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86-35 PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX SUFFICIENT TO PAY THE ANNUAL RENT
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86-35 PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX SUFFICIENT TO PAY THE ANNUAL RENT
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Last modified
8/29/2016 10:02:21 AM
Creation date
8/29/2016 10:02:19 AM
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Resolution/Ordinance
Res Ord Num
86-35
Res Ord Title
PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX SUFFICIENT TO PAY THE ANNUAL RENT PAYABLE UNDER A LEASE ENTERED INTO AMONG THE DECATUR PUBLIC BUILDING COMMISSION, THE COUNTY OF MACON, AND THE CITY OF DECATUR...
Approved Date
5/12/1986
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. ' r <br /> Year Rental <br /> 1988 $340,882. 58 <br /> 1989 502,825. 15 <br /> 1990 511,603.90 <br /> 1991 520,005. 40 <br /> 1992 527,719.15 <br /> 1993 538,479.00 <br /> 1994 547,103.85 <br /> 1995 558,683. 45 <br /> 1996 569,620. 50 <br /> 1997 581,035.65 <br /> 1998 554,174. 30 <br /> 1999 568,358.75 <br /> 2000 582,864. 38 <br /> 2001 597,663 . 88 <br /> 2002 612,615. 63 <br /> 2003 630,956. 88 <br /> 2004 648,106. 25 <br /> 2005 399,482. 38 <br /> E. The City or the County, in their sole discretion, <br /> may pay in advance any portion of the annual rental, in which <br /> event the Commission shall credit the City or the County, as the <br /> case may be, with such advance payment or payments, and any and <br /> all advance payments to be made shall be held in the Revenue Fund I <br /> established by the Bond Resolution and invested and be applied to <br /> the payment of the rent for the year or years for which the ad- <br /> vance payment or payments was or were made, all in accordance <br /> with the terms of this Lease and the Bond Resolution. <br /> F. The City and the County each represent and warrant <br /> that their obligation to make rental payments hereunder con- <br /> stitutes a general obligation for the payment of which their <br /> respective full faiths and credits are hereby pledged. Upon the <br /> execution of thi.s Lease, the City and the County shall provide by <br /> separate resolution or ordinance, as the case may be, for. the <br /> levy and collection of a direct annual tax sufficient to pay <br /> -9- <br />
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