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Last modified
7/17/2007 9:07:06 AM
Creation date
4/23/2005 4:45:53 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
497
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<br />3. It is deemed to be in the best interests of the village and it is <br /> <br />hereby ordered that the remaining amount of $ 164,000.00 be raised by the levy <br /> <br />of a direct annual ad valoren tax upon all of the taxable property wi thin the <br /> <br />village, which shall be spread upon the tax rolls in the amount in each of the <br /> <br />years set forth below and shall be collected in the respective ensuing years. <br /> <br />Year of Levy <br /> <br />Amount <br /> <br />1961 <br />1962 <br />1963 <br />1964 <br />1965 <br />1966 <br />1967 <br />1968 <br />1969 <br />1970 <br />1971 <br />1972 <br />1973 <br />1974 <br />1975 <br />1976 <br />1977 <br />1978 <br />1979 <br />1980 <br /> <br />$8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br />8,200 <br /> <br />It is estimated that the aggregate assessment and tax collections received by <br /> <br /> <br />said fund will be not less than five percent (5%) in excess at all times, of the <br /> <br />principal and interest payments required to be made therefrom on all bonds; and it <br /> <br />is considered that by the spreading of said taxes as above set forth over the <br /> <br />maturity period of the tends herein referred to, the burden upon the tax payers <br /> <br />will be substantially reduced, and deficiencies can be avoided which might otherwise <br /> <br />arise in subsequent years due to the loss of interest on special assessments which <br /> <br />may have heretofore been prepaid. The tax levies herein directed to be made shall <br /> <br />be collected with and as a part of other general municipal taxes in the years above <br />
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