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AN ORDINANCE PROVIDING A BUDGET FOR EXPENSES FOR THE
GENERAL OBLIGATION BONDED DEBT SERVICE OF THE CITY
OF CLERMONT FOR THE FISCAL YEAR OF 1966-67 AND MAKING
APPROPRIATIONS THEREFORE; PROVIDING A TAX LEVY ON ALL
PROPERTY IN THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA,
FOR THE YEAR 1966, FOR FUNDING THE GENERAL OBLIGATION
BONDED DEBT SERVICE.
BE IT ORDAINED AND ESTABLISHED BY THE CITY COUNCIL OF THE
CITY OF C~ERMONT, FLORIDA:
SECTION I. IT IS HEREBY FOUND AND DETERMINED BY THE CITY
COUNCIL OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA,'THAT THE
FOLLOWING SUMS OF MONEY, OR AS MUCH THEREOF AS MAY BE AUTHORIZED BY
LAW, AS MAY BE NEEDED OR DEEMED NECESSARY TO DEFRAY ALL EXPENSES AND
LIABILITIES OF THE CITY OF CLERMONT IN FUNDING THE CITY'S GENERAL
OBLIGATION BONDED DEBT SERVICE BE AND THE SAME IS HEREBY APPROPRIATED
FOR THE CORPORATE PURPOSES AND OBJECTS OF SAID CITY HEREINAFTER
SPECIFIED FOR THE FISCAL YEAR COMMENCING ON THE 1st DAY OF NOVEMBER,
1966, AND ENDING ON THE 31st DAY OF OCTOBER, 1967:
GENERAL OBLIGATION
BONDED DEBT SERVICE EXPENSES
REDEMPTION OF GENERAL OBLIGATION BONDS--------------$
INTEREST ON GENERAL OBLIGATION BONDS (COUPONS)------$
$
13,000.00
1,080.00,~
14,080.00
SECTION 2. IT IS HEREBY FOUND AND DETERMINED BY THE CITY
COUNCIL OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA, THAT THE
REVENUE REQUIRED TO FUND THE APPROPRIATION MADE IN SECTION I HEREOF
SHALL COME FROM THE FOLLOWING SOURCES:
REVENUE FOR
GENERAL OBLIGATION BONDED DEBT SERVICE
PROPERTY TAX LEVY-GENERAL OBLIGATION BONDS
AND INTEREST----------------------------------------$
FROM RESERVE FOR GENERAL OBLIGATION BONDED
-INDEBTEDNESS----------------------------------------$
$
2,783.26
11,296,74
14,080.00
SECTION 3. IT IS HEREBY FOUND AND DETERMINED BY THE CITY
COUNCIL OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA, THAT THE TOTAL
OF THE ASSESSMENT ROLL OF THE CITY OF CLERMONT, FLORIDA, FOR THE
YEAR 1966, AS PREPARED BY THE TAX ASSESSOR OF THE SAID CITY, AND AS
EQUALIZED AND CONFIR}ŒD BY THE CITY COUNCIL IS:
REAL PROPERTY-------------------------------_______ $
BUSINESS AND HOUSEHOLD PERSONAL PROPERTY----------- $
$
19,395,280.00
1,560,400.00
20,955,680.00
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AND THAT THE FOLLOWING DEDUCTION MUST BE MADE FROM SAID ASSESSMENT
ROLL IN ORDER TO ARRIVE AT THE VALUE OF ALL PROPERTY SUBJECT TO
GENERAL OBLIGATION BOND DEBT SERVICE:
EXEMPT PROPERTY
(GOVERNMENT, COUNTY, CITY, STATE
AND CHURCH OWNED)------------------$1,356,280.00
WIDOWS AND DISABILITY
EXEMPTION -------------------------$ 72,000.00
$1,428,280.00----$1,428,280.00
$19,527,400.00
THEREBY LEAVING AN ASSESSMENT ROLL HAVING A TOTAL VALUE OF NINETEEN
MILLION FIVE HUNDRED TWENTY SEVEN THOUSAND FOUR HUNDRED DOLLARS
($19,527,400.00) SUBJECT TO GENERAL OBLIGATION BONDED DEBT SERIVCE,
AND EACH MILL LEVIED TIIEREON, SHOULD PRODUCE, BASED ON NINETY FIVE
PER CENT (95%) COLLECTION, EIGHTEEN THOUSAND FIVE HUNDRED FIFTY
FIVE DOLLARS AND TEN CENTS ($18,555.10) IF SO COLLECTED.
SECTION 4. IT IS HEREBY FOUND AND DETERMINED BY THE CITY
COUNCIL OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA, THAT TO
RAISE THE SUM OF TWO THOUSAND SEVEN HUNDRED EIGHTY THREE DOLLARS AND
TWENTY SIX CENTS ($2,783.26) REQUIRED FOR GENERAL OBLIGATION BONDED
DEBT SERVICE AND SERVICE CHARGES THEREON (EXCLUDING THE SUM OF
ELEVEN THOUSAND TNO HUNDRED NINETY SEVEN DOLLARS AND THIRTY FIVE
CENTS ($11,297.35) HEREIN APPROPRIATED FROM RESERVES) ANTICIPATING
UNCOLLECTED TAXES, A TAX LEVY OF FIFTEEN ONE HUNDREDS OF ONE MILL
(.15) IS REQUIRED TO BE LEVIED AS FOLLOWS:
FOR INTEREST AND FOR GENERAL OBLIGATION BONDED
INDEBTEDNESS (GENERAL OBLIGATION
BOND DEBT SERVICE)----------------------.15 MILL----$2,783.26
SECTION 5. THERE IS HEREBY LEVIED AND SHALL BE COLLECTED ON
EACH DOLLAR OF TAXABLE PROPERTY IN THE CITY OF CLERMONT, FLORIDA,
AND IN THE AREAS EXCLUDED FROM SAID CITY BY CHAPTER 211.52, ACTS OF
LEGISLATURE 1941, FOR INTEREST AND BONDED INDEBTEDNESS ON ALL
PROPERTIES IN SAID CITY, NOT HEREIN EXEMPT AS PROVIDED HEREIN, AND
ON ALL EXCLUDED PROPERTY AS PROVIDED HEREIN, A TAX OF FIFTEEN ONE
HUNDREDS OF ONE MILL.
SECTION 6. THE TAX ASSESSOR OF THE CITY OF CLERMONT IS HEREBY
DIRECTED TO EXTEND THE ASSESSMENT ROLL OF SAID CITY HERETOFORE
EQUALIZED, CONFIRMED, AND APPROVED BY THE CITY COUNCIL IN ACCORDANCE WITH
THE MILLAGE PROVIDED IN SECTION 5 OF THIS ORDINANCE, AND TO DELIVER
SAME TO THE TAX COLLECTOR AND CITY CLERK OF THE CITY, AND THE TAX
COLLECTOR AND CITY CLERK ARE 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, FLORIDA
SECTION 7. NO MONIES COLLECTED FOR THE INTEREST AND FOR THE
GENERAL OBLIGATION BONDED INDEBTEDNESS SHALL BE USED FOR ANY OTHER
PURPOSE OTHER THAN PAYING THE INTEREST ON THE GENERAL OBLIGATION
BONDED INDEBTEDNESS OF THE SAID CITY FALLING DUE DURING THE CALENDAR
YEAR OF 1967; AND FOR THE RETIREMENT OF THE PRINCIPAL BOND INDEBTEDNESS
IN SUCH MANNER AS THE COUNCIL MAY HEREAFTER DETERMINE, OR AS THE CITY
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IS OBLIGATED TO PAY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET
FORTH IN ITS GENERAL OBLICATION BONDS.
SECTION 8. THIS ORDINANCE SHALL BECOME EFFECTIVE IMMEDIATELY
UPON ITS PASSAGE AND APPROVAL BY THE MAYOR.
PASSED AND ADOPTED ON THE J 17N DAY OF OCTOBER, 1966.
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~SIDENTOF CITY COUNCIL
OF CITY OF CLERMONT, FLORIDA
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RECEIVED AND APPROVED by me this /.;? ~ day of October, 1966.
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fke.4,~JJ:d.
FLORIDA
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CERTIFICATE OF POSTING
I HEREBY CERTIFY that a Certified copy of the foregoing
ordinance was posted on the Public Municipal Bulletin Board for a
period of not less than one (1) week, as required under the charter of
the City of Clermont, beginning Of! T I:;¡ 7" H
1966.
DATED OeTolòê/7
, 1966
FLORIDA
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