1249 ORDINANCE NO. 1249
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 1974-1975.
BE IT ENACTED BY THE PEOPLE OF THE CITY OF SANFORD, FLORIDA:
SECTION 1. That the amount determined necessary to 'be raised by
taxat[on in the City of Sanford, Florida, for the year 1974-1975 for fi~e
ordinary purposes of the Municipality and the Department of Debt Service is
the sum of $755, 000.00.
SECTION 2. That the millage for the year 1974-1975 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 tess, and $10, 000.00 or
tess in the event the provisions of Chapter 74-11, Laws of Florida, 1974,
apply to homesteads within the corporate limits of the City of Sanford,
Florida, is hereby fixed at 8.47 mills, to be allocated as follows: Department
of General Government, 6.97 mills; Departrnent of Debt Service, 1.5 mills.
SECTION 3. That the millage for the year 1974-1975 to be assessed
upon each dollar of the assessed valuation of all homesteads to the assessed
value of $5, 000.00 or less, and $10, 000.00 or less [n the event the provisions
of Chapter 74-11, Laws of Florida, 1974, apply to homesteads within the cor-
porate limits of the City of Sanford, Florida, [s hereby fixed at 1.5 mills to
be allocated as follows: Department of Debt Service, 1.5 mills.
SECTION 4. That there shall be and is hereby levied for the year
1974-1975 upon each dollar of the assessed valuation of all taxable property,
except homesteads to the assessed ~alue of $5° 000.00 or less, and $10, 000.00
or less in the event the provisions of Chapter 74-11, Laws of Florida, 1974,
apply to homesteads within the corporate ltmfts of the City of Sanford, Florida,
a tax of 6.97 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, 1974 and
ending September 30, 1975.
SECTION 5. That there shall be and is hereby levied for the year
1974-1975 upon each dollar of the assessed valuation of all taxable property
wRhin the corporate l[rnlts of the City of Sanford, Florida, a tax of 1.4991
mills for the purpose of realizing a sum sufficient to pay interest coupons
maturing March 1, 1975 and September 1, 1975 on refunding bonds Series
A of the City of Sanford, Florida, dated March 10 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 . 0009 mills for the purpose of realizing a sum sufficient
to pay interest coupons maturing March 1, 1975 ~d September 1, 1975, on re-
funding 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 pur-
pose of acquit[fig of bonds of said Series C, D and E.
SECTION 6. Tha% ~his ordinance shall bec~e effective on: October 1,
1974.
PASSED AND ADOPTED th~s 9~h day of September , A.D.
1974.
ayor
C~
-- ~ ' ' omm [s s ton the~
of Sanford, Florida
CERTIFICATE
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 Ordi-
nance No. 1249, PASSED and ADOPTED by the City Commission of the City
of Sanford, Florida, on the 9th day of September, 1974, was POSTED at the
front door of the City Hall in the City of Sanford, Florida, on the
10th day of September, 1974.
_7 ,~ C~~an~ord, Flo~r~a