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HomeMy WebLinkAboutORD NO 3110EMERGENCY ORDINANCE NO. 03110 NEW SERIES AN EMERGENCY ORDINANCE LEVYING UPON THE FULL TAXABLE VALUE OF THE TAXABLE PROPERTY IN THE CITY OF BAKERS- FIELD, 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, 1987, AND ENDING JUNE 30, 1988. 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 25, 1987, 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 7, 1987, 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 con- struct 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, $290,000 Series A and $1,100,000 Series B are outstanding at June 30, 1987. 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 .001478 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, 1987, and ending with the thirtieth day of June, 1988. SECTION 2. That there is hereby levied a tax of .003492 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 B, Interest and Redemption Fund, during the fiscal year beginning with the first day of July, 1987, and ending with the thirtieth day of June, 1988. SECTION 3. This Emergency Ordinance is necessary for the appropri- ation of funds providing for the operation of municipal departments, and shall become effective immediately upon its passage. .......... o0o .......... - 2 - I HEREBY CERTIFY that the foregoing Ordinance was Passed and adopted by the Council of the City of Bakersfield at a ~egular meeting thereof held on August 12, 1987 by the following vote: -- ' AYES: COUNCI[.MEF,,r'~q~: Ct~!LDS, ¢:HPI,~.'*~'?-~'~ ~31TH. ~IAT'TY, ;~%°*'(~E, DICKERSON, SALVAGGtO ~IOES. COUNC,t.r~ .::: =~ .... , ABSENT. COUNCiL'~..:' ' ~STAINING: C0bhb~{ ME,~I[.~ ',', CITY CLERK and Ex Officio Clerk of the Council of the City of Bakersfield APPROVED August 12, 1987 MAYOR of the City df Bakersfield APPROVED as to form: Y A~ORNEY of/the City of Bakersfield AJS/meg 00RD 5 EO.TAX.1 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 September 24 87 , 19 , 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 August 12 87 , 19 , which ordinance was numbered 03110 New Series, and entitled: AN EMERGENCY ORDINANCE LEVYING UPON THE FULL TAXABLE VALUE OF THE TAXABLE PROPERTY IN THE CITY OF BAKERS- FIELD, 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, 1987, AND ENDING JUNE 30, 1988.