0365AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF SOUTHLAKE, TEXAS, FIXING AND LEVYING
MUNICIPAL AD VALOREM TAblES FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 1987 AND ENDING
SEPTEMBER 30, 1988, AND FOR EACH YEAR
THEREAFTER UNTIL OTHERWISE PROVIDED, AT THE
RATE OF $0.33 PER ONE HUNDRED DOLLARS
($100.00) ASSESSED VALUE ON ALL TAXABLE
PROPERTY WITHIN THE CORPORATE LIMITS OF THE
CITY OF SOUTHLAKE, TEXAS, AS OF JANUARY 1,
1987, TO PROVIDE REVENUES FOR THE PAY~SENT OF
CURRENT EXPENSES AND TO PROVIDE AN INTEREST
AND SINKING FUND ON ALL OUTSTANDING DEBTS OF
THE CITY; DIRECTING THE ASSESSMENT THEREOF;
PROVIDING FOR DUE AND DELINQUENT DATES
TOGETHER WITH PENALTIES AND INTEREST
THEREON; PROVIDING FOR PLACE OF PAYMENT;
PROVIDING FOR APPROVAL OF THE TAX ROLLS
PRESENTED TO THE CITY COUNCIL; PROVIDING FOR
THE REPEAL OF INCONSISTENT ORDINANCES;
PROVIDING FOR A SEVERABILITY CLAUSE; AND
DECLARING AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Southlake, Texas
(hereinafter referred to as the "City") hereby finds that the
tax for the fiscal year beginning October 1, 1987, and ending
September 30, 1988, hereinafter levied for current expenses of
the City and the general improvements of the City and its
property must be levied to provide the revenue requirements of
the budget for the ensuing year; and
WHEREAS, the City Council has approved, by a separate
ordinance adopted on the 17th day of September, 1987, the
budget for the fiscal year beginning October 1, 1987, and
ending September 30, 1988; and
WHEREAS, all statutory and constitutional requirements
concerning the levying and assessing of ad valorem taxes have
been complied with.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF SOUTHLAKE, TEXAS:
Section 1. That all of the above premises are found to
be true and correct and are incorporated into the body of this
Ordinance as if copied in their entirety.
Section 2. That there is hereby levied and ordered to
be assessed and collected for the fiscal year beginning October
1, 1987, and ending September 30, 1988, and for each fiscal
year thereafter until it be otherwise provided by and ordained
on all taxable property, real, personal and mixed, situated
within the corporate limits of the City of Southlake, Texas,
and not exempt from taxation by the Constitution of the State
and valid State laws, an ad valorem tax rate of $0.33 for the
general operations of the City on each One Hundred Dollars
($100.00) assessed value of taxable property, and shall be
apportioned and distributed as follows:
For the purpose of defraying the current expenses
of the municipal government of the City, a tax of
$0.28831 on each One Hundred Dollars ($100.00)
assessed value of all taxable property.
For the purpose of creating a sinking fund to pay
the interest and principal on all outstanding debt
of the City, not otherwise provided for, a tax of
$0.04169 on each One Hundred Dollars ($100.00)
assessed value of all taxable property, within the
City which shall be applied to the payment of such
interest and maturities of all outstanding debt.
Section 3. That all ad valorem taxes shall become due
and payable on October 1, 1987, and all ad valorem taxes for
the year shall become delinquent after January 31, 1988. There
shall be no discount for payment of taxes prior to said January
31, 1988. A delinquent tax shall incur all penalty and
interest authorized by State law Section 33.01 of the Property
Tax Code, to-wit: a penalty of six percent (6%) of the amount
of the tax for the first calendar month it is delinquent plus
one percent (1%) for each additional month or portion of a
month the tax remains unpaid prior to July 1st of the year in
which it becomes delinquent.
Provided, however, a tax delinquent by July 1st incurs a
total penalty of twelve percent (12%) of the amount of the
delinquent tax without regard to the number of months the tax
has been delinquent. A delinquent tax shall also accrue
interest at a rate of one percent (1%) for each month or
portion of a month the tax remains unpaid. Taxes that remain
delinquent on July 1, 1988, incur an additional penalty of
fifteen percent (15%) of the amount of taxes, penalty and
interest due; such additional penalty is to defray costs of
c011ect[0n due to contract with the City's attorney pursuant to
Section 6.30 of the Property Tax Code.
Section 4. Taxes are payable in Southlake, Texas, at
the office of the Tax Collector. The City shall have available
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all rights and remedies provided by law for the enforcement of
the collection of taxes levied under this Ordinance.
Section 5. That the tax rolls, as presented to the
City Council, together with any supplement thereto, be, and the
same are hereby approved.
Section 6. That any and all ordinances, resolutions,
rules, regulations, policies or provisions inconsistent or in
conflict with the provisions of this Ordinance are hereby
expressly repealed and rescinded to the extent of the
inconsistency or conflict.
Section 7. If any section, article, paragraph,
sentence, clause, phrase or word in this Ordinance, or
application thereto any person or circumstances is held invalid
or unconstitutional by a Court of competent jurisdiction, such
holding shall not affect the validity of the remaining portions
of this Ordinance; and the City Council hereby declares it
would have passed such remaining portions of this Ordinance
despite such invalidity, which remaining portions shall remain
in full force and effect.
Section 8. That the necessity of fixing and levying
municipal ad valorem taxes of the City for the next fiscal year
as required by the laws of the State of Texas, requires that
this Ordinance shall take effect immediately from and after its
passage, and it is accordingly so o~ai~/~fll / /~
PASSED AP RO , BY THE
~T~EST:
~ity Secret~ry, City of Southlake, Texas
[SEAL]
KPPRO ED/ S TO ORM:
First Reading:
Second Reading:
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September 1~5, 1987