HomeMy WebLinkAboutOrdinances (O-93-921)-09/21/1993
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ORDINANCE 0-93-921
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 1993-94 FISCAL YEAR;
ESTABLISHING THE AD VALOREM TAX RATE OF THIRTY ONE CENTS ($.3100)
PER ONE HUNDRED DOLLARS PROPERTY ASSESSMENT; PROVIDING FOR
APPORTIONMENT OF TAXES FOR INTEREST AND SINKING FUND FOR CERTAIN
BOND INDEBTEDNESS AND FOR GENERAL OPERATING NEEDS, AND PROVIDING
PENALTIES AND INTEREST FOR THE DELINQUENT TAXES TO BECOME EFFECTIVE
ON OCTOBER 1, 1993
WHEREAS, a budget has been adopted by the City Council of the City
of Colleyville, Texas, covering the proposed expenditures
of the municipal government of the City of Colleyville
for the fiscal year beginning October 1, 1993 and ending
September 30, 1994, and,
WHEREAS, said budget reflects the needs for revenue to meet the
expenses proposed therein; and,
WHEREAS, the ci ty is required to accumulate an Interest and
Sinking Fund for certain outstanding bond indebtedness;
THEREFORE, BE ORDAINED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1. THAT there is hereby levied an ad valorem tax that shall
be collected, for the use and support of the municipal
government of the city of colleyville. It shall provide
the legally required interest and sinking fund for
certain outstanding bond indebtedness 1993-94 fiscal or
budget year. Such tax shall be levied upon all property,
real, personal or mixed within the corporate limits of
Colleyville, Texas, which is subject to taxation. The
rate of tax shall be Thirty One and Cents ($.3100) on
each One Hundred Dollars ($100.00) property assessment.
Said tax levied for and apportioned to the following
specific purposes:
A. For the General Fund, a tax rate of $.2391 is
levied.
B. For the Interest and sinking Fund, a tax rate of
$.0709 is levied.
Sec. 2.
Taxes levied by this ordinance shall be due and payable
on the first day of October, 1993, and shall become
delinquent on the first day of February, 1994, 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, 1994. 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.
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The 1st Reading and Public Hearing being conducted on August 31,
1993.
The 2nd Reading and Public Hearing being conducted on September 7,
1993.
The 3rd Reading and Public Hearing being conducted on September 21,
1993.
PASSED, APPROVED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS, THIS THE eX/:#- DAY OF .5e~ttW\.l-Jlr , 1993
BY THE FOLLOWING VOTE: .
Jim Moore
Steve McKain
Ed McKnight
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Manny Montes
Cheryl Feigel
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ATTEST: ~~
~s, CMC
City Secretary
APPROVED:
c;J; /U-
Richard Newton
Mayor
AP~~
Ross T.~oster
City Attorney
FORM AND LEGALITY:
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