HomeMy WebLinkAboutOrdinances (O-99-1176)-09/21/1999
ORDINANCE 0-99-1176
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS,
LEVYING TAXES FOR THE OPERATION OFTHE MUNICIPAL GOVERNMENT OF THE
CITY OF COLLEYVILLE, TEXAS, FOR THE 1999-2000 FISCAL YEAR; ESTABLISHING
THE AD VALOREM T AX RATE OF THIRTY FOUR AND SEVENTY FOUR
HUNDREDTHS CENTS ($.3474) PER ONE HUNDRED DOLLARS PROPERTY
ASSESSMENT; PROVIDING FOR APPORTIONMENT OF TAXES FOR INTEREST AND
SINKING FUND FOR CERTAIN BOND INDEBTEDNESS AND FOR GENERAL
OPERATING NEEDS, PROVIDING PENALTIES AND INTEREST FOR THE
DELINQUENT TAXES, AND TO BECOME EFFECTIVE ON OCTOBER 1, 1999.
WHEREAS, a budget has been adopted by the City Council of the City of Colleyville,
Texas, covering the proposed expenditures of the municipal government of
the City of Colleyville for the fiscal year beginn ing October 1, 1999 and
ending September 30, 2000, and,
WHEREAS, said budget reflects the needs for revenue to meet the expenses proposed
therein; and,
WHEREAS, the City is required to accumulate an Interest and Sinking Fund for certain
outstanding bond indebtedness;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVI LLE, TEXAS:
Sec. 1. THAT there is hereby levied an ad valorem tax that shall be collected for
the use and support of the municipal government of the City of Colleyville.
It shall provide the legally required interest and sinking fund for certain
outstanding bond indebtedness 1999-2000 fiscal or budget year. Such tax
shall be levied upon all property, real, personal or mixed within the
corporate limits of Colleyville, Texas, which is subject to taxation. The rate
of tax shall be thirty four and seventy four hundredths cents ($.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 $.2573 is levied.
B. For the Interest and Sinking Fund, a tax rate of $.0901 is levied.
Sec. 2.
THAT taxes levied by this ordinance shall be due and payable on the first
day of October, 1999, and shall become delinquen t on the first day of
February, 2000, 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, 2000. 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
delinq uent taxes.
Ordinance 0-99-1176
Page 2 of 2
AND IT IS SO ORDERED.
The first Reading and Public Hearing being conducted on September 7, 1999.
The second Reading and Public Hearing being conducted on September 21, 1999.
PASSED, APPROVED AND ADOPTED~BY THE CITY COUN~L OF THE CITY OF
COLLEYVILLE, TEXAS, THISTHE~ DAY OF (Se..pffm #f ,1999 BYTHE
FOLLOWING VOTE:
Jody Short ~
Frank Carroll .f.#ff;-
Ginny Tigue iJ.f&
Michael Taylor ~
Nelson Thibodeaux ~
ATTEST: ;J..~
~MC
City Secretary
APPROVED:
Dot~~
Mayor
APP- OVED AND TO FORM AND LEGALITY:
7/U -
Ross T. ~
City Attorney