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Special Council Meeting <br />September 14, 2021 <br />Page 2 <br />PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE <br />DATE. <br />Mr. Anderson said each year the City Council must adopt a property tax rate sufficient to <br />fund the City budget as adopted by the Council. He also said the Ordinance setting the tax rate <br />indicates the amounts of budget appropriations resulting from levying the adopted property tax <br />rate. Mr. Anderson explained that the average residential homestead valued at $106,395 would <br />pay $482.75 in City property taxes,, He said having adopted the 2021-22 City budget, that a <br />property tax rate of .45 3 73 per $100 valuation must be adopted. <br />A Motion to approve this item was made by Council Member Pankaj and seconded by <br />Council Member Savage. Motion carried, 5 ayes — 0 nays. <br />5. Adjournment. <br />There being no further business, a Motion to adjourn was made by Council Member <br />Savage and was seconded by Council Member Knox. Motion carried, 5 ayes — 0 nays. The <br />meeting was adjourned at 5:35 p.m. <br />INAtD HUGHES"',�M�AY(�R�tO-TEM <br />11"11tT"jor <br />•� <br />Gil Y 'ro,*.* <br />-6*08il6a#q i� <br />A* t <br />VOL <br />s <br />Ifjz IFIQ I I W-- 0111115, <br />