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INTRODUCED BY: DATE: August 25, 2008 <br />9002 <br />BILL NO. ORDINANCE NO. <br />AN ORDINANCE ORDERING THE LEVY AND FIXING THE RATE OF <br />PROPERTY TAXES TO BE COLLECTED IN THE CITY OF <br />UNIVERSITY CITY FOR THE YEAR 2008 TO PROVIDE FOR <br />GENERAL REVENUE, POLICE AND FIREFIGHTER RETIREMENT, <br />GENERAL OBLIGATION BOND DEBT SERVICE, AND FOR THE <br />UNIVERSITY CITY LOOP SPECIAL BUSINESS DISTRICT AND THE <br />PARKVIEW GARDEN SPECIAL TAXING DISTRICT. <br /> BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, <br />MISSOURI, AS FOLLOWS: <br />Section 1. There is hereby levied for the year 2008 upon all real and personal <br />property, subject to taxation, in the City of University City, Missouri, the following taxes <br />for the following purposes, to wit: <br />A. For general revenue purposes a tax of $0.513 on residential property, a <br />tax of $0.595 on commercial property and a tax of $0.691 on personal <br />property, on each one hundred dollars ($100.00) of assessed valuation. <br />B. For Police and Firefighter Retirement purposes a tax of $0.144 on <br />residential property, a tax of $0.170 on commercial property and a tax of <br />$0.195 on personal property, on each one hundred dollars ($100.00) of <br />assessed valuation. <br />C. For general obligation debt service purposes, a tax of $0.042 on <br />residential property, a tax of $0.042 on commercial property and a tax of <br />$0.042 on personal property, on each one hundred dollars ($100.00) of <br />assessed valuation. <br />. There is hereby levied for the year 2008 upon all real property, subject <br />Section 2 <br />to taxation, in the University City Loop Special Business District, an additional tax of <br />said district of $0.491 for residential property and $0.461 for commercial property, on <br />each one hundred dollars ($100.00) of assessed valuation. <br />. There is hereby levied for the year 2008 upon all real property, subject <br />Section 3 <br />to taxation, in the Parkview Gardens Special Taxing District, an additional tax of $0.631 <br />for residential property and $0.703 for commercial property, on each one hundred <br />dollars ($100.00) of assessed valuation. <br />. This ordinance shall take effect and be in force from and after its <br />Section 4 <br />passage as provided by law. <br /> PASSED this _______ day of August, 2008. <br /> <br />