HomeMy WebLinkAboutOrdinances (O-21-2171)-09/21/2021ORDINANCE 0-21-2171
_EVYING TAXES FOR THE OPERATION OF THE MUNICIPAL
3OVERNMENT OF THE CITY OF COLLEYVILLE, TEXAS, FOR THE
=ISCAL YEAR 2022; ESTABLISHING THE AD VALOREM TAX RATE
)F $0.291778 PER ONE HUNDRED DOLLARS VALUATION;
)ROVIDING FOR APPORTIONMENT OF TAXES FOR INTEREST AND
iINKING FUND FOR CERTAIN BOND INDEBTEDNESS AND FOR
3ENERAL OPERATING NEEDS, PROVIDING PENALTIES AND
:NTEREST FOR THE DELINQUENT TAXES, AND TO BECOME EFFECTIVE
)N OCTOBER 1, 2021
HEREAS, 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, 2021 and ending September 30,
2022; and
REAS, said budget reflects the needs for revenue to meet the
expenses proposed therein; and
REAS, the City is required to accumulate an Interest and Sinking Fund
for certain outstanding bond indebtedness; and
REAS, the City Council desires to lower the current tax rate to the
effective tax rate, to provide relief to property owners from
increasing property values.
OW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
ITY OF COLLEYVILLE, TEXAS:
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 2022 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 $0.291778 on each $100.00
property assessment. Said tax levied for and apportioned to
the following specific purposes:
A. For the General Fund, a tax rate of $0.280687 is levied.
B. For the Interest and Sinking Fund, a tax rate of $.011091 is
levied.
Ordinance 0-21-2171
Page 2 of 2
Sec. 2. THAT taxes levied by this ordinance shall be due and payable
on the first day of October 2021, and shall become delinquent
on the first day of February 2022, 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 2022. 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 7th day of
September 2021.
The second reading and public hearing being conducted on the 21st day of
September 2021.
APPROVED BY A VOTE OF 6 AYES, 0 NAYS ON THIS THE 21sT DAY OF
SEPTEMBER 2021.
Mayor Richard Newton
Ave
Place 1, Tammy Nakamura
Abs
Place 4, George Dodson
Ave
Place 6, Callie Rigney
Ave
ATTEST:
Christine Loven, TRMC
City Secretary
APPROVED AS TO FORM:
Whitt L. Wyatt
City Attorney
Mayor Pro Tern Bobby Lindamood Ave
Place 3, Kathy Wheat Abe
Place 5, Chuck Kelley Ave
CITY OF COLLEYVILLE
Richard Newton
Mayor