HomeMy WebLinkAboutOrdinances (O-12-1851)-09/18/2012ORDINANCE 0-12-1851
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 2013; ESTABLISHING THE AD VALOREM TAX RATE OF
THIRTY-FIVE AND FIFTY-NINE HUNDREDTHS CENTS ($.3559) PER
ONE HUNDRED DOLLARS PROPERTY ASSESSMENT; PROVIDING FOR
APPORTIONMENT OF TAXES FOR INTEREST AND SINKING FUND FOR
CERTAIN BOND INDEBTEDNESS AND FOR GENERAL OPERATING
NEEDS, PROVIDING PENALTIES AND INTEREST FOR THE
DELINQUENT TAXES, AND TO BECOME EFFECTIVE ON OCTOBER 1,
2012
WHEREAS, a budget has been adopted by the City Council of the City of
Colleyville, Texas, covering the proposed expenditures of the
municipal government of the City of Colleyville for the fiscal year
beginning October 1, 2012 and ending September 30, 2013; and
WHEREAS, said budget reflects the needs for revenue to meet the expenses
proposed therein; and
WHEREAS, the City is required to accumulate an Interest and Sinking Fund
for certain outstanding bond indebtedness; and
WHEREAS, all statutory and constitutional requirements for the passage of
this ordinance have been adhered to, including but not limited to
the Open Meetings Act; and
WHEREAS, the City Council determines that the passage of this ordinance is
in the best interests of the health, safety and welfare of the
public.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1. THAT there is hereby levied an ad valorem tax that shall be
collected for the use and support of the municipal government of
the City of Colleyville. It shall provide the legally required
Interest and Sinking Fund for certain outstanding bond
indebtedness during the 2013 fiscal year. Such tax shall be levied
upon all property, real, personal or mixed within the corporate
limits of Colleyville, Texas, which is subject to taxation. The rate
of tax shall be thirty-five and fifty-nine hundredths cents
Ordinance 0-12-1851
Page 2 of 3
($.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 $.31385 is levied.
B. For the Interest and Sinking Fund, a tax rate of $.04205 is
levied.
Sec. 2. THAT taxes levied by this ordinance shall be due and payable on
the first day of October 2012, and shall become delinquent on the
first day of February 2013, 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 2013. 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 the 4th day of
September 2012.
The second reading and pub~ic hearing being conducted on the 18t" day of
September 2012.
PASSED, APPROVED and ADOPTED B~HE CITY COUNCIL F TFjE CITY OF
COLLEYVILLE, TEXAS, THIS THE DAY OF ~ 012,
BY THE FOLLOWING VOTE:
David Kelly Carol Wollin ~_.R.,
Michael Muhm Stan Hall ~
Jody Short ~ Tom Hart ~
Mike Taylor ~
A'
CITY OF COLLEYVILLE
/, ' 07~~..J
~
Cynthia Singleton, TRMC, MC David Kelly
City Secretary Mayor
Ordinance 0-12-1851
Page 3 of 3
APPROVED AS TO FORM AND LEGALITY:
,~~~ ~' ~.
Matthew C. G. Boyle
City Attorney