HomeMy WebLinkAboutOrdinances (O-14-1930)-09/16/2014 ORDINANCE 0-14-1930
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE,
TEXAS, LEVYING TAXES FOR THE OPERATION OF THE MUNICIPAL
GOVERNMENT OF THE CITY OF COLLEYVILLE, TEXAS, FOR THE FISCAL
YEAR 2015; ESTABLISHING THE AD VALOREM TAX RATE OF THIRTY-
FIVE AND FIFTY-NINE HUNDREDTHS CENTS ($3559) PER ONE
HUNDRED DOLLARS PROPERTY ASSESSMENT; PROVIDING FOR
APPORTIONMENT OF TAXES FOR INTEREST AND SINKING FUND FOR
CERTAIN BOND INDEBTEDNESS AND FOR GENERAL OPERATING
NEEDS, PROVIDING PENALTIES AND INTEREST FOR THE DELINQUENT
TAXES, AND TO BECOME EFFECTIVE ON OCTOBER 1, 2014
WHEREAS, a budget has been adopted by the City Council of the City of
Colleyville, Texas, covering the proposed expenditures of the
municipal government of the City of Colleyville for the fiscal year
beginning October 1, 2014 and ending September 30, 2015; and
WHEREAS, said budget reflects the needs for revenue to meet the expenses
proposed therein; and
WHEREAS, the City is required to accumulate an Interest and Sinking Fund
for certain outstanding bond indebtedness; and
WHEREAS, all statutory and constitutional requirements for the passage of
this ordinance have been adhered to, including, but not limited
to, the Open Meetings Act; and
WHEREAS, the City Council determines that the passage of this ordinance is
in the best interests of the health, safety, and welfare of the
public.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1. THAT there is hereby levied an ad valorem tax that shall be
collected for the use and support of the municipal government
of the City of Colleyville. It shall provide the legally required
Interest and Sinking Fund for certain outstanding bond
indebtedness during the 2015 fiscal year. Such tax shall be
levied upon all property, real, personal, or mixed within the
corporate limits of Colleyville, Texas, which is subject to
taxation. The rate of tax shall be thirty-five and fifty-nine
hundredths cents ($.3559) on each one hundred dollars
Ordinance 0-14-1930
Page 2 of 3
($100.00) property assessment. Said tax levied for and
apportioned to the following specific purposes:
A. For the General Fund, a tax rate of $.33461 is levied.
B. For the Interest and Sinking Fund, a tax rate of $.02129 is
levied.
Sec. 2. THAT taxes levied by this ordinance shall be due and payable on
the first day of October 2014, and shall become delinquent on
the first day of February 2015, if unpaid. Upon taxes becoming
delinquent, interest and penalty will be added as required in
Section 33.01 of the Texas Property Tax Code, and shall
commence on the first day of February 2015. The City of
Colleyville is hereby authorized to adopt any and all legal
remedies provided by the Texas Property Tax Code for the
purpose of collecting delinquent taxes.
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the 2nd day of
September 2014.
The second reading and public hearing being conducted on the 16th day of
September 2014.
PASSED, APPROVED, and ADOPTED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS, THIS THE ( L DAY OF `J>70434.,r- 2014,
BY THE FOLLOWING VOTE:
David Kelly Carol Wollin at-
Chuck Mogged Chris Putnam
Jody Short
1‘114' Tom Hart __ _
Mike Taylor Y4-e--
• -.ATTEST: CITY OF COLLEYVILLE
41 A fror
Array elley, • MC David Kelly
City Secretary Mayor
it
Ordinance 0-14-1930
Page 3 of 3
APPROVED AS TO FORM AND LEGALITY:
'NN t411
Matthew C. G. Boyle
City Attorney