HomeMy WebLinkAboutORD 1119 - ORD Leveying and Assessing an Valorem Tax year 1978
~,...lbl:.,J;.wtI..II' , ,I
mITl'mrrn---- ,
"IJ.J'" T
---, ~-~- ~I
l~
<Ill ;,1 ~ \ 0 Afll. i ,} ~ - , , , "
~IVV ~~' C^-:',
fllU)INANCRNUMBERU 1119, "
AN ORD.INANCE 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 1978; PROVIDING
THE BASIS OF ASSESSMENT OF APPRAISED VALUE AND PROVIDING
FOR THE COLLECTION THEREOF, AT THE RATE OF $1.42 ON THE ONE
HUNDRED ($100.00) ASSESSED VALUATION
BE IT ORDAINED BY THE CITY COMMISSION 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 limits of the
City of West University Place, Texas, and there shall,be 'collected by such
city, a tax of $1.42 on the one-hundred ($100.00) dollar assessed tax valua-
tion for the year 1978.
Section 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 1979 budget, to-wit:
(A) For the upkeep and maintenance of the Department
of Health and Sanitation .04
(B) For ,current expenses and operation of the Gen-
eral Fund and its various departments
1.22
(C) For Tax Revenue Sinking Fund to pay the
principal, interest and fiscal agent's fees
on $1,600,000 bond issue of the City
.16
Total Tax Rate
$1. 42
Section 3. That the Tax 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 appraised
valuation as herein provided.
PASSED AND APPROVED this 28th day of August
, 1978.
Connnissioners Voting Aye: All
C071jS~?~
ATTEST:
~ ;zf~~
Assistant City Secretary
~
o
U"
I'
I ~
\'
LJ