HomeMy WebLinkAboutOrdinance No. 90-24 ORDINANCE N0. 90-24
AN ORDINANCE PROVIDING FOR THE ASSESSMENT, LEVY, AND
COLLECTION OF AD VALOREM TAXES OF THE CITY OF
FRIENDSWOOD , TEXAS , FOR THE YEAR 1990 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, Seetion 26 . 05 of the Texas Property Tax code
provides that by September 1 or as soon thereafter as
practicable , the governin� body of eaeh 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 unit ' s debt service and the other
which will impose the amount of taxes needed to fund maintenanee
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 $. 18624 for debt service and a tax rate of
$ . 50876 to fund maintenanee and operation expenditures; and
WHEREAS , by separate motions heretofore adopted by the City
Couneil of the City of Friendswood , Texas , at a re�ular meeting
of said City council held on this 10th day of September , 1990 ,
said City Council has approved separately the tax rate heretofore
specified for each of said eomponents; and
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WHEREAS, having thus separately approved the tax rate for
each of sueh components , it is necessary and appropriate for the
City Council to now formally pass, approve , and adopt a 1990 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 uniformally
assessed for such purposes at One Hundred Percent ( 100% ) of the
fair market value of such property.
Seetion 3. There is hereby levied for general purposes and
use by the City of Friendswood , Texas , for the year 1990 , and
for each year thereafter until otherwise provided , an ad valorem
tax at the rate of $. 50876 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 proeeeds from such tax shall be applied to the payment of the
general and current expenses of the government of the City. All
sueh taxes shall be assessed and collected in current money of
the United States of America.
Section 4. For the purpose of payin� the interest on bonds ,
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warrants , certificates of obligation, or other lawfully
authorized evidence of indebtedness issued by the City of
Friendswood , Texas , ineluding the various installments of
principal due on the serial bonds , warrants , certificates of
obligation, or other lawfully authorized evidence of indebtedness
issued by the City as such installments shall respectively
mature , and for the purpose of repayin� 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 fiseal year 1990/91 , and for the purpose of paying interest
and making provisions for the sinking fund on sueh 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 1990 and for eaeh 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 $ . 18624 on each One Hundred Dollars
( $100) of assessed valuation.
Seetion 5. All ad valorem taxes levied hereby, in the total
amount of $ . 695 cents 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 , 1991 . 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 preseribed in the
Property Tax Code of the State of Texas.
Seetion 6 . All ordinanees 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 10th day of September ,
1990 .
ayor Paul W. Schrader
ATTE T :
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Deloris Areher , CMC
City Secretary
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