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Home My WebLink AboutOrdinance 4345 FiLcED FOR RFCOilD 101 NOU 7 PM 1 00 ORDINANCE NO. 4345 wASHIhU i „ i ;. 1.1 � -. • . AN ORDINANCE LEVYING A TAX ON THE REAL B. STAMPS AND PERSONAL PROPERTY WITHIN THE CITY OF FAYETTEVILLE, ARKANSAS, FOR THE YEAR 2001 FIXING THE RATE THEREOF AT 0.4 MILS FOR THE FIREMEN'S PENSION AND RELIEF FUND AND 0.4 MILS FOR THE POLICEMEN' S PENSION AND RELIEF FUND; AND CERTIFYING THE SAME TO THE COUNTY CLERK OF WASHINGTON COUNTY, ARKANSAS 0 BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF y FAYETTEVILLE, ARKANSAS: c? p o r Section 1 . That a tax is hereby levied on the real and personal property wihhini= the City of Fayetteville, Arkansas, for the year 2001 , to be collected in 2002,`.tordhe m following purposes at the following rates: r. i o 3 REAL AND PERSONAL PROPERTY '- 1 D ro ,J u7 N CD Purpose Levy Policemen's Pension Fund 0.4 mils Firemen's Pension Fund 0.4 mils TOTAL 0.8 mils Section 2. That the real and personal property tax so levied and the rates provided therefore are hereby certified to the Clerk of Washington County, Arkansas, to be placed in the tax book by the County Clerk and collected in the same manner that the county and school district taxes are collected. Section 3 . The City Clerk is hereby authorized and directed to file certified copies of this ordinance in the office of the County Recorder, County Clerk, County Assessor, and the County Tax Collector for Washington County, Arkansas. POSED and APPROVED this the 6`" day of November, 2001 . APPROVED: �� . . . By: t� toE Q DAN COODY, Mayor ATTNT1.' By. Bather Woodruff, Ci?,TCIeV 2 0 01 141 9 4 4 T • P P City Clerk C) I,& Dear Clerk: Please submit the tax levy figures for your City for the year 2001 . The Quorum Court meets on November 8th. I need this information as soon as possible. Please give us the total levy figure and complete breakdown of tax in the space provided below. This information must be provided on this form. Sincerely yours, Marilyn Edwards, County Clerk By'q")"ff/ a,,, Deputy County Clerk TOTAL MILLS BREAKDOWN O, y .� i� s fiecmE,u 's �eLyon/ fyn/.D NATURE AND TITLE OF PERSON A TJ7L HORIZED4TO SUBMIT TAX 2001141945 10 - 03 - 01 A10 : 33 M old an rleb, 1 Bette Stamps, Circuit G ki rye dd mcQn, o cce a Washin9lon Gounas o fiof as Nstrument was filed Is nov duly ceLCOf oon that this ='m'- d certinta indicated neTeon vded9ement an ed thereon. nthR d Book and Page alha e1 ereuIt set my . > • W Wim S eaa,,6 sa4 Court on ine data Indi- . > • . hand and affix . . , bated hereon. > Betty Stam Ps d -0{ficl Reoordet Circwt0 fi 40 by OCT 0 3 2901 CIEVILL KSOFFICE CITY G=— NAME OF FILE: Ordinance No. 4345 CROSS REFERENCE: 11 /06/01 Ordinance No. 4345 Year 2001 Tax Levy Figures Form for year 2001 regarding the Policemen's and Firemen's Pension Funds 11 / 16/01 Memo to Mayor Coody, from Heather Woodruff, City Clerk NOTES : • STAFF REVIEW FORM XX AGENDA REQUEST CONTRACT REVIEW GRANT REVIEW For the Fayetteville City Council meeting of October 16 , 2001 FROM : Stephen Davis Budget & Research Admin Services Department Name Division Department ACTION REQUIRED : Council Action is requested to adopt real and personal property tax rates for 2001 for Policemen's Pension and Relief Fund and Firemen's Pension and Relief Funds. The rate to be adopted for Policemen's Pension and Relief fund and the Firemen's Pension and Relief Fund is 0.4 mils for real property and 0.4 mils for personal property. There is no millage proposed for general government operations. COST TO CITY : $N /A Cost of this Request Category/ Project Budget Category/ Project Name Account Number Funds Used To Date Program Name Project Number Remaining Balance Fund BUDGET REVIEW : Budgeted Item Budget Adjustment Attached Bud et McPhager Administrative Services Director CONTRACT/GRANT/LEASE REVIEW : GRANTING AGENCY : !Q La r o , u ing anager Date Int rnal A itor Date 44h V? I / o1 ci for ey ate ADA Coordinator Date b I Purchasing Officer Date Grant Coordinator Date STAFF RECOMMENDATION : Staff recommends adoption of millage rates . Division Head Date Cross Reference New Item : Yes No epar me �t Dir ep/It/�r D to A /�(1/_//v � ( Prev Ord/Res # : Adn� Services Director a (n,G// � Orig Contract Date : M yor Date Orig Contract Number : FAYETTEVILLE THE CITY OF FAYETTEVILLE, ARKANSAS DEPARTMENTAL CORRESPONDENCE To: Fayetteville City Council Thru: Dan Coody, Mayor Ted Webber, Administrative Services Direct From: Budget & Researcki4 Re: 2001 Millage Levy// Date: September 21 , 2001 Each year the City must approve an ordinance to renew the levy of ad valorem taxes on real and personal property within the City. This request will provide for such levy on property assessed during 2001 . The total assessed value of real and personal property located within the city limits of Fayetteville, as of August 18, 2001 , is approximately $645 million. The assessed valuation is before the Washington County Board of Equalization has made all the changes to the County Assessors Abstract. Based on the preliminary assessments, the growth in real estate assessments is approximately 12.7%. There is a possibility an amendment 59 rollback may be triggered. The final assessments are anticipated from Washington County mid October. Budget staff has been advised by County staff that state statutes provide for an extension of time to file our millage levy ordinance with the County should a rollback be triggered. A millage levy ordinance must be approved by City Council in order for the City to continue to collect property taxes for the Policemen's Pension and Relief Fund and the Firemen's Pension and Relief Fund. The millage levy for the Policemen' s Pension and Relief Fund is 0.4 mils for real property and 0.4 mils on personal property. The millage levy for the Firemen' s Pension and Relief Fund is 0.4 mils for real property and 0.4 mils on personal property. The City levy will be added to the levies by Washington County, the various school districts, improvement districts and other cities within the County when the Washington County Quorum Court adopts its millage levy for 2001 . If you have any questions concerning this agenda request please contact Stephen Davis at 575-8296. R'BUDGENROJECTSW ILLAGEl2001 .PTMIL.counciLagenda.memo.W PD •City of Fayetteville • Property Tax Revenue per Mil September 21 , 2001 Millage Approximate Revenue 0. 10 $59,000 0 .20 $ 118,000 0. 30 $ 177,000 0.40 $236,000 0. 50 $295,000 0.60 $354,000 0.70 $413,000 0.80 $472,000 0.90 $531 ,000 1 .00 $590,000 The millage revenue reflected above is based on the Washington County Preliminary Summary Report of County Assessments for the Year 2001 dated August 18, 2001 and excludes real and personal property for Utilities. The City Council can approve up to 5.0 mils for operations. The table assumes a 95% collection rate. Total real and personal property assessments for 2001 amount to approximately $621 million excluding real estate and personal property for utilities. The change in assessed value, for real estate, from 2000 to 2001 is approximately $30 million or 12.7%. The change in assessed real estate value is due to newly discovered , newly constructed property (7. 1 %) and reassessment of existing property (5.6%). Property Tax Impact Illustration Appraised Value Assessed Value 1 Mil Tax/Year Single Family Home $75,000. 00 $15,000. 00 $15.00 Single Family Home $100,000. 00 $20,000.00 $20.00 Single Family Home $1507000. 00 $30, 000.00 $30.00 STAFF REVIEW FORM - Page 2 Description Meeting Date Comments : Reference Comments : Budget Manager Accounting Manager City Attorney Purchasing Officer ADA Coordinator Internal Auditor Grants Coordinator FAYETTEALLE THE CITY OF FAYETTEVIEEE, ARKANSAS M Ci DEPARTMENTAL CORRESPONDENCE To: Mayor Dan Coody From: Heather Woodruff, City Clerk Date: November 16, 2001 Attached is a copy of Ordinance No. 4345 levying a tax on the real and personal property within the City of Fayetteville, Arkansas, for the year 2001 . The original will be microfilmed and filed with the City Clerk. cc: Eldon Roberts, Police Department Marion Doss, Fire Department Steve Davis, Budget and Research Marsha Farthing, Accounting 010 03 23t of Fayetteville 11 / 19 / 2001 Update Index Maintenance • 11 : 33 : 43 Document It In Action Reference Date Ref . Taken Brief Description ORD 11062001 4345 LEVING TAX/REAL & PERSONAL PROPERTY Enter Keywords . . . . . . . . : ORD . 4345 LEVYING PERSONALTAX REAL FIREMEN ' SFIXIN3 RATE D , 4 MILS POLICEMEN ' S File Reference # . . . . . . : MICROFILM Security Class . . . . . . . . : Retention Type : Expiration Date . . . . . . . : * * * * Active * 777 Date for Cont / Referred : Name Referred to . . . . . . : Cmdi - Return Cmd8 - Retention Cmd4 - Delete Cmd3 - End Press ' ENTER ' to Continue Cmd5 -Abstract Yes No ( c ) 1986 - 1992 Munimetrix Systems Corp .