059 of 2001 - rate of tax levy 0 01-1
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SALT LAKE CITY ORDINANCE
No. 59 of 2001
(Amending and Re-adopting 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)
AN ORDINANCE AMENDING AND RE-ADOPTING 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.
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.
On or about June 14, 2001, the Salt Lake City Council enacted Ordinance No. 42
of 2001, which adopted various alternative rates of tax levy, depending upon certain
actions to be taken by Salt Lake County. The County has now taken those actions and the
Utah State Tax Commission has also made adjustments to the City's rate of tax levy.
The City Council now desires to amend and re-adopt the rate of tax levy adopted
by the City, based upon the actions taken by Salt Lake County and the Utah State Tax
Commission;
NOW THEREFORE, Be it ordained by the City Council of Salt Lake City:
SECTION 1. PURPOSE. The purpose of this ordinance is to amend and re-adopt
a tax levy upon all real and personal property within Salt Lake City made taxable by law
in the years 2001 and 2002 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: 2001-2002. The City Council hereby levies upon all
real and personal property within Salt Lake City made taxable by law in the year 2001, for
the fiscal year of Salt Lake City ending June 30, 2002, as revenue in the general fund and
as revenue in the library fund, a tax of.005069 percent on each dollar of taxable valuation
of said property to be allocated as follows:
(A) .003745 percent shall be credited as revenue in the general fund;
(B) .000773 percent shall be credited as revenue in the library fund;
and
(C) .000551 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.
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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.
In the event that the tax levy adopted by this Ordinance produces revenues in
excess of those projected in the City's 2001-2002 budget, those revenues shall be and
hereby are appropriated to the City's general fund.
SECTION 3. 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 ending June 30, 2003, as revenue in the General Fund
and as revenue in the Library Fund, a tax in the amount of the certified tax rate for the
year 2002, as certified by the Salt Lake County Auditor.
SECTION 4. PUBLIC HEARING. Pursuant to Chapter 2, Title 59, of the Utah
Code Ann., the City is not required to publish notice or hold a public hearing in
connection with the adoption of this tax levy.
SECTION 5. 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 pursuant to the provisions of Chapter 2, Title 59 of the Utah Code
Ann.
SECTION 6. 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 7. EFFECTIVE DATE. This Ordinance shall become effective on the
date of its first publication, but shall relate back to and be effective as of July 1, 2001.
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Passed by the City Council of Salt Lake City, Utah, this 14 th day of
August , 2001.
CHAIR 'RSON
ATTEST:
CHIEF DEPUTY CITY REC RDER " � -Y7A = - ';:"
Transmitted to the Mayor on August 15, 2001
Mayor's Action: X Approved. Vetoed.
/c c DK MAYOR
ATTEST:
Ai-Pia/ED DES 10 R-'C dM .,y
•
ice
HIEF DEPUTY CI Y CORDER ;,
(SEAL) .� •,.
Bill No. 59 of 2001. i} ;AO
Published: August 21, 2001 i'fr ' x'
G\Ordina0l\Budget\adopting tax levy-Aug 10,2001 doc
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