HomeMy WebLinkAboutOrdinances (Ordinance O-22-2221)-09/20/2022ORDINANCE 0-22-2221
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 2023; ESTABLISHING THE AD VALOREM TAX RATE OF
$0.265618 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, 2022
EREAS, 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, 2022 and ending September 30, 2023; and
HEREAS, 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
EREAS, 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.
THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
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 2023 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 $0.265618 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 $0.256026 is levied.
B. For the Interest and Sinking Fund, a tax rate of $.009592 is
levied.
Ordinance 0-22-2221
Page 2 of 2
Sec. 2. THAT taxes levied by this ordinance shall be due and payable on
the first day of October 2022, and shall become delinquent on
the first day of February 2023, 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 2023. 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 6th day of
September 2022.
The second reading and public hearing being conducted on the 20th day of
September 2022.
APPROVED BY A VOTE OF 7 AYES, 0 NAYS, ON THIS THE 20th DAY OF
SEPTEMBER 2022.
Mayor Bobby Lindamood Aye Mayor Pro Tern Kathy Wheat Aye
Brandi Elder, Place 1 Aye George Bond, Place 2 Aye
George Dodson, Place 4 Aye Chuck Kelley, Place 5 Aye
Callie Rigney, Place 6 Aye
ATTEST:
Christine Leven, TRMC
City Secretary
APPROVED AS TO FORM:
w itt yatt
City Attorney
CITY OF COLLEYVILLE
Bobby indamood
Mayor