HomeMy WebLinkAboutOrdinance No. 2001-19 ORDINANCE NO. � 2001-19
AN ORDINANCE PROVIDING FOR THE ASSESSMENT, LEVY,
AND COLLECTION OF AD VALOREM TAXES OF THE CITY
OF FRIENDSWOOD, TEXAS, FOR THE YEAR 2001 AND FOR
EACH YEAR THEREAFTER UNTIL OTHERWISE PROVIDED;
PROVIDING THE DATE ON WfIICH SUCH TAXES SHALL BE
DUE AND PAYABLE; PROVIDING FOR PENALTY AND
INTEREST ON ALL TAXES NOT TIMELY PAID; AND
REPEALING ALL ORDINANCES AND PARTS OF
ORDINANCES IN CONFLICT HEREWITH. (.6385)
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WHEREAS, Section 26.05 of the Texas Property Tax Code provides that by September 1 or as
soon thereafter practicable, the governing body of each taxing unit shall adopt a taJC rate for the current
tax year; and
WHEREAS, such Section further provides that where the tax rate consists of two components
(one which will impose the amount of taxes needed to pay the unit's debt service and the other which will
impose the amount of taa�es needed to fund maintenance and operation expenditures of the unit for the
next year) each of such two components must be approved separately; and
WHEREAS, the proposed tax rate for the current tax year of the City of Friendswood, Texas,
consists of two such components, a tax rate of$.0838 for debt service and a tax rate of$.5547 to fund
maintenance and operation expenditures; and
WHEREAS, by separate motions heretofore adopted by the City Council of the City of
Friendswood, Texas, at a regular meeting of City Council held on this 17`i'day of September, 2001, said
City Council has approved separately the tax rate heretofore specified for each of said components; and
WHEREAS, having thus separately approved the tax rate for each of such components, it is
necessary and appropriate for the City Council to now formally pass, approve, and adopt a 2001 T�Rate
Ordinance of the City of Friendswood,Texas; now,therefore
BE IT ORDAINED BY THE CITY COUNCII. OF THE CITY OF FRIENDSWOOD, STATE OF
TEXAS:
Section 1. The facts and recitations set forth in the preamble of this Ordinance are found to be
true and correct and are hereby adopted,ratified, and confirmed.
Section 2. All property subject to ad valorem taxation by the City of Friendswood, Texas, shall
be equally and uniformly assessed for such purposes at One Hundred Percent (100%) of the fair market
value of such property.
Section 3. There is hereby levied for general purposes and use by the City of Friendswood,
Texas, for the year 2001 and for each year thereafter until otherwise provided, an ad valorem tax at the
rate of$.5547 on each One Hundred Dollars ($100) of assessed valuation on all property, real, personal
and mixed, within the corporate limits upon which an ad valorem tax is authorized by law to be levied by
the City of Friendswood, Texas.
The proceeds from such tax shall be applied to the payment of the general and current expenses of the
government of the City. All such taxes shall be assessed and collected in current money of the United
States of America.
Section 4. For the purpose of paying the interest on bonds, warrants, certificates of obligation, or
other lawfully authorized evidence of indebtedness issued by the City of Friendswood, Texas, including
the various installments of principal due on the serial bonds, warrants, certificates of obligation, or other
lawfully authorized evidence of indebtedness issued by the City as such instaliments shall respectively
mature, and for the purpose of repaying any sums borrowed in anticipation of current revenues for use in
the payment of bonds and certificates of obligation and interest thereon maturing in the fiscal year
2001/2002 and for the purpose of paying interest and making provisions for the sinking fund on such
other bond issues, warrants, certificates of obligation, or other lawfully authorized evidence of
indebtedness as may be authorized, there is hereby levied for the year 2001 and for each year thereafter
until otherwise provided, to be assessed and collected upon all property described in Section 3 of this
Ordinance, an annual ad valorem taJC at the rate of $.0838 on each One Hundred Dollars ($100) of
assessed valuation.
Section 5. All ad valorem taxes levied hereby, in the total amount of $.6385 on each One
Hundred Dollars ($100) of assessed valuation, as reflected by Sections 3 and 4 hereof, shall be due and
payable on or before January 31, 2002. All ad valorem taxes due the City of Friendswood,Texas, and not
paid on or before January 31 S` following the year for which they were levied shall bear penalty and
interest as prescribed in the Property Tax Code of the State of Texas.
Section 6. All ordinances and parts of ordinance in conflict herewith are, to the extent of such
conflict,hereby repealed.
PASSED,APPROVED,AND ADOPTED on first and final reading this 17`h day of September 2001.
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ayor Harold L.Whitaker
City of Friendswood
Attest:
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Deloris McKenzie, T IC
City Secretary
Motion: Councilmember Kitten Brizendine
2nd: Councilmember Jerry Ericsson
Approved: Unanimously