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Legislation #: 100192 Introduction Date: 3/4/2010
Type: Ordinance Effective Date: 4/4/2010
Sponsor: None
Title: Levying taxes for Fiscal Year 2010-11 for General Revenue, Health Levy, Museum Special Revenue and General Debt and Interest Funds on all property in Kansas City subject to taxation on January 1, 2010; providing for the extension of such levies by the Director of Finance; and authorizing the collection by the Director of Finance.

Legislation History
DateMinutesDescription
3/4/2010 Filed by the Clerk's office
3/4/2010 Referred to Finance and Audit Committee
3/10/2010 Hold On Agenda (3/12/2010)
3/12/2010 Do Pass as a Committee Substitute
3/25/2010 Passed as Substituted

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FileTypeSizeDescription
100192.pdf Authenticated 120K AUTHENTICATED
100192 cs to org ord-com.docx Advertise Notice 16K compared version-comm sub to original ord
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=100192 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=100192
General, Health, Museum, Gen Debt and Int Levy Fiscal Note.xls Fiscal Note 41K Fiscal note
General, Health, Museum, Gen Debt and Int Levy Fact Sheet.xls Fact Sheet 31K Fact Sheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 100192

 

Levying taxes for Fiscal Year 2010-11 for General Revenue, Health Levy, Museum Special Revenue and General Debt and Interest Funds on all property in Kansas City subject to taxation on January 1, 2010; providing for the extension of such levies by the Director of Finance; and authorizing the collection by the Director of Finance.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That taxes for Fiscal Year 2010-11, commencing on the first day of May, 2010, in the total amount of one dollar fifty-two and ninety-four hundredth cents ($1.5294) per hundred dollars, shall be and are levied on all property within the City subject to taxation on January 1, 2010, under the Constitution and laws of the State of Missouri, both real and tangible personal, subject to the provisions contained in Section 2 of this ordinance, as follows:

FIRST: A general tax of sixty-six and sixty-three hundredth cents ($.6663) on each hundred dollars of the assessed valuation of all such taxable property is levied and imposed for municipal operating purposes, to be credited to the General Fund.

 

SECOND: A general tax of seventy and forty-six hundredth cents ($.7046) on each hundred dollars of assessed valuation of all such taxable property is levied and imposed for municipal operating expenses for hospitals and public health purposes, to be credited to the Health Levy Fund.

 

THIRD: The Council, pursuant to authority granted under Section 92.031, RSMo, in the alternative, elects to impose a tax for debt service of fourteen and zero hundredth cents ($.1400) on each hundred dollars of assessed valuation of all such taxable property, which tax is necessary for the maintenance of the General Debt and Interest Fund for the redemption of the outstanding general obligation bonds of the City maturing in Fiscal Year 2010-11 and for the payment of all interest becoming due and payable in Fiscal Year 2010-11, on the entire outstanding general obligation bond indebtedness of the City, except indebtedness upon which the principal and interest are payable or budgeted for payment from the General Fund, Water Operating Fund, Sewer Fund, and the Sewer Special Assessment Fund.

 

FOURTH: A general tax of one and eighty-five hundredth cents ($.0185) on each hundred dollars of the assessed valuation of all such taxable property for municipal museum purposes, to be credited to the Museum Special Revenue Fund.

Section 2. (a) In determining the amount of taxes levied by this ordinance upon property subject to such levy, the true value of such property shall be taken to be the valuation shown in the assessments returned by the Assessor for the county in which the property is located for Fiscal Year 2010-11, as equalized according to law; and this levy is made upon the basis of that valuation.

(b) The general taxes levied upon the real estate and tangible personal property, and other than the goods, wares and merchandise held by all merchants and raw material, merchandise, finished products, tools, machinery and appliances used or kept on hand by all manufacturers, shall be entered and extended by the Director of Finance in the land and tangible personal property tax records for 2010.

(c) The taxes herein levied above are levied at the levels authorized under the Missouri Constitution and Statutes upon the assessments as estimated at the time of levy, provided however, the Legislature having mandated equalization maintenance upon the receipt of equalized valuations, the Council shall proceed to revise and roll back, if required, the foregoing levy upon such equalized assessments in accordance with constitutional and statutory requirements and such taxes shall be extended, billed and collected in the manner provided by ordinance.

(d)               All taxes levied by this ordinance shall be collected by the Director of Finance.

_________________________________________

I hereby certify that the levy specified in the THIRD paragraph of Section 1 of the foregoing ordinance is necessary for the maintenance of the General Debt and Interest Fund for the payment of principal and interest on the outstanding general obligation bond indebtedness of Kansas City, as stated therein.

 

 

___________________________________

Randall J. Landes

Chief Financial Officer/Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Stephen Walsh

Assistant City Attorney