HomeMy WebLinkAboutOrdinance No. 2005-28 (Title: An ordinance providing for the assessment, levy, and collection of ad valorem tazes
of the City of Friendswood,Tezas,for the year 2005.)
ORDINANCE NO. 2005-28
AN ORDINANCE PROVIDING FOR THE ASSESSMENT,
LEVY, AND COLLECTION OF AD VALOREM TAXES OF
THE CITY OF FRIENDSWOOD, TEXAS, FOR THE YEAR
2005 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 TIlMELY PAID; AND REPEALING ALL
ORDINANCES AND PARTS OF ORDINANCE5 IN
CONFLICT HEREWITH.
* * * * * * * * * * *
WHEREAS, Section 26.05 of the Texas Property Tax Code provides that by September
1 or as soon thereafter practicable, the governing body of each taacing 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 maintenance 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$.0797 for debt service and a tax rate of
$.5243 to fund maintenance and operation expenditures;and
WHEREAS, by separate motions heretofore adopted by the City Council of the City of
Friendswood, Texas, at a regular meeting of City Council held on this 26�' day of September,
2005, said City Council has approved separately the tax rate heretofore specified for each of said
components;and
WHEREAS, having thus separately approved the tax rate for each of such components,
it is necessary and appropriate for the City Council to now formally pass, approve, and adopt a
2005 Tax Rate Ordinance of the City of Friendswood, Texas;now,therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD,
STATE OF TEXAS:
Section 1. The facts and recitations set forth in the preamble of this Ordinance are found
to be true and correct and are hereby adopted,ratified,and confirmed.
Section 2. All property subject to ad valorem taxation by the City of Friendswood,
Texas, shall be equally and uniformly assessed for such purposes at One Hundred Percent
(100%)of the fair mazket value of such property.
Section 3. There is hereby levied for general purposes and use by the City of
Friendswood, Texas, for the yeaz 2405 and for each year thereafter until otherwise provided, an
ad valorem tax at the rate of$.5243 on each One Hundred Dollars ($100) of assessed valuation
on all property, real, personal and mixed, within the corporate limits upon which an ad valorem
tax is authorized by law to be levied by the City of Friendswood,Texas.
The proceeds from such tax shall be applied to the payment of the general and current expenses
of the government of the City. All such ta�ces shall be assessed and collected in current money of
the United States of America.
Section 4. For the purpose of paying the interest on bonds, warrants, certificates of
obligation, or other lawfully authorized evidence of indebtedness issued by the City of
Friendswood, Texas, including the various installments of principal due on the serial bonds,
warrants, certificates of obligation, or other lawfully authorized evidence of indebtedness issued
by the City as such installments shall respectively mature, and for the purpose of repaying any
sums borrowed in anticipation of current revenues for use in the payment of bonds and
certificates of obligation and interest thereon maturing in the fiscal year 2005/2006 and for the
purpose of paying interest and making provisions for the sinking fvnd on such other bond issues,
warrants, certificates of obligation, or other lawfully authorized evidence of indebtedness as
may be authorized, there is hereby levied for the year 2005 and for each year thereafter until
otherwise provided, to be assessed and collected upon all property described in Section 3 of this
Ordinance, an annual ad valorem tax at the rate of$.079? on each One Hundred Dollars ($100)
of assessed valuation.
Section 5. All ad valorem taxes levied hereby, in the total amount of$.604 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, 2006. 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 Ta�c Code of the State of
Texas.
Section 6. All ordinances and parts of ordinance in conflict herewith are,to the extent of
such conflict,hereby repealed.
PASSED,APPROVED,AND ADOPTED on first and final reading this 3rd day of October,
2005
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Kimball W. Brizendine
Mayor
ATTEST:
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Deloris McKenzie, C *
City Secretary *
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