HomeMy WebLinkAboutOrdinances (ORDINANCE O-15-1968)-09/15/2015 ORDINANCE 0-15-1968
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 2016; ESTABLISHING THE AD VALOREM TAX
RATE OF THIRTY-FIVE AND FIFTY-NINE HUNDREDTHS CENTS
($.3559) PER ONE HUNDRED DOLLARS PROPERTY ASSESSMENT;
PROVIDING FOR APPORTIONMENT OF TAXES FOR INTEREST AND
SINKING FUND FOR CERTAIN BOND INDEBTEDNESS AND FOR
GENERAL OPERATING NEEDS, PROVIDING PENALTIES AND
INTEREST FOR THE DELINQUENT TAXES, AND TO BECOME EFFECTIVE
ON OCTOBER 1, 20115
WHEREAS, a budget has been adopted by the City Council of the City of
Colleyville, Texas, covering the proposed expenditures of the
municipal government of the City of Colleyville for the fiscal
year beginning October 1, 2015 and ending September 30,
2016; and
WHEREAS, said budget reflects the needs for revenue to meet the
expenses proposed therein; and
WHEREAS, the City is required to accumulate an Interest and Sinking Fund
for certain outstanding bond indebtedness; and
WHEREAS, all statutory and constitutional requirements for the passage of
this ordinance have been adhered to, including, but not limited
to, the Open Meetings Act; and
WHEREAS, the City Council determines that the passage of this ordinance
is in the best interests of the health, safety, and welfare of the
public.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1. THAT there is hereby levied an ad valorem tax that shall be
collected for the use and support of the municipal government
of the City of Colleyville. It shall provide the legally required
Interest and Sinking Fund for certain outstanding bond
indebtedness during the 2016 fiscal year. Such tax shall be
levied upon all property, real, personal, or mixed within the
corporate limits of Colleyville, Texas, which is subject to
Ordinance 0-15-1968
Page 2 of 3
taxation,. The rate of tax shall be thirty-five and fifty-nine
hundredths cents ($.3559) 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 $.336240 is levied.
B. For the Interest and Sinking Fund, a tax rate of $.019660 is
levied.
Sec. 2. THAT taxes levied by this ordinance shall be due and payable
on the first day of October 2015, and shall become delinquent
on the I first day of February 2016, 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 2016. The City of
Colleyvillle 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 readingandpublic hearingbeingconducted on the 1st dayof
September 2015.
The second reading Wand public hearing being conducted on the 15th day of
September 2015.
PASSED, APPROVED, and ADOPTED BX THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS, THIS THE (Jr DAY OF `5cb 2015,
BY THE FOLLOWING VOTE:
David Kelly Carol Wollin Atte-
Chuck Mogged Chris Putnam t41
Jody Short F1/4-4-4- Nancy Coplen -c
Mike Taylor 1Qc9 e..
''ATTEST: CITY OF COLLEYVILLE
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-:Amy 'i%elley, T' C David Kelly
City Secretary Mayor
Ordinance 0-15-1968
Page 3 of 3
APPROVED AS TO FORM AND LEGALITY:
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Matthew C. G. Boyle rick L. 54 /
City Attorney AssY Qt 4ffain►,
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