Ordinance 993
. .~
ORDINANCE NO. 991
ORDINANCE OF THE CITY OF GILROY FIXING THE AD VALOREM ASSESSMENT FOR THE CURRENT
FISCAL YEAR 1973-1974 NECESSARY TO SUPPORT THE DEPARTMENTS AND BONDED INDEBTED-
NESS OF THE CITY OF GILROY AND THE CITY OF GILROY PARKING DISTRICT NO. I.
WHEREAS, the City Council has adopted Ordinance No.992 fixing the
amount of revenue from property taxes necessary to support its departments for
the current year 1973-1974, and to pay the bonded and other indebtedness of the
City or any portion or district of the City; and
WHEREAS, Section 5]51] of the Government Code requires that the City
Legis]ative 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 sufficient to raise
the amount fixed by ordinance or resolution and the expenses of collection;
and
WHEREAS, the City Council has adopted Ordinance No. 992 fixing the
amount of revenue required to support its departments and pay for its Bonded
Indebtedness for the current year at the sum of $499,320.00 and to raise the
said sum wi]] require a tax rate for the current fiscal year of $1.30 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 Gi]roy has also adopted in said Ordinance No.
992 the fixed amount of revenue, in the amount of $5,72].00, required by the
City of Gi]roy Parking District No. ] to pay its bonded indebtedness, and to
raise said sum will require a tax rate for the current fiscal year of $].7923
on land only within said district which is Code area No. 2-007, for each $100.00
value on land assessed and equalized and said rate should be adopted as the tax
rate for said current fiscal year.
- I -
ORDINANCE NO. 993
-~ "...
NOW, THEREFORE, BE IT ORDAINED that the tax rates for the fiscal
year 1973-]974 for the City of Gi]roy shall be as follows:
Section ]. That the tax rate shall be $1.30 for each $100.00 value
of property as assessed and equalized.
Section 2. Assessment Levy. An ad valorem assessment in the amount
of $1.7923 on each $100.00 of assessed valuation upon a]l 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
for the proposed acquisition and construction of parking 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 Gi]roy Parking Bonds of 1965.
Said assessment shall be collected in the same manner and be sub-
ject 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 Artic]e VI of the Gi]roy 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
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 (]5) days after its adoption.
- 2 -
"'t"
'.
_.
~, 'It
ELAINE C. CODIGA, Deputy
I, gng~lI./t~~~t, City Clerk of the City of Gilroy, do hereby
certify that the attached Ordinance No. 993
is an original ordinance,
duly adopted by the Council of the City of Gi]roy at a regular meeting of
sa i d Counc i I hel d on the 20th day of August
, 19 Z!-, 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 21st day of August
(] r2~
Deputy the City of
, 19 Z!-.
(S ea I)