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Session 1522, Minutes Page 7 (me June 4, 1990 BILIS FOR INTROU CTION BILL NO. 7963 - AMENDING CHAPTER 21 MUNICIPAL CODE RELATING '10 MOTOR VEHICLES AND TRAFFIC BY ADDING A NEW SECTION 21-6.2 PROVIDING FORA RESIDENTIAL PARKING PERMIT PLAN UNDER WHICH PARKING PERMITS WILL BE ISSUED TO RESIDENTS OF A RESI- DENTIAL NEIGHBORHOOD S'T'REET INTO WHICH THERE IS TRAFFIC INGRESS AND/OR EGRESS TO OR FROM A cm/Imam AREA COMPRISING MULTIPLE RETAIL BUSINESSES. A bill was introduced by Councilme ber Schuman, entitled: "AN ORDINANCE AMENDING CHAPTER 21 OF THE MUNICIPAL CODE OF THE CITY OF UNIVER- SITY CITY RELATING TO ICIOR VEHICUES AND TRAFFIC BY ADDING A NEW SECTION TO BE NIS 21-6.2 PROVIDING FOR A RESIDENTIAL PARKING PERMIT PLAN UNDER WHICH PARKING PERMITS WILL BE ISSUED TO RESIDENTS OF A Slxrvr IN A RESIDENTIAL NEICHBORHOOD INTO WHICH THERE IS A TRAFFIC INGRESS AND/OR EGRESS TO OR FROM A C VERCIAL AREA COMPRISING MJIT'IPLE RETAIL BUSINESSES." The bill was assigned No. 7963 and given its first reading. BILL NO. 7965 - PROVIDING FOR THE SUBMISSION TO THE QUALIre i 2J VOTERS OF UNI- VERSITY CITY THE SETTING OF A TAX RATE TO BE COLLECTED IN UNIVERSITY CITY AN INCREASE IN THE GENERAL PROPERTY TAX FROM SIXTY-'Hh2EE CENTS ($.63) TO SIXTY- EIGHT CENTS ($.68) , THE SAME TO BE SUBMITTED TO SAID ELECTORS AT THE GENERAL ELECTION AUGUST 7, 1990; CONTAINING AN EMERGENCY CLAUSE. A bill was introduced by Councilmember Schoomer, entitled: "AN ORDINANCE PROVIDING FOR THE SUBMISSION TO THE QUALIFIED VOTERS OF THE CITY OF UNIVERSITY CITY, MISSOURI, THE SETTING OF RATES OF TAX TO BE COLLECTED IN THE CITY OF UNIVERSITY CITY, THE FIRST TO BE DESICATED PROPOSITION 2) AN IN- CREASE IN THE GENERAL PROPERTY TAX OF FIVE CENTS ($.05) FROM SIXTY-THREE cams ($.63) TO SIXTY-EIGHT HT CENTS ($.68) PER $100 OF ASSESSED VALUATION; THE SAME TO BE SUBMITTED TO SAID QRS AT THE GENERAL ELECTION AUGUST 7, 1990, AND CON- TAINING AN EMERGENCY CLAUSE." The bill was assigned No. 7965 and given its first reading. Mr. 011endorff recommended passage of this bill, noting that in reviewing the budget for fiscal 1990-91, the Council agreed that additional revenue will be needed to maintain current City functions and to continue providing a high quality service level. If this is approved by the voters, the total City tax rate will be going up only one cent, since Debt Service was reduced last year, and the Uniformed Pension FUnd can be reduced this year. Mrs. Schuman said it was important for citizens to know that while it has been possible to reduce the Pension Fund, at the same time it has been improved substantially because the investments have done so well. In response to Mr. Price, Mr. 011endorff said the Debt Service tax rate has been reduced to zero since enough money was accumulated to completely pay off all debts. Also, more money is needed in the General Fund in order to expand the City's recycling efforts. Bill No. 7965 was given its second reading. (60, Bill No. 7965 was given its third reading.