HomeMy WebLinkAboutOrdinance No. 84-19 , . - . . �
ORDINAl�?CE N0. 84-19 �
AN ORDINA�iCE PROVIDING FOR THE ASS�SSAIENT, LEVYING
Ar1D COLLECTION OF AD VALOREM TAXES OF THE CITY OF
FRIENDSWOOD, TEXAS , FOR THE YEAR 1984 , A,NTJ FOR EACH
YEAR THEREAFTER UNTIL OTHERWISE P�tOVIDED; PROVIDING
THB DATE ON V�'HICH SUCH TAXES SHALL BE DUE AND PAYABLE ;
PROVIDING FOR PENALTY AND INTEP.EST ON ALL TAXES NOT
TIMELY PAID; AND REPEALING ALL ORDINANCES AND PARTS
OF ORDINANCES IN CONFLICT HEREWITH.
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WHEREAS, the Budget for the City of Friendswood , Texas , for
the Fiscal year 1984- 1985 r.as been adopted; and,
j�1hEREAS , certain revenues from sources other than ad valorem
taxes will be available for a portion of the expenditures in
such Budget ; and ,
WHEREAS, ad valorem taxes should be levied and collected
to provide the additional revenues necessary to meet the remain-
ing portion of sucr, expenditures ; now, therefore , in accordance
with such Budget and pursuant thereto ,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD,
TEXAS :
Section l . 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 (1000) of the
fair marl:et value of such property. The action of the Tax
Assessor establishing such assessment ratio is hereby adopted, .
ratified and confirme d.
Section 2 . There is hereby levied for general purposes and
use by tre City of Friendswood, Texas , for the year 1984, and
for each year thereafter u:�til otherwise nrovided , an ad valorem
tax at the rate of5�i . 65 cents on each One Hundred Dollars ($100 .00)
of assessed valuation on all property, real , personal and mixed,
within the corporate limits upon which an ad valorem tax is
authorized by lativ to be levied by the City of Friendswood , Texas .
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The proceeds from such tax shall be applied to the payment of
the gener al and current expenses of the government of the City ,
including payment of any obligations for which taxes are not
levied by another section hereof and for the payment for which
provision is not otherwise made . All such taxes shall be assessed
and collected in current money of the United States of America.
Section 3 . For the purpose of paying the interest and
providing a sinking fund for the payment of bonded indebtedness
and the certificates of obligation of the City of Frie�dswood ,
Texas , including the various installments of principal due on
the serial bonds and the certificates of obligation issued by
the City as such installments shall respectively mature , and for
the purpose of repaying any sums borrowed ir.. anticipation of
current revenues for use in the payment of bonds and certificates
of obligation and interest thereon maturing in the Fiscal year
1984-1985 and for the purpose of paying interest an� making
provisions for the sinking fund on such other bond issues and
certificates of obligations as may be authorized , there is hereby
levied for the year 1984 and for each year thereafter until other-
wise provided, to be assessed and collected unon all property and
franchises described in Sectior� 1 of this Ordinan.ce , an annual
ad valorem. tax at the rate of 21. 35cents on each One Hundred
Dollars ($100 . 00) of assessed valuation.
Section 4 . All ad valorem taxes levied hereby shall be
due and payable on or before January 31 , 1985 . All ad valorem
taxes due the City of Friendswood, Texas , and not paid on or
before January 31 following the year for which they were levied
s�.all bear penalty and interest as nrescribed in the Froperty
Tax Code of the State of Texas .
Section 5 . All ordinances and parts of ordinances in con-
flict herewith are , to the extent of such conflict , hereby
repealed.
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PASSED AND APPROVED this lOth day of September, 1984 .
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��ayor
ATTEST •
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City ecretary