HomeMy WebLinkAbout999ORDINANCE NO. 999
AN ORDINANCE OF THE CITY OF SANFORD,
FLORIDA, DETERMINING THE AMOUNT AND
FIXING THE RATE OF TAXATION AND MAKING
THE ANNUAL TAX LEVY OF THE CITY OF
SANFORD, FLORIDA, FOR THE FISCAL YEAR
1970-1971.
BE IT ENACTED BY THE PEOPLE OF THE CITY OF SANFORD, FLORIDA:
SECTION 1. That the amount determined necessary to be raised
by taxation in the City of Sanford, Florida, for the year 1970-1971
for the ordinanry purposes of the Municipality and the Department
of Debt Service is the sum of $1,953,819.00.
SECTION 2. That the millage for the year 1970-1971 to be
assessed upon each dollar of the assessed valuation of all the tax-
able property, except homesteads to the assessed value of $5,000.00
or less, within the corporate limits of the City of Sanford, Florida,
is hereby fixed at 16 mills, to be allocated as follows: Department
of General Government, 11.5 mills, Department of Debt Service, 4.5
mills.
SECTION 3. That the millage for the year 1970-1971 to be
assessed upon each dollar of the assessed valuation of all home-
steads to assessed value of $5,000.00 or less within the corporate
limits of the City of Sanford, Florida, is hereby fixed at 4.5
mills to be allocated as follows: Department of Debt Service 4.5
mills.
SECTION 4. That there shall be and is hereby levied for the
year 1970-1971 upon each dollar of the assessed valuation of all
taxable property, except homesteads to the assessed value of
$5,000.00 or less, within the corporate limits of the City of Sanford,
Florida, a tax of 11.5 mills for the purpose of realizing a sum suf-
SECTION 5. That there shall be and is hereby levied for the
year 1970-1971 upon each dollar of the assessed valuation of all
taxable property within the corporate limits of the City of Sanford,
Florida, a tax of 4.270 mills for the purpose of realizing a sum
sufficient to pay interest coupons maturing March 1, 1971 and
September 1, 1971 on refunding bonds Series A, of the City of Sanford,
Florida, dated March 1, 1937 and maturing September 1, 1977, and to
create a sinking fund for the purpose of acquiring of bonds of said
Series A; a tax of .230 mills for the purpose of realizing a sum
sufficient to pay interest coupons maturing March 1, 1971 and
September 1, 1971, on refunding bonds Series C, D and E of the City
of Sanford, Florida, dated March 1, 1941 and maturing September 1,
1977, and to create a sinking fund for the purpose of acquiring
of bonds of said Series C, D and E.
SECTION 6. That this ordinance shall become effective on
October 1, 1970.
PASSED AND ADOPTED this
Attest:
C~t~Cle~k
day o~ September, A. D. 1970.
Mayo? 7/,
AS the City Commissio~f the
City of Sanford, Florida.
CERTIFICATE
I, H. N. Tamm, Jr., City Clerk of the City of
Sanford, Florida, do hereby certify that a true and correct
copy of the foregoing Ordinance No. 999, PASSED and ADOPTED
by the City Commission of the City of Sanford~ F~orlda, on
the 14th day of September, 1970, was POSTED at the front
door of the City Hall in the City of Sanford, Florida, on
the 16th day of September, 1970.
~A~t~ C~y Clez~ 9g the
City of Sanford, Florida