HomeMy WebLinkAboutOrdinance No.06-1967MICROFILMED 3 -13.80 i
ORDINANCE NO._ 6 -67
AN ORDINANCE SETTING AND PRESCRIBING RATE
OF AD VALOREM TAXATION I17 SUPPORT OF THE
CITY'S STORM DRAI14AGE PROGRAM: PROVIDING
AN EFFECTIVE DATE
WHEREAS, Chapter 63 -1197, Laws of Florida, Special Acts
of 1963, authorizes ad valorem taxation to finance special
improvements within the City upon an affirmative vote of the
freeholders of the City and
WHEREAS, the Council of the City of Cape Canaveral, Florida,
by its Resolution duly and regularly adopted at its meeting
held on the 15th day of February, 1966, did call an election
for the purpose of submitting to the qualified electors re-
siding in such City, who were freeholders and who had specially
reregistered therefor, for their approval or disapproval of
the issuance by the City of general obligation bonds in the
principal amount of not exceeding $1,200,000, bearing interest
at a rate or rates not to exceed the legal rate, and such
Resolution having further provided and did direct that notice
of such election be given by publication in accordance with
law; and
WHEREAS, due and regular notice of such bond election has
been published in the Cocoa Tribune, a newspaper of general
circulation within the City of Cape Canaveral and published in
Brevard County, Florida, said publication having been made once
each week for four consecutive weeks with the first publication
thereof not less than thirty (30) days prior to the date of
such special election, to -wit: March 29, 1966; and
WHEREAS, pursuant to the aforesaid Resolution calling said
election and in accordance with law, the question stated in
said Resolution was submitted to the qualified electors residing
in said City who were freeholders and who had specially re-
registered for participation therein on March 29, 1966; and
OR 6.67
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MICROFILMED 3.13.80
WHEREAS, the said election was duly and properly held in
accordance with law, and the votes cast thereat were returned,
delivered, and canvassed according to law, and such election
reflected that the Special Freeholder Election conducted on
March 29, 1966, had as its result 202 voters voting in favor of
the special ad valorem bond issue and 108 voters against the
said issue, with 310 voters participating, and
WHEREAS, subsequent to such Special Freeholder Election,
the City validated by decree of the Circuit Court of Brevard
County $1,200,000 of Storm Drainage General Obligation Bonds,
Series of 1966, and
WHEREAS, subsequent to such validation, the City has
properly and with authorization of law sold and delivered such
bonds and
WHEREAS, such storm drainage project is now under construc-
tion within the City and practically completed according to the
plans and specifications on file with the City and
WHEREAS, it is now the duty and incumbent upon this Council
to prescribe the tax millage to be assessed against all non-
exempt real property within the City for the purpose of financing
the debt service, principal payments, and other proper costs of
said Storm Drainage General Obligation Bonds, Series of 1966,
and
WHEREAS, the City's fiscal agent, William R. Hough and
Company, has duly notified the City that the sum of $65,038 is
necessary to defray the February 1, 1968, interest payment;
the August 1, 1968, interest payment; the principal payment of
August 1, 1968; and the collection and delinquency expenses in
regard to such ad valorem tax requirement and
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WHEREAS, the Honorable Clark Maxwell, Tax Assessor for
Brevard County, Florida, having been previously authorized and
appointed as the Tax Assessor of the City of Cape Canaveral,
Florida, advises that the total value of assessable real
property within the City of Cape Canaveral, Florida, is in the
amount of $19,959,350 and that the non - exempt taxable property
located within the City of Cape Canaveral is in the amount of
$18,574,170 and
WHEREAS, in order to defray the total expenses of $65,038,
it is necessary to levy an ad valorem tax in the amount of 3.5
mills.
NOW THEREFORE BE IT ORDAINED by the City Council of the
City of Cape Canaveral, Florida, as follows:
Section 1. There shall be andis hereby assessed against
all non - exempt real taxable property located within the City of
Cape Canaveral, Florida, an ad valorem tax in the amount of 3.5
mills, for the City's taxable year 1967 - 1968.
Section 2. The Tax Assessor and Tax Collector of Brevard
County, Florida, who have been previously appointed and com-
missioned as the Tax Assessor and Tax Collector of the City of
Cape Canaveral, Florida, are hereby authorized and directed to
assess such ad valorem tax in such amount as authorized in
Section 1 hereof and collect the same.
Section 3. This ordinance will take effect immediately
upon its adoption.
ADOPTED by the City Council of the City of Cape Canaveral,
Florida, this 17th day of October 1967. '
Mayor
ATTEST:
V�rkty erk
Approved as to form: First Reading: October 4, 1967
Second Reading: October 17, 1967
Posted: October 5, 1967
City Attorney
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