HomeMy Public PortalAbout2918-1974 - Fixing tax rates for properties - 1975Prescribed by State Board of Accounts City Budget Form'No 4
Amended by the Common
AMENDED ORDINANCE NO 2918-I974 Council 8-19-74
AN ORDINANCE FIXING THE RATE AND AMOUNT OF TAXES FOR MUNICIPAL PURPOSES TO BE
LEVIED ON PROPERTY WITHIN THE CITY OF RICHMOND, WAYNE COUNTY, INDIANA, FOR THE
YEAR 1975, AND PROVIDING FOR THE TAKING EFFECT THEREOF.
SECTION 1. BE IT ORDAINED BY THE COMMON COUNCIL of the City of Richmond, Wayne
County, Indiana, that the amount of taxes to be levied on property within the City
of Richmond, Wayne County, Indiana, for the year 1974, to be collected in 1975
shall be $ 2,527,638.73 and the rate of such tax and purpose therefore shall be as
follows:
A. For the GENERAL FUND of said City, the levy shall be 1.S482
on each One Hundred Dollars of assessed valuation and this
shall be placed in the said General Fund.
B. For the GENERAL SINKING FUND of said City, the levy shall be
.09378 on each One Hundred Dollars of assessed valuation.
C. For the AIRPORT OPERATING FUND of said City, the levy shall be
zero on each One Hundred Dollars of assessed valuation.
D. For the POLICE PENSION FUND of said City, the levy shall be
.18763 on each One Hundred Dollars of assessed valuation.
E. For the PARK AND RECREATION DEPARTMENT of said City, the levy
shall be .4058 on each One Hundred Dollars of assessed valuation.
F. For the CITY PLAN COMMISSION of said City, the levy shall be
.05264 on each One Hundred Dollars of assessed valuation.
G. For the REDEVELOPMENT COMMISSION of said City, the levy shall be
zero on each One Hundred Dollars of assessed valuation.
H. For the PARK SINKING BOND FUND of said City, the levy shall be
.0669 on each One Hundred Dollars of assessed valuation.
I. For the REDEVELOPMENT DISTRICT BOND FIRST ISSUE FUND of the said
City, the levy shall be .10333 on each One Hundred Dollars of
assessed valuation.
J. And therefore shall be a total tax rate on the property within
the City of Richmond, Wayne County, Indiana of 2.45828
SECTION 2. Said taxes shall be paid and allocated as provided by an ACT of the
GENERAL ASSEMBLY of the State of Indiana, entitled "AN ACT GOVERNING MUNICIPAL
CORPORATION", approved March 6, 1905, and subsequent parts thereto amendatory
and/or supplemental thereto or therefore.
SECTION 3. This ordinance shall be in full force and effect from and after its
passage by Common Council of the City of Richmond, Indiana, properly signed by
the President of Common Council, approval by the Mayor of said City, and with
notice as required by law.
Ordinance No 2918-1974
Page 2
PASSED by the Common Council fo the City of Richmond, Wayne County, Indiana this
a 6 r-4,0- day of August, 1974.
-- r
esident
ATTEST:
'ty Clerk
Submitted to the Mayor of the City of Richmond, Indiana, this -day of August,
1974.
—� C' y Clerk
APPROVED by me, Byron E. Klute, Mayor of the City of Richmond, Indiana, this
o� % a day of August, 1974.
Mayor
ATTEST:
Ci Clerk