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Las Vegas City Commission Minutes, May 26, 1952 to February 17, 1954, lvc000008-260

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lvc000008-260
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Las Vegas City Commission Minutes, May 26, 1952 to February 17, 1954
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244 SCHEDULE NO. 2A BONDED INDEBTEDNESS OF - City-of Las Vegas,-Nevada - - _ — Name of Bond Date of Issue Int. Rate Amount of Isue Annual R e d e m p t i o n Requirements 1953 Interest Total 1946 Police Station 1-1-46 1.5% 140,000.00 7,000.00 $1,417.50 $8,417.50 1947 Police Station, Ser. "A" 10-1-47 2.75% 125,000.00 6,000.00 2,475.00 8,475.00 1946 Swimming Pool 1-1-46 1.75# 160,000.00 8,000.00 1,890.00 9,890.00 Storm Sewer, Ser. Jan. 1948 1-1-48 2.5# 250,000.00 13,000.00 5,037.50 18,037.50 Swimming Pool, Ser. ”A" 4-1-47 2.25 & 3# 100,000.00 5,000.00 1,631.25 6,631.25 Sewage Disposal, Ser. May 1948 5-1-48 3% 350,000.00 3 5 ,0 0 0 .0 0 5,775.00 40,775.00 Sewer Bonds, Ser. July 1, 1949 7-1-49 3# 350,000.00 18,000.00 9,180.00 27,180.00 TOTAL GENERAL OBLIGATION $9 2 ,0 0 0 .0 0 $2 7 ,4 0 6 .2 5 $119,406.25 Biltmore Street Lighting 1-1-50 5# 1 2 ,5 2 8 .5 6 1 ,0 0 0 .0 0 525.00 1,525.00 l4th Street Sanitary Sewer 3-1-50 4# 1 9 ,2 1 3 . 7 4 2,000.00 680.00 2,680.00 West Charleston Sewer 8-1 - 5 0 3.75 &4% 2 5 ,3 9 1 .9 6 2,000.00 877.50 2,877.50 200-3 Sanitary Sewer 1-1-51 3.45# 4 3 ,2 7 4 .9 3 6 ,3 0 0 .0 0 2,044.80 8,344.80 200-1 Sanitary Sewer 1-1-51 3 .4 5 # 25,714.47 2 ,6 0 0 .0 0 1,012.80 3,612.80 100-3 Street Improvement 1-1-51 3.45% 18,232.40 1,800.00 651.30 2,451.30 100-4 Street Improvement 1-1-51 3.45% 14,271.73 1,800.00 458.10 2,258.10 100-2 Street Improvement 1-1-51 3.4% 225,463.75 25,500.00 6,800.00 32,300.00 100-6 Street Improvement 12-1-51 4# 108,830.71 15,900.00 3,728.00 19,628.00 100-16 Street Improvement 7-1-52 4.4% 335,608.26 48,208.26 14,766.76 62,975.02 100-17 Street Improvement 7-1-52 4.4# 273,971.88 52,371.88 12,054.76 64,426.64 200-5 Sanitary Sewer (To be sold 1953) 9-1-52 4.4# 19,510.10 _3,510.00 858.44 4,368.54 TOTAL GENERAL SPECIAL OBLIGATION $162,990.24 $44,457.46 $207,447.70 GRAND TOTAL BONDS $254,990.24 $71,863.71 $326,853.95 TOTAL OUTSTANDING DECEMBER 31, 1952 $98,000.00 9 0 ,0 0 0 .0 0 112, 000. 00- 208,000.00 75,000.00 210,000.00 3 0 6 , 000.00_________ $ 1 , 099,000.00 11, 000. 00 18,000.00 2 3 ,0 0 0 .0 0 38,400.00 22,400.00 15,400.00 9,800.00 2 0 0 , 00 .0 0 9 3 , 200.00 335,608/26 . . $1,040,780.14 TOTAL $2,139,780.14 GRAND BUDGET FORMULA RECEIPTS EXPENDITURES A, Unencumbered balance l/l/53. $548,545.72 B. Revenue from taxes already levied. 386,427.46 C. Nontax Revenues 1953 . . . . . 1,786.264.93 D. Expenditures 1953 ............ $2,679,064.67 E. Nontax Revenues 1954 . . . . .1,472,470.00 F. Expenditures 1954 .............. 2,152,743.44 TOTAL GENERAL OBLIGATION Balance, taxes to be levied . . $638,000.00 Total (Receipts equal expenditures $4,831,808.11 $4,831,808.11 H. Divide G. by assessed valuation to find tax r a t e ............$1.45 $ We hereby approve the above budget of the City of Las Vegas for the year 1953. s/ C.D. BAKER Mayor s/ WENDELL BUNKER Councilman s/ REED WHIPPLE Councilman s/ WILLIAM PECCOLE Councilman GENERAL SPECIAL OBLIGATION s/ REX A. JARRETT s/ Shirley Ballinger Councilman TOTAL BONDS City Clerk Dated February 6, 1953