HomeMy WebLinkAboutOrdinances (ORDINANCE O-16-1990)-09/20/2016ORDINANCE 0-16-1990
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 2017; ESTABLISHING THE AD VALOREM TAX
RATE OF THIRTY THREE THOUSAND AND NINE HUNDRED THIRTEEN
HUNDRED-THOUSANDTHS CENTS ($.33913) PER ONE HUNDRED
DOLLARS VALUATION; PROVIDING FOR APPORTIONMENT OF TAXES
FOR INTEREST AND SINKING FUND FOR CERTAIN BOND
INDEBTEDNESS AND FOR GENERAL OPERATING NEEDS, PROVIDING
PENALTIES AND INTEREST FOR THE DELINQUENT TAXES, AND TO
BECOME EFFECTIVE ON OCTOBER 1, 2016
WHEREAS, a budget has been adopted by the City Council of the City of
Colleyville, Texas, covering the proposed expenditures of the
municipal government of the City of Colleyville for the fiscal
year beginning October 1, 2016 and ending September 30,
2017; and
WHEREAS, said budget reflects the needs for revenue to meet the
expenses proposed therein; and
WHEREAS, the City is required to accumulate an Interest and Sinking Fund
for certain outstanding bond indebtedness; and
WHEREAS, all statutory and constitutional requirements for the passage of
this ordinance have been adhered to, including, but not limited
to, the Open Meetings Act; and
WHEREAS, the City Council determines that the passage of this ordinance
is in the best interests of the health, safety, and welfare of the
public.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1. THAT there is hereby levied an ad valorem tax that shall be
. collected for the use and support of the municipal government
of the City of Colleyville. It shall provide the legally required
Interest and Sinking Fund for certain outstanding bond
indebtedness during the 2017 fiscal year. Such tax shall be
levied upon all property, real, personal, or mixed within the
corporate limits of Colleyville, Texas, which is subject to
Ordinance 0-16-1990
Page 2 of 3
taxation. The rate of tax shall be thirty three thousand and
nine hundred thirteen hundred-thousandths cents ($.33913) on
each one hundred dollars ($100.00) property assessment. Said
tax levied for and apportioned to the followi ng specific
p u rposes :
A. For the General Fund, a tax rate of $.321908 is levied.
B. For the Interest and Sinking Fund, a tax rate of $.017222 is
levied.
Sec. 2. THAT taxes levied by this ordinance shall be due and payable
on the first day of October 2016, and shall become delinquent
on the first day of February 2017, 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 2017. 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.
AN D IT IS SO O RD E RE D.
The first reading and public hearing being conducted on the 6t" day of
Septem ber 2016.
The second reading and public hearing being conducted on the 20th day of
Septem ber 2016.
APPROVED BY A VOTE OF � AYES, C� NAYS, AND p ABSTENTIONS ON
THIS TH E 20T" DAY OF SEPTEM BER 2016.
Mayor Richa rd Newton .�• Mayor Pro Tem Ch ris Putna m .�
Place 1, Tammy Nakamura ,�,,, Place 5, Nancy Coplen �.
Place 2, Bobby Lindamood .c, Place 6, Mike Taylor .�
Place 4, Jody Short
ATTEST:
Ar�. - �helley, RMC
City Secreta ry
CITY OF COLLEYVILLE
� � -______
Richard Newton
Mayor
Ordinance 0-16-1990
� Pa g e 3 of 3
APPROVED AS TO FORM AND LEGALITY:
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City Attorney