HomeMy WebLinkAboutOrdinance 400
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ORDINANCE No. tflJO
AN ORDINANCE APPROPRIATING AND ALLOCATING THE REVENUE OF TEE CITY
OF OCOEE, FLORIDA;J FDR TIlE FISCAL YEAR BEGINNING NOVEMBER 1st, 1959,
AND ENDING OCTOBER 31st, 1960.
~lliER1!;AS, the City C01IDCil has heretofore ascertained and determined
tha t a sum of $7l.J., 892.25 is necess8.:t"y. to def'ray the operating ex-
penses 8.nd retirements of refunding bonds and interest thereon for
the fiscal year beginning November 1st, 1959, and ending October 31st,
1960; and
WHEREAS, the City Council has he:eetofore 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 Novembel' 1st,
1959, and ending October 31st, 1960; and .
WHEREAS, it is anticipated that there will be available fOl' use and
disbursement revenue and frulds from the following sources and in the
following amounts:
Ad Valorem tax
Cigarette tax
Utili t-y' te.x
Water revenue
Fines and Forfeitures
Licenses
JvIisce1laneous
Total
amd,
$16,530.37
9,943.59
9,819.38
27,800.91
7,763.50
1,500000
1,53~,,50
$7~", (j9 . 25
WBEREAS, the operating expenses, retipement of the City's Ref'undine
Bonds and payment of' interest thereon will be as f'ollows:
now theref'ore,
Police Department
Street Department
Clerk Sa1a.ry
Water Department
Power and Lights
Fil'e Departrnent
Of'fiee Expense
Legal Expense & Auditing
Telephone Service
Insurance & Surety Bonds
Bond Interest
Bond Retirement
Total
$11,000,,00
23,192.25
2,500.00
20,000.00
5,000.00
2,000.00
1,000.00
2,500.00
200.00
2,000.00
2,500.00
3l000.00
$7~., (j92 0 25
BE IT ORDAINED BY THE CITY COUNCIL OF THl:;; CITY OF OCOEE:
Section 1. That the sum of $3,000000 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' ref'unding bonds for the fiscal year beginning November 1st, 1959,
and ending October 31st, 1960.
Section 2. That the sum of' $2,500.00 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 F'und of' said City for pa-yment of
interest on the refnnding bonds for the fiScal year beginning
November 1st, 1959, and ending October 31st, 1960.
Section 3. That the sum of' $69.9392.25 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 f'und of said City fan disbursement of the oper'ating ex-
penses of said City in conformity to the proviSions of the Charter of
said City during the fiscal year beginning November 1st, 1959, and
ending October 31st, 1960.
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Section 4. That the S11l11 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 eff'ect of Chapter
210, Florida Statutes, dur1ing the fiscal year beginning November 1st,
19.59, and ending October 31st, 1960.
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 become 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 ordlnances in conflict here-
with are hereby repealed.
Section 8. Should any portion of' this ordinance be held invalid,
then such portion as are not declared to be infalid shall remain in
full f'orce and effect.
Done in open session at Ocoee, Orange County, Florida, this 20th
day of October, 19.59.
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. . esiden 0 Counci
A tte s t: _ (jj ~ ~YJ]t'..it.J
Approved by the Mayor this
20th day of October, 19.59.
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