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INTRODUCED BY Mr. Sharpe DATE: October 28, 2012 <br /> BILL NO 9165 ORDINANCE NO 6897 <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 2012 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; CONTAINING AN <br /> EMERGENCY CLAUSE. <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 2012 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$0.561 on residential property, a tax of$0.578 <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$0.158 on residential property, <br /> a tax of$0.164 on commercial property and a tax of$0.195 on personal property, on <br /> each one hundred dollars ($100.00) of assessed valuation. <br /> C. For general obligation debt service purposes, a tax of$0.034 on residential property, a <br /> tax of $0.034 on commercial property and a tax of $0.034 on personal property, on <br /> each one hundred dollars ($100.00) of assessed valuation. <br /> Section 2. There is hereby levied for the year 2012 upon all real property, subject to taxation, <br /> in the University City Loop Special Business District, an additional tax of said district of$0.590 for <br /> residential property and $0.536 for commercial property, on each one hundred dollars ($100.00) of <br /> assessed valuation. <br /> Section 3. There is hereby levied for the year 2012 upon all real property, subject to taxation, <br /> in the Parkview Gardens Special Taxing District, an additional tax of$0.627 for residential property <br /> and $0.722 for commercial property, on each one hundred dollars ($100.00) of assessed valuation. <br /> Section 4. This ordinance shall take effect and be in force from and after its passage as <br /> provided by law. <br /> PASSED this 28th day of September, 2012. <br /> 3 <br />