HomeMy WebLinkAboutOrdinance 127
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AN ORDINANCE APPROPRIATDW pJJD ALLOCATING ALL REVENUE AND FUNDS OF
THE CITY OF OCOEE, FLORIDA, FOR THE TAX YEAR BEGINNING ON NO\iD:1BERl,
: 1953, AND ENDING ON OCTOBER 31, 1954.
WHEREAS, the total amount necessary, as detennined by the City
Council of the City of Ocoee, Florida, to defray the actual operating
expenses, debt service requirements, and improvement expenses, of the
municipal government of said City for the tax collection year which
begins on November 1, 1953, and which ends on October 31, 1954, is the
sum of $27,122.14, and
WHEREAS, the total debt service requi~ents of the said qity
for said year amounts to the sum of $6835.62, all of which sum is levied
and is now allocated and appropriated to the payment of the principle
and interest upon said City's' Bonds and interest, and
WHEREAS, the total amount necesllary for the op~ratingexpenses
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of said City for said year is the's-qrn of $17,436.52, and
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WHEP.EAS, a tax levy of 15 mills has been levied upon all prop-
e:rt.y wi thin Vie said City for debt service requirements, and a further
tax levy of 4.9 mills has been levied upon all property wi thin the said
Ci ty which is not exempt fram taxation according to the Constitution
and Laws of the State of Florida, and
WHEREAS, it is anticipated that there will be available for
use and disbursement from the genere~ fund of said City, revenue and
funds from the following sources and in the following amounts:
Ad valorem tax
Cigarette tax
Water collection
Rents '
Fines & Forfeitures
Licenses
Miscellaneous
Utili ty tax
$ 1,221.52
2,850.00
7,000.00
480 ~oo
1,400.00
785.00
200.00
3.500.00
$17,436.52
and,
WHEREAS, it is anticipated that there will be available for
use and disbursement from the interest and sinking fund of ~aid City for
satisfaction of the debt service requirements for the said year, theStim
of $6,835.62, framthe aforesaid tax levy of 15 mills, and,
WHEREAS, it is anticipated that there will be available for use
and disbursement in accordance with the tenor and effect of Section 2l0.0:3(5)
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from the Cigarette Tax Ftmd, the sum of $2,850.00 from Cigarette Tax
Revenue,
NOW THEREFORE, BE IT ORDAINED BY THE CITY COillTCIL OF THE CITY
OF OCOEE:
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Section 1, That the sum of $6,835.62, or such portion thereof
as may be realized from the collection of the tax 1e~ed for debt service
as aforesaid, be and the same is allocated and appropriated to the full
satisfaction of current debt service requirements for the year beginning
November 1, 1953, and in f'Ull confonnity witbtbe . tenor and effect of
that certain resolution of said City a\1.tb.CII~'f'", thtt i'lIUnce of its
as may be realized from the collection d(
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above
Bonds of all issues.
Section 2 . That the sum of Uq,>'
set forth be, and it hereby is allocated fand
Fund of said City, for disbursement in conforma.",>',,:
the Charter of said City during the tax colle'ction yeath~'(lg
General
of
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November 1, 1953.
Section 3. That the sum of $2,850.00, or such portion thereof
as may 00 realized . from the collection of Cigarette Tax Revenue, be and
it hereb;Y is, allocated and appropriated to the Cigarette Tax F\md of
saia Cif.ir, for disbursement in accordance with the tenor and effect of
Section210.03(S) Florida Statutes during the tax collection year begin-
ning November 1, 1953.
Section 4. That this Ordinance shall beeame effective immedi-
ately upon its becoming an Ordinance.
Section 5. That all ordinances and parts of o.~ees in con-
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nict herewith be, and are, to the extent
Attest:~~"H ~ ~
CLERK
(Corpo~e -Seal)-
I certifY that the foregoing is an ordinance of the
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Florida, duly adopted in open session and the same is hereQy submitted
for your approval.
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CITY CLERK' '. .....
(Seal) ,::>
Approved by the ~or this (Q da;y or<OC-t..,~e{:D,.~~;,,,- .
'K~~~~H
MAYOR '. \ . . .
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