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O1067 e <t , ORDINANCE NO. 1067 (CC5) (CITY COUNCIL SERIES) AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA FIXING THE RATES OF TAXES AND LEVYING TAXES FOR THE FISCAL YEAR BEGINNING JULY 1, 1977, FOR THE GENERAL CITY AND FOR THE PARKING AND BUSINESS IMPROVEMENT AREA. THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES HEREBY ORDAIN AS FOllOWS: SEcn ON 1. For the purpose of raising the sums of money necessary to be raised by taxat10n upon the taxable property of the City of Santa Monica as a revenue to carryon the various departments of said City for the fiscal year beg1nning July 1. 1977. the rates of taxes for the City of Santa Monica hereby are fixed and taxes are hereby levied on all taxable property in said City for the fiscal year beginning July 1. 1977. in the number of cents upon each One Hundred Dollars of assessed value of property as assessed by the County Assessor and equalized by the Board of Supervisors of the County of Los Angeles. and for the several funds and purposes set forth in the following table. The taxes levied upon property 1n said City hereinafter described and designated as District Number 1 are at the rates set Oppos1te the designations of the respective funds. District Number 1: All that portion of the City of Santa Monica 1ncluded within the boundaries of the corporate lim1ts of said City. CITY OF SANTA MONICA 1977-78 TAX RATE TABLE ASSESSED VALUE $ 485,089,090 TAXATION DISTRICT NO. S General Fund $ 0.2547 Special Tax Funds: Music. Advert1sing, and Recreation $ 0.0217 City Planning $ 0.0382 L1braries $ 0.1996 Parks $ 0.1571 Retirement $ 0.3787 TOTAL $ 1.05 ~~--....... ----- ~~ ~ ---.-':c . ".&' - _ :;llWi..._ _ _ f' _..~", It I SECTION 2. For the purpose of ralsing the sums of money necessary to be raised by an ad valorem tax upon all of the land and improvements (but excluding personal property) in the Parking and Business Improvement Area in addltion to the taxes levied in Taxation Distrlct Number 1, a tax is levled at the rate of $~ upon each $100.00 of assessed value of the property as assessed by the County Assessor and equalized by the Board of Supervisors of the County of Los Angeles. Said Parking and Business Improvement Area has an assessed valuation of $ 11,208,565 and is described as follows: "Bounded on the northeasterly side by the center line of 4th Court, the southeasterly side by the center line of Broadway, the southwesterly side by the center line of 1st Court, and the north- westerly side by the center of Wilshire Boulevard, all in the City of Santa Monci a. " SECTION 3. If any section, subsection. sentence, clause or phrase of this ordinance is for any reason held to be invalid or unconstitutlonal by a declsion of any court of competent jurisdiction, such decision shall not affect the validlty of the remaining portions of the ordinance. The City Council here- by declares that it would have passed this ordinance and each section, subsection, clause or phrase hereof, irrespectlve of the fact that anyone or more sections, subsections, clauses or phrases be declared invalid or unconstitutional. SECTION 4. The Mayor Shall sign and the City Clerk Shall attest to the passage of this ordinace. The City Clerk shall cause the same to be published once in the official newspaper within fifteen (15) days after its adoption. This ordinance shall take effect upon adoption pursuant to Section 619 of the Charter of the City of Santa Monica. -2- .<iiIto ,r - . e , ADOPTED and APPROVED this 23rd day of August, 1977. ATTEST: ~~ :)/ . bTY CLER..K ....... STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES) ss. CITY OF SANTA MONICA ) LO/MJJdt. J~ MAYOR I do hereby certify that the foregoing ordinance was duly and regularly introduced at a meeting of the City Council on the 23rd day of August 1977; that thereafter the said ordinance was duly adopted at a meeting of the City Council on the 23rd day of August 1977, by the followlng vote: AYES: Councilmembers . ~DES: Councilmembers' i\BSE':T: Councilmembers . APPROVED AS TO FORM: fJ1~L 'If . ~ , p CITY ATTORNEY Bambrick, Cohen. Reed, Scott, Tri ves . van den Steenhoven. Mayor Sw111k None None ~ CITY CLERK -3:_.