HomeMy WebLinkAboutORD 1158 - ORD Levying & Assessing Valorem Tax
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ORDINANCE NUMBER 1158
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AN ORDINANCE LEVYING AND ASSESSING AN AD VALOREM-TAX ON
ALL, TAXABLE-PROPERTY, WITHIN THE-CORPORATE. LIMITS OF THE
C,I TYOF WEST: UNI VERS I TY PLACE; TEXAS, FOR' THE YEAR 1980';
PROVIDING.TH~~ASI,S OFASSESSMENT OF APPRAISED VALUE AND
PROVIDING FOR THE 'COLLECTION THEREOF-AT THE RATE OF $1.42
ON TH~ ONE HU~DRED ($100.00) DOLLAR ASSESS~D'VALUATlON._
BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF WE~T 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 ~hall be collecte~_ by such
city, a tax of $1.42 on the one-hundred ($100.00) dollar:"assessed tax valua-
tion for the year 1980.
,Sect10n'2., Such tax is hereby levied and assessed in accordance
with the terms and provisions of Section 1 of Article XXI 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 1981 budget, to wit:
(A) For current expenses and operation of the
General Fund and its various departments
$1 .27
(B) For General Debt Service Fund to pay the
principal, interest,and fiscal agent's -
fees orr $1~400,00o bond issue of the'city
. 15
, , Tota 1 Tax Rate-
$1 .42
Section 3. That the Tax
University Place, Texas, is hereby
all of the property, bot~ real, and
-the City of West University- Place,
valuation as:herein provided.
Assessor and Collector for the City of West
directed to assess and collect taxes on
personal, within the corporate 1 imits of
Texas, on the basis of 70% of appraised
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PASSED AND APPROVED this, ,25th day of August, 1980.
Commissioners Voting Aye: 5
Commissioners Voting No: 0
ATTEST:
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City Secretary
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