Ordinance 1992-14ORDINANCI~ NO. 92 - 14
ORDINANCE OF THE CITY OF GILROY FIXING THE AD VALOREM ASSESSMENT FOR THE CURRENT
FISCAL YEAR 1992-1993 NECESSARY TO PAY BONDED INDEBTEDNESS OF THE CITY OF GILROY
AND THE CITY OF GILROY PARKING DISTRICT NO. 1 - FIRST DIVISION.
WHEREAS, the City Council has adopted Ordinance No. 92 - 13 fixing the
amount of revenue from property taxes necessary in the current year 1992-1993 to
pay the bonded and other indebtedness 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, 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. 92 - 13
the fixed amount of revenue, in the amount of $6,555.00 required 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 $0.0823
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
1992-1993 for the City of Gilroy shall be as follows:
Section 1. Assessment Levy. An ad valorem assessment in the amount
of $0.0823 per $100. assessed valuation upon all land (exclusive 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 Determination and of Intention - First Division for the proposed
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ORDINANCE NO. 92 - 14
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 interests, 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 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 Gtlroy 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 property tax, need 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 24th day of August, 1992, by the following
vote:
AYES:
NOES:
ABSENT:
COUNCILMEMBERS: HALE, KLOECKER, NELSON, VALDEZ and GAGE.
COUNCILMEMBERS: None
COUNCILMEMBERS: GILROY and ROWLISON
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APPROVED:
ORDINANCE NO. 92 - 14
I, SUSANNE E. STEINMETZ, City Clerk of the City of Gilroy, do
hereby certify that the attached Ordinance No. 92-14 is an original
ordinance, duly adopted by the Council of the City of Gilroy at a regular
meeting of said Council held on the ' 24th day of August , 19 92 ,
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 25th day of August
19 92.
(Seal)