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INTRODUCED BY COUNCILMEMBER SCHOOMER <br /> BILL NO. 7698 ORDINANCE NO. 5494 <br /> AN ORDINANCE AMENDING THE ORDINANCE WHICH ESTABLISHED THE <br /> UNIVERSITY CITY LOOP SPECIAL BUSINESS DISTRICT, ENACTED BY <br /> ORDINANCE NO. 5247 ON THE 20TH DAY OF OCTOBER, 1980, BY <br /> AMENDING SECTION 4B OF SAID ORDINANCE SO THAT THE <br /> ADDITIONAL TAX ON THE REAL PROPERTY OF THE DISTRICT SHALL <br /> BE REDUCED FROM EIGHTY-FIVE CENTS ($.85) TO FORTY-SEVEN <br /> CENTS ($.47) PER ONE HUNDRED DOLLARS ($100.00) ASSESSED <br /> VALUATION; AND CONTAINING AN EMERGENCY CLAUSE. <br /> WHEREAS, the City Council of University City, by Ordinance No. 5247 <br /> i <br /> e <br /> which was enacted on the 20th day of October, 1980, established the University <br /> City Loop Special Business District; and <br /> WHEREAS, it is required that the additional tax rate on real property <br /> t <br /> in the University City Loop Special Business District be reduced from <br /> r <br /> Eighty-five Cents ($.85) to Forty-seven Cents ($.47) per One Hundred Dollars <br /> ($100.00) assessed valuation. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVER- <br /> SITY CITY, MISSOURI, AS FOLLOWS: <br /> f <br /> Section 1. Section 4B of Ordinance No. 5247, which was enacted on <br /> the 20th day of October, 1980, is amended by deleting paragraph B of said <br /> Section, and substituting the following paragraph 4B which shall henceforth be <br /> read in its place and stead as follows: <br /> Section 4B. Revenue. <br /> B. The real property in the District shall be subject to <br /> an additional tax of Forty-seven Cents ($.47) per One <br /> Hundred Dollars ($100.00) assessed valuation. <br /> Section 2. This ordinance is hereby declared to be necessary for the <br /> immediate preservation of the public health and safety of the citizens of this <br /> City and as such is an emergency ordinance which shall take immediate effect <br /> upon its passage. <br /> PASSED this 19th day of A 1985. <br /> MAYOR <br /> ATTEST: <br /> CITY CLERK <br /> CERTIFIED TO BE CORRECT AS TO FORM: <br /> CITY ATTORFY <br />