HomeMy WebLinkAboutORD 1045 - ORD Leving & assessing ValoremTax for the Year 1975
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ORDINANCE NUMaER,1045
AN ORDINANCE LEVYING,ANDASSESSINGAN AD VALOREM TAX ON ALL
TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE, CITY OF.
WEST UNIVERSITY PLACE. TEXAS. FOR THE YEAR 197,5; PROVIDING
THE BASIS OF ASSESSMENT OF APPRAISED VALUE AND PROVIDI'NG FOR
THE COLLECTION THEREOF AT'THERATE OF $1.46 ON THE ONE HUN:
DRED ($lOO~OO) ASSESSED VALUATION.
BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF WEST UNIVERSITY
PLACE, TEXAS:
Section 1. That there is her~by levied-~and- assessed. against all,
taxable property, both real and personal,wjthin the corporate'limits of the
City of West University Place, Texas. and there sh.all, be cQl1ected by such
city, a tax of $1.46 on the one-hundred ($100.00) assessed tax valuation far
the year 1975.
Section 2. Such tax is, hereby levied and. assessed in accordance
with the terms and -provisions of Section 1 of Article XXI of the Gity af West
University Place City Charter and the applicable Statutes .ofthe State of
Texas. such levy and assessment is made for the following purposes, to-wit:
. (A) For the upkeep and maintenance of the Department
of Health and Sanitation
(B) For current expenses and operation of the Gen-
eral Fund and its various departments
$ 0.04
$ 1.13
(C) For Tax Revenue Sinking Fund to pay the
principal~interest and fiscal agent1s fees
on a proposed $1,700.000 bond issue of the City
$ 0.29
Tota 1 Tax Rate
$ 1.46
Section 3. That ,the T..ax ,Assessor and Collector for 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 70% of
assessed valuation as herein provided.
PASSED AND APPROVED this 25th day of August, 1975.
Commissioners Voting Aye: All
Commissioners Voting No: None
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Mayor
ATTEST: ~
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Assistant Clty Secretary
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