HomeMy WebLinkAboutOrdinance No. 82-24 ORD I NANCE NO. �'v2 � '�
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AN ORDINANCE PROVIDING FOR THE ASSESSMENT, LEVYING AND
COLLECTION OF AD VALOREM TAXES OF THE CITY OF FRIENDS-
1900D, TEXAS, FOR THE YEAR 1982, 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, the Budget for the City of Friendswood , Texas , for
the Fiscal year 1982-1983 has been adopted ; and ,
WHEREAS, certain revenues from sources other than ad
valorem taxes will be available for a portion of the expendi-
tures in such Budget ; and,
WHEREAS, ad valorem taxes should be levied and collected to
provide the additional revenues necessary to meet the remaining
portion of such expenditures ; now, therefore , in accordance
with such Budget and pursuant thereto,
BE IT OF.DAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDS1d00D,
TEXAS:
Section 1 . All property subject to ad valorem taxation by
the City of Friendswood , Texas , shall be equally and uniform-
ally assessed for such purposes at One Hundred Percent (1000 )
of the fair market value of such property. The action of the
Tax Assessor establishing such assessment ratio is hereby
adopted , ratified and confirmed.
Section 2. There is hereby levied for general purposes and
use by the City of Friendswood, Texas , for the year 1982 , and
for each year thereafter until otherwise provided , an ad
valorem tax at the rate of �g, j`��=
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 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
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current expenses of the government of the City, including pay-
ment 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 pro-
viding a sinking fund for the payment of bonded indebtedness
and the certificates of obligation of the City of Frienswood ,
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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 in anticipation
of current revenues for use in the payment of bonds and certi-
ficates of obligation and interest thereon maturing in the fis-
cal year 1982-1983, and for the purpose of paying interest and
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 1982 and for each year
thereafter until otherwise provided , to be assessed and col-
lected upon all property and franchises described in Section 1
of this Ordinance, an annual ad valorem tax at the rate of
,,�j, /S � 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 , 1983. 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 S. Al1 ordinances and parts of ordinances in con-
flict herewith are , to the extent of such conflict , hereby
repealed .
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, a PASSED AND APPROVED this �.. �ay of ��--�-2z���'�-'� , 1982.
�. �-�.
Mayor
ATTEST:
,c:�.E'.. ->-��t
City Secretary
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