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<br />REG:ek 8/19/66 <br /> <br /> <br />ORD1.NANCE <br /> <br />NO.~ <br /> <br />AN ORDINANCE FIXING THE AMOUNT OF MONEY TO BE RAISED <br />BY TAXATION UPON THE TAXABLE PROPERTY WITHIN THE CITY <br />OF REDWOOD CITY AS REVENUE TO CARRY ON THE VARIOUS <br />DEPARTMENTS OF SAID CITY FOR THE FISCAL YEAR 1966-1967, <br />TO PAY THE BONDED INDEBTEDNESS OF SAID CITY FALLING <br />DUE AND BECOMING PAYABLE DURING SAID FISCAL YEAR <br />TOGETHER'V'lITH THE INTEREST THEREON, TO MAINTAIN THE <br />PUBLIC LIBRARY OF SAID CITY DURING SAID FISCAL YEAR, <br />TO PROVIDE FUNDS FOR THE RETIREMENT PLAN, AND FIXING <br />AND LEVYING THE TAX RATE THEREFOR <br /> <br />THE COUNCIL OF REDWOOD CITY DOES ORDAIN AS FOLLOWS: <br /> <br />SECTION 1. The total amount of money to be raised by taxa- <br />tion upon the taxable property within the City of Redwood City <br /> <br />to provide revenue to meet the general municipal expenses and to <br /> <br />carryon the various departments of said City for the fiscal <br /> <br />year July 1, 1966 - June 30, 1967; to pay the interest and princi- <br /> <br />pal upon all of the outstanding bonded indebtedness of said City, <br /> <br />due and becoming payable during said fiscal year; to maintain the <br /> <br />public library of said City during said fiscal year; and to pro- <br /> <br />vide funds for the City's contribution to the retirement plan <br /> <br />voted at the municipal election on April 9, 1940; is hereby fixed <br /> <br />at the total sum of TWo Million, Seventy-four Thousand, Three <br /> <br />Hundred Fifty-three Dollars ($2,074,353.00). <br /> <br />SECTION 2. The following general and special tax rates for <br /> <br />the areas hereinafter set forth are hereby levied and fixed for <br /> <br />the fiscal year July 1, 1966 - June 30, 1967, to raise the total <br /> <br />revenues set forth in Section 1 hereof in the amounts set forth <br /> <br />herein as follows, to wit: <br /> <br />(a) One Million, Six Hundred Twelve Thousand, Eight Hundred <br /> <br />Sixty-eight Dollars ($1,612,868.00) to meet the general munici- <br /> <br />pal expenses during said fiscal year and for deposit in the General <br /> <br />Fund of said City, and the general municipal tax rate therefor is <br /> <br />hereby levied and fixed at $1.3056 on each One Hundred Dollars <br /> <br />of the assessed value of all taxable property within the territor.ial <br />