Ordinance 1979-22ORDINANC~
NO. 79 - 22
ORDINANCE OF THE CITY OF GILROY FIXING THE AD VALOREM ASSESS~NT
FOR THE CURRENT FISCAL YEAR t979-1980 NECESSARY TO PAY BONDED
INDEBTEDNESS OF THE CITY OF GILROY AND THE CITY OF GILROY PARKING
DISTRICT NO. 1 - FIRST AND SECOND DIVISIONS.
WHEREAS, the City CoUncil has adopted Ordinance No. 79 -
21 fixing the amount of revenue from property taxes necessary in
the current year 1979-1980, to pay the bonded and other indebted-
ness of the City or any portion or district of the City; and
WHEREAS, Section 515i]. of the Government Code requires
that the City Legislative body annually before September 1st, fix
the rate of taxes or rates
taxes if different portions or dis-
tricts require different rat~s, 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 CoCncil has adopted Ordinance No. 79 -
21 , fixing the amount of revenue to pay for its Bonded Indebted-
ness for the current year atlthe sum of $99,477.00 and to raise
the said sum will require a tax rate for the current fiscal year
of $.109 for each $100.00 va~ue 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 CoUncil has also adopted in said Ord-
inance No. 79 - 21 the fixediamount of revenue, in the amount of
$11,446.00, required by the City of Gilroy Parking District No.
1 - First and Second Divisions to pay its bonded indebtedness,
ORDINANCE NO. 79 - 22 -1-
!
and to raise said sum will r~qUire a tax rate for the current
fiscal year of $2.84 on land|only within said district which is
Code area No. 2-007, for eact
equalized and said rate shou]
said current fiscal year;
NOW, THEREFORE, BE I%
~100.00 value on land assessed and
d be adopted as the tax rate for
ORDAIN that the tax rates for
the fiscal year 1979-1980 fo~ the City of Gilroy shall be as fol-
lows:
Section 1. That the' tax rate shall be $.109 for each
$100.00 value of property as assessed and equalized.
Section 2. Assessm~nt LeVy. An ad valorem assessment
~h
in the amount of $2.84 on ea~ $100 00 of assessed valuation upon
all land (exclusive of publid property in use in the performance
of a public function) withinithe special assessment district,
Code Area No. 2-007, formed ~n the proceedings pursuant to Reso-
lution No. 837 of Preliminary Determination and of Intention -
First Division and Resolution No. 1806 of Preliminary Determina-
tion and of Intention for tho proposed acquisition and construc-
tion of parking facilities a~d the formation of Parking District
No. 1 - First and Second Divisions is hereby levied for the pay-
ment of the principal and in~erest on the indebtedness incurred
in said proceedings and due
Bonds of 1965 - First and Set
Said assessment shall
be subject to the same oenal~
redeemed, and the property st
~n Bond Plan D, City of Gilroy Parking
~ond Divisions.
be collected in the same manner and
ies, costs and interest, and may be
~ld 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
ORDINANCE NO. 79 - 22 -2-
of five.
Section ~3.
shall be i~m~ediately transmitted
to the County Auditor
official performing the duties
of a County Auditor, 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 taxa-
tion or levying the annual tax upon property, need not be pub-
lished and can be made effec¢ive immediately upon adoption, this
ordinance shall take effect ~rom and after its adoption and ap-
proval, but the City Clerk shall cause at least the title and
surr~ary of this ordinance to be published once in the official
newspaper of the City within i fifteen (15) days after its adoption.
PASSED AND ADOPTED this 20th day of August, 1979, by the
following vote:
AYES:
NOES:
COUNCIL iM~MBERS: CHILnERS .... , CIMNIR~ ~ ~tA~GT. w, HUGHAN,
LINK, STOUT and GOODRICH.
COUNCILiMEMBERS: None
ABSENT: CO~CIL
ATTEST:
.ME~MBERS: PATE
APPROVED:
Mayor
ORDINANCE NO. 79 - 22 -3-
I, SUSANNE E. STEINMETZ, Ci y Clerk of the City of Gilroy, do hereby
certify that the attached OrdinanCe No. 79-22is an original ordinance,
duly adopted by the Council of th~ City of Gilroy at a regular meeting of
said Council held on the 20th day of August ..... , 197_9. , at which
meeting a quorum was present.
IN WITNESS WHEREOF, I have ~ereunto set my hand and affixed the
/
official seal of the City of GilrOy, this 22nd_. day of AuAust .., 197g
(Seal)