Ordinance 1021
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ORDINANCE NO. 1021
ORDINANCE OF THE CITY OF GlhROY EIXING THE AD VALOREM ASSESSMENT FOR
THE CURRENT FISCAL YEAR 1974-1g7~ NECESSARY TO SUPPORT THE DEPARTMENTS
AND BONDED INDEBTEDNESS OF THE CITY OF GILROY AND THE CITY OF GILROY
PARKING DISTRICT No.1.
WHEREAS.} the City Council has adopted Ordinance No. 1020 fixing
the amount of revenue from property taxes necessary to support its departments for
the current year 1974-1975, and 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 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.1020 fixing
the amount of revenue required to support its departments and pay for its Bonded
Indebtedness for the current year at the sum of $
567,232.00
and to raise
the said sum will 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 Gilroy has also adopted in said Ordinance
No. 1020 the fixed amount of revenue, in the amount of $ 5,242.00 , requi red
by the City of Gilroy Parking District No.1 to pay its bonded indebtedness, and
to raise said sum will require a tax rate for the current fiscal year of $ 1.62
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.
NOW.} THEREFORE.} BE IT ORDAINED that the tax rates for the
fiscal year 1974-1975 for the City of Gilroy shall be as follows:
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ORDINANCE NO. 1021
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Section 1. 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 $ 1.62 on each $100.00 of assessed valuation upon all land (exclu-
sive 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 Gil-
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 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 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 (15) days after its
adoption.
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PASSED AND ADOPTED by the Council on this 19th day of August,
1974, by the following vote:
AYES:
NOES:
ABSENT:
COUNCIL MEMBERS: DeBEll, DUFFIN, HUGHAN, PATE,
SILVA and GOODRICH.
COUNCIL MEMBERS: STOUT
COUNCIL MEMBERS: None
APPROVED:
::rna~~~.-~.
AYOR
ATTEST:
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I, SUSANNE E. STEINMETZ, City Clerk of the City of Gilroy, do hereby
certify that the attached Ordinance No. 1021 is an original ordinance,
duly adopted by the Council of the City of Gilroy at a regular meeting of
said Counci 1 held on the 19th day of
Au g u s t , 19.1.!, at whi ch
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 23rdday of
August
, 19--7-,4
~t04~w..j r
lty Clerk of the City of
(S ea I)