HomeMy WebLinkAbout15564ORDINANCE NO. 15,564
AN ORDINANCE ESTABLISHING THE RATE OF TAXATION OF
PROPERTY FOR CITY PURPOSES FOR THE YEAR 1989 FOR
VARIOUS FUNDS OF THE CITY OF LITTLE ROCK.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The rate of taxation on real property in
the City of Little Rock, Arkansas, for certain City purposes,
computed after application of the roll back provisions of
Amendment 59, are hereby fixed, established and levied as
follows:
For general purposes in order to carry on the
affairs of the City Government under Section 4, Article
12 of and Amendment 10 to the Constitution of Arkansas
of 1874, there is hereby levied a tax of three and two
hundred and fifty -one ten - thousandths (3.0251) mills;
For the purpose of paying bonds and interest as
may be required for the City of Little Rock, Arkansas,
for Capital Improvement Bonds, approved at a special
election held on October 13, 1987, there is hereby
levied a tax of three and four hundred thirty -four
thousandths (3.434) mills;
For the purpose of paying Policemen's Pensions in
accordance with provisions of Amendment No. 31 to the
Constitution of the State of Arkansas, a tax of six
tenths (.6) mills;
For the purpose of paying Firemen's Pensions, in
accordance with the provisions of Amendment No. 31 to
the Constitution of the State of Arkansas adopted
November 5, 1940, and Act 16 of the acts of the General
Assembly of the State of Arkansas for the year 1941, a
tax of six tenths (.6) mills;
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For the purpose of paying bonds and interest as
may be required for the City of Little Rock, Arkansas,
refunding General Obligation Industrial Development
Bonds, Port Authority Project, approved at a special
election held on November 5, 1985, a tax of three
tenths (.3) mills;
For the purpose of maintaining the City Library,
in accordance with the provisions of Amendment No 30 to
the Constitution of the State of Arkansas, a tax of one
(1) mill.
SECTION 2. The amounts of the interim levies of
personal property taxes for the items referred to in Section 1
will be the amounts deemed appropriate, pursuant to Amendment 59,
by the Arkansas Assessment Coordination Division and the Pulaski
County Collector.
SECTION 3. The City Clerk is hereby directed to
transmit a certified copy of this Ordinance to the County Clerk
of Pulaski County to the end that the taxes recited may be
extended on the tax books of Pulaski County and collected with
the other taxes for the year 1989.
PASSED: October 18, 1988
ATTEST:
CITY CLERK JANE ZECH
APPROVED:
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