96-141 Ordinance - Laserfiche WebLink

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....a.».?... ?_.,..,.,?W . . v.,,..?...?,??.,.,.?i a. . ? -2- of this 5ection 8, which levy under this Paragraph (b) shall be placed before and in preference to all other levies and for the full 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 facilities (.5 mill), and the balance thereof may annually be levied for the purpose of paying the current operating expenses of the municipaliry. (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 (b) of this Section 8 and the seven-tenths of one mill 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 be 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 municipality issued prior to January 1, 1987, without a vote of the electors, to provide funds to pay costs of constructing improvements to the municipal sanitary sewerage system; (ii) general obligation bonds and general obligation bond anticipation notes of the municipality issued on or after January 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 Ohio Water Development Authority contracted for prior to January l, 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 (iii). (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 from 1989 through 1998, for collection in each of the calendar years from 1990 through 1999, a tax not in excess of seven-tenths (.7) of one mill for each dollar of assessed valuation, and (2) for a continuing period of time, beginning in tax year 1999 for collection in calendar year 2000, a tax not in excess of seven-tenths (.7) of one mill for each dollar of assessed valuation; in each case to provide funds for municipal recreational purposes, including payment of (A) costs of providing permanent improvements for recreational purposes, (B) current operating expenses for recreational purposes, and (C)