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064 of 2010 - Adopting the final rate of tax levy to be credited to the Library Fund for Fiscal Year 2010-2011 • 0 10-1 B 10-Z SALT LAKE CITY ORDINANCE No. 64 of 2010 (Adopting the final rate of tax levy to be credited to the Library Fund for fiscal year 2010-2011) An ordinance adopting the final rate of tax levy to be credited to the Library Fund for fiscal year 2010-2011. Be it ordained by the City Council of Salt Lake City: PREAMBLE Chapter 2, Title 59 of the Utah Code 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 provides for certain notice and hearing requirements if the proposed tax rate exceeds the certified tax rate. In that event, the proposed tax rate does not become final unless approved by resolution of the City Council following such notice and public hearing. 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. On June 15, 2010, the City Council passed Ordinance No. 36 of 2010, adopting a rate of tax levy for the library fund. On August 4, 2010, the City Council held a truth in taxation hearing as required by law. The City Council has now complied with all legal requirements to adopt a final rate of tax levy for the library fund. SECTION 1. PURPOSE. The purpose of this ordinance is to adopt a final rate of tax levy for the Library Fund,pursuant to Chapter 2, Title 59 of the Utah Code, upon all real and personal property within Salt Lake City made taxable by law during fiscal year 2010-2011. The amount of this levy for the Library Fund is only a portion of the City's total property tax levy. Although this ordinance is adopted separately, the amount of this library fund levy will be included in the ordinance adopting the City's total property tax levy. SECTION 2. FINAL LIBRARY FUND TAX LEVY: 2010-2011. The City Council hereby adopts the following final library fund levy, subject to Chapter 2, Title 59 of the Utah Code, upon all real and personal property within Salt Lake City made taxable by law, for the fiscal year of Salt Lake City beginning July 1, 2010 and ending June 30, 2011, a tax of.000803 on each dollar of taxable valuation of said property apportioned as follows: a) .000791 shall be credited as revenue in the special library fund; and b) .000012 shall be credited to the judgment levy for the library fund. Said tax levy in this Section 2 shall be subject to Mayor approval and City Council reconsideration pursuant to § 10-3b-204 of the Utah Code. SECTION 3. CERTIFIED TO AUDITOR. The final 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. 2 SECTION 4. RESERVED 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. This Ordinance shall be deemed effective on July 1, 2010. Passed by the City Council of Salt Lake City, Utah, this 10th day of August , 2010. IRPER/1 ATTEST: aIA 4;t.o44es762/1 RECORDER Transmitted to the Mayor on 8-11-2010 Mayor's Action: x Approved. Vetoed. 4 MA` OR ATTEST: r • :F DE TY CITY RECORDER 40,00 APPROVED AS rorOn Salt Lake City Attorney's OttiC6 (SEAL) • 9?+1�+ Date 7- 2 - Pi ,� - ,, � awl �s-t •.;nib , • By � "'�� Bill No. 64 of 2010. rr' v Published: 8-25-10 ` op ti�> HB_ATTY-#13338-v 1-AdoptingTacLerytobeCredited_to_Library_Fund 4.00 3