Levying Taxes and Fixing the rate of taxation for the purpose of raising revenue to meet the necessary expenses for 2002

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ORDINANCE NO. ~ 2 S ~ r ~ AN ORDINANCE LEVYING TAXES AND FIXING THE RATE OF TAXATION FOR THE PURPOSE OF RAISING REVENUE TO MEET THE NECESSARY EXPENSES OF THE CIVIL CITY OF SOUTH BEND FOR THE FISCAL YEAR ENDING DECEMBER 31, 2002 STATEMENT OF PURPOSE AND INTENT: It is necessary to pass this Ordinance in order to levy taxes and fix the rate of taxation for the purpose of raising revenue to meet the necessary expenses for 2002. NOW, THEREFORE, BE TT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA as follows: Section I. There shall be levied upon each One Hundred Dollars of Assessed Valuation of Taxable Property of the City of South Bend, Indiana, for the fiscal year 2001 to be collected in the yeaz 2002 the following: For CORPORATION GENERAL FUND, the sum of $2.6937 on each one hundred dollars of Taxable Property. For PARK AND RECREATION FUND, the sum of $0.4492 on each one hundred dollars of Taxable Property. For FIREFIGHTERS' PENSION FUND, the sum of $0.0838 on each one hundred dollars of Taxable Property. For POLICEMEN'S PENSION F[JND, the sum of $0.0751 on each one hundred dollars of Taxable Property. For CUMULATIVE CAPITAL DEVELOPMENT FUND, the sum of $0.15 on each one hundred dollars of Taxable Property. For REDEVELOPMENT BOND (STUDEBAKER), the sum of $0.0432 on each one hundred dollars of Taxable Property. For REDEVELOPMENT BOND (COLLEGE FOOTBALL HALL OF FAME), the sum of $0.0884 on each one hundred dollars of Taxable Property. Section II. This Ordinance shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. 1 st READING ~-Z1-01 PUBLIC HEARINGG'~-~~-6\ 3rd READING Ct.2~{-0~ NOT APPROVED REFERRED Member of the Common fed in Clerk's Cffic~ ~la~ 2 ~ 2Q01 LORIITiAJ. WDl1 CITY CL&RK, 80. B!`ND, Ifd. PASSE,u q~zy~o~