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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, 2003 <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 <br />purpose of raising revenue to meet the necessary expenses for 2003. <br />NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY <br />OF SOUTH BEND, INDIANA as follows: <br />Section I. There shall be levied upon each One Hundred Dollars of Assessed Valuation of <br />Taxable Property of the City of South Bend, Indiana, for the fiscal year 2002 to be collected in the <br />yeaz 2003 the following: <br />For CORPORATION GENERAL FUND, the sum of $2.8138 on each one hundred dollazs of <br />Taxable Property. <br />For PARK AND RECREATION FUND, the sum of $0.4690 on each one hundred dollars of <br />Taxable Property. <br />For FIIZEFIGHTERS' PENSION FUND, the sum of $0.0874 on each one hundred dollazs of <br />Taxable Properly. <br />For POLICEMEN'S PENSION FUND, the sum of $0.0783 on each one hundred dollazs of <br />Taxable Properly. <br />For CUMULATIVE CAPITAL DEVELOPMENT FUND, the sum of $0.0640 on each one <br />hundred dollazs of Taxable Property. <br />Total Civil City Rate $3.5125 <br />