HomeMy WebLinkAboutOrd 1488 - Ad Valorem 1994ORDINANCE NO. 1488
AN ORDINANCE LEVYING AND ASSESSING AD VALOREM TAXES FOR
TAX YEAR 1994; 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 fix a specific rate of
tax for the year 1994, based on the City's tax rolls for tax year 1994 which have
been prepared and reviewed by the Harris County Appraisal District; and
WHEREAS, the tax rate for tax year 1994 must not only provide funds
sufficient for debt service on the City's bonds but must also provide for
maintenance and operation of the City; and
WHEREAS, the assessor and collector of taxes for the City ( "Assessor ")
has certified 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 ratifies all of the calculations, publications, notices and other
preparatory steps preceding the consideration of this ordinance.
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ORDINANCE NO. 1488
Section 2. The City Council hereby levies, assesses and adopts the
following tax rate per $100 of valuation for tax year 1994, such tax being levied
and assessed upon all property subject to taxation by the City:
$ 0.2214 for purposes of maintenance and operation
$ 0.1486 for purposes of debt service
$ 0.3700 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 1995 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 31, 1995.
Section 5. The City Council hereby confirms and regrants the following
exemptions, subject to the legal requirements applicable to each exemption:
{i) $72,850.00 of the appraised value of the residence homestead of
individual who is 65 or older.
(ii) the statutory exemption for each disabled veteran
Section 5. All ordinances and parts of ordinances in conflict herewith
are hereby repealed to the extent of the conflict only.
Section 6. 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
OP.DINANCE NO. 1488
Section 7. 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 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 8. This ordinance shall become effective immediately upon
adoption and signature.
PASSED AND APPROVED ON FIRST READING, this,��y of
, 1994.
Voting Aye:
Voting Nay:
Absent:
ASSED AND APPROVED ON SECOND READING, this ay of
- �,�c�,c/ , 1994.
Voting Aye:
Voting Nay:
Absent:
ATTEST:
Kr l f nn Holloway
City Secretary
(SEAL)
Signed:
Bill Watson
Mayor
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APP OVE TO FORM:
Jim Dougherty
City Attorney