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HomeMy WebLinkAbout735 ORDINANCE NO. 735 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 TIlE FISCAL YEAR 1960-1961. BE IT ENACTED BY THE PEOPLE OF THE CITY OF SANFORD, FLORIDA: SECTION 1. That the amount c~etermined necessary to be raised by taxation in the City of Sanford, Floriaa for the year 1960-1961 for the ocdinary purposes of the Municipality and the Department of Debt Service is the sum of $1,012, 062.10. SECTION 2. That the millage for the year 1960-1961 be assessed upon each dollar of the assessed valuation of all the taxable property, except homesteads to the assesse~5 value of $5,000.00 or less, within ~he corporate limits of the City of Sanford, Florida, is hereby fixed at 18 mills, to be allocated as follows: Department of General Government, 12 mills; Department of Debt Service, 6 mills. SECTION 3. That the millage for the year 1960-1961 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 6 mills to be allocated as follows: Department of Debt Service, 6 mills. SECTION 4. That there shall be and is hereby levied for the year 1960-1961 upon each dollar of the assessed valuation of all 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 Sauford, Florida, a tax of 12 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, Florida for the fiscal year beginning October 1, 1960 and ending September 30, 1961. SECTION 5. That there shall be and is hereby levied for the year 1960-1961 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. 6897 mills for the purpose of realizing a sum sufficient to pay interest coupons maturing March l, 1961 and September 1, 1961 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. 3103 mills for the purpose of realizing a sum sufficient to pay interest coupons maturing March 1, 1961 and September 1, 1961 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- lng 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, 1960. PASSED AND ADOPTED this 29' _day of September, A.D. 1960. Attest: City As the ~i~y Commission of the City ~Sanford, Flo:ida C-E-R-T-I-F~I-C_A_T_E I, H. N. Tamm, Jr., City Clerk of the City of Sanford, Florida do ?~ereby certify that a true and correct copy of the foregoing Ordinance No. 735, PASSED and ADOPTED by the City Commission of the City of Sanford, Florida, on 29th day of September 1960 was POSTED at the front door of the City Hall in the City of Sanford, Florida, on the 3rd day of October 1960.