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HomeMy WebLinkAboutOrdinances 1900 08/03/1992.~,, ~~'~~~ ~~ ~~~~~~ AUG 31992_ ~'` ,ti ORDINANCE NO. 1900 N.C.S. INTRODUCED BY COUNCILPERSON Nancy Read SECONDED BY Vice Mayor Cavanagh AN ORDINANCE LEVYING RATE OF TAXATION UPON THE ASSESSED VALUATION OF THE PROPERTY IN THE CITY OF PETALUIVIA FOR THE FISCAL YEAR JULY 1, 1992 TO JUNE 30, 1993 AND DECLARING ITS URGENCY TO TAKE EFFECT IMMEDIATELY 16 BE IT ORDAINED BY THE COUNCIL OF THE CITY OF PETALUMA AS 17 FOLLOWS: 18 Section 1. The City Council having adopted its annual budget, there is 19 hereby levied upon the assessed valuation of the property in the City, including 20 property as originally incorporated and added thereto upon each One Hundred 21 ($100.00) valuation of said property: 22 FOR DEBT SERVICE ....... $.0118 23 The Council hereby finds and determines that said rate of taxation is sufficient to 24 raise the amounts estimated to be required for annual debt service of outstanding 25 general obligation bonds. 26 Section 2. This ordinance is hereby declared to be necessary for the 27 immediate preservation of the public peace, health and safety and shall take 28 effect and be in force upon its passage by a unanimous vote for the members of the 29 City Council present at the time of its adoption. The reason for the urgency of this 30 ordinance is that said tax levy must be adopted not later than the first Tuesday in 31 September, 1992, in order to comply with the City Charter and provide funds 32 necessary to the preservation of the public peace, health and safety for the City of 33 Petaluma. 34 Section 3. The City Clerk be, and she is hereby directed to post/publish 35 this ordinance for the period and in the manner required by the City Charter. Ord. 1900 NCS N r .y 1 2 3 4 5 6 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 INTRODUCED, ADOPTED AND ORDERED posted/published this 3rd day of August , 1992, by the following vote: AYES: Read, Woolsey, Vice Mayor Cavanagh, Mayor Hilligoss NOES: None ABSENT: Davis, Sobel, Nelson /' • ~ ~ p Attest: M. Patricia Hilligoss, Mayor Approved: Patricia ernard, Ci lerk ~EP~J o Y ~iTY Cl.E~;9C ~-~ , City Attorney Ord. 1900 NCS