HomeMy WebLinkAboutORD NO 3068EMERGENCY ORDINANCE NO. 3068
NEW SERIES
AN EMERGENCY ORDINANCE LEVYING UPON THE FULL
TAXABLE VALUE OF THE TAXABLE PROPERTY IN THE
CITY OF BAKERSFIELD, EXCEPT THAT AREA KNOWN AS
THE RIO BRAVO ANNEXATION, A PERCENTAGE RATE OF
TAXATION UPON EACH DOLLAR OF VALUATION FOR THE
FISCAL YEAR BEGINNING JULY 1, 1986, AND ENDING
JUNE 30, 1987.
WHEREAS, this Emergency Ordinance is necessary for the
appropriation of funds providing for the operation of municipal
departments and for the immediate preservation of public property
for the reason that this ordinance must be received by the Kern
County Assessor not later than August 26, 1986, in order that the
tax levy be effective this fiscal year, the amount of such levy
could not be determined until after the City received the City's
total assessed value from the Kern County Assessor on August 15,
1986, and the levy is necessary to satisfy the City's obligations
concerning its bonded indebtedness; and
WHEREAS, general obligation bonds were approved by the
voters at a special City bond election conducted September 28,
1965. Two separate bond propositions were submitted to electors
at that time. Approval of Proposition A authorized the
incurrence of a bonded debt of $3,525,000 for additions and
improvements to sewer and sewer treatment facilities and such
acquisitions as might be necessary thereto; Proposition B, as
approved, authorized the incurrence of a bonded debt of $125,000
to acquire and construct a fire station, including appurtenant
properties; and
WHEREAS, $1,125,000 General Obligation Municipal
Improvement Bonds, 1966 Series A, dated January 1, 1966, and
$2,525,000 General Obligation Municipal Improvement Bonds, 1966
Series B, dated October 1, 1968, have been issued; and
WHEREAS, $355,000 Series A and $1,245,000 Series B are
outstanding at June 30, 1986.
NOW, THEREFORE, BE IT ORDAINED by the Council of the
City of Bakersfield as follows:
SECTION 1.
That there is hereby levied a tax of .001557 percent on
each dollar ($1.00) of the full taxable value of all taxable
property within the City of Bakersfield, except that area known
as the Rio Bravo Annexation, County of Kern, State of California,
for Municipal Improvement Bonds, Series A, Interest and
Redemption Fund, during the fiscal year beginning with the first
day of July, 1986, and ending with the thirtieth day of June,
1987.
SECTION 2.
That there is hereby levied a tax of .003948 percent on
each dollar ($1.00) of the full taxable value of all taxable pro-
perty within the City of Bakersfield, except that area known as
the Rio Bravo Annexation, County of Kern, State of California,
for Municipal Improvement Bonds, Series B, Interest and Redemption
fund, during the fiscal year beginning with the first day of
July, 1986, and ending with the thirtieth day of June, 1987.
SECTION 3.
This Emergency Ordinance is necessary for the
appropriation of funds providing for the operation of municipal
departments, for the immediate preservation of public property,
and shall become effective immediately upon its passage.
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I HEREBY CERTIFY that the foregoing Emergency Ordinance
was passed and adopted by the Council of the City of Bakersfield
at a regular meeting thereof held on the 20th day of __August ,
198~6, by the following vote:
CITY CLERK and Ex
Council of the City of Bakersfield
APPROVED this 20th day of August , 19~
MAYOR of the City of Brakersfield
APPROVED as to form:
'CITY~/~TTORNEY of the City of Bakersfield
GK/bl
40.TAX-1 3
Afft avt! of os ing ( r tnaa es
STATE OF CALIFORNIA t ss.
County of Kern
CAROL WILLIAMS, Being duly sworn, deposes and says:
That she is the duly appointed, acting and qualified City Clerk of the City of Bakersfield; and
that on August 21 , 19 86 , she posted on the Bulletin Board
at the City Hall, a full, true and correct copy of an ordinance passed by the Council of said City
at a meeting thereof duly held on Aucrast 20 , 1986 , which ordinance
was numbered 3068 New Series, and entitled:
An ~lergency Ordinance levying upon the full taxable value
of the taxable property in the City of Bakersfield, except
that area known as the Rio Bravo Annexation, a percentage
rate of taxation upon each dollar of valuation for the
fiscal year beginning July 1, 1986, and ending June 30, 1987.
City Clerk
Subscribed and sworn to before me this
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