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21111 11111111111111 11111111111111 2015062838• PRESENTED:1j-07-2015 09:28:44 AM RECORDED:10-07-2015 09.34:14 AM 1 ORDINANCE NO. 21,111 In Offi 2 cial Records of LarryCrane Circuit/County Clerk PULASKI CO,AR FEE$25.00 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 2016 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 Pulaski County Clerk the rate of Ad Valorem Property Tax to be levied on real and personal 11 property 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 2015; 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,for 18 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 ,//`‘'‘0* 1 H E 20 Section 4, Article 12 of and Amendment 10 to the Constitution of Arkansas of 1874, <-,`' 13 % G�� 21 there is hereby levied a tax of five(5)mills; - ' �'" ' a. 22 (b) For the purpose of paying bonds and interest as required for the bonds authorized in �<�� . 23 Little Rock, Ark., Ordinance No. 20,603 (July 3, 2012), to repay the City of Little ,74/7-1, AR%Or",. ,1j11/1111111111111 24 Rock, Arkansas, Capital Improvement Bonds, approved at a special election held on 25 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)mill; 28 (d) For the purpose of Paying Firemen's Pensions in accordance with the provisions of 29 Amendment No. 31 to the Constitution of the State of Arkansas adopted November 5, 30 1940, and Act 16,of the acts of the General Assembly of the State of Arkansas for the 31 year 1941, a tax of one(1)mill; 32 (e) For the purpose of maintaining the City Library, in accordance with the provisions of 33 Amendment No. 30 to the Constitution of the State of Arkansas, a tax of three and 34 three tenths(3.3)mills; [Page 1 of 3] 1 (f) For the purpose of paying bonds and interest as required for the City of Little Rock, 2 Arkansas, for Library System Capital Improvement Bonds, authorized in Little Rock, 3 Ark., Ordinance No. 21,034 (May 5, 2015), to refund the outstanding City of Little 4 Rock, Arkansas, Library Construction and Capital Improvement Bonds and issuance 5 of new Library Construction, Improvement and Refunding Bonds, approved at a 6 Special Election held on July 14,2015,a tax of one and eight tenths of one(1.8)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 12 Department although such a rollback is not anticipated; however, to the extent that the millage rates in 13 Section 1 are ordered roll backed in accordance with state law, the Board of Directors adopts and ratifies 14 such 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 2015. 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 20 adjudication shall not affect the remaining portions of the ordinance which shall remain in full force and 21 effect as if the portion so declared or adjudged invalid or unconstitutional was not originally a part of the 22 ordinance. 23 Section 6. Repealer. All ordinances and resolutions, and parts thereof,which are in conflict with any 24 provision of this ordinance are hereby repealed to the extent of such conflict. 25 Section 7. Emergency. It is essential to the public health, safety and welfare that the proper millage 26 rates be stated each year, and that this information be promptly communicated with the Pulaski County 27 government in order to assure that appropriate tax millages are put into effect for the following calendar 28 year; an emergency is, therefore, declared to exist and this ordinance shall be in full force and effect from 29 and after the date of its passage. 30 PASSED: October 5,2015 31 A ST. APPRO D� 32 33 �►�L� i/ILL / 34 :usan �¶ City Clerk ark todola,_ yor 35 [Page 2 of 3] 1 APPROVED AS TO LEGAL FORM: 2 3 ,,/, 4,114/ 4 Thomas M.Carpenter, i Attor 5 // 6 // 7 // 8 // 9 // 10 // 11 // 12 // 13 // 14 // 15 // 16 // 17 // 18 // 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // [Page 3 of 3]