A CHARTER ORDINANCE EXEMPTING THE CITY OF YATES CENTER, KANSAS FROM THE PROVISIONS K.S.A. 79-5022 SETTING LEVY LIMITATIONS ON THE AGGREGATE AMOUNT PRODUCED BY PROPERTY TAX LEVIES.

Section 1. The City of Yates Center, Kansas, by and through the authority granted it in Article XII, Section V of the Constitution of the State of Kansas hereby elects to exempt itself and make inapplicable K.S.A. 79-5022 and all amendments thereto setting tax levy limitations on the aggregate amount produced by property tax levies together with all provisions thereof applicable to the City of Yates Center, Kansas, but which provisions do not apply uniformly to all taxing subdivisions, throughout the State of Kansas and the City of Yates Center, Kansas hereby provide substitute and additional provisions on the same subjects and matters set out in K.S.A. 79-5022.

Section 2. That from and after the effective date of this charter ordinance there shall be no legal limit for tax levies upon tangible property assessed in the City of Yates Center, Kansas, which in the aggregate will produce an amount in excess of the amount which was levied by the City of Yates Center, Kansas, during the year prior to the reappraisal year.

Section 3. That from and after the effective date of this charter ordinance there shall be no lid, limits, or constraints upon the fund levy limits for the City of Yates Center, Kansas for any year after the reappraisal year nor shall those fund levy limits be limited to an increase by multiplying the dollar amount produced by the levy limit for the year prior to the reappraisal year by the quotient determined by dividing the assessed tangible valuation amount for the current year by the assessed tangible valuation amount of the reappraisal year.

Section 4. From and after the effective date of this charter ordinance and for each year after the reappraisal year the aggregate levy limit for the City of Yates Center, Kansas, shall not be limited to nor controlled by the authorized aggregate levy limit in effect for the year prior to the reappraisal year. Furthermore, all tax levies existing or authorized hereafter by law shall not be limited to or subject to the aggregate limit prescribed and set out in K.S.A. 79-5022, and amendments thereto.

Section 5. That from and after the date that this charter ordinance becomes effective the provisions of K.S.A. 79-5029 requiring the approval of a majority of the electors of the City of Yates Center, Kansas, voting on a proposition to suspend the tax levy limitations allowed by K.S.A. 79-5022 shall not apply to the City of Yates Center, Kansas.

(5-28-1991; Amended by C.O. No. 14)