HomeMy WebLinkAboutOrdinance 1665 N.C.S. 09/02/1986., -
N
s~P ~ 986 ORDINANCE NO. 1665
Introduced by Councilman
Vice Mayor Tenter
N.C.S.
Seconded by Councilman
Brian Sobel
AN ORDINANCE LEVYING RATE OF TAXATION UPON THE
ASSESSED VALUATION OF THE PROPERTY IN THE CITY OF
PETALUMA FOR. THE FISCAL YEAR JULY 1, 1986 TO JUNE 30, 1987
AND DECLARING ITS URGENCY TO TAKE EFFECT IMMEDIATELY
BE IT ORDAINED BY THE COUNCIL of the City of Petaluma as follows:
Section 1. The City 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 incorporated and added thereto upon
each One Hundred ($100.00) valuation of said property:
FOR DEBT SERVICE $.021
The Council hereby finds and determines that said rate of taxation is
sufficient to raise the amounts estimated to be required for annual debt
service of outstanding general obligation bonds.
Section 2. This ordinance is hereby declared to be necessary for the
immediate preservation of the public peace, health and safety and shall take
effect and be in force upon its passage by a unanimous vote for the
members of the City Council present at the time of its adoption. The
reason for the urgency of this ordinance is that said tax levy must be
adopted not later than the first Tuesday in September., 1986, in order to
comply with the City Charter and provide funds necessary to the
preservation of the public peace, health and safety for the City of
Petaluma.
Section 3. The City Clerk be, and she is hereby directed to publish
this ordinance for the period and in the manner required by the City
Charter.
INTRODUCED AND ORDERED published and ADOPTED this 2 day of
September, 1986 by the following vote:
AYES: DAVTS, SOBEL, WOOLSEY, CANVANAGH, BALSHAW, VICE MAYOR TENCER, MAYOR MATTEI
NOES :~
ABSENT: ~-
!$'TEST
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City Clerk
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CITY OF PETALUMA
ASSESSED VALUATION COMPARISON
1986-87 1985-86 1984-85 1983-84 1982-83
Net A.V.
(Full Cash) $1,286,830,113 $1,151,580,111 X978,055,278 $848,190,480 $787,704,462
Net Change
From Pr. Yr. 11.7% 17.70 15.3% 7.1a 9.8$
Debt Service
Tax Rate .021 .020 .021 .022 .036
Net Change
From Pr. Yr. 5$ (6)0 (4)0 (39)0 (5)%
Debt Service
Requirements $265,529 $239,285 $207,960 $185,100(1) $283,600
Change From
Pr. Yr. 11$ 15$ 120 (53)$ (4) o
(1) 1953 Muni Bonds: Paid in Full 6-30-83
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