Ordinance 1981-27ORDINANCE NO. 81 - 27
ORDINANCE OF THE CITY OF GILROY FIXING THE AD VALOREM ASSESSW~NT FOR
THE CURRENT FISCAL YEAR 1981-1982 NECESSARY TO PAY BONDED INDEBTED-
NESS 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. 81-26
fixing the amount of revenue from property taxes necessary in the
current vear 1981-1982~to pay the bonded and other indebtedness of
the City or any portion or district of the City; and
I,~{EREAS, 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 oortions or dis-
tricts 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. 81 - 26 the fixed amount of revenue, in the amount of $11,218.00,
required by the City of Gilroy Parking District No. 1 - First and
Second Divisions to pay its bonded indebtedness, and to raise said
sum will require a tax rate for the current fiscal year of $0.0049 on
land only within said district which is Code area No. 2-007, 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 1981-1982 for the City of Gilroy shall be as follows:
Section 1 Assessment Levy. An ad valorem assessment in
the amount of $0.0049 of assessed valuation upon all land (exclusive
of public property in use in the performance of a public function)
ORDINANCE NO. 81 - 27 -1-
within the special assessment district, Code Area No. 2-007, formed in
the proceedings pursuant to Resolution No. 837 of Preliminary Determina-
tion and of Intention - First Division and Resolution No. 1806 of Pre-
liminary Determination and of Intention for the proposed acquisition
and construction of parking facilities and the formation of Parking
District No. 1 - 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 re-
deemed, 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. For the reason that Article VI of the Gilroy
Charter orovides that an ordinance declaring the amount of money neces-
sary to be raised for taxation or fixing the rate of taxation or levy-
ing the annual tax upon property, need not be published and can be
made effective immediately uoon 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 this 17th day of August, 1981, by the
following vote:
AYES:
NOES:
ABSENT:
ATTEST:
COUNCIL ME~ERS: ALBERT, HUGHAN, LINK, PATE, TAYLOR
AND GOODRICH.
COUNCIL MEMBERS: None
COUNCIL MEMBER:
APP ROI~ D:
-2-
OR DINANCE NO. 81-27
CI~NN~
Mayor
I, SUSANNE Eo STEIN~TZ, City Clerk of the City of Gilroy, do
hereby certify that the attached Ordinance NOo~ 81-27 is an
original ordinance, duly adopted by the Council of the City of
Gilroy at a regular meeting' of said Council held on the 17th
day of August , 19 81 , at which meeting a quorum was
pres ent o
IN WITNESS WHEREOF, I have hereunto set my hand and affixed
the Official Seal of the City of Gilroy, this 19th day of
~ August
, 19 81 .
~it-y Clerk of-the Cify of Gilroy~--