HomeMy WebLinkAboutORD 1914~ ^
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BILL NO 24
ORDINANCE N(]. 1914
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
50-10 OF THE IDAHO CODE ZM THAT THE FUNDS DERIVED FROM THE LEVY
HEREIN PROVIDED MUST BE USED SOLELY AND WHOLLY FOR THE PURPOSE AS
SET FORTH IN THIS ORDINANCE.
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SECTION 4' THAT THE LEVY OF THIS SPECIAL TAX SHALL COMMENCE
DURING THE YEAR l9.9l AND SHALL BE ASSESSED ANNUALLY THEREAFTER
UNTIL FURTHER ACTION BY THE CITY COUNCIL 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 (7%) OF THE ASSESSED
VALUATION OF THE PROPERTY SITUATED WITHIN THE BOUNDARIES OF THE
CITY OF CAL-DWELL.
SECTION 5. ALL ORDINANCES, RESOLUTIONS, ORDERS OR PARTS THEREOF,
IN C0NFLICT HEREWITH ARE HEREBY REPEALED, RESCINDED AND ANNULLED.
SECTION 6. THIS ORDINANCE SHALL BE IN FULL FORCE AND EFFECT FROM
AND AFTER ITS PASSAGE, APPROVAL AND PUBLICATION ACCORDING TO LAW.
PASSED BY THE CITY COUNCIL OF THE CITY OF CALDWELL THIS -3-rd_ DAY
OF September ^ 199, .
APPROVED BY THE MAYOR OF THE CITY OF CALDWELL THIS _3rd_ DAY OF
September lQgl.
ATTEST:
CITY CLER�K
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