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HomeMy WebLinkAboutOrdinance No. 97-18 , , - , - .. ,..,,, . ' .. • , .
L�?2I?INANGE NO. 97-18
AN ORI?INANGE PROVID�I�TG FOR Tf� ASSESSlSLNT, LLVY, AND COLLECTION
OF AD VALOREd4 TA3SES OF Tf� CITY OF FRIENDS�OOD, TEXAB, FOR Tf�
YF.AR 1997 AND FOR EAC�i YEAR TI�R1?nF'�'ER UNTIL OTHERiiISS
PROVIDED; PROVIDIl�G TSE DATE ON WHICH SUCH TAXES SHAIS, BE DUE
AND PAYABLE; PROVIDING FOR PENALTY AND TN'f'f?RF.BT ON AI�I, T�S
NOT TIMELY PAID: AND RRP1?AT.IpG ALL ORDINANCES AND PARTS OF
ORDINANCES IN CQNFI,ICT HERE��ITH.
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�REAS, Section 26.05 of the Tex_as Property T� ��ode provi�es that
by 5eptember 1 or as saon thereafter practicable, the govezning body of each
taxing unit shall adopt a tax rate for the current taY year; and
WF�REAS, s�sch Section further provides that where the tax rate
�onsists of two components (one which will impose the amount of taxes needed
to pay the unit's debt service an3 the other which will impose the amount of
taxes needed to fund maintenar.ce and operation e�enditures of the unit for
the next year) each of such two components must be approved separately; and
�?�?nS, the proposed tax rate for the current tax year of the City
of Friendswood, Texas, consists of two such components, a tax rate of $.0685
for debt service and a tax rate of $.5276 to fund maintenance and operation
expenditures; and
WHBRFAG, by separate motions heretofore adopted by the City Cour.cil
of the City of Friendswood, Texas, at a said meeting of City Council held on
this 15th day of September, �997, said City Council has approved separately
the tax rate heretofare specified for each of said comAOner.ts; and
WfiRRRAS� having thus separately approved the tax rate for each of
such comgenents, i� is n�cessary and appropriate for the City Council to now
iormally �ass, agprove, and adopt a 1997 Tax Rate Ordinance of the City of
Friendswood, Texas; now, therefore
BE IT ORDAINED BY Tf� CITY COUNCII, OF THE CITY OF FRffi�IDSWOOD, STATE OF
TF,XAS:
Sec�ion l. Ths facts and recitations set forth in }he preamble of this
Ordinar.c� are four.d to be true and correct and are hereby adopted, ratified,
and confirmed.
Sectian 2. A�l nroperty subjec� to ad valorem taxation by the City of
Friendswood, Texas, shall be equally and uniformly assessed for such
pLrposes at One Hundred Percent (1000) of the fair market value of such
property.
097.�8/uSS03
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Section 3. There is hpreby levied fer general purposes and Lse by the
Cit�� of Friendswoo�3, Texas, for the year 1997 and for each thereafter
until otherwise provided, ar, ad valorem tax at the rate of $.5276 cn each
�ne 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 �o be levied by the City of rriendswood, Te�as.
The proceeds from such t� shall be applied to the payment of the general
and current expenses of the qovernment of the City. All such t�es 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 e�ridence of
indebtedness issued by the City of Friendswood, Taxas, including the
various installments of principal due on the serial bonds, warrants,
certificates of obligation, or other lawfull_y 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 1997/98 and for
the purpose of paying interest and making provisions for the sinki.ng 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 1997 and for each thereafter until otherwise
provided, to be assessed and collected upon all property described in
Section 3 cf this Ordinanee, an annual ad valorem tax at the rate of
$.0685 on each One Hundred ($100) of assessed valuation.
Section 5. �11 ad valorem taxes levied hereby, in the total amount
o� �.5961 cents on each One Hundred Dollars ($100) ef assessed valuation, as
ref lected by Section 3 and 4 hereof, shall be due and payable on or before
January 31, 1998. All ad valorem taxes due the City of Friendswood, Texas,
and not paid on or before January 31st following the gear for which they
were ievied shall bear penalty and interest as tarescribed in the Property
Tax Code of the State of Texas.
Section 6. All ordinanees and parts of ordinance in conflict herewith
are, to the zx_tent of such conflict, hereby repealed.
PASSED, APPROVED, AND ADOPTED this 15th of September, 1997.
�
Mayor Harold L. Whit er
City of Friendswood
Attest:
.
r
Deioris McKenzie `" •
Ci�y Sec�etary
097.18/KSS03