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20945 ��'�titi1nuii"''',, .�`` 2014062455 Received: 10/22/2014 3:22:48 PM , GORM?' % Recorded: 10/2212014 03:29:08 PM Filed & .`� 4 O.' �f � '•, G% Recorded in Official Records of Larry Crane, v; PULASKI COUNTY CIRCUiT'COUNTY CLERK W c44. = Fees $25.00 1 ' .oG :f t• �'113!Y;ijog ,`') ORDINANCE NO. 20,945 •/nunni„'w 3 AN ORDINANCE TO ESTABLISH THE RATE OF TAXATION OF 4 PROPERTY FOR THE CITY OF LITTLE ROCK, ARKANSAS, TO BE 5 COLLECTED IN THE YEAR 2015 FOR VARIOUS FUNDS OF THE CITY 6 OF LITTLE ROCK,ARKANSAS; TO DECLARE AN EMERGENCY; AND 7 FOR OTHER PURPOSES. 8 9 WHEREAS, pursuant to Ark. Code Ann. § 26-73-202 (West 2010),the Board of Directors is required 10 to certify to the County Clerk the rate of ad valorem property tax to be levied on real and personal property 11 within the City of Little Rock, Arkansas, for the current year; and, 12 WHEREAS, pursuant to Ark. Code Ann. § 14-14-904 (West Interim Update 2011), upon the timely 13 receipt of this information from the City, the Pulaski County Quorum Court is mandated to make such a 14 levy at its regular November meeting in 2014; 15 NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY 16 OF LITTLE ROCK,ARKANSAS: 17 Section 1. The rates of taxation of real and personal property in the City of Little Rock, Arkansas 18 for certain City purposes are hereby fixed, established and levied as follows: 19 (a) For general purposes in order to carry on the affairs of the City Government under 20 Section 4, Article 12 of and Amendment 10 to the Constitution of Arkansas of 21 1874, there is hereby levied a tax of five(5)mills; 22 (b) For the purpose of paying bonds and interest as required for the bonds authorized 23 in Little Rock, Ark., Ordinance No. 20,603 (July 3, 2012), to repay the City of 24 Little Rock,Arkansas,Capital Improvement Bonds,approved at a special election 25 held on September 11, 2012,there is hereby levied a tax of three(3.0)mills; 26 (c) For the purpose of paying Policemen's Pensions in accordance with provisions of 27 Amendment No. 31 to the Constitution of the State of Arkansas, a tax of one (1) 28 mill; 29 (d) For the purpose of Paying Firemen's Pensions in accordance with the provisions 30 of Amendment No. 31 to the Constitution of the State of Arkansas adopted 31 November 5, 1940,and Act 16 of the acts of the General Assembly of the State of 32 Arkansas for the year 1941, a tax of one(1) mill; [Page 1 of 31 1 (e) For the purpose of maintaining the City Library, in accordance with the provisions 2 of Amendment No. 30 to the Constitution of the State of Arkansas, a tax of three 3 and three tenths(3.3)mills; 4 (f) For the purpose of paying bonds and interest as required for the City of Little Rock, 5 Arkansas, for Library System Capital Improvement Bonds, a tax of one and nine 6 tenths of one(1.9)mills. 7 Section 2. Since the City achieved equalization in 1989 under the provisions of Amendment 59 to the 8 Arkansas Constitution, the tax rates are the same for both real and personal property. 9 Section 3. Because Pulaski County completed a county-wide reappraisal of property in 2006, the 10 millage rates set forth in Section 1 of this ordinance may be subject to the rollback provisions of 11 Amendment 59 to the Arkansas Constitution as determined by the Arkansas Assessment Coordination De- 12 partment although such a rollback is not anticipated;however,to the extent that the millage rates in Section 13 1 are ordered roll backed in accordance with state law, the Board of Directors adopts and ratifies such 14 millage rates. 15 Section 4. The City Clerk is hereby directed immediately to transmit a certified copy of this ordinance 16 to the County Clerk of Pulaski County so that the taxes recited may be extended on the tax books of Pulaski 17 County and collected with the other taxes for the year 2014. 18 Section 5. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or 19 word of this ordinance is declared or adjudged to be invalid or unconstitutional, such declaration or adjudi- 20 cation shall not affect the remaining portions of the ordinance which shall remain in full force and effect as 21 if the portion so declared or adjudged invalid or unconstitutional was not originally a part of the ordinance. 22 Section 6. Repealer. All ordinances and resolutions, and parts thereof, which are in conflict with any 23 provision of this ordinance are hereby repealed to the extent of such conflict. 24 Section 7. Emergency. It is essential to the public health, safety and welfare that the proper millage 25 rates be stated each year, and that this information be promptly communicated with the Pulaski County 26 Government in order to assure that appropriate tax millages are put into effect for the following calendar 27 year; an emergency is, therefore, declared to exist and this ordinance shall be in full force and effect from 28 and after the date of its passage. 29 PASSED: October 21,2014 30 A - P. APPROVED: 31 ,t/ 32 W • //i 33 usan, a gl y, ity Clerk Maik Stodola,Mayor 34 [Page 2 of 31 1 APPROVED AS TO LEGAL FORM: 2 4: .414). 5-"Ls_ 4 Thomas M. Carpenter, City btorney 5 // 6 // 7 // 8 // 9 // 10 // 11 // 12 // 13 // 14 // 15 // 16 /1 17 // 18 // 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 /1 32 // 33 /1 34 /1 35 // [Page 3 of 3]