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HomeMy Public PortalAboutORD08774 i �i jBILL NO. ji INTRODUCED BY COUNCILMAN it I{ ORDINANCE NO. F?7 5� IAN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, ALLOCATING THE !; RECEIPTS FROM THE IMPOSITION OF THE ONE (1/0) PER CENT SALES TAX, i'THE COLLECTION OF WHICH WAS PROVIDED FOR BY ORDINANCE NO. 8251 OF THE CITY OF JEFFERSON, MISSOURI. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JEFFERSON, 'iMISSOURI, AS FOLLOWS: �j �i Section 1. The moneys as received by the City from the imposition of the one (1%) per cent Sales Tax, the collection of +;which was authorized by Ordinance No. 8251, are hereby allocated h ® as follows: I� General Revenue Fund - - - - - 61% Lagers Fund - - - - - - - - - 6% j Capital Improvement Fund - - - 30% until a total ' amount of $400,000.00 has been received in any I� one year. The balance over and above $400,000.00 Ij shall then be deposited in the General Revenue Fund. Heavy Equipment Fund - - - - - 3% until a total {� amount of $30,000.00 has been received in any '' one year. The balance over and above $30,000.00 1( shall then be deposited in the General Revenue Fund. Section 2. This Ordinance shall take effect and be in force it!! as of November 1, 1975, from and after its passage and approval. - ij P ed A� �9 r li i e ident-4K Council a i, .I J 1i Attest i �} City Clerk. �I j j !I