HomeMy WebLinkAbout976ORDINANCE NO. 996
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
1969-1970.
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 1969-1970
for the ordinary purposes of the Municipality and the Department of
Debt Service is the sum of ~ 744,899.00.
SECTION 2. That the millage for the year 1969-1970 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, Depart-
ment of Debt Service, 4.5 mills.
SECTION 3. That the millage for the year 1969-1970 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 1969-1970 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 realiz-
ing a sum sufficient to meet and defray the necessary and ordinary
running and Operating expenses of the City of Sanford, Florida,
for the fiscal year beginning October 1, 1969, and ending September
30, 1970.
SECTION 5. That there shall be and is hereby levied for
the year 1969-1970 upon each dollar of the assessed valuation of
all taxable property within the corporate limits of the City of
Sanford, Florida, a tax of 4.290 mills for the purpose of realiz-
ing a sum sufficient to pay interest coupons maturing March 1,
1970, and September 1, 1970, on refunding bonds Series A, of the
City of Sanford, Florida, dated March 1, 1937 and maturing Sep-
tember 1, 1977, and to create a sinking fund for the purpose of
acquiring of bonds of said Series A; a tax of .210 mills for the
purpose of realizing a sum sufficient to pay interest COUpons
maturing March 1, 1970, and September 1, 1970, 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, 1969.
Attest:
~y C1 e~r~
PASSED AND ADOPTED this ~_~ f>¥.-~f September, A.D.
Mayo r '
Florida,
foregoing Ordinance No. 976, PASSED and ADOPTED by the City
Commission of the City of Sanfo~d, Florida, on the 8th day of
September, 1969, was posted at the front door of the City Hall
in the City of Sanford~ Florida, on the 10th day of September,
1969.
1969.
City of Sanford, Florida.
I, H. N. Tamm, Jr., Citry Olerk of the City of Sanford,
do hereby certify that a true and correct copy of the