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070 of 2000 - revising and re-adopting the rate of tax levy for fiscal year 2000-2001 0 00-1 0 00-17 SALT LAKE CITY ORDINANCE No. 70 of 2000 (Amending Ordinance No. 52 of 2000 to revise and re-adopt 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 AMENDING ORDINANCE NO. 52 OF 2000 TO REVISE AND RE-ADOPT 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. WHEREAS, on or about July 12, 2000, the City enacted 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; and WHEREAS, in Ordinance No. 69 of 2000, enacted on September 13, 2000, the City re-adopted the rate of tax levy upon all real and personal property within Salt Lake City for the repayment of court ordered judgments; and WHEREAS, Salt Lake County has now informed the City that the information which the County previously provided to the City,upon which the City based the rate of tax levy enacted in Ordinance No. 52 of 2000, contained significant errors; and WHEREAS, the City now wishes to revise and re-adopt 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, based upon the new information provided to the City by Salt Lake County; NOW, THEREFORE, 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 amend Ordinance No. 52 of 2000 to revise and re-adopt the rate of 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 to pay for costs of State legislative mandates or judicial or administrative orders under Chapter 2, Title 59 of the Utah Code Ann. Except for(1)the revision and re-adoption of the rate of tax levy as set forth herein, and(2)the re-adoption of the rate of tax levy for 2 the repayment of court ordered judgments as set forth in Ordinance No. 69 of 2000, the remainder of Ordinance No. 52 of 2000 is unaffected by this ordinance and shall remain in full force and effect. 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.004916 percent on each dollar of taxable valuation of said property approved as follows: (a) .003500 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) .000785 percent shall be credited as revenue in the Special Library Fund; (d) .000591 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 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. 3 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 as required by the provisions of Utah law. 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 become effective on the date of its first publication, but shall relate back and be effective as of July 1, 2000. Passed by the City Council of Salt Lake City, Utah, this 3rd day of October , 2000. CHAIRPERSO ATTEST: GlAt-omF DEPUTY CITY CORDER Transmitted to the Mayor on October 3, 2000 . Mayor's Action: X' Approved. Vetoed. OR „Sat lake City Date 4 ATTEST: • HIEF DEPUTY CIT RECORDER i, (SEAL) ' y� J ;;C".�i' :}i ,.�t��l3;y.,tt.; ti %t. * r uSP Bill No. 70 of 2000. Published: October 19, 2000 • G:\Ordina00\Budget\revised and re-adopted rate of tax levy for court judgments-Sept 28,2000.doc 5