0685ORDINANCE NO. 685
AN ORDINANCE OF THE CiTY COUNCIL OF THE CITY OF
SOUTHLAKE. TEXAS, FIXING AND LEVYING MUNICIPAL
AD VALOREM 'fAXES FOR THE FISCAL YEAR BEGINNING
OCTOBER 1. 1997 AND ENDING SEPTEMBER 30. 1998~ AND
FOR EACH YEAR THEREAFTER UNTIL OTHERWISE
PROVIDED. AT THE RATE OF $0.422 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, 1997, TO
PROVIDE REVENUES FOR THE PAYMENT 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.
WttEREAS. 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~ 1997, and ending
September 30. 1998~ hereinafter levied for current expenses of the City and the general
improvements of the City and ils 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 16th
day of September, 1997. the budget for the fiscal year beginning October 1, 1997, and ending
September 30. 1998: 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
SOUTHI.AKE. TEXAS:
Section l. 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. 1997. and ending September 30, 1998, and for each fiscal year
thereat'ret 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
Ordinance No. 685
Page 2
from taxation by the Constitution of the State and valid State laws, an ad valorem tax rate of
$0.422 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 goverm'nent of
the City. a tax of $0.24739 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. 17461 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 December 31.
1997. and all ad valorem taxes tbr the year shall become delinquent after January 31. 1998.
There shall be no discount for payment of taxes prior to said January 31, 1998. 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 (65/~ ) 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
(125/~) of the amount of the delinqnent 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. 'Faxes that remain delinquent on July 1.
1998, 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 collection due to contract with the City's
attorney pursuant to Section 6.30 of the Property Tax Code.
Section 4. Taxes are payable at the oflqce of Tarrant County Tax Collector. The City shall
have available all rights and remedies provided by law tbr the enforcement of the collection of
taxes levied under this ordinance.
Section 5. That the tax rolls, as presented to the City Council. together x~ith 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
Ordinance No. 685
Page ~
remaining portions of this Ordinance despite such invalidity, which remaining portions shall
remain in full force and effect.
Section 8. That the necessity' of and levying municipal ad valorem taxes of the City for the
next fiscal 5,'ear 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 ordained.
1997.
ATTEST:
PASSED AND APPROVED on first reading this /9 day of~
Sandra LeGrand
City Secretary
Rick Stacy, Mayor
1997.
ATTEST:
~nd~a ~eGrand
City Secretary
PASSED AND APPROVED on 4"wst.-.reading this i/O day of
APPROVED AS TO FORIvI:
Cit>' Attorney
Adopted:
City of Southlake, Texas
MEMORANDUM
September 11. 1997
TO:
Curtis E. Hawk. City Manager
FROM:
Lou Ann Heath, Director of Finance
SUBJECT: Ordinance No. 685, 2nd reading, Tax Levy Ordinance
The FY1997-98 budget as submitted to the City Council proposes a tax rate of $.422 per $100 of
a property's taxable value. Part of the tax rate, $. 17461 per $100, pays for the retirement of debt
that is due during the I997-98 budget year. The remainder of the tax rate, $.24739 per $100, is
used to support General Fund operations of the City, such as police, fire, and inspections. State
law requires the City to adopt the tax rate in these two components. Maintaining the $.422 per
$I00 rate as proposed exceeds the 'notice and hearing' threshold of $.41971, therefore the City
Council on August 26 voted to conduct a public hearing on the tax rate. The public hearing was
held September 2.
On July 25, the Tarrant Appraisal District certified to City management the appraised values of
all properties in Southlake. Total taxable value in the City is $1,550,350,213, which is the value
of properties as of January 1, i997. Upon adoption of a tax rate, the City's tax collector, Tarrant
County, will be notified of the adopted rate. Tarrant County has indicated that the City's tax rate
inl~rmation must be sent to them by September 18. Tarrant County will then apply the tax rate
to the taxable values of properties in Southlake, and generate tax statements after October 1.
Second reading of Ordinance 685 will approve the tax rate at $.422 per $100 of taxable value and
meet thc required timetable set forth by Tarrant County. Please place the tax rate levy ordinance
on the September 16 agenda.
LAH
L: FINANCE",9798BUD\TXRT2ORD.WPD
Star-Telegram FED. I.D. NO. 22-3148254
AD ORDER NO. 11717553
400 W.SEVENTH STREET•FORT WORTH,TEXAS 76102 ACCOUNT NO. C I T 5 7
ilkSTATE OF TEXAS
ty of Tarrant
Before me, a Notary Public in and for said County and State, this day
personally appeared TAMMIE BRYANT Billing Specialist for the
Star-Telegram, published by the Star-Telegram Inc. at Fort Worth, in Tarrant County, Texas; and
who, after being duly sworn, did depose and say that the following clipping of an advertisement was
published in the above named paper on the following dates:
DATE AD ORDER NO. DESCRIPTION AD SIZE INCHTAL RATE AMOUNT
9/19ME__11?1755 ORDINANCE NO . 68 I358 1x 55L 55 . 79 43 . 45
ORDINANCE 140.6E5 I a971.19_-❑9/19_
AN ORDINANCE OF THE CITY
COUNCIL OF THE CITY OF
SOUTHLAKE TEXAS FIXING
AND LEVYING MUNICIPAL
AD VALOREM TAXES FOR
THE�� FISCAL YEAR BEGIN
AND ENDINGSSEPIEMBER
YEAR 99HEREAFFTERR UNTIL --....
OTHERWISE PROVIDED AT
THE RATE OF $0.422 PER
ONE HUNDRED DOLLARS
(6100.00) ASSESSED VAL
UE ON ALL TAXABLE PROP-
ERTY WITHIN THE CORPO-
RATE LIMITS OF THE CITY
OF SOUTHLAKE,TEXAS,AS
OF JANUARY 1, 1997, TO_
PROVIDE REVENUES FOR
THE PAYMENT OF CURRENT
EXPENSES AND TO PRO-
VIDE AN INTEREST AND
NKING FUND ON ALL OUT
YNDDIRECTING THEO AS S I
SSMENT THEREOF' PRO-
IDINGFOR DADUEAND DELIN- 25th SEPTEMBER 1997
S` WITH
DATES TOGETHERINT -SWORN TO BEFORE ME, THIS THE DAY OF
WITH PENALTIES AND INTER- (�
EST THEREON,' PROVIDINGPPOI • �I�� `-
FOR PLACE OF PAYMENT;
PROVIDING FOR APPROVAL
SEOF THE TAX ROLLSITYPRE :Y p,h Notary Public SENTED TO THE CITY COUN _ti�a. .,,p 1
CIL-PROVIDING FOR THE RE- sa-' `°��4 RHONDA R. GOKE
'PEAL OF INCONSISTENT OR- Pi •�/o
DINANCES• PROVIDING FOR �� ........
) COMMISSION EXPIRES
A SEVERABILITY CLAUSE;
AND DECLARING AN EFFEC- r '-. TARRANT COUNTY,TEXAS
TIVE DATE. ''i .+N:. SEPTEMBER 8, 1999
PASSED AND APPROVED ON ."' !�'
2ND RERADING THIS THE
16TH DAY OF SEPTEMBER,
LAR7CITDYURCOUNCIL MEET ORIGINAL INVOICE AND RECONCILE WITH MONTHLY STATEMENT. THANK YOU!
��INNG.
//RR ick Stacy,Mayor
TEAR ALONG THIS PERFORATION AND RETURN THE LOWER PORTION WITH YOUR PAYMENT
/s/Sandra L.LeGrand, -------A
City Secretary
APPROVED AS TO FORM:
/s/E.Allen Taylor,Jr.,
ci y Attorney _
Star"I'e1egrai1uhi „I . . 4 .:, -. .4„,
REMIT TO: 400 W.SEVENTH ST. •FORT WORTH,TEXAS 76102
ACCOUNT M
11717553 NUMBER CIT57 ADVENT 43 . 45
PAGE], 011, IF ANY QUESTIONS, PLEASE CALL(817)390-7885
SCITY OF SOUTHLAKE
667 N CARROLL AVE PLEASE PAY
SOUTHLAKE, TX 76092-9595 THIS AMOUNT 43 . 45
1
PLEASE WRITE IN AMOUNT ENCLOSED
Star-Telegrani FED. I.D. NO. 22-3148254
AD ORDER NO. 11562816
400 W.SEVENTH STREET•FORT WORTH,TEXAS 76102 ACCOUNT NO. CI T 5 7
STATE OF TEXAS
ty of Tarrant
Before me, a Notary Public in and for said County and State, this day
personally appeared TAMMIE BRYANT Billing Specialist for the
Star-Telegram, published by the Star-Telegram Inc. at Fort Worth, in Tarrant County, Texas; and
who, after being duly sworn, did depose and say that the following clipping of an advertisement was
published in the above named paper on the following dates:
DATE AD ORDER NO. DESCRIPTION AD SIZE TOMCHTUNE RATE AMOUNT
8/22ME 11562816 NOTICE OF PUBLIC I357 1x 61L 61 . 79 48 . 19
I NOTICE OF 08/22-G8/2c
PUBLIC HEARING Notice is hereby given to all
interested persons that the
City Council of the City of
_..... Southlake, will be holding a
public hearing during the
Re ular City Council meetingg
to be held on September 2,
1997 at 6:00 .m. in the
City Council Chambers of
City Hall 667 North Carroll
Avenue,Southlake,Texas.
Purpose of the hearing is to
consider the second reading _.. _....
of the following ordinance.
ORDINANCE NO.685
AN ORDINANCE OF THE CITY
COUNCIL OF THE CITY OF
- SOUTHLAKE TEXAS FIXING
AND LEVYING MUNICIPAL
AD VALOREM TAXES FOR
THE FISCAL YEAR BEGIN-
NG OCTOBER 1 1997
D ENDING SEPTEMBER
1998 AND FOR EACHAR THEREAFTER UNTIL
HERWISE PROVIDED. AT SI
THE RATE OF $0.422 PER
ONE HUNDRED DOLLARS SWORN TO BEFORE ME, THIS THE 27th DAY OF AUGUST 19
S' ($100.00) ASSESSED VAL-
UE ON ALL TAXABLE PROP-
RATE WITHIN THE CITY _�:t•c4i,t"'s�"►'%o.y�.�..-�,,,v�
RATE LIMITS OF THE CITY =�I:....P•G',
OF SOUTHLAKE,TEXAS,AS yli.
d .B�4RHOAIDA R. GOKE Y —P '
OF JANUARY 1, 1997, TO `•:nt� Notar PublicTHOVIAY REVENUES ENT ,1 COMMISSION EXPIRESTHE PAYMENT OF CURRENT � , COMMISSION
EXPENSES AND TO PRO- io\ /'
SINKING FUND ON ALL OUT-- if 4�%\.Z.. ±r SEPTEh1BER 8, 1999 TARRANT COUNTY,TEXAS
STANDING DEBTS OF THE
CITY DIRECTING THE AS-
SESSMENT THEREOF• PRO-
VIDING FOR DUE AND DELIN-
pTHPALIONH IWI PENALTIES ORIGINAL INVOICE AND RECONCILE WITH MONTHLY STATEMENT. THANK YOU!
TEREST THEREON; PROVID-
ING FOR PLACE OF PAY-
MENT. _
MAPROVIDING
ROVT DIE TAX FOR
TEAR ALONG THIS PERFORATION AND RETURN THE LOWER PORTION WITH YOUR PAYMENT�A
PRESENTED TO THE CITY
-
THE COUNCIL, PROVIDING
I INCONSIS-
TENT TENT ORDINANCES; PRO-
VIDING FOR A SEVERABILITY
SCLAUSE AND DECLARING
AND EFFECTIVE DATE.
1 City ecra L.LeGrand, rain
City Secretary
`C t�Of SoSouthlakeREMIT TO: , 400 W.SEVENTH ST. •FORT WORTH,TEXAS 76102
_
11562816 NUMs RT CIT57 A DUENT 48 . 19
PAGE], O$ IF ANY QUESTIONS, PLEASE CALL(817)390-7885
SCITY OF SOUTHLAKE
667 N CARROLL AVE PLEASE PAY ►
SOUTHLAKE, TX 76092-9595 THIS AMOUNT 48 . 19
PLEASE WRITE IN AMOUNT ENCLOSED