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HomeMy WebLinkAboutOrdinance 1588 N.C.S. 08/20/1984ORDINANCE NO. 1588 N.C.S, Introduced by Councilman . ° Seconded by ~lyt~~}'1~~'i Jack Cavanagh Vice Mayor Roland Bond AN ORDINANCE LEVYING RATE OF TAXATION UPON THE ASSESSED VALUATION OF THE PROPERTY IN THE CITY OF PETALUMA FOR THE .FI.SCAL YEAR JULY 1, 19.8.4 TO JUNE 5, 1985 AND DECLARING IT'5 URGENCY TO TAKE EFFECT IMMEDIATELY BE IT ORDAINED BY THE COUNCIL of the City of Petaluma as follows: Section 1. The Gity Council having adopted its annual budget, there is hereby levied upon the assessed valuation of the property in the City, including the property as originally incorpor.ateel and added thereto upon each One Hundred ($100.00) valuation of said property: FOR DEBT SERVICE . . . . . . . . . . $.021 The C~ouncil hereby finds and determines that said rate of taxation is sufficient to raise the amounts estimated to be required for annual debt service of outstanding_ general obligation bonds. Section 2. This ordinance is hereby declared to be necessary for the immediate preservation of the public peace, health and safety and shall take effect and be in force upon its passage by a unanimous vote for the rnembers of the City Council present at the time of its adoption. The reason for the urgency of this ordinance is that said tax levy must be adopted not later than, the first Tuesday in September, 1984, in order to comply with the City Charter and provide funds necessary to the preservation of the public peace, health and safety for the City of Petaluma. Section 3. The City Clerk be, and she is hereby directed to publish this ordinance for the period and in the manner required by the City Charter. INTRODU.CED AND ORDERED published this 4th day of September, 1984. ADOPTED this 4th day of September, 1984 by the following vote: AYES: Battaglia/Cavanagh/Balshaw/V.r4. Bond/Mayor Mattei NOES: None ABSENT: ry ~!!i'G Fred V . Mattei, Mayor ~TE . , ~ pproved: ~ C"ity JAB +~'~i~i~~~ Ord. No. 1588 N.C.S.