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HomeMy WebLinkAbout784ORDINANCE NO. 7~3zv 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 1962-1963. 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 1962-1963 for the ordinary purposes of the Municipality and the Department of Debt Service, is the sum of $i, 118,364.00. SECTION 2. That the millage for the year 1962-1963 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 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 1962-1963 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 1962-1963 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 Sanford, 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, 1962 and ending September 30, 1963. SECTION 5. That there shall be and is hereby levied for the year 1962-1963 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. 7301 mills for the purpose of realizing a sum sufficient to pay interest coupons maturing March 1, 1963 and September 1, 1963 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. 2699 mills for the purpose of realizing a sum sufficient to pay interest coupons maturing March 1, 1963 and September 1, 1963 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- ingfundfor the purpose of acquiring ofbonds of said Series C, D and E. SECTION 6. That this ordinance shall become effective on October 1, 1962. PASSED AND ADOPTED this 10 day of Sepmmber, A.D. 1962. Attest: City A-s th-e remission of the City of Sanford, Florida 2