HomeMy WebLinkAboutORD 1218 Levying and Assessing an Ad Valorem Tax
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ORD~NANCE NUMBER 1218
AN ORDINANCE LEVYING AND ASSESSING AN AD VALOREM TAX ON
ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE
CITY OF WEST UNIVERSITY PLACE, TEXAS, FOR THE YEAR 1983;
PROVIDING THE BASIS OF ASSESSMENT OF APPRAISED VALUE AND
PROVIDING FOR THE COLLECTION THEREOF AT THE RATE OF
$0.335 ON THE ONE HUNDRED ($100.00) DOLLAR ASSESSED VALUA~
TION.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST UNIVERSITY
PLACE, TEXAS:
Section 1. That there is hereby levied and assessed against all
taxable property, both real and personal, within the corporate 1 imits of
the City of West University Place, Texas, and there shall be collected by
such city, a tax of $0.335 on the one-hundred ($100.00) dollar assessed tax
valuation for the year 1983.
Section 2. Such tax is hereby levied and assessed in accordance
with the terms and provisions of Section 8.07 of Arti~le VII I of the City of
West University Place City Charter and the applicable statutes of the State of
Texas, such levy and assessment is made for the following purposes to finance
a certain portion of the 1984 budget, to wit:
(A) For current expenses and operation of the
General Fund and its various departments
$ 0.289
(B) For General Debt Service Fund to pay the
principal, interest and fiscal agent's
fees on $4,300,000 bond issues of the
city
$ 0.046
Total Tax Rate
$ 0.335
Section 3. That the Tax Assessor and Collector f6r the City of
West University Place, Texas, is hereby directed to assess and collect taxes
on all of the property, both real and personal, within the corporate limits of
the City of West University Place, Texas, on the basis of 100% of appraised
valuations as herein provided.
PASSED AND APPROVED on First Reading this 12th day of December, 1983.
PASSED AND APPROVED on Second Reading this 19th day of December, 1983.
ATTEST:
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Marla Forristall, Mayor
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Lee Lockard, City Secretary
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