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.
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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.