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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />09/ 10/09 <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />Council Date: <br />09/21 /09 <br />Finance <br />Gene Anderson <br />5, <br />RECOMMENDED MOTION: <br />Move to approve an ordinance fixing the tax rate, tax levy, and levying the ad valorem taxes for the City <br />of Paris for FY 2009-2010. <br />POLICY ISSUE(S): <br />Required by statute. <br />BACKGROUND: <br />This ordinance sets the City of Paris tax rate at 52 cents per $100 of property value. The tax rate of 52 <br />cents per $100 of value is broken down between operations/maintenance costs (42.439 cents per $100 of <br />value) and debt (9.561 cents per $100 of value). It establishes the tax levy based on the 52 cent rate, and <br />directs that the levy be entered into the City's records. <br />BOARD/COMMISSION RECOMMENDATION: <br />None <br />EXHIBITS: <br />Ordinance attached. <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$NA <br />❑ Department Report ❑ Resolution <br />❑ P <br />Budgeted Amt. <br />$NA <br />resentation Z Ordinance <br />❑ P <br />bli <br />H <br />i <br />❑ O <br />h <br />yTD Actual <br />$NA <br />u <br />c <br />ear <br />ng <br />t <br />er <br />Acct. Name <br />NA <br />Acct. Number <br />NA <br />FISCAL NOTES: <br />None <br />REVIEWED AND APPROVED BY: <br />Z Administration Z City Clerk ❑ Community Development ❑ EMS/IT Z Finance ❑ Fire <br />❑ Municipal Court Z Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris 8 Revised 2/04/08 <br />. <br />