HomeMy WebLinkAbout690 ORDINANCE NO. 690
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
1959-1960.
BE IT ENACTED BY THE PEOPLE OF THE CITY OF SANFORD, FLORIDA:
SECTION 1: That the amount determined necessary to be raised
by taxation h~ the City of Sanford, Florida fo,' tl~e year t959-1960 for the
ordinary purposes of the Municipality and the Department of Debt Service
is the sum of $955,965.26.
SECTION 2: That tt~e millage for the year 1959-1960 be assessed
upon each dollar of the assessed valuation of all t~e taxable property, ex-
cept homesteads to the assessed value of $$, 000.00 or less, witl~i~a tiae
corporate limits of the City of Sanford, Florida, is hereby fixed at 17
mills, to be allocated as follows: Departmel~t of General Govei-nment,
11 mills; Department of Debt Service, 6 mills.
SECTION 3: That the millage for the year 1959-1960 to be
assessed upon each dollar of t~e 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 6 mills to be allocated
as follows: Department of Debt Service, 6 mills.
SECTION 4: T~at there shall be and is hereby levied for the
year 19~9-1960 upon each dollar of the assessed valuatio~ of all taxable
property, except homesteads to be assessed to the assessed value of
$5,000.00 or less, within the corporate limits of t~e 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 runninb and operating
expenses of the City of Saifford, Florida, for the fiscal year beginning
October 1, 1959 and ending September 30, 1960.
SECTION 5: That there shall be and is hereby levied for the
year 1959-1960 upon each dollar of the assessed valuation of all taxable
property within the corporate limits of the City of Sanford, Florida, a tax
of 5. 5942 mills for the purpose of realizing a sum sufficient to pay interest
coupons maturing March 1, 1960 and September i, 1960 on refundind bonds
Series A, of me City of Sanford, Florida, dated March 1, 1937, and maturing
September 1, 1977, and to create a sinking fund for the purpose of acquirin6
of bonds of said Series A; a tax of . 3777 mills for the purpose of realizing a
sum sufficient to pay interest coupons maturing March 1, 1960 and September
1, 1960 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 sink-
ing fund for the purpose of acquiring of bonds of said Series C, D and E; a
tax of . 0281 mills for tile purpose of realizing a sum sufficient to pay out-
standing notes, contracts and interest thereon maturing during current
fiscal year.
SECTION 6: That this ordinance shall become effective on
October 1, 1959.
PASSED AND ADOPTED this 28th day of September, A.D. 1959.
Attest: .
As ~e C~ty Commission of the
City of Sanford, Flori~
2
CERTIFICAT~
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. 690, PASSED and ADOPTED by the
City Commission of the City of Sanford, Florida, on the 28~
day of September, 1959, was POSTED at the front door of the
City Hall in the City of Sanford, Florida, on the 30~ day of
September, 1959.