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Home My WebLink AboutOrdinance of Tax Levies for the Fiscal Year Ending December 31, 1965ORDINANCE No. 4687 - -64 Passed by the Common Council of the City of South Bend, _ August 31, iq 64 Presented by me to the Mayor of the City of South Bend, Approved and signed by September 1 I964— Clerk of Common Council Clerk IOEALPRE68 ORD11"CE ;;4687--64 OR An Ordinanee Levying Taxes and fixing the Rate of Taxation for the purpose of raising revenue to meet the necessary expense for the fiscal year ending December 31, 1965. Be it Ordained by the Cor_mon Council of South Bend, St. Joseph County, Indiana, That: (Name of City) There shall be levied upon each One Hundred Dollars of the Assessed Valuation of- Taxable Property of the above named city for the fiscal year 1964, to be collected in the year 1965, the following: For '':r, the sum of cents on each one hundred dollars of Taxable Property and _._ dollars on each Taxable Poll. For BCND AIl')_ MEREST _REDEMPTION FUND, the sun of .365 cents on each one hundred dollars of Taxable Property. For PA—R17, IIAIN'_ENMICE FUND, the sum of :315- cents on each one hundred dollars of Taxable Property. For PARK DISTRICT FUND, the sun of .036 cents on each one hundred dollars of .Taxable Property. For FIREMEN'S PENSION FUND, the sura of .103 cents on each one hundred dollars of Taxable Property. For FOLIC.°. P"_QSION FUND, the sum of _.14 cents on each one hundred dollars of Taxable Property. For I3 SPIT,1 FUND, the sum of .03 cents on each one hundred dollars of Taxable Property. For SiP.!sT AIID TRAFFIC FUND, the sum of •924 cents on each one hundred dollars of Taxable Property. For CITY PLANNING COMMISSION FUND, the suri of $1$= cents on each one hundred dollars of Taxable Property. For ART ASSOCIATION FUND, the sun of .005 cents on each one hundred dollars of Taxable Property. For URBAN RED VELOPI4ENT BOND FUND, the sum of 08 cents on each one hundred dollars of Taxable Property. For URBAN R'sM:ELOPMENT FUND, the sum of .03E cents on each one hundred dollars of Taxable Property. For BUILD KG DridOLITION_, REPAIR AND CONTINGENT FUND, the sum of .002 cents on each one hundred dollars of Taxable Property. For FAIR LOYS7rNT PRACTICES COMMISSION FUND, the sum of .005 cents on each one hundred dollars of Taxable Property. the porraoly Councilnthis 31st FM Members of CoLmion Council Or Members of Common Council / This Ordinance approvedd� and signed by me this �"` day , 19 G . Attest CiW Controller err ensurer or -94- I BOND PRINCIPAL AND INTEREST PAYMENTS IN 1965 CIVIL CITY PRINCIPAL INTEREST BALANCE OF TOTAL PRINCIPAL 12/31/65 Street Improvement Street Improvement - June, 1960 (2 -5/8 %, 2- 1/2%,.2 April, 1959 (1965) 2 -5/8% 250,000.00 4,921.93 254,921.93 .00 Street Tmprovement Street 1963 (1970) 2 -314% 50,000.00 6,875.00 June, 1960 (1966) 3% 350,000.00 24,375.00 374,375.00 550,000.00 Street Improvement BOND PAYMENTS. IN 1965 CIVIL CITY -96- December, 1961 (1968) 2 -5/8% 100,000.00 22,969.00 122,969.00 800,000.00 Street Improvement Street Improvement - June, 1960 175,000.00 175,000.00 November, 1962;(1968) 2 -1/8% 50,000.00 18;859.50 68,859.50 850,000.00 Capital Improvement 25,000.00 25,000.00 Capital Improvement - 1965 ( ?) 1965 (?) .00 24,000.00 24,000.00 800,000.00 TOTAL CIVIL CITY, Park District 1955 (1975) 2 -3/8% Park District 1958 (1970) 2 -7/e% Park District 1960 (1980) 3 -1/27 Park District 1963 (1984) 3% TOTAL PARK DISTRICT 750,000.00 21,000.00 16,000.00 11,000.00 95,125.43 5,236.77 6,209.92 5,720.00 845,125.43 26,236.77 22,209.92 16,720.00 40,000.00 22,800.00 62,800.00 88,000.00 39,966.69 127,966.69 3,000,000.00 210,000.00 208,000.00 176,000.00 760,000.00 1,354,000.00 Redevelopment Bond District April, 1959 3,281.25 1960 (1971) Street Improvement - June, 1960 (2 -5/8 %, 2- 1/2%,.2 -3/47) 110,000.00 17,050.00 127,050.00 660,000.00 Redevelopment Bond District 11;152.00 Street 1963 (1970) 2 -314% 50,000.00 6,875.00 56,875.00 250,000.00 TOTAL REDEVELOPMENT DISTRICT 160,000.00 23,925.00 183,925.00 910,000.00 12,000.00 BOND PAYMENTS. IN 1965 CIVIL CITY -96- June 1, 1965 December 1, 1965 Street Improvement - April, 1959 125,000.00 125,000.00 Street Improvement - June, 1960 175,000.00 175,000.00 Street Improvement - December, 1961 50,000.00 50,000.00 Street Improvement - November, 1962 25,000.00 25,000.00 Capital Improvement - 1965 ( ?) .00 - .00 INTEREST PAYMENTS IN 1965 CIVIL CITY Street Improvement - April, 1959 3,281.25 1,640.68 Street Improvement - June, 1960 13,500.00 10,875.00 Street Improvement - December, 1961 11,817.00 11;152.00 Street Improvement - November, 1962 9,567.00 9,292.50 Capital Improvement - 1965 ( ?) 12,000.00 12,000.00 -96- Net Taxable Property Total Levy on Property Number of Taxable Polls Levy on Polls, PROPOSED LEVIES CIVIL CITY OF SOUTH BEND INDIANA $231,820,380 3,036 rate will raise $7;038,066.73- 20,288 $:50 FUND General Bond Park Maintenance Park District Firemen's Pension Police Pension Hospital Street and Traffic City Plan Commission Art Association Urban Redevelopment Bond Urban Redevelopment Building Denolition,Repair & Contingent Fair Employment Practices Commission TOTALS -98- Rate Poll, Property .50 .1.875 365 x315 .'• ;' ' .036 .103 .14 .03 024.' n ✓ .Olor ' .005 .08 .038 .002 .005 .50 3r(i36 Levy Amount to be Raised 4;-3 i2 846,144.39 730,234.20 83,455.33 238,774.99 324,548.53 69,5.46.11 55,fi3fr:-9B .41,72-7..67. 11,591.02 185,456.30 88,091.74 4,636.41 11,591.02 4 , O9$;96fr 44 0 9 COMPARATTIVE STATEMENT OF TAY. RATES AND VALUATIONS Fund 1961 I 1962 1963 1964 General 1.7871 1.7748 1.7925 1.655 .14 .03 Bond .32 .32 .373 .3045 Park Maintenance .28 .256 .268 .29 Park District .044 .035 .034 .065 Firemen's Pension .11 .109 .082 .115 Police Pension .09 .123 .089 .08 Hospital .03 .03 .03 .03 Street and Traffic .00 .038 .038 .02 City Planning Cormission .022 .02 .0226 .016 Art Association .005 .005 .005 .005 Urban Redevelopment Bond .068' .056 .06 .064 Urban Redevelopment .0166 .03 .00 .005 Building Denolition, Repair . and Contingent .0023 .0012 .0012 .001 Fair Employment Practices°Cocmission .00 .005 .0047 .0047 South Bend - St. Joseph County Building Authority .038 .00 .00 .00 TOTALS 2.813 2.803 2.80 2.6552 ASSFeCFn VALUATIONS 1961 1962 1963 1964 1965 222,454;110 226,517,410 231,633,790 234,590,510 231,820,380 100 - 1965 Proposed .365 .3 .5 < a I; .036 .103 .14 .03 i93$ .005 .08 .038 002 005 .00 3-956 i TOMMUfee arvar# Ma 144 Tanut an Ton"di of * ( H of -*out4 wend: August 31, 1964 Your Committee of the Whole to whom was referred "AN ORDINANCE LEVYING TAXES AND FIXING THE RATE OF TAXATION FOR THE PURPOSE OF RAISING REVENUE TO MEET THE NECESSARY EXPENSE FOR THE FISCAL YEAR ENDING DECEMBER 31, 1965 ". Respectfully report that they have examined the matter and that in their opinion the ordinance of tax levies go to the Council as €avoctable, as amended. is�