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Substitute t� f <br /> ORDINANCE NO. l;D 3 ??-LU <br /> AN ORDINANCE OF THE CITY OF SOUTH BEND, INDIANA, LEVYING TAXES <br /> AND FIXING THE RATE OF TAXATION FOR THE PURPOSE OF RAISING <br /> REVENUE TO MEET THE NECESSARY EXPENSES OF THE CIVIL CITY <br /> OF SOUTH BEND FOR THE FISCAL YEAR ENDING <br /> DECEMBER 31, 2016 <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 2016. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF <br /> 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 2015 to be collected in the year 2016 <br /> the following: <br /> For CORPORATION GENERAL FUND,the sum of$3.6989 on each one hundred dollars of <br /> Taxable Property. <br /> For PARK AND RECREATION FUND,the sum of$0.7846 on each one hundred dollars of Taxable <br /> Property. <br /> For CUMULATIVE CAPITAL DEVELOPMENT FUND,the sum of$0.0560 on each one hundred <br /> dollars of Taxable Property. <br /> Total Civil City Rate$4.5395 <br /> For REDEVELOPMENT BOND(COLLEGE FOOTBALL HALL OF FAME),the sum of$0.0953 on <br /> each one hundred dollars of Taxable Property. <br /> Total Redevelopment Rate$0.0953 <br /> SECTION II.This Ordinance shall be in full force and effect from and after its passage by the <br /> Common Council and approval by the Mayor. <br /> Member of-!!}.° mon Council <br /> Attest: <br /> zarssidita <br /> City Clerk <br />