HomeMy WebLinkAboutLevying Taxes and fixing the rate of taxation for the purpose of raising revenue to meet the necessary expenses for fiscal year ending December 31, 1999ORDINANCE No. asp sa
Passed by the Common Council of the City of South Bend, Indiana.
September 28, 19 98
Attest:
Attest:
City Clerk
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
September 29, 19 98
City Clerk
Approved and signed by me September 30, 19 98
Mayor
ORDINANCE NO. U ! '~ ~ ~ /
AN ORDINANCE LEVYING TAXES AND FIIGIVG THE RATE
OF TAXATION FOR THE PURPOSE OF RAISING REVENUE
TO MEET THE NECESSARY EXPENSES OF THE CTVII. CITY
OF SOUTH BEND FOR THE FISCAL YEAR ENDING
DECEMBER 31, 1999
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 1999.
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND, INDIANA as follows:
Secrion 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 yeaz 1998 to be collected in
the yeaz 1999 the following:
For CORPORATION GENERAL FUND, the sum of 7.2158 dollars on each one hundred
dollars of Taxable Property.
For PARK AND RECREATION FUND, the sum of 1.2361 dollars on each one hundred
dollars of Taxable Property.
For FIREFIGHTERS' PENSION FUND, the sum of .2277 dollazs on each one hundred
dollazs of Taxable Property.
For POLICEMEN'S PENSION FUND, the sum of .2042 dollars on each one hundred
dollars of Taxable Property.
For CUMULATIVE CAPITAL DEVELOPMENT FUND, the sum of .1946 dollars on
each one hundred dollazs of Taxable Property.
For REDEVELOPMENT BOND (STUDEBAKER), the sum of .1319 dollazs 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.
~Ge.~~~
Member of the Common Council
1 st READ{NG ~ ~~~ /
PUBLIC HEARING ~-~y ~a
3rd READING 9- 2 8-9 ~
NOT APPROVED
R[fERRED
PASSED ~_Z~-~~
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COMMITTEE REPORT
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
71-98 A BILL 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,
1999
Respectfully report that they have examined the matter and that in their opinion, this bill
has been recommended to the Council favorably.
John Broden
Chairman