056 of 2002 - adopting the tax levy 0 02-1
B 02-9
SALT LAKE CITY ORDINANCE
No. 56 2002
(Adopting and ratifying the rate of tax levy upon all real and
personal property within Salt Lake City made taxable
by law for fiscal year 2002-2003)
AN ORDINANCE ADOPTING AND RATIFYING THE RATE OF TAX LEVY
UPON ALL REAL AND PERSONAL PROPERTY WITHIN SALT LAKE CITY
MADE TAXABLE BY LAW FOR FISCAL YEAR 2002-2003.
On June 14, 2001 the Salt Lake City Council approved Ordinance No. 43 of 2001
which adopted the rate of tax levy upon all real and personal property within Salt Lake
City made taxable by law for fiscal years 2001-2002 and 2002-2003. That Ordinance
was signed by the Mayor on June 18, 2001.
On June 18, 2002, the Salt Lake City Council approved Ordinance No. 41 of
2002,which amended Ordinance No. 43 of 2001, by amending and establishing the rate
of tax levy upon all real and personal property within Salt Lake City for fiscal year 2002-
2003. That ordinance was signed by the Mayor on June 28, 2002.
The rate of tax levy established for fiscal year 2002-2003 in Ordinance No. 41 of
2002 was expressly made subject to a truth in taxation hearing pursuant to Chapter 2,
Title 59, of the Utah Code Annotated.
On August 7, 2002,pursuant to the requirements of State law, the Salt Lake City
Council held a public hearing, which hearing was continued on August 15, 2002. With
the conclusion of that public hearing, the Salt Lake City Council has completed all of the
statutory requirements for adopting the rate of tax levy for fiscal year 2002-2003.
NOW, THEREFORE,be it ordained by the City Council of Salt Lake City, Utah:
SECTION 1. PURPOSE. The purpose of this ordinance is to adopt and ratify the
meaning and intent of Salt Lake City Ordinance No. 41 of 2002, and to adopt the rate of
tax levy upon all real and personal property within Salt Lake City made taxable by law
for fiscal year 2002-2003 to defray the necessary and proper expenses of Salt Lake City
to maintain the government thereof and for operating and maintaining its libraries and
reading rooms and to pay for the costs of State legislative mandates or judicial or
administrative orders under Chapter 2, Title 59 of the Utah Code Annotated.
SECTION 2. TAX LEVY: 2002-2003. The City Council hereby levies upon all
real and personal property within Salt Lake City made taxable by law in the year 2002,
for the fiscal year of Salt Lake City beginning July 1, 2002, and ending June 30, 2003, as
revenue in the general fund and as revenue in the library fund, a tax of.005267 percent
on each dollar of taxable valuation of said property apportioned as follows:
(a) .003911 percent shall be credited as revenue in the general fund;
(b) .000049 percent shall be credited as revenue in the general fund to be used for
repayment of court ordered judgments;
(c) .000755 percent shall be credited as revenue in the special library fund;
(d) .000006 percent shall be credited as revenue in the special library fund to be
used for repayment of court ordered judgments; and
(e) .000546 percent shall be credited toward repayment of the Block 37 General
Obligation Bonds for the construction of a new City library building and other
improvements.
The tax levies set forth herein shall be subject to Mayor approval and City
Council reconsideration pursuant to § 10-3-1214 of the Utah Code Ann.
SECTION 3. CERTIFIED TO AUDITOR. The tax levies hereinabove
determined and levied shall be certified by the City Recorder or his designee to the
Auditor of Salt Lake County, State of Utah before the 17th day of August 2002 pursuant
to the provisions of Chapter 2, Title 59 of the Utah Code Ann.
SECTION 4. RESERVE POWER AND RIGHT TO AMEND. 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 5. EFFECTIVE DATE. Upon publication, this Ordinance shall be
deemed effective as of July 1, 2002.
Passed by the City Council of Salt Lake City, Utah, this 15th day of August,
2002.
TIC ""►,
It
111111 Va40
V t �i. 7j "E�% CHAIRPERSO
ATTEST: �-: -.'t -, ;t Y ` >
.
.
CHIEF DEPUTY CI Y REC RDER
Transmitted to the Mayor on 8/15/0 2 .
Mayor's Action: X Approved. Vetoed.
7--7,-(.__, -9a„,62
, - 4
MAYOR
7- 3o=oZ
ATTEST:
4
CH F DEPUTY CIT RE ORDER
TJ�J�ryr 1r,-.4
GT/
(SEAL) , I. S` ri1+r
Bill No. 56 of 2002. 4,:,.;.:A.
Published:8/20/0 2 ,
G:\Ordinance 02\Adopting the rate of tax levy.doc