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ORDINANCE NS-1270.1 AN EMERGENCY ORDINANCE NS-1270.1 OF THE CITY OF SANTA ANA, CALIFORNIA, FIXING THE AMOUNT OF MONEY ASCERTAINED TO FINANCE OPERATING AND CAPITAL EXPENDITURE COSTS OF THE VARIOUS DEPARTMENTS OF THE CITY, AND TO PAY THE BONDED INDEBTEDNESS FALLING DUE FOR THE CURRENT FISCAL YEAR 1975-76 FIXING THE RATE OF TAXATION FOR SAID CURRENT FISCAL YEAR, AND DESIGNATING THE NUMBER OF CENTS OF TAX ON EACH $100.00 OF ASSESSED VALUE FOR THE VARIOUS FUNDS OF SAID CITY HEREBY LEVIED ON THE WHOLE OF THE TAXABLE PROPERTY IN SAID CITY WHEREAS, heretofore, on the 28th day of December, 1914, the City of Santa Ana did elect to avail itself of the provisions of State Law providing that assessment of property and collection of taxes might be done for cities by the county in which the city was located; and WHEREAS, under the provisions of Section 600 of the Charter of the City of Santa Aha, the county system of assessment and tax collection shall continue to be used unless otherwise provided by ordinance; and WHEREAS, the Auditor of the County of Orange has informed the City of Santa Ana that his office has made a tentative determination showing the total value of all property within the corporate limits for the fiscal year 1975-76 and fixed said sum for said fiscal year at $602,032,000, exclusive of operative property belonging to public utilities, and showing the total value of all property belonging to public utilities and used as operative property within the corporate limits of the said City for said fiscal year as tentatively determined by the Board of Equalization of the State of California to be $26,000,000, which said amounts make a total of the sum of $628,032,000. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES ORDAIN AS FOLLOWS: SECTION 1: That the total valuation of the taxable property of the City of Santa Ana of $628,032,000 shall be used as a basis for the levy of the taxes of said City, at the same time and in the same manner in which the County of Orange levies are made and collected. SECTION 2: That the City Council of the City of Santa Ana does hereby levy a tax for the fiscal year beginning July 1, 1975, and ending June 30, 1976 for the purpose of financing the operating and capital expenditure costs of the various departments, to pay the bonded indebtedness and interest, to pay the amounts due the State Employees' Retirement System, to maintain the library, to operate the recreation and parks program, and fixes the rate thereof at $1.6100 on each $100.00 of assessed value of all property within the City of Santa Ana except as to payment on bonded indebtedness, which tax hereby levied shall not apply to those areas expressly excluded hereinbelow, and apportions said amount among the various funds and purposes as follows: For the GENERAL FUND, $0.7950 on each $100.00 of the taxable property in said City; For the LIBRARY FUND, $0.1500 on each $100.00 of the taxable property in said City; For the RECREATION AND PARK FUND, $0.0700 on each $100.00 of the taxable property in said City; For the CAPITAL IMPROVEMENT FUND, $0.1800 on each $100.00 of the taxable property in said City; For the RETIREMENT FUND, $0.4000 on each $100.00 of the taxable property in said City; and For BONDED INDEBTEDNESS as next hereinbelow set out, each $100.00 of the taxable property in the special areas hereinbelow set out. $0.0150 as next