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049 of 1993 - Adopting the rate of tax levy upon all4 0 93-1 0 93-20 SALT LAKE CITY ORDINANCE No. 49 of 1993 (Adopting the rate of tax levy upon all real and personal property within Salt Lake City, Utah made taxable by law for the fiscal year commencing July 1, 1993 and ending June 30, 1994) AN ORDINANCE ADOPTING THE RATE OF TAX LEVY UPON ALL REAL AND PERSONAL PROPERTY WITHIN SALT LAKE CITY, UTAH MADE TAXABLE BY LAW FOR THE FISCAL YEAR COMMENCING JULY 1, 1993 AND ENDING JUNE 30, 1994. Be it ordained by the City Council of Salt Lake City, Utah: SECTION 1. Chapter 2, Title 59 of the Utah Code Annotated states that before June 22nd of each year, the governing body of each City shall, by ordinance or resolution, adopt a proposed or, if the tax rate is not more than the certified tax rate, a final tax levy on the real and personal property for various municipal purposes. Chapter 2, Title 59, of the Utah Code Annotated 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 1993, for the fiscal year of Salt Lake City Corporation ending June 30, 1994, as revenue in the general fund and as revenue in the library fund, a tax of .5673 percent on each dollar of taxable valuation of said property apportioned as follows: a. .4690 percent shall be credited as revenue in the general fund; b. .0983 percent shall be credited as revenue in the special library fund. Said tax levies shall be subject to Mayor approval and City Council reconsideration pursuant to Section 10-3-1214 of the Utah Code Annotated. SECTION 3. The proposed tax levies do not exceed the certified tax rates and, therefore, the City is not required to publish notice or hold a public hearing pursuant to Chapter 2, Title 59, of the Utah Code Annotated. SECTION 4. The tax levies 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 1993 pursuant to the provisions of Chapter 2, Title 59, of the Utah Code Annotated. 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. 2 SECTION 6. This Ordinance shall take effect on July 1, 1993. Passed by the City Council of Salt Lake City, Utah, this 01 day of (1{00Z , 1993. ATTEST: hlwk CITY RECORDER akut s-trat c Transmitted to the Mayor on Mayor's Action: ATTEST: Bill No. 49 Published: jtJ311 99,9 C A Approved YOR 3 PERSO toed APPROVED AS TO FORM Salt Lake City Attorneys Office Date Ili- 2% - 41-3