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Ordinance 1975-15ORDINANCE NO. 75-15 ORDINANCE OF THE CITY OF GILROY FIXING THE AD VALOREM ASSESSMENT FOR THE CURRENT FISCAL YEAR 1975-76 NECESSARY TO SUPPORT THE DEPARTMENTS AND BONDED INDEBTEDNESS OF THE CITY OF GILROY AND THE CITY OF GI,LROY PARKING D})STRICT NO. i - FIRST AND SECOND DIVISIONS, WHEREASj the City Council has adopted Ordinance No. 75-14 fixing the amount of revenue from property taxes necessary to support its departments for the current year 1975-1976, and to pay the bonded and other indebtedness of the City or any portion or district of the City; and WHEREASj 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. 75-14 fixing the amount of revenue required to support its departments and pay for its Bonded In- debtedness for the current year at the sum of $679,718.00 and to raise the said sum will require a tax rate for the current fiscal year of $1.25 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. 75-1 the fixed amount of revenue, in the amount of $14,334.00, required by the City of Gilroy Parking District No. I - First and Second Divisions to pay its bonded in- debtedness, and to raise said sum will require a tax rate for the current fiscal year of $4.43 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 1975-1976 for the City of Gilroy shall be as follows: Section 1. That the tax rate shall be $1.25 for each $100.00 value of ORDINANCE NO. 75-15 -1- property as assessed and equalized. Section 2. Assessment Levy. An ad valorem assessment in the amount of $4.43 on each $100.00 of assessed valuation upon all land (exclusive of public pro- perty 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 and Resolution No. 1806 of Preliminary Determination and of Intention for the proposed acquisition and construction of parking facilities and the formation of Parking District No. I - First and Second Divisions 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 and Second Divisions. Said assessment shall be collected in the same manner and be subject 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 Audi- tor 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 taxa- tion 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. PASSED AND ADOPTED by the Council on the 18th day of August, 1975, by the following vote: AYES: COUNCIL MEMBERS: CHILDERS~ DE BELL~ DUFFIN~ LINK~ PATE AND GOODRICH, NOES: COUNCIL MEMBERS: STOUT ABSENT: COUNCIL MEMBERS: NONE APPROVED: ATTEST:, CITY clErK---- -2- I, SUSANNE E. STEINMETZ, City Clerk of the City of Gilroy, do hereby certify that the attached Ordinance No.75-15 is an original ordinance, duly adopted by the Council of the City of Gilroy at a regular meeting of said Council held on the 18th day of August ...... , 1975 .., at which meeting a quorum was present. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the offici~.~t seal of the City of/Giiroy., this 19th day of August , ..City Clerk of the CitY of Gilroy ~ (Sea I ) 19 75..