0708ORDINANCE NO. 708
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS, FIXING AND LEVY1NG MUNICIPAL
AD VALOREM TAXES FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 1998 AND ENDING SEPTEMBER 30, 1999, 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.
WHEREAS, the City Council of the City of Southlake, Texas (hereinafter referred to as the
"City") hereby finds that the tax tbr the fiscal year beginning October 1~ 1998, and ending September
30, 1999, 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 15th day
of September, 1998, the budget for the fiscal year beginning October 1, 1998, and ending September
30, 1999; 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 tree 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, 1998, and ending September 30, 1999, 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 $0.422 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:
Ordinance No. 708
Page 2
For the purpose of defraying the current expenses of the municipal government of the
City, a tax of $0.30763 on each One Hundred Dollars $100.00) assessed value of
all taxable property.
For the purpose of creating a sinking fund to pay the ~nterest and principal on all
outstanding debt of the City, not otherwise provided for, a tax of $0.11437 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,
1998, and all ad valorem taxes for the year shall become delinquent after January 31, 1999. There
shall be no discount for payment of taxes prior to said January 31, 1999. 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, 1999, 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 office of Tarrant County Tax Collector. The City shall
have available 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.
Ordinance No. 708
Page 3
Section 8. That the necessity of 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 ordained.
PASSED AND APPROVED on first reading this /t
1998.
ATTEST:
Sandra LeGr~d
City Secret~
__ day of~
Rick~Stacy, Mayor
PASSED AND APPROVED on first reading this __
1998.
Sandra LeGrand
City Secretary
/,~" day of
APPROVED AS TO FORM:
City Attpme2(
Date:
Adopt.ed./
Effective:
City of Southlake, Texas
September 10, 1998
TO:
FROM:
SUBJECT:
Curtis E. Hawk, City Manager
Lou Ann Heath, Director of Finance
Ordinance No. 708, 2nd reading, Tax Levy Ordinance
The FY 1998-99 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, $.11437 per $100, pays for the retirement of debt
that is due during the 1998-99 budget year. The remainder of the tax rate, $.30763 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.
On July 24, the Tarrant Appraisal District certified to City management the appraised values of
all properties in Southlake. Total taxable value in the City is $2,039,760,183, which is the value
of properties as of January 1, 1998. The 1998-99 Proposed Budget is based on the July 24
taxable values. The total includes $132,924,648 attributable to the annexation of Solana
properties which are still in litigation.
The September 1 supplemental roll from the Tarrant Appraisal District reflects $2,061,308,605 in
taxable value, a slight increase from the July 24 roil. An increas~ ~om the July certified roll is
normal, since protested property values are resolved higher than the minimum projected value.
This taxable value includes $133,636,448 for the annexation of the Solana properties.
Upon adoption of a tax rate with the second reading, the City's tax collector, Tarrant County,
will be notified of the adopted rate. Tarrant County has indicated that the City's tax rate
information 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.
Ordinance No. 708 as presented will adopt the $.422 tax rate, with the rates established for the
debt service and operations components. Please place the tax rate levy ordinance on the
September 15 agenda for second reading.
LAH
L :\F1NANCE\BUDGET\98-99\txrt2ord.doc
Star-Telegram FED. I.D. NO. 22-3148254 14879992
AD ORDER NO.
CIT57
400 W.SEVENTH STREET•FORT WORTH.TEXAS 76102 ACCOUNT NO.
THE STATE OF TEXAS
unty of Tarrant
Before me, a Notary Public in_an f d,E jinty and State, this day
personally appeared 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 TOTAL RATE AMOUNT
. INCH/LINE
4/09ME 14879992 CITY OF SOUTHLAK I358 1x 49L 49 QUOTE -
. -
CmOFSODUTHIAIKE. 04/09-04/09
TEXAS
I NOTICE was hereby given to i
all interested persons that
the City Council of the City of
Southlake, Texas, will be
,.........1 holding a public hearing dur- ,_..
-- ing the regular city council
meetingg to be,held on April
20, 1999,at 6:00 p m.The
meeting will be held in the
- City Council Chambers of
City Hat, 667 North Carroll
Avenue, Southlake, Texas.
Purpose of the hearing will
be held regarding the follow-
_
InO gg,
RDINANCE NO.708
AN ORDINANCE OF THE CITY
OF SOUTHLAKE, TEXAS
FINDING, AFTER REASON-
ABLE NOTICE AND HEAR •
-
ING,THAT LONE STAR GAS
COMPANY'S RATES AND
CHARGES WITHIN THE CITY
SHOULD BE CHANGED;DE-
ERMINING JUST AND REA-
GN WEATHER NORMALIZA- ` �`
BON. PLANT INVESTMENT 12th APRIL �' 1999
AND TIC OF SERVICE STM AU-
NT NORN TO BEFORE ME, THIS THE DAY OF
S� TOMATIC ADJUSTMENT
CLAUSES' APPROVING AN (^ `r/�///��►
FRANCHISE
ADJUSTMENT FACTOR; FOR r-_ ' ®vuo�e�1 � ��� 1 �(�.C�.
FRANCHISE FEES; PROVID-
ING OF sv P`:s, !l�\
FOR RECOVERY OF o "' `:;�i,� r
RATE CASE EXPENSES; 0 .; A RHONDA R. GOKE Notary Public
ADOPTING A MOST FA- `:
.VORED NATIONS CLAUSE' +�•i N 'i COMMISSION EXPIRES S
PRESERVING REGULATOR' �'^;., ��
RIGHTS OF THE CITY; OR- h?f �+�1 SEPTEMBER 8, 1999 TARRANT COUNTY,TEXAS
DERING THAT THIS ORDI- r‘``of t;-
NANCE BE SERVED ON
LONE STAR GAS COMPANY
PROVIDING FOR REPEAL OI`
CONFLICTING ORDINANC-
ES.
Sandra L.LeGrand )RIGINAL INVOICE AND RECONCILE WITH MONTHLY STATEMENT. THANK YOU!
City Secretary
AL.--TEAR ALONG THIS PERFORATION AND RETURN THE LOWER PORTION WITH YOUR PAYMENT�A,
Star-"I'elegraiti
REMIT TO: , 400 W.SEVENTH ST. •FORT WORTH,TEXAS 76102
14879992 ACCOUNT C I T 5 7 AMOUNT 3 9. 6'1
NUMBER DUE
PAGEI of IF ANY QUESTIONS, PLEASE CALL(817)390-7885
CITY OF SOUTHLAKE
CTY SOUTHLAKE
667 N CARROLL AVE PLEASE PAY
SOUTHLAKE , TX 76092-6412 39 . 69
THIS AMOUNT
PLEASE WRITE IN AMOUNT ENCLOSED
FED. I.D. NO. 22-3148254
Star-Telegram AD ORDER NO. 13656280
400 W.SEVENTH STREET•FORT WORTH,TEXAS 76102 ACCOUNT NO. C I T 5 7
f
SSTATE 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 TOTAL INCH/LINE RATE AMOUNT
9/04ME 13656280 NOTICE OF PUBLIC I358 lx 61L 61 . 81 49 . 41
NOTICE OF PUBLIC 09/n 4-❑9/114
HEARING
Notice is hereby given to all in-
terested persons that the
City Council of the City of
Southlake, will be holding a•
------- --- - - -- -
Rublic hearing during the
egular City Council meetingg
to be held on September 15,
1998 at 6:00 p.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.708
AN ORDINANCE OF THE CITY
COUNCIL OF THE CITY OF
ANDT LEVYINGE MUNNFIC IPNAL '
AD VALOREM TAXES FOR
E FISCAL YEAR BEGIN- r
G OCTOBER 1 1998
ENDING SEPtEMBER c
1999 AND FOR EACH J
R THEREAFTER UNTIL
let
PROVIDED, AT
i THE RATE OF $0.422 PER
SI. g oo.HUNDRE SDOLLARL 3WORN TO!; E 8th DAY OF SEPTEMBER 1998
nl
UE ON ALL TAXABLE PROP- 7. i',
ERTY WITHIN THE CORPO- .,vei4 JANE A. DERBY
RATE LIMITS OF THE CITY '••.iJi
OF SOUTHLAKE,TEXAS,AS 14) COMMISSION EXPIRES Notary Public (2,
OF JANUARY 1 1997, TO :,
PROVIDE REVENUES FOR e'r. •'P.
THE PAYMENT OF CURRENT `�,a• .,fF+= MARCH 2, 1999
EXPENSES AND TO PRO-
VIDE AN INTEREST AND TARRANT COUNTY,TEXAS
SINKING FUND ON ALL OUT-
STANDING DEBTS OF THE
CITY- DIRECTING THE AS-
SESSMENT THEREOF,' PRO-
VIDING FOR DUE AND DELIN-
QUENT PENALTIESSTOGETHER
OGET ER- ORIGINAL INVOICE AND RECONCILE WITH MONTHLY STATEMENT. THANK YOU!
WITH FOR PLACT E PAYMENT;DING
PROVIDING FOR APPROVAL TEAR ALONG THIS PERFORATION AND RETURN THE LOWER PORTION WITH YOUR PAYMENT------j
— OF THE TAX ROLLS PRE-
SENTED TO THE CITY COUN-
CIL PROVIDING FOR THE RE-
PEAL OF INCONSISTENT OR-
DINANCES PROVIDING FOR
I AND DECLARING A CLAUSE;F -
11 TIVE DATE.
Sandra L.LeGrand jram ,,
City Secret♦awry 'C. REMIT TO: , 400 W.SEVENTH ST. •FORT WORTH,TEXAS 7610E
CItYn11iW'�'YI n...,.,.-
13656280 NUMB RT CIT57 AMOUNT
49 . 41
PAGE]1 01 IF ANY QUESTIONS, PLEASE CALL(817)390-7885
SCITY OF SOUTHLAKE
667 N CARROLL AVE PLEASE PAY
SOUTHLAKE , TX 7609E-9595 THIS AMOUNT 49 . 41
1
PLEASE WRITE IN AMOUNT ENCLOSED