ORDINANCE NO. 051213
Levying taxes for the Fiscal Year 2005-2006 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, 2005;
providing for the extension of such levies by the Commissioner of Accounts;
and authorizing the collection thereof by the City Treasurer.
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That
taxes for the Fiscal Year 2005-2006, commencing on the first day of May, 2005,
in the total amount of one dollar fifty and fifty-five hundredth cents
($1.5055) per hundred dollars, be and the same are hereby levied on all
property within the jurisdiction of Kansas City, Missouri, subject to taxation
on January 1, 2005, under the Constitution and laws of the State of Missouri,
both real and tangible personal, subject to the provisions contained in Section
2 hereof, as follows, to-wit:
FIRST:
A general tax of sixty-five and nineteen hundredth cents ($.6519) 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 sixty-nine and forty-six hundredth cents ($.6946) on each
hundred dollars of assessed valuation of all such taxable property is levied
and imposed for municipal operating expenses for hospitals and public health
purposes, to be credited to the Health Levy Fund.
THIRD:
The Council, pursuant to authority granted under Section 92.031, RSMo, in the
alternative, elects to and does hereby levy and impose a tax for debt service
of fourteen and zero hundredth cents ($.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 Kansas City maturing in the Fiscal Year
2005-2006 and for the payment of all interest becoming due and payable in the
Fiscal Year 2005-2006, on the entire outstanding general obligation bond
indebtedness of Kansas City, except indebtedness upon which the principal and
interest are payable or budgeted for payment from the General Fund, Water Operating
Fund, Sewer Fund, Sewer Special Assessment Fund, and the Street and Avenue
Special Assessment Fund.
FOURTH:
A general tax of one and ninety hundredth cents ($.0190) 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 the Fiscal Year 2005-2006, as equalized according to
law; and this levy is made upon the basis of that valuation.
(b) The
general taxes hereby 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 Commissioner of Accounts in the land and tangible personal
property tax records for 2005.
(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 duly collected by the City Treasurer or
the appropriate County Collector.
___________________________________________________
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.
___________________________________
Wanda Gunter
Acting Director
of Finance
Approved as to
form and legality:
___________________________________
William Geary
Assistant City Attorney