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HomeMy WebLinkAbout10/09/99124 October 9, 1999 At a Called Meeting of the Board of Commissioners, held in the Commission Chambers at City Hall, at 8:00 A.M., Saturday, October 9, 1999, Mayor Jones presided, and upon call of the roll by the City Clerk, the following answered to their names: Commissioners Coleman, Paxton, Wrye and Mayor Jones (4). Commissioner Smith was absent (1). R & F NOTICES Commissioner Coleman offered motion, seconded by Commissioner Paxton, that the executed Notices of Called Meeting for 8:00 a.m., Saturday, October 9, 1999, be received and filed. Adopted on call of the roll, yeas, Commissioners Coleman, Paxton, Wrye and Mayor Jones (4). ORDINANCES - ADOPTION SPECIAL HALF YEAR 1998 TAX LEVY FOR PADUCAH JUNIOR COLLEGE Commissioner Coleman offered motion, seconded by Commissioner Paxton, that the Board of Commissioners adopt an ordinance entitled, "AN ORDINANCE AFFIXING THE LEVIES AND RATES OF TAXATION ON ALL PROPERTY WHICH IS LOCATED IN DISTRICT 9 AS DEPICTED IN THE RECORDS OF McCRACKEN COUNTY PROPERTY VALUATION ADMINISTRATOR'S OFFICE FOR SCHOOL PURPOSES FOR THE PERIOD FROM JANUARY 1, 1999, THROUGH JUNE 30, 1999, WITH THE PURPOSE OF SAID TAXES AS HEREUNDER DEFINED". This ordinance reads as follows: It is hereby levied an ad valorem tax of one and five -tenths cents ($0.015) on each one hundred dollars ($100.00) of assessed valuation of all real property subject to taxation C: which is located in District 9 for the period from January 1, 1999, through June 30, 1999, for the purpose of aiding, assisting, and maintaining Paducah Junior College, which tax shall be and the same is declared to be a tax for school purposes. There is hereby levied an ad valorem tax of one and seven -tenths cents ($0.017) on each one hundred dollars ($100.00) of assessed valuation of all personal property subject to taxation located in District 9, except for inventory, for the period of January 1, 1999, through June 30, 1999, for the purposes of aiding, assisting, and maintaining Paducah Junior College, which tax shall be and the same is declared to be a tax for school purposes. The levy for the ad valorem tax on inventory located in District 9, as historically defined by the City of Paducah, Kentucky, shall be set at the specified rate set forth below per one hundred dollars ($100.00) of assessed valuation for the purpose of aiding, assisting, and maintaining Paducah Junior College, which tax shall be and the same is hereby declared to be a tax for school purposes as follows: Tax Year Levy per $100 for the First Levy per $100 Above $10,000,000 of Assessed $10,000,000 of Valuation Assessed Valuation 1998-1999 $.012 $.0075 �\ ` The assessed value of said real and personal property shall be the assessed value as determined in January, 1998. Property taxes levied herein shall be due and payable on or before February 29, 2000. Adopted on call of the roll, yeas, Commissioners Coleman, Paxton, Wrye and Mayor Jones (4). ORD.NO. 99-10-6123, B8, P.5x/:, �vD Gam- Zoo ,.C- 125 _ 1999-2000 PROPERTY TAXES Commissioner Paxton offered motion, seconded by Commissioner Coleman, that the Board of Commissioners adopt an ordinance entitled, "AN ORDINANCE FIXING THE LEVIES AND RATES OF TAXATION ON ALL PROPERTY IN THE CITY OF PADUCAH, KENTUCKY, SUBJECT TO TAXATION FOR MUNICIPAL PURPOSES AND FOR SCHOOL PURPOSES FOR THE PERIOD FROM JULY 1, 1999, THROUGH JUNE 30, 2000, WITH THE PURPOSES OF SAID TAXES THEREUNDER DEFINED". PURPOSE RATE PER $100.00 General Fund of the Cit Real Property 0.300 Personal Property (except inventory) 0.390 Inventory (up to & including $10,000,000) 0.210 Inventory (over $10,000,000) 0.015 Other Municipal Purposes Public Library Real Estate 0.040 Personal Property 0.050 School Purposes Paducah Junior College Real Estate 0.029 Personal Property (except inventory) 0.034 Inventory (up to and including $10,000,000) 0.018 Inventory (over $10,000,000) 0.015 1 The City of Paducah shall collect the following taxes for the Board of Education: Public Schools - General Fund Real Property 0.590 Personal Property 0.590 Total Tax Rate per $100 - real property 0.959 Total Tax Rate per $100 - personal property 1.064 Property taxes levied herein shall be due and payable in the following manner: The first half payment shall be due on November 1, 1999, and shall be payable without penalty and interest until November 30, 1999. The second half payment shall be due on February 1, 2000, and shall be payable without penalty and interest until February 29, 2000. Adopted on call of the roll, yeas, Commissioners Coleman, Paxton, Wrye and Mayor Jones (4). ORD.NO. 99-10-6124, , P. 1?/ . ,ew 6--e,7- zfoae ORDINANCE - INTRODUCTION PURCHASE RIGHT OF WAY FOR REAR ENTRANCE TO NOBLE PARK Commissioner Coleman offered motion, seconded by Commissioner Paxton, that the Board of Commissioners introduce an ordinance entitled, "AN ORDINANCE J AUTHORIZING THE MAYOR TO EXECUTE A DEED FOR THE PURCHASE OF REAL PROPERTY LOCATED AT 2560 CAIRO ROAD BY THE CITY OF PADUCAH." This ordinance is summarized as follows: Authorizing the Mayor to execute a deed and all documents necessary for the purchase of 2.078 acres of real property located at 2560 Cairo Road, from Rental Housing, Inc., in the amount of $41,560.00. This property is to be used to construct another point of ingress and egress to Noble Park. Upon motion the meeting adjourned. ADOPTED: October 26, 1999 r CCITY CLERK C) 0 iAnil l 126