HomeMy WebLinkAboutOrdinances (O-13-1883)-09/17/2013 ORDINANCE 0-13-1883
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 2014; ESTABLISHING THE AD VALOREM TAX
RATE OF THIRTY-FIVE AND FIFTY-NINE HUNDREDTHS CENTS
($.3559) PER ONE HUNDRED DOLLARS PROPERTY ASSESSMENT;
PROVIDING FOR APPORTIONMENT OF TAXES FOR INTEREST AND
SINKING FUND FOR CERTAIN BOND INDEBTEDNESS AND FOR
GENERAL OPERATING NEEDS, PROVIDING PENALTIES AND
INTEREST FOR THE DELINQUENT TAXES, AND TO BECOME EFFECTIVE
ON OCTOBER 1, 2013
WHEREAS, a budget has been adopted by the City Council of the City of
Colleyville, Texas, covering the proposed expenditures of the
municipal government of the City of Colleyville for the fiscal
year beginning October 1, 2013 and ending September 30,
2014; and
WHEREAS, said budget reflects the needs for revenue to meet the
expenses proposed therein; and
WHEREAS, the City is required to accumulate an Interest and Sinking Fund
for certain outstanding bond indebtedness; and
WHEREAS, all statutory and constitutional requirements for the passage of
this ordinance have been adhered to, including, but not limited
to, the Open Meetings Act; and
WHEREAS, the City Council determines that the passage of this ordinance
is in the best interests of the health, safety, and welfare of the
public.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1. THAT there is hereby levied an ad valorem tax that shall be
collected for the use and support of the municipal government
of the City of Colleyville. It shall provide the legally required
Interest and Sinking Fund for certain outstanding bond
indebtedness during the 2014 fiscal year. Such tax shall be
levied upon all property, real, personal, or mixed within the
corporate limits of Colleyville, Texas, which is subject to
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taxation. The rate of tax shall be thirty-five and fifty-nine
hundredths cents ($.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 $.32442 is levied.
B. For the Interest and Sinking Fund, a tax rate of $.03148 is
levied.
Sec. 2. THAT taxes levied by this ordinance shall be due and payable
on the first day of October 2013, and shall become delinquent
on the first day of February 2014, 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 2014. 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 3rd day of
September 2013.
The second reading and public hearing being conducted on the 17th day of
September 2013.
PASSED, APPROVED, and ADOPTED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS, THIS THE / DAY OF . efiket bsr- 2013,
BY THE FOLLOWING VOTE:
David Kelly -4, Carol Wollin may-`
Chuck Mogged :�, -4- Stan Hall
Jody Short Tom Hart pits,
Mike Taylor ��
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Ordinance 0-13-1883
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ATTEST: CITY OF COLLEYVILLE
211 sic
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Amy Shelley, TRMC David Kelly
City Secretary Mayor
APPROVED AS TO FORM AND LEGALITY:
Matthew C. G. Boyle
City Attorney