HomeMy WebLinkAboutOrdinance No. 83-14 ORD I NAr?CE NO . �'.3 ) _
AN ORDINA�iCE PROVIDING FOR THE ASS�SS�IENT, LEVYING
AND COLLECTION OF AD VALO�EM TAXES OF THE CI�Y OF
FRIENDSWOOD, TEXAS , FOR TH,: YEAR 1°8� , AN�J FOR EACH
YEAR THEREAFTE� LNTIL OTHERWISE PROVIDED ; PROVIDING
TH� DATE ON V�HICH SUCH TAXES SHALL BE DUE AND PAYABLE;
PROVIDING FOF� PENALTY AND INTEF.EST ON ALL TAXES AtOT -
TIMELY PAID; AND REPEALING ALL ORDINANCES AND PARTS
OF ORDINANCES IN CONFLICT HEREWITH.
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tiVHER�AS , the Budget for the City oi Friendswood, Texas , for
the Fiscal year 1Q83- 1984 l�as been adopted; and,
UII-iEREAS , certain revenues from sources other than ad valorem
taxes will be available for a portion of the expenditures in
such Budget ; and,
WHER�AS , ad valorem taxes s�ould be levied and collected
to nrovide the additional revenues necessary to meet the remain-
ing portion of such expenditures ; now, therefore , in accordance
with such Budget and pursuant thereto ,
BE IT ORDAINED BY THE CITY COUNCIL OF TIi�c CITY OF FRIENDSWOOU,
TEXAS :
Section l . All property subject to ad valorem taxation by
the City of Friendswood, Texas , shall be ec{ually 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 establishin� such assessment ratio is hereby adopted,
ratified and confirmed.
Section 2 . Th.ere is hereby levied for �eneral purnoses and
use by the City of Friendswood, Texas , for the year 1983 , and
for each year thereafter u�til otherwise provided , an ad valorem
tax at tl�e rate of 50 . 2 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 law to be levied by the City of Friendswood , Texas .
The proceeds from such tax shall be applied to the paymer.t of
the general 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 tiahich
provision is not otherwise made , Al1 such taxes shall be assessed
and collected in current money of the United States of America.
Section 3 . For the �urpose of paying the interest and
providing a sinking fund for the nayment 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 in anticipation of
current revenues for use in the payment of bonds and certificates
of obligation and interest thereon ��turing in the Fiscal year
1983-1984 , and for the purpose of paying interest an� making
arovisions for the sinking fund on such other bond issues and
certificates of obligations as may be autr�orized , there is hereby
levied for the year 1983 and for each year tbereafter until other-
wise provided, to be assessed and collected upon all property and
franchises described in Sectior� 1 of this Ordinan.ce , an annual
ad valorem. tax at the rate of 21 . 8 cents 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 , 1984. All ad valorem
taxes due the City of Friendswood , Texas , and not paid on or
before January 31 follotivins� the year for which they were levied
shall bear penalty and interest as prescribed in the Froperty
Tax Code of tl-�e State of Texas .
Section 5 . All ordinances and parts of ordinances in con-
flict herewith are , to the extent of such conflict , l�ereby
repealed.
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FAS5ED AND APPROVED this 31st day of October, 1983 .
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Mayo r a
ATiEST :
�- �.c.� ��-�.,r-�j c"
City Secretary �
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