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HomeMy WebLinkAbout1542 ORDINANCE NO. 1542 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ARCADIA FIXING THE RATES OF TAXES AND LEVYING TAXES FOR THE FISCAL YEAR 1975-1976. THE CITY COUNCIL OF THE CITY OF ARCADIA DOES ORDAIN AS FOLLOWS: SECTION 1. General Tax Levy. For general municipal purposes, in addition to the taxes levied pursuant to Sections 2 and 3 of this ordinance, the rates of taxation of the City of Arcadia for the fiscal year beginning July 1, 1975, upon all taxable property in each of the general taxation districts are fixed and levied at the number of cents for each $100 assessed valuation as set forth in Schedule 1, below; provided that the rates of such taxation upon unsecured taxable property are those required by operation of law and the rates levied are the rates fixed for the preceding year applicable to secured taxable property. SCHEDULE 1 Taxation Districts No. 1 and No. 2 Taxation District No. 3 For the General Fund .5847 .5847 For the Retirement Fund .3485 .3485 For the 1946 Selqer Bond Fund .0068 Total tax rate per each $100 assessed value .9400 .9332 -1- 1542 SECTION 2. Special Assessment for Lighting. For the maintenance and operation of street lighting within the five zones of the Arcadia Consolidated Lighting District, the rates of taxation of the City of Arcadia for the fiscal year beginning July 1, 1975, upon all lands, exclusive of improvements, in each of the five zones, are fixed and levied at the number of cents for each $100 assessed valuation as set forth in Schedule 2, below. SCHEDULE 2 Arcadia Consolidated Tax Rate per each $100 Lighting District Assessed Value Zone A $.383 Zone B $.286 Zone C $.402 Zone D $.203 Zone E $.431 SECTION 3. Special Parking District Tax. For the pur- pose shown in Schedule 3, below, the rates of taxation of the City of Arcadia for the fiscal year beginning July 1, 1975, upon all lands and improvements in each of the parking districts are fixed and levied at the number of cents for each $lOO ,assessed valuation as set forth in Schedule 3, below. , SCHEDULE 3 Arcadia Vehicle Parking Districts No. 1 and No. 2 Tax Rate per each $100 Assessed Value Tax for maintenance, operation, repair and improvement $.15 Tax for acquisition of additional parking places $.25 -2- 1542 SECTION 4. This ordinance shall be effective upon its adoption. SECTION 5. The City Clerk shall certify to the adoption of this ordinance. I HEREBY CERTIFY that the foregoing ordinance was adopted at a regular meeting of the City Council of the City of Arcadia held on the 19th day of August , 1975, by the affirmative vote of at least three Councilmen, to wit: AYES: Councilmen Lauber, Saelid, Scott and Gilb NOES: None ABSENT: Councilman Helms, SIGNED AND APPROVED this ~~A~&. Mayor of the City of Arcad~a D ~~~ui C~ty Clerk a~ (SEAL) -3- ,1542