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Ordinance 826 -~..... ORDINANCE NO. 826 ORDINANCE OF THE CITY OF GILROY FIXING THE AD VALOREM ASSESSMENT FOR THE CURRENT FISCAL YEAR 1968-1969 NECESSARY TO SUPPORT THE DEPARTMENTS AND BONDED INDEBTEDNESS OF THE CITY OF GILROY AND THE CITY OF GILROY PARKING DISTRICT NO. I. WHEREAS, the City Council has adopted Ordinance No. 825 fix- ing the amount of revenue from property taxes necessary to support its depar- tments for the current year 1968-1969 and to pay the bonded and other indeb- tedness of the City or any portion or district of the City; and WHEREAS, Section 51511 of the Government Code requires that the City Legislative body annually before September 1st fix the rate of taxes or rates of taxes if different portions or districts require different rates, designated in the number of cents upon each $100.00, using as a basis the value of the property as assessed and equalized, which rates shall be suf- ficient to raise the amount fixed by ordinance or resolution and the ex- penses of collection; and WHEREAS, the City Council has adopted Ordinance No. 825 fix- ing the amount of revenue required to support its departments and pay for its Bonded Indebtedness for the current year at the sum of $ 281.437.00 and to raise the said sum will require a tax rate for the current fiscal year of $ 1.35 007 and $ 1.34 on property within Code areas No. 2-000, 2-006 and 2- in Code areas No. 2-001, 2-002, 2-004 and 2-005, for each $100.00 value of property as assessed and equalized and said rates should be adopted as the tax rates for said current fiscal year, and WHEREAS, the City of Gilroy has also adopted in said Ordinance No. 825 the fixed amount of revenue, in the amount of $ 6,392.00 required by the City of Gilroy Parking District No. I to pay its bonded in- debtedness, and to raise said sum will require a tax rate for the current fiscal year of $ 2.036 on land only within said district which is Code area No. 2-007, for each $100.00 value on land assessed and equalized and - I - fS ;Z0 said rate should be adopted as the tax rate for said current fiscal year, NOW THEREFORE, BE IT ORDAINED that the tax rates for the fiscal year 1968-1969 for the City of Gilroy shall be as follows: Section 1. That the tax rate shall be $ 1.35 on property within said Code:Areas No. 2-000,2-006 and 2-007 and $ 1.34 on property in said Code Areas No. 2-001, 2-002, 2-004 and 2-005, for each $100.00 value of property as assessed and equalized. Section 2. Assessment Levy. An ad valorem assessment in the amount of $ 2.036 on each $100.00 of assessed valuation upon all land (exclusive of public property in use in the performance of a public func- tion) within the special assessment district, Code Area No. 2-007, formed in the proceedings pursuant to Resolution No. 837 of Preliminary Determina- tion and of Intention for the proposed acquisition and construction of park- ing facilities and the formation of Parking District No.1 is hereby levied for the payment of the principal and interest on the indebtedness incurred in said proceedings and due on Bond Plan D, City of Gilroy Parking Bonds of 1965. Said assessment shall be collected in the same manner and be subject to the same penalties, costs and interest, and may be redeemed, and the property sold for non-payment thereof, and title shall pass to the purchaser, as provided for City taxes, except that the period of redemption shall be one year instead of five. Section 3. That there shall be immediately transmitted to the County Auditor or County official performing the duties of a County Auditor, a statement of the tax rates as herein fixed. Section 4. For the reason that Article Vl of the Gilroy Charter provides that an ordinance declaring the amount of money necessary to be raised for taxation or fixing the rate of taxation or levying the annual tax upon property, need not be published and can be made effective immediately - 2 - ..._~~,-..j,..,.....,-,. upon adoption, this ordinance shall take effect from and after its adoption and approval, but the City Clerk shall cause at least the title and summary of this ordinance to be published once in the official newspaper of the City within fifteen (15) days after its adoption. PASSED AND ADOPTED by the Council on this 19th day of August, 1968, by the following vote: NOES: COUNCIL MEMBERS: Allemand,Duffin,Kennedy,Quartiroli, Silva,Wentw0rth, and Goodrich. COUNCIL MEMBERS: None AYES: ABSENT: COUNClL MEMBERS: None APPROVED: ~l{ ATTEST: JUdM!nd ,d~ / City C erk .. (. .. .. . I, SUSANNE E. STEINMETZ, City Clerk of the City of Gilroy, do hereby certify that the attached Ordinance No. H?~ is an original ordinance, duly adopted by the Council of the City of Gilroy at a regular meeting of said Counci I held on the lC}thday of Auqust , 19~, at which meeting a quorum was present. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Gilroy, this 20th day of August , 19 68 .