HomeMy WebLinkAboutOrdinance 405
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ORDINANCE No .~,.ryt:?6=-
AN ORDINANCE APPROPRIATING AND ALLOCATING THE REVENUE OF THE CITY
OF OCOEE, FLORIDA, FOR THE FISCAL YEAR BEGINNING NOVHvlBER 1st, 1960,
AND ENDING OCTOBER 31st, 196iL
WHEREAS, the City Councilhas heretofore ascertained and determined
that a sum of $111,139.25 is necessary to defray the operating ex-
penses and retirements of refunding bonds and interest thereon for
the fiscal year beginning November 1st, 1960, and ending October 31st,
1961; and
WHEREAS, the City Council has heretofore fixed the rate of taxation
at 20 mills and levied said tax on the properties within the cor-
porate limits of the City for the fiscal year beginning November 1st,
1960, and ending October 31st, 1961; and
viliEREAS, it is anticipated that there will be available for use and
disbursement revenue and funds from the following sources and in the
following amounts:
Ad Valorem tax
Cigarette Tax
Utility Tax
Water Revenue
Fines & Forfietures
Licenses
Miscellaneous
Total
~27,320.37
, 15,975.00
14,(',63.61
39,236.00
9,429.00
2,563.00
1,752.27
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$111,139.25
and,
MIEREAS, the operating expenses, retirement of the City's Refunding
Bonds and payment of interest thereon will be as follows:
Police Department
Street Department
Clerk Salary
Water Department
Sanitation Department
Power and Lights
Fire Department.
Office Expense
Legal Expense and Auditing
Telephone Service
Insurance and Surety Bonds
Bond Interest
Bond Retirement
Total
$ 13,571.00
26,780.00
3,000.00
32,254.25
10,634.00
9,600.00
2,500.00
1,200.00
2,500.00
600.00
3,000.00
2,500.00
3,000.0~
$111,139.25
now therefore,
BE IT ORDAINED BY 'lHE CITY COUNCIL OP THE CITY OF OCOEE:
Section 1. That the sum of $3,000.00 or such portion thereof as
may be realized from the collection of anticipated revenue from the
Ad Valorem tax be, and the same is hereby, appropriated and allo-
cated to the Interest and Sinking Fund of said City for retirement
of refunding bonds for the fiscal year beginning November 1st, 1960,
and ending October 31st, 1961.
Section 2. That the sum of $2,500.00 o:c such portion thereof as
may be realized from the collection of anticipated revenue from the
Ad Valorem tax be, and the same is hereby, appropriated and allo-
cated to the Interest and Sinking Fund of said City for payment of
interest 6n the refunding bonds for the fiscal year beginning
November 1st, 1960, and ending October 31st, 1961.
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Section 3. That the sum of $105,639.25 or such portion thereof as
may be realized from the collection of anticipated revenue as above
set forth be, and the same is hereby, appropriated and allocated to
the general fund of said City for disbursem.nt of the operating ex-
penses of said City in conformity to the provisions of the Charter of
said City during the fiscal year beginning November 1st, 1960, and
ending October 31st, 1961.
Section 4. That the sum realized from the collection of Cigarette
Tax Revenue be, and the same is hereby, appropriated and allocated
for disbursement in accordance with the tenor and effect of Chapter
210, Florida Statues, during the fiscal year beginning November 1st,
1960, and ending October 31st, 1961.
Section 5. Copies of this ordinance shall be posted as provided for
by law and the Charter of the City of Ocoee.
Section 6. This ordinance shall becom.effective immediately upon
its passage and approval by the Mayor, or upon its otherwise becom-
ing a law.
Section 7. All ordinances and parts of ordinances 1n conflict here-
with are hereby repealed.
Section H. Should any portion of this ordinance be held invalid,
then such portion as are not declared to be invalid shall remain in
full force and effect.
Done,fn open session at Ocoee, Orange County, Florida, this ~
day of tt//rL:;;~f>(j '.___' 1960.
Attest: ~.U:1:;a&', 'J?7<~
Clerk
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Pr dent a. Council
~P~oved by t~e ~ay.o.r this
J.L.:.. a a y 0 f -1f.::c/;;; ):; ,U ,1960 .
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