The Council must finally adopt, not later than the last regularly scheduled meeting in July, an ordinance levying upon the assessed valuation of the property of the City, subject to the provisions of this Charter, a rate of taxation upon each one hundred dollars or valuation sufficient to raise the amount estimated to be required in the annual budget, less the amounts estimated to be received from fines, licenses and other sources of revenue. The City Clerk shall then certify a copy of the tax levy ordinance to the county assessor, who shall compute and carry out the amount of the taxes so levied upon each parcel of property contained within the City limits.

(Election of 11-5-1985)