91-046 Ordinance - Laserfiche WebLink

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r - 2 - shall be placed before and in preference to all other levies and for the f~.~ll amount thereof. Of the remaining portion of said levy, an amount shall be levied annually sufficient to provide the amounts required by law for police pensions (.3 mill) and firemen's pensions (.3 mill); an amount shall be levied annually for the purpose of paying the expense of recreation and providing recreational facili- ties (.5 mill), and the balance thereof may annually be levied for the purpose of paying the current operating expenses of the munici- pality. (c) Council may, without a vote of the people, levy annually in addition to the eleven and one-tenth (11.1) mills provided for in Paragraph (bj of this Section 8 and the millage provided for in Paragraph (d) of this Section 8, such tax not in excess of three (3) mills for each dollar of assessed valuation as may he required to provide for the payment of (A) interest, sinking fund and retirement charges on (i) general obligation bonds and general obligation bond anticipation notes of the muni.cipalit_y issued prior to January 1, 1987, without a vote of the electors, to provide funds to pay costs of constructing improvements t.o the municipal sanitary sewerage system; (ii) general obligation bonds and gene r. al obligation bond anticipation notes of the municipality issued on or after Jan~_iary 1, 1987, without a vote of the electors, to provide funds to reimburse the municipality for expenditures made prior to January 1, 1987, in anticipation of reimbursement from the proceeds of such general obligation bonds or general obligation bond anticipation notes, to pay costs of constructing improvements to the municipal sanitary sewerage system; (iii) general obligation bonds and general obligation bond anticipation notes of the municipality issued from time to time without a vote of the electors to provide funds to renew or refund the general obligation bonds and general obligation bond anticipation notes described in clauses (i) and (ii) and this clause (iii), and (B) amounts required to be paid by the municipality in payment of any loan from the Oliio Water Development Authority contracted for prior to January 1, 1987 for the purpose of. providing funds to pay costs of constructing improvements to the municipal sanitary sewerage system and any loan from the Authority contracted for to provide funds to retire general obligation bonds or general obligation bond anticipation notes described in clauses (A)(i), (ii) or (iiij. (d) Council. may, without a vote of the people, levy annually, in addition to the eleven and one-tenth (11.1) mills provided for in Paragraph (b) of this Section 8 and the three (3) mills provided for in Paragraph (c) of this Section 8. (1) in each of the tax years 1989 and 1990, for collection in each of ttie calendar years 1990 and 1991, a tax not in excess of seven-tenths (.7j of one mill for each dollar of assessed valuation, and (2) for a continuing period of time, beginning in tax year 1991 for collection in calendar year 1992, a tax not in excess of one-half (.5) of one mill for each dollar of assessed valuation; in each case as may be required to provide funds for municipal rec- reational purposes, including payment of (A) costs of providing permanent improvements for recreational purposes, (Bj current operat- ing expenses for recreational purposes, and (C) interest, premium, sinking fund and retirement charges on general obligation bonds and general obligation bond anticipation notes of the municipality issued