Loading...
HomeMy WebLinkAboutCity Council Ordinance 1998-45CITY OF PLYMOUTH HENNEPIN COUNTY, MINNESOTA ORDINANCE NO. 98-45 AN ORDINANCE AMENDING CHAPTER III OF THE PLYMOUTH CITY CODE CONCERNING TAX LEVIES THE CITY OF PLYMOUTH ORDAINS: SECTION 1. Chapter III of the Plymouth City Code is amended by adding Section 325 to read as follows: Section 325 - Tax Levies 325.01. Increase in Tax Rate. A two thirds majority of all members of the City Council is required to adopt a tax levy resolution that increases the City's tax rate over the prior year. Tax rate means the quotient derived by dividing the City's tax levy by the City's net tax capacity. 325.03 Repeal. This Section may not be repealed or amended until after a public hearing has been held by the City Council. A notice of the time, place, and purposes of the hearing shall be published in the City's official newspaper twice. The two publications shall be a week apart and the hearing shall be at least three days after the last publication. A repealing ordinance shall not take effect for a period of one year after its adoption. SECTION 2. This ordinance shall be effective immediately upon its passage and adoption. ADOPTED by the City Council this 10' day of December, 1998. ATTEST: La e F. Ahrens, City Clerk Ax o el Tierney, Mayor _14