HomeMy WebLinkAboutORD 1269 - ORD Levying & Assessing AD Valorem Tax on Txable property
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ORDINANCE NUMBER 1269
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 1986 PROVIDING THE BASJS OF
ASSESSMENT OF APPRAISED VALUE AND PROVIDING FOR, .
THE COLLECTION THEREOF AT THE RATE OF $0.324 ON-
THE ONE HUNDRED ($100.00) DOLLAR ASSESSED
VALUATION.
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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 limits
ofj:he, City of West University Place, Texas, and there shall be
collected by such city, a tax of $0.324 on the one-hundred ($100.00)
dollar assessed tax valu~tion for the year 1986.
~Section 2. Such tax is hereby 1 evi ed and assessed in accordance
with the terms anQ provisions of Section 8.07 of Article VIII 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 portiort of the 1987 budget, to-
wit:
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(A) For current expenses and operation
of the General Fund and its various
departments
(B) For General Debt Service Fund to pay the
principal, interest and fiscal agent's fees
on $8,400,000 bond issues of the City
$0.267
$0.057
Total Tax Rate
$0.324
, Secti on 3. ' That the Tax Assessor and Co 11 ector for, the Ci ty of
West University Place, Texas, is hereby directed to assess and collect
t.ax,es on all of the property, both rea la'nd personal , Within the
corporate limits of the City of West University Place, Texas, on the
basis of 100% of appraised valuations as herein provided.
Section 4. If any word, phrase, clause, sentence, paragraph,
section or other part of this ordinance or the application thereof to
any person or circumstance, shall ever be held to be invalid or
unconstitutional by any court of competent jurisdiction, the remainder
of this ordinance and the application of such word, phrase, clause,
sentence, paragraph, section or other part of this ordinance to any
other persons or circumstances shall not be affected thereby.
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Section 5. All ordinances and parts of ordinances in conflict
herewith are hereby repealed to the extent of the conflict only.
Section 6. The City Council officially finds, determines and
declares that a sufficient written notice of the date, hour, place' and
subject of each meeting at which this ordinance was discussed,
considered or acted upon was given in the manner required by the Open
Meetings Law, TEX. REV. CIV. STAT. ANN. art. 6252-17, as amended, and
that each such meeting has been6pen to the public as required by law
at all times during such discussion, consideration and action. The
City Council ratifies, approves and confirms such notices and the
contents and posting thereof.
PASSED AND APPROVED ON FIRST READING this 27th day of October,
1986.
Councilmembers.Voting Aye: Mayor Parks, Councilmembers
Higley, Bryan,Schwartzel
Councilmembers Voting No: None
Councilmembers Absent:,Councilmember CumminQs
(resigned)
PASSED AND APPROVED ONpSECOND READING THIS 10th day of November,
1986.
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Councilmembers Voting Aye:
Mayor Parks, Councilmembers
Higley, Bryan, 'Schwartzel
Councilmembers Voting No:
, None
Councilmembers Absent:
Councilmember Cummings
,( res i gned): '
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Michael L. Parks, Mayor
ATTEST:
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Audrey Nichols, City Secretary
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(SEAL)
CApproved as, to :.Form:' , "
James L. Dougherty, Jr.,
City Attorney I
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