HomeMy WebLinkAboutOrdinance No. 2000-35 ORDINANCE NO. 2000-35
AN ORDINANCE PROVIDING FOR THE ASSESSMENT, LEVY, AND COLLECTION
OF AD VALOREM TAXES OF THE CITY OF FRIENDSWOOD, TEXAS, FOR THE
YEAR 2000 AND FOR EACH YEAR THEREAFTER ZTNTIL OTHERWISE
PROVIDED; PROVIDING THE DATE ON WHICH SUCH TAXES SHALL BE DUE
�,NTD PAYABLB; PROVIDING FOR PENALTY AND INTEREST ON ALL TAXES
NOT TIMELY PAID; AND REPEALING ALL ORDINANCES AND PARTS OF
ORDINANCES IN CONFLICT HEREWITH.
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WIiEREAS, 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 tax 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 taxes
needed to fund maintenance and operation expenditures of the unit for the
next year) each of such two components must be approved separately; and
WIiEREAS, 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 18th day of September, 2000, 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 2000 Tax Rate Ordinance of the City of
Friendswood, Texas; now, therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, STATE OF
TEXAS:
Saction l. The facts and recitations set forth in the preamble of this
Ordinance are found to be �rue 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.
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Section 3. There is hereby levied for general purposes and use by the
City of Friendswood, Texas, for the year 2000 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 installments 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 2000/2001 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
2000 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 tax 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, 2001. All ad valorem taxes due the City of Friendswood, Texas,
and not paid on or before January 31st 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 18th day of
September, 2000.
Mayor Harold L. Whitaker
City of Friendswood
Attest:
�
De oris McKenzie, MC •
City Secretary
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