HomeMy WebLinkAbout953 ORDINANCE NO. 953
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
1968-1969.
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 1968-1969 for the
ordinary purposes of the Municipality and the Department of Debt Service
is the sum of $1,684, 016.00.
SECTION 2. That the millage for the year 1968-1969 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 Government,
11.5 mills, Department of Debt Service, 4.5 mills.
SECTION 3. That the millage for the year 1968-1969 to be
assessed upon each dollar of the assessed valuation of all homesteads 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 1968-1969 upon each dollar of the assessed valuation of ali 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 sufficient to meet and defray
the necessary and ordinary running and operating expenses of the City
of Sanford, F.lorida for the fiscal year beginning October 1, 1968 and
ending September 30, 1969.
SECTION 5. That there shall be and ishereby levied for the
year 1968-1969 upon each dollar of the assessed valuation of al/taxable
property within the corporate limits of the City of Sanford, Florida, a tax
of 4.395 mills for the purpose of realizing a sum sufficient to pay interest
coupons maturing March 1, 1969 and September 1, 1969 on refunding bonds
Series A, of the City of Sanford, Florida, dated March 1, 1937 and maturing
September i, 1977, and to create a sinking fund for the purpose of acquiring
of bonds of said Series A; a tax of. 105 mills for the purpose of realizing
a sum sufficient to pay interest coupons maturing March 1, 1969 and
September 1, 1969, 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, 1968.
Mayor
-2-
~RT IF IGAT E
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. 955, PASSED and ADOPTED
by the City Commission of the City of Sanford, Florida, on
the 23rd day of September, 1968, was POSTED at the front
door of the City Hall in the City of Sanford, Florida on
the 2~th day of September, 1968.
City Clerk