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HomeMy WebLinkAbout1463 ORDINANCE .NO. 1463 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ARCADIA FIXING THE RATES OF TAXES AND LEVYING TAXES FOR THE FISCAL YEAR 1972-1973. 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, 1972, 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 Di~tricts No.1 and No.2 For the General Fund .6766 For the Retirement Fund .2548 For the 1946 Sewer Bond Fund .0086 Taxation District No.3 .6766 .2548 Total tax rate per each $100 assessed value .9400 .9314 SECTION 2. Special Assessment for Lighting. For the maintenance and operation of street lighting within the four zones of the Arcadia Consolidated Lighting District, the rates of -1- 1~3 taxation of the City of Arcadia for the fiscal year beginning July 1, 1972, upon all lands, exclusive of improvements, in each of the four 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 Lighting District Zone A Tax Rate per each $100 assessed -value Zone C $.255 $.202 $.280 $.077 , Zone B Zone D SECTION 3. Special Parking District Tax. For the pur- poses shown in Schedule 3, below, the rates of taxation of the City of Arcadia for the fiscal year beginning July 1, 1972, upon all lands and improvements in each of the parking districts are fixed and levied at the number of cents for each $100 assessed valuation as set forth in Schedule 3, below. SCHEDULE 3 Arcadia Vehicle Parkirig 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 SECTION 4. This ordinance shall be effective upon its adoption. SECTION 5. The City Clerk shall certify to the adoption of this ordinance. -2- 1463 I HEREBY CERTIFY that the foregoing ordinance was adopted at' an adjourned regular meeting of the City Council of the City of Arcadia held on the 24th day of August, 1972, by the affirmative vote of at least three Councilmen, to wit: AYES: Councilmen Arth, Butterworth and Scott NOES: Councilmen Helms and Hage ABSENT: None ATTEST: tl~~J'~~~v City Clerk (SEAL) , ~~AM~ of the ~ity of Arcadia SIGNED AND APPROVED this 24th day of August, 1972. ~~~ . ayor of the City of rcadia o - :.:. .;.--:.::': -- ~ -. ---:." ........ -- '........ -- , ~:---:'- "\- -3- 1463