HomeMy WebLinkAbout4262 - Property Tax Levy1
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RESOLUTION NO. •7'26°2
A RESOLUTION Or Till!; CITY COUNCIL OF Tl +% CITY OF NEWPORT SPACH,
FIXING TM RATB P.M. CENTIUM AND W- INIn A TAX MIOA ALI, OF
THE TAXVtLr PROPERTY WITMIN THE CITY OF NKVPORT BF:ACII9
'WHICII 13 a`A.Xi i.',LE 111PFBIN FOR MUNICIPAL PUAN03,7.3
The City Council of'the City of Newport Beach does
.re ylve• gssd i.di Af&Pe as follows$
FIR'S'T$ Resolved, that there be and is hereby levied
upon all of the taxable property within the City of Newport Beach
which is taxable therein for municipal purposes$ a tax for the
purpose of raising the neoes;ary,money with which to carry on the
various departments; of We City of Newport (teach ;or the current
fiscal years 1954-55.
SECONDS Resolved, that the rate per eentum of the tax
hereinafter levied shall be and is hereby fixed as the sum of
eighty cents (800) on each One Hundred Dollars (0100.00) of value,
designated for each fund as followss
For current expense funds
.Seventy -five cents (750)
For the Library Funds
Five cents ( 50)
Total Tax Levy$
Eighty cents (800)
THIRDS Resolved, that in addition to all other taxes
herein above levied there is hereby levied on all the taxable
property within the City of Newport Beach, a tax of four cents
(40) on each One Hundred Dollars (4100.00) for adv®rtising
purposes, pursuant to the provisions of Ordinance Flo. 144 sub-
mitted to and carried by a majority of the votes of all the
voters at an election held for the purpose of voting for or
against said ordinance on the 24th day of September, 1918.
FOURTHS Resolved, that in addition to all other
taxes hereinabove levied, there is hereby levied on all of the
taxable property within the City of Newport teach a tax of
three cents (30) on each One Hundred Dollars (8100.00) of
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assessed valuation, for.;..park purposes, pursuant to the provisions
of Ordinance No. 380 of the City of Newport reach, submitted to
and carried by a majority of the votes of all. voters voting at
an election held for the purpose of voting for or against said
ordinance on May 28, 1938.
FIFTHS Resolved, that in addition to all other taxes
hereinabove levied, there is hereby levied on all of the taxable
property within the City of Newport Reach a tax of twelve cents
(12¢) on each One hundred Dollars (100.00), said amount estimated
by the City Council of the City of Newport Beach to be required
to provide sufficient revenue to meet the obligation of the City
to the Retirement System under Section 58—c of the "State Employees
Retirement Act" Statutes of 1931, page 1442, and amendments there-
to, as well as sufficient under sub - section 5 of Section 38C of
the same Act, and said rate of taxation is in addition to the
annual rate of taxation allowed by law to be levied in the City
of Newport Beach,
SIXTHS Resolved, that in addition to all other taxes
hereinabove levied for municipal purposes, there is hereby levied
on all of the taxable property within the City of Nemprt Beach,
excepting upon property annexed on and after November 1, 1943, a
tax for the purpose of raising the necessary and sufficient money
to pay the annual interest on all issued, outstanding and unpaid
municipal bonds of the City of Newport 8vad), and also such part
of the principal thereof as shall become due before the time for
fixing the next general tax levy in and for said City, the rate
hereby levied for said purposes is fixed at ten cents (100)
on each One Hundred Dollars (6100.00) of value and the same shall
be collected at the some time and in the same manner as all other
municipal taxes are collected.
The above and foregoing Resolution was passed, adopted
and approved by the City Council of the City of Newport Beach at
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a regular vrn-tlz.�, t.��oreof k, �-,I
11 .11 on, '11C Y cr Augusts
by Vie f,oljmA,,nt votot tovltt
I ASII,,�A:
City Clerk
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Yu7cr
ST. TE OF CALIFORNIA )
• COUNTY OF ORANGE ) SS
CITY OF NEV.PORT BEACH )
I, MARGERY SCHROUDER, City Clerk of the City of
Newport Beach, California, do hereby certify that accord-
ing to the records of the City of Newport Beach filed and
maintained in my office; the foregoing Resolution No.
4262 was duly and regularly adopted, passed, and
approved by the City Council of the City of Newport
Beach, California, at a regular meeting of said City
Council held at the regular meeting place thereof, on
the 9th day of August 19 54 by the
following vote, to wit:
AYES, COUFCILI,,EN: Broering, Smith, Miller, Bennett, Hill
NOES, COUNCILMEN: None
ABSENT, COUNCILMEN: None
Dated this 6th day of March
9 �9 57
City Clerk dlpd Ex- Officio Clerk
of the City Council,- City of
Newport Beach, State of California.
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