HomeMy WebLinkAboutOrdinance No. 85-35 ORDINANCE N0. 85-35 ,
AN ORDINANCE PROVIDING FOR THE ASSESSMENT, LEVY, AND
COLLECTION OF AD VALOREM TAXES OF THE CITY OF
FRIENDSWOOD, TEXAS, FOR THE YEAR 1985 AND FOR EACH
YEAR THEREAFTER UNTIL OTHERWISE PROVIDED; PROVIDING
THE DATE ON WHICH 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.
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WHEREAS, Section 26. 05 of the Texas Property Tax Code
provides that by September 1 or as soon thereafter as
practicable, the governing body of each taxing unit shall adopt
a tax rate for the current tax year; and
WHEREAS, such Section further pro�tides 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
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 Nineteen and Three One Hundredths
Cents ($. 1903) for debt service and a tax rate of Fifty-One and
Ninety-Two One Hundredths Cents ($ . 5192) 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 said City Council held on this 18th day of November, 1985,
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
1985 tax rate ordinance for the City of Friendswood Texas ; now,
therefore
BE IT ORDAINED BY THE CITY COUNCIL 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
uniformally 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 1985, and
for each year thereafter until otherwise provided, an ad
valorem tax at the rate of Fifty-One and Ninety-Two One
Hundredths Cents (�. 5192) on each One Hundred Dollars ($100) of
assessed valuation on all property, real, personal , and mixed,
within the corporate limits upon which an ad valorem tax is
authorized by law to be levied by the City of Friendswood,
Texas . The proceeds from such tax shall be applied to the
payment of the general and current expenses of the government
of the City. All such taxes shall be assessed and collected in
current money of the United States of America.
Section 4. For the purpose of paying the interest on
bonds , warrants, certificates of obligation, or other lawfully
suthorized evidence of indebtedness issued by the City of
Friendswood, Texas , including the various installments of
principal due on the serial bonds , warrants , certificates of
obligation, or other lawfully authorized evidence of indebted-
ness issued by the City as such installments shall respectively
mature, and for the purpose of repaying any sums borrowed in
anticipation of current revenues for use in the payment of
bonds and certificates of obligation and interest thereon
maturing in the fiscal year 1985, and for the purpose of paying
interest and making provisions for the sinking fund on such
other bond issues , warrants , certificates of obligation, or
other lawfully authorized evidence of indebtedness as may be
authorized, there is hereby levied for the year 1985 and for
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each year thereafter until otherwise provided, to be assessed
and collected upon all property described in Section 3 of this
Ordinance, an annual ad valorem tax at the rate of Nineteen and
Three One Hundredths Cents ($. 1903) on each One� Hundred Dollars
($100) of assessed valuation.
Section S. All ad valorem taxes levied hereby, in the
total amount of Seventy and Ninety-Five One Hundredths Cents
($. 7095) 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, 1986. 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
shall bear penalty and interest as prescribed in the Property
Tax Code of the State of Texas .
Section 6. All ordinances and parts of ordinances in con-
flict herewith are, to the extent of such conflict, hereby
repealed.
PASSED, APPROVED, AND ADOPTED this 18� day of November,
1985.
O�; C9�-w--'�
Mayor
ATTE
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City Secretary
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