3837 - 39 Submit to electors - limitation on taxes levied

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0RDINANOE NO. $837 by M~. Dawson AN E~ERGENCY OBDINANOE authorizing the submission to a vote of the qualified electors of the City of Lakewood of an amendment to the Charter of the City of Lakewood providing for a limitation upon taxes levied without a vote of the people and providing for the levying of taxes outside said limitation upon approval by the majority of the elector at a November election, and repealing Ordinance No. 38~5, adopted by the Council of the City of Lakewood on July 31, 1939. WHE. HEAS, an emergency exists for the imm~ediate preservation of the public peace, property, health and safety and to provide fo~ the usual daily operation of the several municipal departments in that in order to secure sufficient funds required for city purposes it is deemed necessary submit a proposed charter amendment to the electors at the next reh~Alar municipal election in the manne~ithin the time provided by the Oonstitu- tion of the State of Ohio, now therefore ~'" BE I~ ~DAINED BY THE COUNOIL OF THE- CITY OF .LAEE~00D, OHIO$ Section 1. That there be submitted to the electors of the City of Lakewood at the regular municipal election to be held Tuesday, November 7, 19~, the follewing proposed amendment to Section 29 of Article XV of the Charte~ of the City of Lakewood! That Section 2~ Of Article XV of the Charter of the Oity of Lakewood now reading ~ "Sectlon;29. ~ The ~ouncil shall levy taxes within the limit- ations provided by law for the purpose of paying the expense of constructing improvements and exercising the powers of the city." be and it is hereby amended to read, as follows~ Section ~9-1: Limitation on Rate of ~ax§tion. TT~e Oouncil ~o~11r _a~nually levy a tax for current operating expenses on ~ ~ 0 ras~, aepar~F~ents and institlx- tlons. The rate of such tax shall not exceed five and five- tenths (5,5) mills on the dollar of assessed valuations. Section 29-2~ Levy Outside Limitation~ The Co,moil shall a~uually levy outside of the limitation provided in Section 29- · of this Charter a sufficient sum to pay the tzterest, sim~ fund and retirement charges on all bonds andnotes of the City of Lakewood, lawD,~y issued, and the expenses incident to the management of the sinking fund, which entire levy shall be placed before and in preference to all other levies. At, cunts certified under the laws of the state as neoessax~ for such purposes shall not be subject to change by the Couneil. Section 2~-~ Additional Levies Outside L~!tation, The Council shall also have the power to annually levy outside of the limitation provided in Section 29-1 of tLls Oh~ ter, the amount determdned by Council to be necessary for the firemen% pension fund and the police pensions fund witl~n the limitation prescribed by the laws of the State of Ohio, a sufficient amoun to cover deductions by the cozu~ty auditor from tax receipts for election expense, the annual premiums for worlmaen~s cor~pensatio to the Industrial Co~dssion of Ohio, expenses and services rendered by the State of Ohio and other expenses of the general fund prepaid by the county, an amo~ut sufficient ~$~,the city% participation under the Municipal E~ploye&~C~;-t~ne amount determined by Council ~b be neeessa~y for poor relief and for operatio~ of Lakewood Hospital which amount shall in no event exceed five-tenths {0.5) of a mill, and all charges or assessments made against the City by or pursuant to the Conserv Act of 0hlo.