HomeMy WebLinkAboutResolution No. 1972-34RESOLUTION 72 -34
A RESOLUTION ADOPTING 1972 -1973 VALUATION OF
PROPERTIES, FOR PURPOSES OF STORM DRAINAGE AD
VALOREM TAXATION; SETTING AND PRESCRIBING RATE
OF AD VALOREM TAXATION IN SUPPORT OF THE STORM
DRAINAGE PROGRAM; PROVIDING AN EFFECTIVE DATE."
WHEREAS, HERETOFORE THE CITY OF CAPE CANAVERAL, PURSUANT
TO LAW, HAS SOLD AND DELIVERED STORM DRAINAGE GENERAL OBLIGATION
BONDS, SERIES OF 1966, AND
WHEREAS, PURSUANT TO THE REQUIREMENT OF SAID BOND ISSUE
IT IS 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, DULY NOTIFIED FOE CITY THAT THE SUM OF $85,382.50, IS
NECESSARY TO DEFRAY THE FEBRUARY 1, 1972 INTEREST PAYMENT; THE AUGUST 1,
1972 INTEREST PAYMENT; THE PRINCIPAL PAYMENT OF AUGUST 1, 1972; AND
THE COLLECTION AND DELINQUENCY EXPENSES IN REGARD TO SUCH AD VALOREM
TAX REQUIREMENT; AND
WHEREAS, THE 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 NON- EXEMPT TAXABLE
PROPERTY LOCATED WITHIN THE CITY OF CAPE CANAVERAL IS IN THE AMOUNT OF
S28,110,209, AND
WHEREAS, IN ORDER TO DEFRAY THE TOTAL EXPENSES OF $85,382.50,
IT IS NECESSARY TO LEVY AN AD VALOREM TAX IN THE AMOUNT OF 3 MILLS.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF CAPE CANAVERAL, FLORIDA, AS FOLLOWS:
SECTION.1. THE VALUATION OF ALL THE REAL PROPERTIES LOCATED
WITHIN THE CITY OF CAPE CANAVERAL, FLORIDA, AS SHALL BE PREPARED BY THE
OFFICE OF THE TAX ASSESSOR OF BREVARD COUNTY, FLORIDA, IS HEREBY
ADOPTED AND DECLARED THE OFFICIAL TAX VALUATION FOR THE CITY. THE
SAID VALUATION OF ALL REAL PROPERTIES AS BEFORE MENTIONED IS HEREBY
DESIGNATED AS THE TAX ROLL FOR THE CITY OF CAPE CANAVERAL, FLORIDA,
FOR THE TAX YEAR OF 1972 THROUGH 1973.
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SECTION 2 . THERE SHALL BE AND IS 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 MILLS, FOR
THE CITY ' S TAXABLE YEAR 1972-1973 .
SECTION 3 . THE TAX ASSESSOR AND TAX COLLECTOR OF BREVARD
COUNTY, FLORIDA, WHO HAVE BEEN PREVIOUSLY APPOINTED AND COMMISSIONED
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 2 HEREOF AND COLLECT THE
SAME .
SECTION 4 . THIS RESOLUTION SHALL TAKE EFFECT IMMEDIATELY
UPON ITS ADOPTION.
ADOPTED THIS 15TH DAY OF AUGUST 1972 .
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MAY,'
ATTEST :
C Y CLERK ;0`
APPROVEf); ;76 FOM :
LA-4j 609
C TY ATTORNEY
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