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ORDINANCE NO. 990236
Levying taxes for the Fiscal Year 1999-2000 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,
1999; 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
1999-2000, commencing on the first day of May, 1999, in the total amount of one
dollar and thirty-six cents ($1.36) per hundred dollars, be and the same are
hereby levied on all property within the jurisdiction of Kansas City, Missouri,
subject to taxation on January 1, 1999, under the Constitution and laws of the
State of Missouri, both real and tangible personal, subject to the provisions
contained in Section 2 hereof, as follows, to-wit:
FIRST: A general tax of sixty-eight cents
($.68) 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 forty-nine
cents ($.49) on each hundred dollars of assessed valuation of all such taxable
property is levied and imposed for municipal operating expenses for hospitals
and public health purposes, to be credited to the Health Levy Fund.
THIRD: The Council, pursuant to
authority granted under Section 92.031, R.S.Mo. in the alternative, elects to
and does hereby levy and impose a tax for debt service of seventeen cents
($.17) 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 1999-2000 and for the payment of all
interest becoming due and payable in the Fiscal Year 1999-2000, 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 two cents
($.02) 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 County Assessor for the Fiscal Year 1999-2000, 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 1999.
(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.
___________________________________
Director
of Finance
Approved
as to form and legality:
___________________________________
Assistant
City Attorney