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037 of 1989 - Determining the rate of Tax Levy Upon all Real & Personal Property for Fiscal YR 1989-90 0 89-1 0 89-23 SALT LAKE CITY ORDINANCE No. 37 of 1989 (Determining the rate of tax levy and levying taxes upon all real and personal property within Salt Lake City, Utah made taxable by law for the fiscal year commencing July 1, 1989 and ending June 30, 1990. AN ORDINANCE DETERMINING THE RATE OF TAX LEVY AND LEVYING TAXES UPON ALL REAL AND PERSONAL PROPERTY WITHIN SALT LAKE CITY, UTAH MADE TAXABLE BY LAW FOR THE FISCAL YEAR COMMENCING JULY 1, 1989 AND ENDING JUNE 30, 1990. Be it ordained by the City Council of Salt Lake City, Utah: SECTION 1 . Chapter 2, Title 59 Utah Code Annotated ( 1953 as amended) , states that before June 22nd of each year the governing body of each City, shall, by ordinance or resolution, set the real and personal property tax levy for various municipal purposes. Chapter 2, Title 59, Utah Code Annotated ( 1953 as amended) provides for certain notice and hearing requirements if the proposed tax rate exceeds the certified tax rate. It is the intent of Salt Lake City Corporation to comply with the mandate of the Utah Legislature, but reserve in itself the power to amend the tax rates set herein to guarantee, after final appraisal figures have been determined, that it does not exceed the amount required for its governmental operations and taxing authority granted by the Legislature. SECTION 2. For purposes of defraying the necessary and proper expenses of the City to maintain the government thereof and; for operating and maintaining its libraries and reading rooms, the City Council hereby levies upon all real and personal property within Salt Lake City, Utah made taxable by law in the year 1989, for the fiscal year of Salt Lake City ending June 30, 1990, a tax of 0.005227percent on each dollar of taxable evaluation of said property, apportioned as follows: (a)0.004360 percent shall be credited as revenue in the general fund; (b)0.000867 percent shall be credited as revenue in the special library fund. Said tax levy shall be subject to Mayor approval and City Council reconsideration pursuant to Section 1214, Chapter 3, Title 10, Utah Code Annotated ( 1953 as amended) . SECTION 3. The proposed tax levy does not exceed the certified tax rate and, therefore, the City is not required to publish notice or hold a public hearing pursuant to Chapter 2, Title 59, Utah Code Annotated ( 1953 as amended) . SECTION 4. The tax levy hereinabove determined and levied shall be certified by the City Recorder to the Auditor of Salt Lake County, State of Utah before the 22nd day of June 1989 pursuant to the provisions of Chapter 2, Title 59, Utah Code Annotated ( 1953 as amended) . -2- SECTION 5. The City hereby expressly reserves the power and right to amend any property tax levy made herein as it may deem just, proper and appropriate under the law. SECTION 6. This Ordinance shall take effect on July 1, 1989. Passed by the City Council of Salt Lake City, Utah, this 13th day of June , 1989. SALT LAKE CITY COUN By lChrp—erson ATTEST: APPROVED AS TO FORM Salt lake city Attome 's Office Date -Z By Transmitted to the Mayor on the 13th day of June , 1989. Mayor' s action: Approved DATED this 13th day of June 1989 l� 4 i - L.�— PALMER DePAULIS Mayor -3- ' a M ATTEST: CI Y E ER FMN:cc ( SEAL) BW_. - of Pwiioet. July 1, 1989 -4-