AN ORDINANCE

BY: VICE MAYOR BYINGTON

NO.

PROVIDING FOR AN ELECTION ON THE QUESTION OF A TAX LEVY IN EXCESS OF THE TEN-MILL LIMITATION FOR CURRENT EXPENSES AND THE GENERAL OPERATION OF THE CITY.

WHEREAS, Council of the city of Oakwood has previously declared the necessity of a tax levy in excess of the ten-mill limitation for the purpose of meeting current expenses for the general operation of the city’s governmental services, and has requested that the county auditor certify the total current tax valuation of the subdivision, and the number of mills for each one dollar of taxable value necessary to generate a specified amount of revenue; and

WHEREAS, having received the county auditor’s certification, Council desires to proceed with placing the matter on the ballot for the next special election;

NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF OAKWOOD, MONTGOMERY COUNTY, OHIO:

SECTION I.
That pursuant to the provisions of Section 5705.03 of the Revised Code, Council hereby declares that the amount of taxes which may be raised within the 10-mill limitation will be insufficient to meet the current expenses for the general operation of the city’s governmental services, and hereby determines to proceed with submitting the question of an additional tax levy to the electors of the city of Oakwood as set forth herein.

SECTION II.
The question of an additional levy of 2.41 mills for the purpose of meeting current expenses for the general operation of the city’s governmental services for a period of five (5) years beginning with the tax list and duplicate for tax year 2024, the proceeds of which first would be available to the city in calendar year 2025, shall be submitted under the provisions of Section 5705.19(A) of the Revised Code to the electors of the city at the election to be held on the 19^th day of March, 2024, as authorized by law. Said election shall be held at the regular places of voting in said District as established by the Montgomery County Board of Elections, or otherwise, within the times provided by law, and shall be conducted, canvassed and certified in the manner provided by law. If a majority of the voters voting thereon vote in favor thereof, said levy will be first placed on the tax list and duplicate for the tax year 2024 for collection in calendar year 2025.

SECTION III.
The form of the ballot to be cast at the election on the question of this tax levy shall be substantially as follows:

PROPOSED TAX LEVY
CITY OF OAKWOOD

A majority affirmative vote is necessary for passage.

An additional tax for the benefit of the city of Oakwood for the purpose of meeting current expenses, that the county auditor estimates will collect $1,137,224 annually, at a rate not exceeding 2.41 mills for each $1 of taxable value, which amounts to $84 for each $100,000 of the county auditor’s appraised value, for a period of five (5) years, commencing in 2024 and first due in calendar year 2025.

	FOR THE TAX LEVY
	AGAINST THE TAX LEVY

SECTION IV.
The Clerk of this Council is hereby authorized and directed to certify a copy of this ordinance, along with the county auditor’s certification of valuation and a copy of Resolution No. 1915, to the Montgomery County Board of Elections not later than December 20, 2023, and to provide any other notice of said election as provided by law.

SECTION V.
It is found and determined that all formal actions of this Council concerning and relating to the adoption of this ordinance were adopted in an open meeting of this Council, and that all deliberations of this Council and of any of