Ordinance 1986-12ORDINANCE NO. 86 - 12
ORDINANCE OF THE CITY OF GILROY FIXING THE AD VALOREM ASSESSmeNT FOR
THE CURRENT FISCAL YEAR 1986 - 1987 NECESSARY TO PAY BONDED INDEBTED-
NESS OF THE CITY OF GILROY AND THE CITY OF GILROY PARKING DISTRICT NO.
1 - FIRST DIVISION.
~EREAS, the City Council has adopted Ordinance No. 86 - 11
fixing the amount of revenue from property taxes necessary in the
current year 1986-1987 to pay the bonded and other indebtedness of
the City or any portion or district of the City; and
g~EREAS, 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, using as a basis
the value of the property as assessed and equalized, which rates shall
be sufficient to raise the amount fixed by ordinance or resolution and
the expenses of collection;' and
WHEREAS, the City Council has also adopted in said Ordinance
No. 86 - 11 the fixed amount of revenue, in the amount of $7,172.00 re-
quired by the City of Gilroy Parking District No. 1 - First Division
to pay its bonded indebtedness, and to raise said sum will require a
tax rate for the current fiscal year of $0.2591 per $100. assessed
valuation within said district which is Code Area No. 2-007, on land
only, assessed and equalized and 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 1986-1987 for the City of Gilroy shall be as follows:
Section 1. Assessment Levy. An ad valorem assessment in
the amount of $0.2591 per $100. assessed valuation upon all land (ex-
clusive of public property in use in the performance of a public
function) within the special assessment district, Code Area No. 2-007,
formed in the proceedings pursuant to Resolution No. 837 of Preliminary
ORDINANCE NO. 86 - 1R -1-
Determination and of Intention - First Division for the proposed
acquisition and construction of parking facilities and the formation
of Parking District No. 1 - First Division 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 - First Division.
Said assessment shall be collected in the same manner and be
subject to the same penalties, costs and interest, and may be re-
deemed, 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 2. 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 3. For the reason that Article VI of the Gilroy
Charter provides that an ordinance declaring the amount of money
necessary to be raised for taxation or fixing the rateof taxation
or levying the annual property tax, peed not be published and can be
made effective immediately 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 this 4th day of August, 1986, by the fol-
lowing vote:
AYES:
NOES:
ABSENT:
COUNCILMEP~ERS:ALBERT, GAGE, KLOECKER, }~SSALLEM,
VALDEZ and HUGHAN.
COUNCILME}~ERS: None
COUNCILMEMBERS: PALMERLEE
APP~D: ~ / ./
/~ M/ay~r~~
ORDINANCE NO. 86 -12 2
I, SUSANNE E. STEINMETZ, City Clerk of the City of
Gilroy, do hereby certify that the attached Ordinance No. 86-12
is an original ordinance, duly adopted by the Council of the City
of Gilroy at a regular meeting of said Council held on the 4th
day of
present.
August
, 19 86 , at which meeting a quorum was
affixed the Official Seal of the City of Gilroy, this
of August , 19 86
IN WITNESS WHEREOF, I have hereunto set my hand and
5th day
(Seal)
~{ty Clerk of the City of