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MISC. ORDINANCES
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AN ORDINANCE PROVIDING A BUDGET FOR EXPENSES FOR
THE GENERAL OBLIGATION BONDED DEBT SERVICE OF THE
CITY OF CLER110NT FOR THE FISCAL YEAR OF 1964-65
AND l1AKING APPROPRIATIONS THEREFOR; PROVIDING A
TAX LEVY ON ,ALL PROPERTY IN THE CITY OF CLERNONT,
LAKE COUNTY, FLORIDA, FOR THE YEAR 1964, FOR
FUNDING THE GENERAL OBLIGATION BONDED DEBT SERVICE.
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BE IT ORDAINED AND .ESTABLISHED BY THE CITY COUNCIL
OF THE CITY OF CLERNONT, FLORIDA:
SECTION 1. IT lS HEREBY FOUND AND DETERNINED BY THE
ClTY COUNClL OF THE ClTY OF CLERNONT, LAKE COUNTY, FLORlDA,
THAT THE FOLLOWlNG SUNS OF NONEY, OR AS NUCH THEREOF AS NAY
BE AUTHORIZED BY LAW, AS NAY BE NEEDED OR DEENED NECESSARY
TO DEFRAY ALL EXPENSES AND LIABlLlTIES OF THE ClTY OF
CLERNONT IN FUNDlNG THE CITylS GENERAL OBLlGATlON BONDED
DEBT SERVlCE BE AND THE SANE IS HEREBY APPROPRlATED FOR THE
CORPORATE PURPOSES AND OBJECTS OF SAlD ClTY HERElNAFTER
SPECIFIED FOR THE FlSCAL YEAR CONNENClNG ON THE 1ST DAY OF
NOVENBER, 1964, AND ENDlNG ON THE 31sT DAY OF OCTOBER, 1965:
GENERAL OBLIGATION
BONDED DEBT SERVICE EXPENSES
REDENPTlON OF GENERAL OBLlGATlON BONDS----------$ 20,000.00
INTEREST ON GENERAL OBLlGATION BONDS (COUPONS)--$ 2,010.00
COLLECTION FEES-10%-----------------------------$ 2~~~g:ig
SECTION 2. IT lS HEREBY FOUND AND DETERNlNED BY THE
ClTY COUNCIL OF THE ClTY OF CLERNONT, LAKE COUNTY, FLORlDA,
THAT THE REVENUE REQUlRED TO FUND THE APPROPRIATrON NADE IN
SECTlON 1 HEREOF SHALL CONE FRON THE FOLLOWlNG SOURCES:
REVENUE FOR
GENERAL OBLIGATION BONDED DEBT SERVICE
PROPERTY TAX LEVy-GENERAL OBLlGATlON BONDS
AND INTEREST------------------------------------$ 18,151.03
FROff RESERVE FOR GENERAL OBLIGATION BONDED
INDEBTEDNESS------------------------------------$ 9 674.07
$ 2~ 825.10
SECTION 3. IT lS HEREBY FOUND AND DETERNINED BY THE
ClTY COUNCIL OF THE CITY OF CLERNONT, LAKE COUNTY, FLORlDA,
THAT THE TOTAL OF THE ASSESSNENT ROL~ OF THE ClTY OF CLERNONT,
FLORlDA, FOR THE YEAR 1964, AS PREPARED BY THE TAX ASSESSOR
OF THE SAID CITY, AND AS EQUALlZED AND CONFIRNED BY THE CITY
COUNClL IS:
REAL PROPERTY--------------------------------$19,029,330.00
BUSrNESS AND HOUSEHOLD PERSONAL PROPERTY-----$ 1,399,700.00
$20,429,030.00
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MISC. ORDINANCES
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AND THAT THE FOLLOWlNG DEDUCTlON NUST BE NADE FRON SAlD
ASSESSNENT ROLV IN ORDER TO ARRlVE AT THE VALUE OF ALL
PROPERTY SUBJECT TO GENERAL OBLlGATlON BOND DEBT SERVlCE:
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EXENPT PROPERTY
(GOVERNNENT, COUNTY, ClTY 'I
AND CHURCH OWNED)-----------$1,251,680.00
WlDOWS AND DlSABILlTY ø~
EXENPTION-------------------$ 71,000.00
$1,322,680.00----$ 1,322,680.00
, $19,106,350.00'
THEREBY LEAVlNG AN ASSESSNENT ROLL' HAVING A TOTAL VALUE OF
NINETEEN NlLLlON ONE HUNDRED SIX THOUSAND THREE HUNDRED FlFTY
DOLLARS ($19,106,350.00) SUBJECT TO GENERAL OBLlGATION BONDED
DEBT SERVICE, AND EACH NlLL LEVlED THEREON, SHOULD PRODUCE,
BASED ON NINETY/~É~ECENT (95%) COLLECTION, EIGHTEEN THOUSAND
ONE HUNDRED FlFTy-ONE DOLLARS THREE CENTS ($18,151.03), IF so
COLLECTED. 'I'~ 'S I ,0 -
SECTION 4. IT IS HEREBY FOUND AND DETERNINED BY THE
ClTY COUNClL OF THE CITY OF CLERNONT, LAKE COUNTY, FLORlDA, THAT
TO RAISE THE SUN OF EIGHTEEN THOUSAND ONE HUNDRED FIFTy-ONE
DOLLARS THREE CENTS ($18,151.05)REQUlRED FOR GENERAL OBLIGATlON
BONDED DEBT SERVlCE AND SERVlCE CHARGES THEREON (EXCLUDlNG
THE SUN OF SEVEN THOUSAND SlX HUNDRED SEVENTy-FOUR DOLLARS
SEVEN CENTS ($7,674.07) HERElN APPROPRIATED FRON RESERVES)
ANTIClPATlNG UNCOLLECTED TAXES, A TAX LEVY OF ONE (1) NlLb
IS REQUIRED TO BE LEVIED AS FOLLOWS:
FOR INTEREST, SlNKlNG FUND AND
RESERVE, FOR GENERAL OBLlGATlON BONDED
INDEBTEDNESS (GENERAL OBLlGATlON
BOND DEBT SERVlCE)---------n--n---l NrLL-------$ 18,151.03
SECTION 5. THERE lS HEREBY LEVIED AND SHALL BE
COLLECTED ON EACH DOLLAR OF TAXABLE PROPERTY IN THE CITY OF
CLERNONT, FLORlDA, AND IN THE AREAS EXCLUDED FRON SAID ClTY
BY CHAPTER 211.52, ACTS OF LEGlSLATURE 1941, FOR INTEREST
AND,SlNK'lNG -FUND" AND-RESERVE-FOR- BONDED INDEBTEDNESS ON ALL
PROPERTIES IN SA ID ClTY, 'NOT HEREIN EXENPT AS PROVIDED HEREIN,
AND ON ALL EXCLUDED PROPERTY AS PROVIDED HEREIN, A TAX OF ONE-
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NlLL. ./"
SECTION 6. THE TAX ASSESSOR OF THE CITY OF CLERNONT
lS HEREBY DlRECTED TO EXTEND THE ASSESSNENT ROL~ OF SAlD ClTY
HERETOFORE EQUALlZED, CONFlRNED, AND APPROVED BY THE ClTY
COUNCIL IN ACCORDANCE WlTH THE NILLAGE PROVlDED IN SECTlON 5
OF THlS ORDINANCE, AND TO DELlVER SANE TO THE TAX COLLECTOR
AND CITY CLERK OF THE ClTY, AND THE TAX COLLECTOR AND ClTY
CLERK ARE HEREBY DlRECTED TO COLLECT THE SAlD TAXES AT THE
TlNE AND IN THE NANNER PROVlDED BY LAW AND THE GENERAL ORl:JlNANCES
OF THE CITY OF CLERNONT, FLORIDA.
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MISC. ORDINANCES
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SECTION 7. No NONlES COLLECTED FOR THE INTEREST AND
SlN[(l,~Tr. Ji'(TNJ) AND RESEFWE FOR THE GENERAL OBLlGATlON BONDED
INDEBTEDNESS SHALL BE USED FOR ANY OTHER PURPOSE OTHER THAN
PAYING -iT"'TR'ST:, :'TEN PERCENTUN (10%)--T-HEREOF -FOR_B.O,OK[('EEPl,NG~
ANDADNlNlSTRA-T-lON-CHARGES-; SEC-OJVJlL.Z, THE lNTEREST ON THE
GENERAL OBLlGATlON BONDED INDEBTEDNESS OF THE SAlD ClTY FALLlNG
DUE DURING THE CALENDAR YEAR OF 1965; AND, 'TH-lcRD, FOR THE
RETIRENENT OF THE PRINClPAL BOND INDEBTEDNESS IN SUCH NANNER
AS THE COUNCIL NAY HEREAFTER DETERNlNEj OR AS THE ClTY lS
OBLlGATED TO PAY IN ACCORDANCE WITH THE TERNS AND CONDlTlONS
SET FORTH IN lTS GENERAL OBLlGATlON BONDS.
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SECTION.JJ..,.. THIS ORDlNANCE SHALL BECONE EFFECTlVE
INNEDIATELY UPON lTS PASSAGE AND APPROVAL BY THE NAYOR.
PASSED AND ADOPTED ON THE ;In DAY OF OCTOBER, 1964.
~NT(- ~F CITY COUN L
OF CITY OF CLERNONT, FLORIDA.
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RECEIVED AND APPROVED BY NE THlS .::<. ê) DAY OF
OCTOBER, 1964.
On~lìl~ ~C'L.A)
N~R fF ClTY OF ciì'G:';;;;NT,
CERTIFICATE OF POSTING
FLORIDA
I HEREBY CERTIFY THAT A CERTlFlED COpy OF THE FORE-
GOlNG ORDINANCE WAS POSTED ON THE PUBLlC NUNlClPAL BULLETIN
BOARD FOR A PERIOD OF NOT LESS THAN ONE (1) WEEK, AS REQUlRED
UNDER THE CHARTER OF THE ClTY OF CLERNONT, BEGlNNlNG
(/fJ7o/3E/? ..:2/ , 1964.
DATED: #0 tJ
/rC:"
, 1964.
OF ERNO NT< FL OR IDA.
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