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Substitute Bi1153-11 <br /> 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, 2012 <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 for the purpose <br /> of raising revenue to meet the necessary expenses for 2012. � <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH <br /> BEND, INDIANA as follows: <br /> Section I. There shall be levied upon each One Hundred Doilars of Assessed Valuation of Taxable <br /> Property of the City of South Bend, Indiana, for the fiscal year 2011 to be collected in the year 2012,the <br /> following: <br /> For CORPORATION GENERAL FUND,the sum of$3.17200 on each one hundred doilars of Taxable <br /> Property. <br /> For PARK AND RECREATION FUND,the sum of$0.62370 on each one hundred dollars of Taxable <br /> Property. <br /> For CUMULATIVE CAPITAL DEVELOPMENT FUND, the sum of$0.03420 on each one hundred <br /> dollars of Taxable Property. <br /> Total Civil City Rate$3.82990 <br /> For REDEVELOPMENT BOND(COLLEGE FOOTBALL HALL OF FAME),the sum of$0.08570 on <br /> each one hundred dollars of Taxable Property. <br /> Total Redevelopment Rate$0.08570 <br /> Section II. This Ordinance shall be in full force and effect rom and er its passage by the Common <br /> Council and approval by the Mayor. <br /> I <br /> Me er of the Common Council <br /> Attest: <br /> _ �� <br /> ty CI_ erk , <br /> �� <br />