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ORDINANCE NO. 924
(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, 1973
FOR THE GENERAL CITY AND FOR THE PARKING AND
BUSINESS IMPROVEMENT AREA
THE CITY COUNCIL OF THE CITY OF SANTA MCN rcA DOES ORDAIN AS
FOLLOWS:
SECTION 1. For the purpose of raising the SumS of money nec-
essary to be raised by taxation 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 beginning July 1, 1973, 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 begin-
ning July 1, 1973, 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 in said City hereinafter de-
scribed and designated as District Number 1 are at the rates set opposite
the designations of the respective funds.
District Number 1: All that portion of the City of Santa
Monica included within the boundaries of the corporate limits Gf said
City.
CITY OF SANTA MONICA 1973-1974 TAX RATE TABLE
ASSESSED VALUE
TAXATION DISTRICT NO. 1
$309,487,565
General Fund
$0.0630
Special Tax Funds:
Music, Advertising and
Recreation
0.2620
0.0082
City Planning
.
e
Parks
0.2660
0.0153
0.2825
0.2780
Libraries
Welfare
Retirement
Bond Interest and Redemption
Funds:
Municipal Improvement of 1948 0.0082
Sewage Disposal of 1958
Total
0.0068
$1.19
SECTION 2. For the purpose of raising 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 addition to the taxes levied in Taxation
District Number 1, a tax is levied at the rate of $2.25 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 $7.954,515, 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 line of Wilshire
Boulevard, all in the City of Santa Monica. II
SECTION 3. The Mayor shall sign and the City Clerk shall
attest to the passage of this ordinance. The City Clerk shall cause
the same to be published once in the official newspaper within fifteen
days after its adoption. This ordinance shall take effect upon adoption
pursuant to Section 619 of the Charter of the City of Santa Monica.
ADOPTED this 21st day of
/
August... 1973. 0 !
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