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Page 10 <br />INTRODUCED BY: DATE: August 28, 2006 <br /> <br />8904 <br />BILL NO. ORDINANCE NO. <br /> <br />AN ORDINANCE ESTABLISHING AN ADDITIONAL TAX FOR THE <br />UNIVERSITY CITY LOOP SPECIAL BUSINESS DISTRICT SO THAT THE <br />ADDITIONAL TAX ON THE REAL PROPERTY FOR THE FISCAL YEAR <br />2006-2007 SHALL BE $.692 FOR RESIDENTIAL AND $.785 FOR <br />COMMERCIAL PER ONE HUNDRED ($100.00) OF ASSESSED <br />VALUATION; AND CONTAINING AN EMERGENCY CLAUSE. <br /> <br />BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, <br />MISSOURI, AS FOLLOWS: <br /> <br /> <br /> Section 1. There is hereby levied upon the real property subject to taxation in the <br />University City Loop Special Business District, an additional tax on the real property of <br />said district for the fiscal year 2006-2007 in the amount of $.692 for residential and $.785 <br />for commercial, per each ONE HUNDRED DOLLARS ($100.00) of assessed valuation. <br /> <br /> Section 2. An emergency is hereby declared to exist in that the tax rate must be <br />fixed not later than September 1, 2006 pursuant to Section 67.110 RSMo. <br /> <br /> Section 3. This ordinance shall take effect and be in force from and after its <br />passage as provided by law. <br /> <br /> PASSED this _______ day of _____________________________________, 2006. <br /> <br /> <br /> _____________________________ <br /> MAYOR <br />ATTEST: <br /> <br />________________________________ <br /> CITY CLERK <br /> <br /> <br />CERTIFIED TO BE CORRECT AS TO FORM: <br /> <br /> <br />______________________________ <br />CITY ATTORNEY <br /> <br /> <br />