Ordinance 2004-12
ORDINANCE NO. 2004-12
ORDINANCE OF THE CITY OF GILROY FIXING THE AD VALOREM
ASSESSMENT FOR THE CURRENT FISCAL YEAR 2004-2005
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. 2004-11 fixing the amount of
revenue from property taxes necessary in the current year 2004-2005 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 1 st, 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. 2004-l1 the fixed
amount of revenue, in the amount of $4,321.00 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 $0.05956 per $100.00; 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 2004-
2005 for the City of Gilroy shall be as follows:
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ORDINANCE NO. 2004-12
Section 1. Assessment Levy. An ad valorem assessment in the amount of$0.05956
per $100.00 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 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.
F or 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 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.
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ORDINANCE NO. 2004-12
PASSED AND ADOPTED this 19th day of July, 2004 by the following vote:
AYES:
COUNCILMEMBERS: CORREA, DILLON, GARTMAN, MORALES,
VALIQUETTE, VELASCO, and PINHEIRO
NOES:
COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
APPROVED:
~
ATTEST:
~~,
Rlionda Pellin, City Clerk
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ORDINANCE NO. 2004-12
I, RHONDA PELLIN, City Clerk of the City of Gilroy, do hereby certify that the attached
Ordinance No. 2004-12 is an original ordinance, or a true and correct copy ofa city ordinance,
duly adopted by the Council of the City of Gilroy at a regular meeting of said Council held on the
19th day of July, 2004, at which meeting a quorum was present, and has been published or posted
pursuant to law.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of
the City of Gilroy this 21 st day of July, 2004.
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Wi71.djZ "/CC-LL'.L
City Clerk of the City of Gilroy
(Seal)