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ORDINANCE NO.. ~ ~~~ ~-"~~ <br />AN ORDINANCE LEVYING TAXES AND FIXING THE RATE <br />OF TAXATION FOR THE PURPOSE OF RAISING REVENUE <br />TO MEET THE NECESSARY EXPENSES OF THE CIVIL CITY <br />OF SOUTH BEND FOR THE FISCAL YEAR ENDING <br />DECEMBER 31, 2011 <br />STATEMENT OF PURPOSE AND INTENT: <br />It is necessary to pass this Ordinance in order to levy taxes and fix the rate of taxation forthe purpose <br />of raising revenue to meet the necessary expenses for 2011. <br />NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH <br />SEND, {NDIANA as follows: <br />Section I. There shall be levied upon each One Hundred Dollars of Assessed Valuation of Taxable <br />Property of the City of South Bend, Indiana, for the fiscal year 2010 to be collected in the year 2011 the <br />following: <br />For CORPORATION GENERAL FUND, the sum of $3.10530 on each one hundred dollars of Taxable <br />Property. <br />For PARK AND RECREATION FUND, the sum of $0.63160 on each one hundred dollars of Taxable <br />Property. <br />For CUMULATIVE CAPITAL DEVELOPMENT FUND, the sum of $0.04550 on each one hundred <br />dollars of Taxable Property. <br />Total Civil City Rate $3.78240 <br />For REDEVELOPMENT BOND (COLLEGE FOOTBALL HALL OF FAME), the sum of $0.09470 on <br />each one hundred dollars of Taxable Property. <br />Total Redevelopment Rate $0.09470 <br />Section II. This Ordinance shall be in full force and effect from and after its passage by the Common <br />Council and approval by the Mayor. <br />Member of the man Council <br />Attest: <br />.G /u.eu S/,~.. <br />ity erk <br />