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HomeMy WebLinkAbout4120 - Property Tax Levy1 • 2 3 • 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 • 28 29 30 31 32 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) • • 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 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 Y 1' • 2' 3 • 4 i 51 6 7 8 9 10 11 12 13 14 15 16 I 17 18 19 20 21 22 23 24 25 26 27 28 • 29 30 31 32 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 • • �,au� S� C ty Clerrk 4nd Ex -0 icio Clerk of the City Council, City of Newport Beach, State of California. 0