area as of October of the
previous year; and
WHEREAS, the State Department of Revenue has requested that Resolution 87-94
be amended to reflect the October 1966 assessed values of the annexed area
the tax base computation; and in
NOW, THEREFORE, BE IT RESOLVED by the Tigard City Council that:
SECTION 1: Section 4 of Resolution 87-94 be amended to read as follows:
"Section 4. The City Council Of the City Of Tigard hereby
levies the taxes provided for in the adopted Dudget in the
aggregate amount of $2,216,441 and that these taxes are hereby
levied upon all taxable property within said district as of 1:00
a.m., January 1, 1987. The following allocations constitute the
above aggregate levy:
"General Fund $2,087,349
Bond Debt _ _ 129`092
Total $2,216,441 "
PASSED: This jL'Ch day of _'� G /
�� 1 87.
�i
-qty of Tigard
Council President
ATTEST:
r
City Recorder - Gity o Tigard
Deputy
'
Sb/0301D
RESOLUTION N0. 87-
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