Ordinance 1978-29ORDINANCE NO. 78 - 29
ORDINANCE OF THE CITY OF GILROY FIXING THE AD VALORMM ASSESS~.~NT
FOR THE CURRENT FISCAL YEAR 1978-1979 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. 78 -
28 fixing the amount of revenue from property taxes necessary in
the current year 1978-1979, to pay the bonded and other indebted-
ness 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 dis-
tricts 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. 78-
28, fixing the amount of revenue to pay for its Bonded Indebted-
ness for the current year at the sum of $103,339.00 and to raise
the said sum will require a tax rate for the current fiscal year
of $.131 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 Council has also adopted in said
Ordinance No. 78 - 28 the fixed amount of revenue, in the amount
of $11,840.00, 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 $3.05 on land only within said district which is
ORDINANCE NO. 78 - 29 -1-
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 1978-1979 for the City of Gilroy shall be as fol-
lows:
Section 1. That the tax rate shall be $.131 for each
$100.00 value of property as assessed and equalized.
Section 2. Assessment LeVy. An ad valorem assessment
in the amount of $3.05 on each $100.00 of assessed valuation upon
all 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 - First
Division and Resolution No. 1806 of Preliminary Determination and
of Intention for the proposed acquisition and construction of park-
ing 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 pro-
ceedings 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 Auditor or County official performing the duties of
ORDINANCE NO. 78 - 29 -2-
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 taxa-
tion 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 ordi-
nance 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 5th day of
September, 1978, by the following vote:
AYES:
NOES:
ABSENT:
COUNCIL ~MBERS:
COUNCIL MEMBERS:
CUNNINGHAM, HUGHAN, LINK, PATE,
STOUT and GOODRICH.
None
COUNCIL b~MBERS: CHILDERS
APPROVED:
Mayor
ATTEST:
City
ORDINANCE NO. 78 - 29 -3-
I, SUSANNE E. STE~,~METZ, City Clerk of the City of Gilroy, do hereby
certify that the attached Ordinance No. 78-29is an original ordinance,
duly adopted by the Council of the City of Gilroy at a regular meeting of
said Council held on the 5th day of September, 19 78.., at which
meeting a quorum was present.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
o~~seal of the City of Gilroy, this .6t_h
ty Clerk of the City of Gilroy
(Seal)
day of September _, 19 78