HomeMy WebLinkAboutORD 1677BILL NO. 15
ORDINANCE NO. 1677
AN ORDINANCE ESTABLISHING A "CAPITAL IMPROVEMENT FUND" UNDER THE
PROVISION OF 50 -236 OF THE IDAHO CODE FOR THE PURPOSE OF PROVIDING
FUNDS FOR THE PURCHASE OF LAND AND TRAINING FACILITY FOR THE CITY OF
CALDWELL FIRE DEPARTMENT, SAID CAPITAL IMPROVEMENT FUND IS SUBJECT TO
THE PROVISIONS OF SECTION 50 -1014 OF THE IDAHO CODE IN RESPECT TO THE
TRANSFER OF UNEXPENDED BALANCE IN SAID FUND AND PROVIDING FOR THE
ADMINISTRATION OF SAID CAPITAL IMPROVEMENT FUND.
BE IT ORDAINED By the Mayor and Council of the City of Caldwell,
Idaho:
Section 1. That there be and hereby is created a "Capital
Improvement Fund" under the provision of Section 50 -236 of the Idaho
Code; that said fund shall be used solely for the purpose of providing
funds for the purchase of land and training facility for the City of
Caldwell Fire Department.
Section 2. That in addition to other taxes levied by the City of
Caldwell, there shall be levied a special tax not to exceed one mill
in any one year of the assessed valuation of the property within the
boundaries of the City of Caldwell; that said funds shall never exceed
in the aggregate two percent (2%) of the assessed valuation of the
property within the City of Caldwell.
Section 3. That the funds derived from the special tax levy
herein set forth shall not be subject to the provision of Section
50 -1014 of the Idaho Code in that the funds derived from the levy
herein provided must be used solely and wholly for the purpose as
set forth in this ordinance.
Section 4. That the funds derived from the levy of the special
tax herein provided shall be administered and invested by the City
Treasurer of the City of Caldwell subject to supervising and direction
by resolution of the City Council of the City of Caldwell.
Section 5. That said special tax shall be over and above and
in addition to other taxes allowed by law which are levied by the City
of Caldwell, Idaho.
Section 6. That the levy of this special tax shall commence
during the year 1984 and shall be assessed annually thereafter unless
so ordered by resolution of the City Council of the City of Caldwell
or until such time as the maximum amount has been levied under the
provision of Section 50 -236 of the Idaho Code which provides that
said funds shall not exceed in the aggregate two percent (2%) of the
assessed valuation of the property situated within the boundaries of
the City of Caldwell.
Section 7. All ordinances, resolutions, orders or parts 'thereof,
in conflict herewith are hereby repealed, rescinded and annulled.
Section 8. This ordinance shall be in full force and effect
from and after its passage, approval and publication according to law.
PASSED BY THE COUNCIL THIS 7th DAY OF August v 1984.
APPROVED BY THE MAYOR THIS 7th DAY OF August , 1984.
ATTEST:
City Clerk '