HomeMy WebLinkAboutOrdinances (O-91-840)-09/17/1991
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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 1991-92 FISCAL YEAR; ESTABLISHING THE AD VALOREM TAX RATE OF TWENTY-SIX
AND FIFTY-FIVE HUNDREDS CENTS ($.2655) PER ONE HUNDRED DOLLARS PROPERTY
ASSESSMENT; PROVIDING FOR APPORTIONMENT OF TAXES FOR INTEREST AND SINKING FUND
FOR CERTAIN BOND INDEBTEDNESS AND FOR GENERAL OPERATING NEEDS, AND PROVIDING
PENALTIES AND INTEREST FOR THE DELINQUENT TAXES TO BECOME EFFECTIVE ON OCTOBER
1, 1991
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WHEREAS,
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WHEREAS,
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WHEREAS,
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THEREFORE,
Sec. 1.
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Sec. 2.
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ORDINANCE 0-91-840
a budget has been adopted by the City Council of the City of
colleyville, Texas, covering the proposed expenditures of the
municipal government of the city of Colleyville for the fiscal year
beginning October 1, 1991 and ending september 30, 1992, and,
said budget reflects the needs for revenue to meet the expenses
proposed therein; and,
the City is required to accumulate an Interest and sinking Fund for
certain outstanding bond indebtedness;
BE ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS:
THAT there is hereby levied an ad valorem tax that shall be
collected, for the use and support of the municipal government of
the City of colleyville. It shall provide the legally required
interest and sinking fund for certain outstanding bond indebtedness
1991-92 fiscal or budget year. Such tax shall be levied upon all
property, real, personal or mixed within the corporate limits of
Colleyville, Texas, which is subject to taxation. The rate of tax
shall be twenty-six and fifty-five hundred cents .2655 cents
($.2655) 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 $.2322 is levied.
B. For the General Interest and Sinking Fund, a tax rate of
$.0333 is levied.
Taxes levied by this ordinance shall be due and payable on the first
day of October, 1991, and shall become delinquent on the first day
of February, 1992, 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, 1992. 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.
Ordinance 0-91-840
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TEXAS, THIS THE 17th DAY OF SEPTEMBER, 1991 BY THE FOLLOWING VOTE:
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Linda Ahlers
Steve McKain
Ed MqKnight
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Richard Newton '/ [ ~.
Cheryl Feigel Y (' S
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The 1st Reading and Public Hearing being conducted on August 20, 1991.
6 The 2nd Reading and Public Hearing being conducted on september 3, 1991.
The 3rd Reading and Public Hearing being conducted on September 17, 1991.
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ATTEST:
APPROVED:
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Mayor
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JaAet E. Hofstro~
City Secretary
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APPROVED AND TO FORM AND LEGALITY:
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Ross T. Foster
City Attorney
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