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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.