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HomeMy WebLinkAboutCity Council Ordinance 1998-19City of Plymouth Hennepin County, Minnesota Ordinance 98-19 AN ORDINANCE AMENDING THE PLYMOUTH CITY CHARTER CONCERNING TAXATION Preamble WHEREAS, Minn. Stat. 410.12, Subd 5 authorizes the City Council to propose charter amendments to the voters by ordinance. THE CITY OF PLYMOUTH ORDAINS: SECTION 1. Chapter 7 of the City Charter is amended by adding Section 7.15 to read: 7.15 Increase in Tax Rate. The Council may by ordinance require a two-thirds majority of all members of the Council to adopt a tax levy resolution that increases the City's tax rate over the prior year. Tax rate mans the quotient derived by dividing the City's tax levy by the City's net tax capacity. The ordinance, if adopted, may not be repealed until after a public hearing has been held by the City Council. A notice of the time, place, and purpose of the hearing shall be published in the City's official newspaper at least ten (10) days prior to the day of the hearing. A repealing ordinance shall take effect one year after its adoption. SECTION 2. Effective Date. This ordinance shall become effective only when approve by the voters as provided in Minn. Stat. 410.12, Subd. 4. J lyn bf Tierney, Mayor ATTEST: L urie F. Ahrens, City Clerk ADOPTED by the City Council this 20th day of May, 1998.