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HomeMy WebLinkAbout893ORDINANCE NO. 893 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 1966-1967. 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 1966-1967 ~'or the ordinary purposes of the Municipality and the Department of Debt Service is the sum of $1,424,241.00. SECTION 2. That the millage for the year 1966-1967 to be assessed upon each dollar of the assessed valuation of all the taxable 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 Govertm~ent, 11 mills; Department of Debt Service, 6 mills. SECTION 3. That the millage for the year 1966-1967 to be assessed upon each dollar of the assessed valuation of all 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 5 mills to be allocated as follows: Department of Debt Service, 5 mills. SECTION 4. That there shall be and is hereby levied for the year 1966-1967 upon each dollar of' the assessed valuation of ail taxable property, except homesteads to be assessed to the assessed value of $5,000.00 or less, within the corporate limits of the City of Sanford, Florida, a tax of 11 mills for the purpose of realizing a sum sufficient to meet and defray the necessary and ordinary running and operating expenses ol' the City of Sanford, Florida for the fiscal year beginning October 1, 1966 and ending September 30, 1967. SECTION 5. That there shall be and is hereby levied for the year 1966-1967 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. 82676 mills for the purpose of realizing a sum sufficient to pay interest coupons maturing March 1, 1967 and September 1, 1967 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.17324 mills for the purpose of realizing a sum sufficient to pay interest coupons maturing March 1, 1967 and September I, 1.967, on reEunding bonds Series C, D and E of the City of Sanford, Florida, dated March 1, [941 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, 1966. PASSED AND ADOPTED this 26th day of September, A.D. 1-966. Mayor As the City Commission of the t City of Sanford, Florida. -2- CERTIFICATE I, H. L. Whelchel, City Clerk of the City of Sanford, Florida, do hereby certify that a true and correct copy of the foregoing Ordinance No. 893, PASSED and ADOPTED by the City Commission of the City of Sanford, Florida, on the 26~ day of September, 1966, was POSTED at the front door of the City Hall in the City of Sanford, Florida, on the 27m day of September, 1966.