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ORDINANCE NO. I:, 0
AN ORDINANCE PROVIDING A TAX LEVY ON PROPERTY
IN THE CITY OF CLERMONT FOR THE YEAR ~;19l/2.-
PROVIDING A BUDGET OF EXPENSES FOR THE ~ l":'c...-I' ~
1 q'f~';'194!J AND MAKING APPROPRIATIONS THEREFOR. f
BE IT OEDAINED BY THE CITY COUNCIL OF THE CITY OF CL~IONT:
SECTION 1. It is hereby found and determined by the
City Council that the following sums of money are required for
the operation of the government of the City of Clermont for
1e,;,CA.-f
the..¡year of 1942r 11'1.3:
For General Operating Expenses
$17,505.03
8,465.00
5,535.00
For Interest
Sinking Fund for Bonded Indebtedness
SECTION 2. It is further found and determined by
the City Council that the total of the Assessment Roll of the
City of Clermont for 1942, as prepared bJ' the City Tax Assessor
and as equalized, approved, and confirmed by the City Council
is, $1,257,144.00; that the following deductions from said
Assessment Roll must be made in order to arrive at the value
of property subject to taxation for Bond Debt Service:
(a) Widows .Exemptions $15,375.00
(b) State Owned Lands 72,080.00
( c) Disability Exemptions 225.00
(d) Delinquent Properties 118,300.00
Total $205,980.00
thereby leaving a total of $1,051,164.00 and each Mill thereon
will produce $1,051.16 if such taxes are collected in full;
that the reasonable expectancy of the collection of taxes is
95% of the total levy and based on said expectancy of collection,
eachM:l11 should produce ~~998.60; and, that the following de-
ductions from the Assessnlent Roll of $1,051,164.00 must be made
in order to arrive at the true valuation of property subject
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Page 2 of Ordinance No. I" 0
to taxation for General Operating Expenses:
(a) Homestead Exemptions
$350,132.50
19~295.00
$369,427.50
(b) Excluded Area (1941)
Total
thereby leaving a total of $681,736.50, and that each Mill
levied, based on an expectancy of collection of 95% should
produce $647.65.
SECTION 3. It is hereby found and determined by
the City Council of the City of Clermont that to raise the
above mentioned sums of money, a tax levy of 18 mills is re-
quired to be made as follows:
For General Fund
tor Interest & Sinking Fund,
and Reserve for Bonded In-
debtedness
4 Mi 11s
14 Mills
SECTION 4. There is hereby levied and shall be
collected on each dollar of taxable property in the City of
Clermont, a tax of 18 mills for the year 1942 as follows:
For General Fund
4 Mills
For Interest & Sinking Fund,
and Reserve for Bonded In-
debtedness
14 Mills
SECTION 5. The Tax Assessor of the City of Clermont.':"
is hereby directed to extend the Assessment Roll of the City
heretofore approved by the City Council in accordance with the
millage provided in Section 4 of this ordinance and to deliver
same to the City Chrk and Tax Collector r:i th his warrant
attached thereto. The City Clerk and Tax Collector is hereby
directed to collect the said taxes at the time and in the
manner provided by law and the general ordinances of the City
of Clermont.
SECTION 6. The monies raised by thls tax levy are
hereby appropriated for the purposes for which levied¡ and no
monies raised for the Interest and Sinking Fund, and Reserve
for Bonded Indebtedness, shall be used for any other purpose
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Page 3 of Ordinance No. b 0
than paying, first, the interest on indebtedness of the City
of Clermont falling due during the calendar year of 1943, and,
second, for the retirement of the principal of such indebtedness
in such manner as the Council may hereafter determine.
SECTION 7. This ordinance shall be effective immedi-
ately upon its passage and approval by the Mayor.
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Passed by the City Council at its Adjourned Regular
Meeting held on Tuesday, September 29th, 1942.
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ATTEST:
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City Clerk
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Received and approved by me this 29th day of September,
A. D., 1942.
4(V~
Mayor
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