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058 of 2004 - Adopting the final rate of tax levy for the Special Library Fund for fiscal year 2004-2005 f 0 04-1 B 04-3 SALT LAKE CITY ORDINANCE No. 58 of 2004 (Adopting the final rate of tax levy for the Special Library Fund for fiscal year 2004-2005) AN ORDINANCE ADOPTING THE FINAL RATE OF TAX LEVY FOR THE SPECIAL LIBRARY FUND FOR FISCAL YEAR 2004-2005. Be it ordained by the City Council of Salt Lake City: PREAMBLE Chapter 2, Title 59 of the Utah Code Ann. states that the governing body of each city shall,by ordinance or resolution, adopt a proposed tax levy 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 Ann. 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 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. Further, it is the intent of the City to levy an additional tax, if necessary, to cover costs of State legislative mandates or judicial or administrative orders under Chapter 2, Title 59 of the Utah Code Ann. On June 17, 2004, the City adopted Ordinance No. 46 of 2004,by which it adopted the rate of tax levy for fiscal year 2004-2005,which included a rate of tax levy for the Special Library Fund. Due to a mistake in the information provided by the Utah State Tax Commission, the rate of tax levy previously adopted was in error. On July 6, 2004, the City adopted Ordinance No. 53 of 2004 adopting an amended rate of tax levy for the Special Library Fund for fiscal year 2004-2005. On August 24, 2004, the City held a public hearing on the proposed tax levy for the Special Library Fund, as required by law. The City now wishes to adopt a final rate of tax levy for the Special Library Fund for fiscal year 2004-2005. SECTION 1. PURPOSE. The purpose of this ordinance is to adopt a final tax levy for the Special Library Fund for fiscal year 2004-2005. SECTION 2. TAX LEVY: 2004-2005. The City Council hereby levies upon all real and personal property within Salt Lake City made taxable by law in the year 2004, for the fiscal year of Salt Lake City ending June 30, 2005, a tax of.000887 on each dollar of taxable valuation of said property which 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 § 10-3-1214 of the Utah Code Ann. SECTION 3. CERTIFIED TO AUDITOR. The tax levy hereinabove determined and levied shall be certified by the City Recorder to the Auditor of Salt Lake County, State of Utah 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 the property tax levy made herein as it may deem just, proper and appropriate under the law. SECTION 5. EFFECTIVE DATE. This Ordinance shall take effect upon publication. 2 Passed by the City Council of Salt Lake City, Utah, this 24 day of August , 2004. (Zt17Q' CH ERSON ATTEST: J �tF� .t'i t• C.lei k CHIEF DEPUTY C RECORDE • Transmitted to the Mayor on August 26, 2004 Mayor's Action: •t Approved. Vetoed. A ./t .%) MAYOR ? ' r ATTEST: P IEF DEPUTY CITY REC RDER APPROVED AS TO FORM Salt Lake City Attorney's Office Date r—t7 -c t (SEAL) Bill No. 58 of 2004. Published: 9-3-04 G:\Ordinance 04\Budget\adopting tax levy for special library fund-Aug.17,2004.doc 3