1178 ORDINANCE NO. 1178
AN ORDINANCE OF THE CITY OF SANFORD, FLORIDA,
DETERMINING THE AMOUNT AND FIXING THE RATE
OF TAXATIONAND MAKING TI-IE ANNUAL TAX LEVY OF
THE CITY OF SANFORD, FLORIDA, FOR THE FISCAL
YEAR 1973-1974.
BE IT ENACTED BY THE PEOPLE OF THE CITY OF SANFORDs FLORIDA:
SECTION 1. That the amount determined necessary to be raised
by taxation Ln the City of Sanford, Florida, for the year 1973-1974 for the
ordinary purposes of the Municipality and the Department of Debt Service
is the sum of $652, 900; 00.
SECTION 2. That the millage for the year 1973-1974 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 less,
within the corporate li.mits of the City of Sanford, Florida, is hereby
fixed at 8.5 mills~ to be allocated as follows: Department of General
Government, 7 mills; Deparf/nent of Debt Service, 1. 5 mills.
SECTION 3. That the millage for the ye~ 1973-1974 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 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 1973-1974 upon each dollar of the assessed valuation of all taxable
property, except homesteads to the assessed value of $5, 000.00 or less,
within the corporate limits of the City of Sanford, Florida, a tax of 7 mills
for the purpose of realizing a sum sufficient to meet and defray the neces-
sary and ordinary running and operating' expenses of the City of Sanford,
Florida, for the fiscal year beginning October 1, 1973 and ending September
30, 1974.
SECTION 5. That there shall be and is hereby levied for the year
1973-1974 upon each dollar of the assessed valuation of all taxable property
within the corporate limits of the City of Sanford, Florida, a tax of 1. 4989
mills for the purpose of realizing a su.m sufficient to pay interest coupons
maturing March 1~ 1974 and September 1, 1974 on refunding bonds Series
A of the City or Sanford, Florida, dated March 1, 1937 and maturing
September 1o 1977, and to create a sinking fund for the purpose of acquiring
of bonds of said Series A; a tax of . 0011 mills for the purpose of realizing
a sum sufficient to pay interest coupons maturing March 1, 1974 and
September I, 1974, on refunding bonds S~ries 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 purpose of acquiring of bonds or said
Series Co D and
SECTION 6. That this ordinance shall become effective on
October 1, 1973.
PASSED AND ADOPTED this 10th day , . . 1973.
1V ay
Attest:
City
s t e C~mmissio o t e
City or 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 Ordinance
No. 1178, PASSED and ADOPTED by the City Commission of the City of San-
ford, Florida, on the 10th day of September, 1973, was POSTED at the
front door of the City Hallin the City Of Sanford, Florida, on the llth
day of September, 1973.
City of Sanford,~'~