HomeMy WebLinkAboutOrdinances (O-00-1237)-09/05/2000
ORDINANCE 0-00-1237
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 2000-2001 FISCAL YEAR; ESTABLISHING
THE AD VALOREM TAX RATE OF THIRTY FOUR AND SEVENTY FOUR
HUNDREDTHS CENTS ($.3474) PER ONE HUNDRED DOLLARS PROPERTY
ASSESSMENT; PROVIDING FOR APPORTIONMENT OF TAXES FOR INTEREST AND
SINKING FUND FOR CERTAIN BOND INDEBTEDNESS AND FOR GENERAL
OPERATING NEEDS, PROVIDING PENALTIES AND INTEREST FOR THE
DELINQUENT TAXES, AND TO BECOME EFFECTIVE ON OCTOBER 1, 2000.
WHEREAS, a budget has been adopted by the City Council of the City of Colleyville,
Texas, covering the proposed expenditures of the municipal government of
the City of Colleyville for the fiscal year beginning October 1, 2000 and
ending September 30,2001; and,
WHEREAS, said budget reflects the needs for revenue to meet the expenses proposed
therein; and,
WHEREAS, the City is required to accumulate an Interest and Sinking Fund for certain
outstanding bond indebtedness.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1.
Sec. 2.
THAT there is hereby levied an ad valorem tax that shall be collected for the
use and support of the municipal government of the City of Colleyville. It
shall provide the legally required interest and sinking fund for certain
outstanding bond indebtedness 2000-2001 fiscal or budget year. Such tax
shall be levied upon all property, real, personal or mixed within the corporate
limits of Colleyville, Texas, which is subject to taxation. The rate of tax shall
be thirty four and seventy four hundredths cents ($.3474) 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 $.2630 is levied.
B. For the Interest and Sinking Fund, a tax rate of $.0844 is levied.
THAT taxes levied by this ordinance shall be due and payable on the first day
of October, 2000, and shall become delinquent on the first day of February,
2001, 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, 2001. 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.
Ordinance 0-00-1237
Page 2 of 2
AND IT IS SO ORDERED.
The first Reading and Public Hearing being conducted on August 15, 2000.
The second Reading and Public Hearing being conducted on September 5, 2000.
PASSED, APPROVED AND ADOP~ BY THE CITY COX~ OF THE CITY OF
COLLEYVILLE, TEXAS, THIS THE , DAY OF 64>" if, 2000 BY THE
FOLLOWING VOTE:
Jody Short ~
Dana Feldman ~ f#1L
Ginny Tigue fJ.J!.L-
Michael Taylor ff{t
Dennis Marlin
ATTEST:
)j~
APPROVED:
K~
Mayor
Je Harris, TRMC, CMC
City Secretary