HomeMy WebLinkAboutOrdinances (O-11-1806)-09/23/2011ORDINANCE 0-11-1806
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 2012;
ESTABLISHING THE AD VALOREM TAX RATE OF THIRTY-FIVE AND FIFTY-NINE
HUNDREDTHS CENTS ($.3559) PER ONE HUNDRED DOLLARS PROPERTY
ASSESSMENT; PROVIDING FOR APPORTIONMENT OF TAXES FOR INTEREST
AND SINKING FUND FOR CERTAIN BOND INDEBTEDNESS AND FOR GENERAL
OPERATING NEEDS, PROVIDING PENALTIES AND INTEREST FOR THE
DELINQUENT TAXES, AND TO BECOME EFFECTIVE ON OCTOBER 1, 2011
WHEREAS, a budget has been adopted by the City Council of the City of Colleyville,
Texas, covering the proposed expenditures of the municipal government
of the City of Colleyville for the fiscal year beginning October 1, 2011 and
ending September 30, 2012; and
WHEREAS, said budget reflects the needs for revenue to meet the expenses
proposed therein; and
WHEREAS, the City is required to accumulate an Interest and Sinking Fund for certain
outstanding bond indebtedness; and
WHEREAS, all statutory and constitutional requirements for the passage of this
ordinance have been adhered to, including but not limited to the Open
Meetings Act; and
WHEREAS, the City Council determines that the passage of this ordinance is in the
best interests of the health, safety and welfare of the public.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1. THAT there is hereby levied an ad valorem tax that shall be collected for
the use and support of the municipal government of the City of Colleyville.
It shall provide the legally required Interest and Sinking Fund for certain
outstanding bond indebtedness during the 2012 fiscal year. Such tax
shall be levied upon all property, real, personal or mixed within the
corporate limits of Colleyville, Texas, which is subject to taxation. The
rate of tax shall be thirty-five and fifty-nine hundredths cents ($.3559) on
each one hundred dollars ($100.00) property assessment. Said tax levied
for and apportioned to the following specific purposes:
A. For the General Fund, a tax rate of $.308812 is levied.
B. For the Interest and Sinking Fund, a tax rate of $.047088 is levied.
Ordinance 0-11-1806
Page 2 of 2
Sec. 2. THAT taxes levied by this ordinance shall be due and payable on the first
day of October 2011, and shall become delinquent on the first day of
February 2012, 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 2012. 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 September 6, 2011.
The second Reading and Public Hearing being conducted on September 20, 2011.
PASSED, APPROVED AND ADOPTED Y THE CITY COUNCIL OF THE CI Y OF
COLLEYVILLE, TEXAS, THIS THE DAY 2011,
BY THE FOLLOWING VOTE:
David Kelly ,A,, Carol Wollin
Michael Muhm Q`~ Stan Hall
Jody Short Tom Hart
Mike Taylor
ATT S . .
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Cynthia Singleton, TRMC, C C
City Secretary
APPROVED AS TO FORM AND LEGALITY:
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CITY OF COLLEYVILLE
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David Kelly
Mayor ~
Matthew C. G. Boyle
City Attorney