Section 110-538; Ord. 20449; Amending Ordinance No. 020395 which set the 2009 property tax rate for the Special Business District of the City of Columbia, Missouri


Ordinance No. 20449                            Council Bill No. B 301-09

     AN ORDINANCE

amending Ordinance No. 020395 which set the 2009 property tax rate for the Special Business District of the City of Columbia, Missouri; and fixing the time when this ordinance shall become effective.

    WHEREAS, Ordinance No. 020395, passed on August 17, 2009, set the tax rate for the Special Business District of the City of Columbia, Missouri at forty-seven and sixty-two hundreds (47.62) cents on the one hundred dollars ($100.00) assessed valuation on all taxable property in the Special Business District; and

    WHEREAS, on August 31, 2009 the City learned, by receipt of a copy of a letter from the State Auditor to the Boone County Clerk, that the tax rate ceiling for the Special Business District for 2009 was forty-seven and fifty-nine hundreds (47.59) cents on the one hundred dollars ($100.00) assessed valuation.

    NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS FOLLOWS:

    SECTION 1.    Ordinance No. 020395 is amended to reduce the tax rate levy from forty-seven and sixty-two hundreds (47.62) to forty-seven and fifty-nine hundreds (47.59) cents on the one hundred dollars ($100.00) assessed valuation on all taxable property in the Special Business District for 2009.  

    SECTION 2.    The City Clerk is hereby authorized and directed to file a certified copy of this ordinance with the Clerk of Boone County, Missouri.

    SECTION 3.    This ordinance shall be in full force and effect from and after its passage.

    PASSED this 5th day of October, 2009.