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HomeMy WebLinkAboutOrd 1537 - ad valorem 1996 ,. ! I ORDINANCE NO. 1537- AN ORDINANCE LEVYING AND ASSESSING AD VALOREM TAXES FOR TAX YEAR 1996; CONFIRMING AND GRANTING EXEMPTIONS; AND CONTAINING FINDINGS AND PROVISIONS RELATING TO THE SUBJECT. WHEREAS, the City of West University Place Texas (the "City") has bonds outstanding which are payable from ad valorem taxes; and WHEREAS, although the ordinances authorizing such bonds contain general levies of taxes, it is necessary for the City Council to ftx a speciftc rate of tax for the year 1996, based on the City's tax rolls for tax year 1996 which have been prepared, . reviewed and certified by the Harris County Appraisal District; and I I WHEREAS, the tax rate for the tax year 1996 must not only provide funds" II sufftcient for debt service on the City's bonds, but must also provide for maintenance I and operation of the City; and I WHEREAS, the assessor and collector of the City ("Assessor") has certifted an anticipated collection rate to the City Council, has performed the calculations required by Section 26.04 of the Texas Tax Code, has reported the tax rate and other information required to be reported to the City Council and has published the information required to be published, having been designated to do so by the City Council; \ NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST UNIVERSITY PLACE, TEXAS: Section 1. The matters and facts set out in the preamble of this ordinance are found and determined to be true and correct, and the City Council adopts, confirms, and ratiftes all of the calculations, publications, notices, and other preparatory steps preceding the consideration of this ordinance. Section 2. The City Council hereby levies, assesses an adopts the following tax rate per $100. valuation for tax year 1996, such tax being levied and assessed upon all property subject to taxation by the City: ~ r"\~'~'~~"""'""~:<~= .- L"O=='.,,"C~c---,"'--~".~- --=~_. .,,-,,:cr~~] . .. :~.-~--Linc--- lI'i:111ll II II I $0.21 0.17 .$Q.ll for the purposes of maintenance and operations for the purposes of debt service total tax rate Section 3. Such tax is hereby levied and assessed in accordance with the terms and provisions of Article VIII of the City Charter and the Constitution and laws of the State of Texas, and such levy and assessment are made to provide funds for the 1997 budget of the City for the purposes indicated. Section 4. The Assessor is hereby directed to assess and collect taxes on all property subject to taxation by the City on the basis of 100% of the assessed valuation thereof at the rate set by this ordinance. The taxes levied hereby shall be delinquent after January 1, 1997. Section 5. The City Council hereby confirms and re-grants the following exemptions, subject to the legal requirements applicable to each exemption: (A) $72,850.00 of the appraised value of the residence homestead of an individual who is 65 years of age or older. (B) the statutory exemption for each disabled veteran. Section 6. All ordinances and parts of ordinances in conflict herewith are hereby repealed to the extent of the conflict only. I I I Section 7. 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, neither the remainder of this ordinance, nor the application of such word, phrase, clause, sentence, paragraph, section, or other part of this ordinance to any other persons or circumstances, shall be affected thereby. Section 8. 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 Act, Chapter 551, Texas Local Government Code, as r"'F~"~O~~"'"~C"~'T'----~~~'''CO~~'~ .. . 'T'" 1m IIFnm' .nrI' I I II I amended, and that each such meeting has been open 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. Section 9. This ordinance shall become effective immediately upon adoption and signature. ~. PASSED AND APPROVED ON FIRST READING, this ..~ , 1996. , Voting Aye: &I Voting Nay: y;?~, AI. uY ~~4f.J~ Absent: ~ ~---7 ~% day of PASSED AND APPROVED ON SECOND READING, this ~/ld day of ~~ ,1996. Voting Aye: dd Voting Nay: %ru-- Absent: ~u./~ h~ Signed: ~~ Bill Watson Mayor aylynn Holloway ity Secretary SEAL) AP~~~ Jim Dougherty City Attorney