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RESOLUTION NO. 2014 - 39 <br /> A RESOLUTION ORDERING THE LEVY AND F IXING THE RATE OF {' <br /> PROPERTY TAXES TO BE COLLECTED IN THE CITY OF UNIVERSITY <br /> CITY FOR T HE YEAR 20 14 T 0 PROVIDE FOR GENERAL REVENUE, <br /> POLICE AND FIREFIGHTER RETIREMENT, GENERAL OBLIGATION <br /> BOND DEBT SERVICE, AND FOR THE UNIVERSITY CITY LOOP <br /> SPECIAL BUSINESS DISTRICT AND THE PARKVIEW GARDEN <br /> SPECIAL TAXING DISTRICT <br /> WHEREAS, RSMo. 67.110. requires political subdivisions such as the City of University City <br /> to fix its ad valorem property tax rates not later than October first for entry in the tax books; and <br /> WHEREAS, the City of University City received the finalized assessed property valuations <br /> from St. Louis County on September 12, 2014 and subsequently calculated the proposed tax rates; and <br /> WHEREAS, the City of University City conducted a Public Hearing on the proposed tax rates <br /> on September 22, 2014 after due and proper notification in the St. Louis Post Dispatch, a newspaper of <br /> general circulation. <br /> NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> UNIVERSITY CITY AS FOLLOWS: <br /> Section 1. There is hereby levied for the year 2014 upon all real and personal property, subject <br /> to taxation, in the City of University City, Missouri, the following taxes for the following purposes, to <br /> wit: <br /> A. For general revenue purposes a tax of $0.579 on residential property, a tax of$0.575 <br /> on commercial property and a tax of$0.680 on personal property, on each one hundred <br /> dollars($100.00) of assessed valuation. <br /> B. For Police and Firefighter Retirement purposes a tax of$0.170 on residential property, <br /> a tax of$0.162 on commercial property and a tax of$0.195 on personal property, on <br /> each one hundred dollars ($100.00) of assessed valuation. <br /> } <br /> C. For general obligation debt service purposes, a tax of$0.004 on residential property, a <br /> tax of $0.004 on commercial property and a tax of $0.004 on personal property, on <br /> each one hundred dollars ($100.00) of assessed valuation. <br /> Section 2. There is hereby levied for the year 2014 upon all real property, subject to taxation, <br /> in the University City Loop Special Business District, an additional tax of said district of$0.565 for <br /> residential property and $0.530 for commercial property, on each one hundred dollars ($100.00) of <br /> assessed valuation. <br /> Section 3. There is hereby levied for the year 2014 upon all real property, subject to taxation, <br /> in the Parkview Gardens Special Taxing District, an additional tax of $0.680 for residential property <br /> and $0.850 for commercial property, on each one hundred dollars($100.00) of assessed valuation. <br /> September 22, 2014 M-2-2 <br /> 1 <br />