HomeMy WebLinkAbout438 - Property Tax Levy• RESOLUTION NO. 438.
A Resolution of the City Council of the City of
Newport Beach fixing the rate per oentum and levying a
tax upon all of the taxable property within the City of
Newport Beach which is taxable therein for municipal
purposes.
The City Council of the City of Newport Beach do resolve
and declare as follows:
let. 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
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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.
2nd. Resolved, that the rate per oentum of the tax
hereinafter levied shall be and is hereby fixed at the sum of one (1)
dollar three (3) cents on each one hundred dollars of value designated
for each fund as follows;
For the current expense fund - one (1) dollar
For the library fund - three (3) cents
Total tax levy - one (1) dollar three (3) cents
3rd. Resolved, that in addition to all other taxes
herein levied for municipal purposes, there is hereby levied on all
of the taxable property within the City of Newport Beach 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 o$ the principal
thereof as shall become due before the time for fixiftg the next
general tax levy in end for said city, the rate hereby levied for
said purposes is fixed at thirty cents on each one hundred (100) !�
dollars of value, and the same shall be collected at the same time
and in the same manner as all other municipal taxes are collected,
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excepting upon property annexed at an election held the 11th day of
February, 1924, and known as Corona Del Mar, provided that the said taxes
herein levied shall be exclusive of any tax levied for the payment of
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interest and principal of $350;000 bonds of the City of Newport Beach
issued and sold for the completion of the municipal water system
thereof.
4th. Resolved, that in addition to all other
taxes herein levied for municipal purposes there is hereby levied on
all of the taxable property within the city of Newport Beach e. tax
for the purpose of raising the necessary and sufficient money to pay
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the annual interest on $350,000.00 bonds of the City of Newport Beach
issued and sold for the completion of the municipal water system
thereof, issued, outstanding, and unpaid of the City
and also such part of the principal thereof as shall
the time for fixing the next general tax levy in and
the rate of the tax hereby levied for said purpose i
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five (55) cents on each one hundred (100) dollars of
of Newport Beach,
become due before
for said city,
a fixed at fifty -
value.
5th. Resolved, that in addition to all other
taxes herein levied there is hereby levied on all the taxable property
is
within the city of Newport Beach a tax of fifteen (7-5) cents on each
one hundred (100) dollars for advertising purposes, pursuant to the
provisions of Ordinance No. 144 submitted to and carried by a majority
of the votes of all the votes voting at an election held for the purpose
of voting for or against said ordinance on the 24th day of September,
1918.
6th. Resolved, ths.t in addition to all other
taxes herein levied, there is hereby levied on all of the taxable property
within the Municipal Improvement District No. 1 of the City of Newport
Beach a. tax of five (5) cents on each one hundred (100) dollars of
assessed valuation for the payment of semi - annual interest on and the
redemption of the bonds of said district.
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7th.
Resolved, that in
addition to all other
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taxes herein levied,
there is hereby levied on
all of the taxable
property within Municipal
Improvement District
No. 2 of the City of
Newport Beach a tax
of twenty (20) cents on each one hundred (100)
dollars of assessed
valuation for the payment
of semi - annual interest
on and the redemption of the bonds of said district.
8th. Resolved, that in addition to all other
taxes herein levied, there is hereby levied on all of the taxable
property within Municipal Improvement District No. 3 of the City of
V Newport Beach a tax of fifty -five (55) cents on each one hundred (100)
dollars of assessed valuation for the payment of semi - annual interest
on and the redemption of the bonds of said district.
9th. Resolved, that in addition to all other
taxes herein levied, there is hereby levied on all of the taxable
property within Municipal Improvement District No. 4 of the City of
Newport Beach a tax of twenty -five (25) cents on each one hundred (100)
dollars of assessed valuation for the payment of semi - annual interest
on and the redemption of the bonds of said district.
10th. Delinquencies having occurred in the
payment of assessments and interest thereon for the work done and
improvement made in the City of Newport Beach, pursuant to the follow-
ing resolutions:
Resolution of Intention No. 133, passed, adopted and approved
on the 6th day of July, 1920;
Resolution of Intention No. 160, passed, adopted and approved
on the 20th day of March, 1922;
Resolution of Intention No. 158, passed, adopted and approved
on the 20th day of March, 1922;
Resolution of Intention No. 156, passed, adopted and approved
on the 6th day of March, 1922;
Resolution of Intention No. 196, passed, adopted and approved
on the 7th day of August, 1922;
Resolution of Intention No. 215, passed, adopted and approved
on the 5th day of February, 1923;
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• Resolution of Intention No. 304, passed, adopted and approved
on the 26th day of November, 1924;
• Resolution of Intention No. 312, passed, adopted and approved
on the 5th day of January, 1925;
Resolution of Intention No. 323, passed, adopted and approved
on the 16th day of February, 1925; l
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The property upon which the assessments and interest were a
lien having, on account of said delinquencies, been sold to the City of
Newport Beach, and there being no available funds in the treasury of
the City of Newport Beach with which to pay the delinquent assessments
and delinquent interest thereon, and the tax collector having made demand
on the City Council that a suitable amount be included in the tax levy
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of 1927 -28 for the purpose of providing funds with which to make such
payments, there is hereby levied on each one hundred (100) dollars of
assessed value of the real and personal property in the City of Newport
Beach therein taxable for municipal purposes the sum of ten (10) cents
for the purpose of making such payments.
The above and foregoing Resolution was passed, adopted and
approved by the City Council of the City of Newport Beach at a regular
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meeting thereof held on the 5th day of September, 1927, by the following
vote:
Ayes, Councilmen - L. S. Wilkinson, Felix B. Modjeska, Harry
H. Williamson, Conrad Richter.
Noes, Councilmen - None
Absent, Councilmem - Fred W. Young
The above and foregoing Resolution No. 438 is approved by me
this 5th day of September, 1927.
t/1 A,
Mayor
Cler - City of Newport Beach
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