HomeMy WebLinkAbout4120 - Property Tax Levy1
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RESOLUTION NO. 4120
A RESOLUTION OF THE CITY
OF NEWPORT BEACH, FIXING
AND LEVYING A TAX UPON A
PROPERTY WITHIN THE CITY
WHICH IS TAXABLE THEREIN
PURPOSES.
COUNCIL OF THE CITY
THE RATE PER CENTUM
�L OF THE TAXABLE
OF NEWPORT BEACH,
FOR MUNICIPAL
The City Council of the City of Newport Beach does re-
solve and declare as follows:
FIRST: Resolved, that there be and is hereby levied
upon all of the taxable property within the City of Newport Beach
which is taxable therein for municipal purposes, a tax for the
purpose of raising the necessary money with which to carry on the
various departments of the City of Newport Beach for the current
fiscal year, 1953 -54.
SECOND; Resolved, that the rate per centum of the tax
hereinafter levied shall be and is hereby fixed as the sum of
eighty cents (80,) on each one hundred dollars of value, desig-
nated for each fund as follows:
For current expense Fund:
Seventy -five cents (75p)
For the Library Fund:
Five cents ( 50
Total Tax Levy:
Eighty cents (800
THIRD: Resolved, that in addition to all other taxes
herein above levied there is hereby levied on all the taxable pr -
perty within the City of Newport Beach, a tax of five cents (5p)
on each One Hundred Dollars ($100.00) for advertising purposes,
pursuant to the provisions of Ordinance No. 144 submitted to and
carried by a majority of the votes of all the voters voting at
election held for the purpose of voting for or against said
ordinance on the 24th day of September, 1918.
FOURTH: Resolved, that in addition to all other
taxes hereinabove levied, there is hereby levied on all of the
taxable property within the City of Newport Beach a tax of (3p)
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on each One Hundred Dollars ($100.00 of assessed valuation,
for park purposes, pursuant to the provisions of Ordinance No.
380 of the City of Newport Beach, submitted to and carried by a
majority of the votes of all voters voting at an election held
for the purpose pf voting for or against said ordinance on May
28, 1938.
FIFTH: Resolved, that in addition to all other taxes
hereinabove levied, there is hereby levied on all of the taxable
property within the City of Newport Beach a tax of fourteen cent
(14p) on each One Hundred Dollars ($100.00), said amount estimat
by the City Council of the City of Newport Beach to be required
to provide sufficient revenue to meet the obligation of the City
to the Retirement System under Section 58 -c of the "State
Employees Retirement Act" Statutes of 1931, page 1442, and
amendments thereto, as well as sufficient under sub - section 5 of
Section 38 -C of the same Act, and said rate of taxation is in
addition to the annual rate of taxation allowed by law to be
levied in the City of Newport Beach.
SIXTH: Resolved, that in addition to all other taxes
hereinabove levied for municipal purposes, there is hereby levie
on all of the taxable property within the City of Newport Beach,
excepting upon property annexed on and after November 1, 1943, a
tax for the purpose of raising the necessary and sufficient
money to pay the annual interest on all issued, outstanding and
unpaid municipal bonds of the City of Newport Beach, and also
such part of the principal thereof as shall become due before
the time for fixing the next general tax levy in and for said
City, the rate hereby levied for said purposes is fixed at
eleven cents (11C) on each One Hundred Dollars ($100.00) of
value and the same shall be collected at the same time and in
the same manner as all other municipal taxes are collected.
The above and foregoing Resolution was passed, adopted
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and approved by the City Council of the City of Newport Beach at
a regular meeting thereof held on the 17th day of August, 1953,
by the following vote, to wit:
AYES, COUNCILMEN: Smith, Finch, Isbell, Bennett,
Miller
NOES, COUNCILMEN: None
ABSENT COUNCILMEN: None
/s/ Norman Miller
Mayor
ATTEST:
/s/ C. K. Priest
City Clerk
5�
STATE OF CALIFORNIA )
• COUNTY OF ORANGE ) SS
CITY OF NEWPORT BEACH )
• I, MARGERY SCHROUDER, City Clerk of the City of Newport
Beach, California, do hereby certify that according to the records
of the City of Newport Beach filed and maintained in my office,
the foregoing Resolution No. 4120 was duly and
regularly adopted, passed, and approved by the City Council of
the City of Newport Beach, California, at a regular meeting of said
City Council held at the regular meeting place thereof, on the
17th day of August 1953, by the following
vote, to wit:
AYES, COUNCILMEN: Smith, Finch, Isbell, Bennett, Miller
NOES, COUNCILMEN: None
ABSENT, COUNCILMEN: None
Dated this 7th day of August 19 57
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�,au� S�
C ty Clerrk 4nd Ex -0 icio Clerk
of the City Council, City of
Newport Beach, State of California.
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