HomeMy WebLinkAboutORD NO 3173EMERGENCY ORDINANCE NO. 3173 NEW SERIES
AN EMERGENCY ORDINANCE LEVYING UPON THE FULL
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, 1988 AND
ENDING JUNE 30, 1989.
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 20, 1988, 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 5,
1988, 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, $220,000 Series A and $955,000 Series B are
outstanding at June 30, 1988.
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 .001316 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,
1988, and ending with the thirtieth day of June, 1989. This rate
will raise $69,166.
SECTION 2.
That there is hereby levied a tax of .003297 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,
1988, and ending with the thirtieth day of June, 1989. This rate
will raise $173,282.
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 ..........
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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 regular
meeting thereof held on Auqus% 10, 1988 , by the
following vote:
~ITY CLERK and Ex Officio Clerk of the
Council of the City of Bakersfield
APPROVED Aug~st 1Q, lqRR
MAYOR of the City of Bakersfield
APPROVED as to form:
CIT ersfield
AJS/GR/megTM
00RD 5
EO.TAX.1
8/15/88
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AFFIDAVIT OF POSTING DOCUMENTS
STATE OF CALIFORNIA)
) SSo
County of Kern)
CAROL WILLIAMS,
That she is the
of Bakersfield; and that on
Bulletin Board at City Hall,
Emergency Ordinance No.
The Bakersfield City Council
and entitled:
Being duly sworn, deposes and says:
duly appointed, acting and qualified City Clerk of the City
Auqust 19 , 19 88, she posted on the
a full, true and correct copy of the following:
3173 , No. 3173 , passed by
at a meeting held on August 17, 19~8 ,
Emergency Ordinance No. 3173 levying upon the full 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, 1988 and ending June 30, 1989.
CITY C~ERK of +e City ~f Bakersfield
BY:DEaDlY'City C erk /
AOPNS