HomeMy WebLinkAboutOrdinance No. 91-24 r � �y�
ORUINANCE NO. 91=24
AN ORDINANCE PROVIDING FOR THE ASSESSMENT, LEVY AND
COLLECTION OF AD VALOREM TAXES OF THE CI'I'Y OF
FRIENDSWOOD, TEXAS FOR THE YEAR 1991 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 provides that where the
tax rate consists of two components (one which will impose
the amount of taxes needed to pay the taxing unit debt service
and the other which will impose the amount of taxes needed to
fund maintenance and operation expenditures of the taxing unit
for the next year) , each of such two components must be ap�roved
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 $ . 186 for debt service and a tax
rate of $ . 509 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 9th day of
September, 1991, said City Council has approved separately
the tax rate heretofore specified for each of said
components; and
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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 1991 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:
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 1991,
and for each year thereafter until otherwise provided, an ad
valorem t� at the rate of $ . 509 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
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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 obligations, 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 1991-92, 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 af indebtedness as may be
authorized, there is hereby levied for the year 1991 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 $ . 185 on
each One Hundred Dollars ($100) of assessed valuation.
Section 5. All ad valorem taxes levied hereby, in the total
amount of $ . 695 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, 1992 . 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 ordinances in
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conflict herewith are, to the extent of such conflict, hereby
repealed.
PASSED, APPROVED, AND ADOPTED this 9th day of September,
1991.
Mayor Pau W. Schrader
RTTEST:
Delo is Archer, CMC
City Secretary
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