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052 of 2000 - adopting the rate of tax levy for fiscal year 2000-2001 0 00-1 Q, • 0 00-17 ReviSe L SALT LAKE CITY ORDINANCE No. 52 of 2000 (Adopting the rate of tax levy upon all real and personal property within Salt Lake City, made taxable by law for the fiscal year commencing July 1, 2000 and ending June 30, 2001) AN ORDINANCE ADOPTING THE RATE OF TAX LEVY UPON ALL REAL AND PERSONAL PROPERTY WITHIN SALT LAKE CITY MADE TAXABLE BY LAW FOR THE FISCAL YEAR COMMENCING JULY 1, 2000 AND ENDING JUNE 30, 2001. 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. SECTION 1. PURPOSE. The purpose of this ordinance is to adopt a tax levy upon all real and personal property within Salt Lake City made taxable by law in the year 2000 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 costs of State legislative mandates or judicial or administrative orders under Chapter 2, Title 59 of the Utah Code Ann. SECTION 2. TAX LEVY. The City Council hereby levies upon all real and personal property within Salt Lake City made taxable by law in the year 2000, for the fiscal year of Salt Lake City ending June 30, 2001, as revenue in the general fund and as revenue in the library fund, a tax of.004888 percent on each dollar of taxable valuation of said property apportioned as follows: (a) .003480 percent shall be credited as revenue in the general fund; (b) .000034 percent shall be credited as revenue in the general fund to be used for repayment of court ordered judgments; (c) .000781 percent shall be credited as revenue in the special library fund; (d) .000587 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; and (e) .000006 percent shall be credited toward repayment of the Block 37 General Obligation Bonds to be used for repayment of court ordered judgments. The City Council hereby further levies a tax to cover the costs of State legislative mandates or judicial or administrative orders under Chapter 2, Title 59 of the Utah Code 2 Ann. as determined by the Utah State Tax Commission and the Salt Lake County Auditor's Office. Said tax levies in this Section 2 shall be subject to Mayor approval and City Council reconsideration pursuant to § 10-3-1214 of the Utah Code Ann. SECTION 3. CERTIFIED TAX RATE. 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 Ann. SECTION 4. CERTIFIED TO AUDITOR. 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 2000 pursuant to the provisions of Chapter 2, Title 59 of the Utah Code Ann. SECTION 5. 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 6. EFFECTIVE DATE. This Ordinance shall take effect on July 1, 2000. Passed by the City Council of Salt Lake City, Utah,this 11 th day of July , 2000. CHAIRPERS 3 ATTEST: I F DEPUTY TY CORDER Transmitted to the Mayor on July 12, 2000 Mayor's Action: X- Approved. Vetoed. jt \; MAY ATTEST: , ;�r�,,�.,.4�,-;- '•� 4': c snit Lki'co City Attniriotr's Offico Dat /O- Zerve) CHIEF DEPUTY CIT CORDERy� (SEAL) Bill No. 52 of 2000. Published: July 18, 2000 • G:\Ordina00\Budget\adopting tax levy 2.doc 4 0 00-1 L'J 0 00-17 SALT LAKE CITY ORDINANCE No. 52 of 2000 (Adopting the rate of tax levy upon all real and personal property within Salt Lake City, made taxable by law for the fiscal year commencing July 1, 2000 and ending June 30, 2001) AN ORDINANCE ADOPTING THE RATE OF TAX LEVY UPON ALL REAL AND PERSONAL PROPERTY WITHIN SALT LAKE CITY MADE TAXABLE BY LAW FOR THE FISCAL YEAR COMMENCING JULY 1, 2000 AND ENDING JUNE 30, 2001. 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. SECTION 1. PURPOSE. The purpose of this ordinance is to adopt a tax levy upon all real and personal property within Salt Lake City made taxable by law in the year 2000 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 costs of State legislative mandates or judicial or administrative orders under Chapter 2, Title 59 of the Utah Code Ann. SECTION 2. TAX LEVY. The City Council hereby levies upon all real and personal property within Salt Lake City made taxable by law in the year 2000, for the fiscal year of Salt Lake City ending June 30, 2001, as revenue in the general fund and as revenue in the library fund, a tax of percent on each dollar of taxable valuation of said property apportioned as follows: (a) percent shall be credited as revenue in the general fund; (b) percent shall be credited as revenue in the general fund to be used for repayment of court ordered judgments; (c) percent shall be credited as revenue in the special library fund; (d) percent shall be credited as revenue in the special library fund to be used for repayment of court ordered judgments; and (e) 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 City Council hereby further levies a tax to cover the costs of State legislative mandates or judicial or administrative orders under Chapter 2, Title 59 of the Utah Code 2 Ann. as determined by the Utah State Tax Commission and the Salt Lake County Auditor's Office. Said tax levies in this Section 2 shall be subject to Mayor approval and City Council reconsideration pursuant to § 10-3-1214 of the Utah Code Ann. SECTION 3. CERTIFIED TAX RATE. 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 Ann. SECTION 4. CERTIFIED TO AUDITOR. 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 2000 pursuant to the provisions of Chapter 2, Title 59 of the Utah Code Ann. SECTION 5. 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 6. EFFECTIVE DATE. This Ordinance shall take effect on July 1, 2000. Passed by the City Council of Salt Lake City, Utah, this 29th day of June , 2000. HAIRPERS 3 ATTEST: CHIEF DEPUTY C REC ER Transmitted to the Mayor on June 29, 2000 Mayor's Action: /` Approved. Vetoed. M OR _) ATTEST: APPROVED AS TO FORM Salt Lake City Attorney°s Office CHIEF D PUTY TY CORDER Date `f ov004.44.„. (SEAL) ... '4* Bill No. 52 of 2000. *: .t rA f! Published: July 11, 2000 •, l C pQRA'1,,% G.\Ordina00\Budget\adopting tax levy 2 doc 4