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0831ORDINANCE NO. 831 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS, FIXING AND LEVYING MUNICIPAL AD VALOREM TAXES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2002 AND ENDING SEPTEMBER 30, 2003, AND FOR EACH YEAR THEREAFTER UNTIL OTHERWISE PROVIDED, AT THE RATE OF $0.462 PER ONE HUNDRED DOLLARS ($100.00) ASSESSED VALUE ON ALL TAXABLE PROPERTY WITH1N THE CORPORATE LIMITS OF THE CITY OF SOUTHLAKE, TEXAS, AS OF JANUARY 1, 2002, 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 for the fiscal year beginning October 1,2002, and ending September 30, 2003, 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, 2002, the budget for the fiscal year beginning October 1,2002, and ending September 30, 2003; and WHEREAS, all statutory and constitutional requirements concerning the levying and assessing of ad valorem taxes have been complied with. NOW TttEREFORE, 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, 2002, and ending September 30, 2003, 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 $0.462 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. 831 Page 2 For the purpose of defraying the current expenses of the municipal government of the City, a tax of $0.32958 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 $0.13242 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, 2002, and all ad valorem taxes for the year shall become delinquent after January 31,2003. There shall be no discount for payment of taxes prior to said January 31, 2003. 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 I st 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 1,2003, 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 ali 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. 831 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 ~r-~ day of 2002. ' ATTEST: Acting City Secretary Rick Stacy, Mayor 2002. PASSED AND APPROVED on second reading this tq'k~day of ~e~>kP_.y~/oo-.~ ATTEST: ,,,,,,,,,,,,,,,,,,,, ,,,' ¼~'I'HL4,.- ,,. ,,- c.,u ........ '_?~' % ?_q :... '-.?,,,,, g City Secretary ~, **'~ ,, APPROVED AS TO FORM: Effective: ~I- 7.-o- O %- INVOICE Star-Telegram Customer ID: CIT57 400 W.7th Street Invoice Number: 219034821 FORT WORTH,TX 76102 (817)390-7761 Invoice Date: 9/20/02 Federal Tax ID 22-3148254 Terms: Net due in 21 days Due Date: 9/30/02 Bill To: PO Number: CITY OF SOUTHLAKE 1400 MAIN ST Order Number: 21903482 STE 440 Sales Rep: 073 SOUTHLAKE, TX 76092-7604 Description: CITY OF SOUTHLA Publication Date: 9/20/02 gar �v DesG P .. F. ;, ; ,mo .. I .� 1. Rate o .`„ CITY OF SO CITY OF ORDIN I3580 1 79 79 LINE $6.63 $523.77 SOUTHLAKE, TEXAS ORDINA83CE NO. Sales DiscouIDTY 1 COUNCOIL tl THE C ($459.78) OF THE CITY T OF SSUTHLAKE, A FIXING LEV AND YING MUNICI- PAL AD VALOREM TAXES FOR THE FISCAL YEAR BE- Net Amount: $63.99 GINNING OCTOBER 1,2002 ENDING 2003, AND YFOR EACH THEREAFTER UNTIL OTHERWISE PRO- VIDED AT THE D 2 M PRO- VIDED,F$0:462 PER �C U ONE HUNDRED \] DOLLARS ($100.00) ASSESSED VALUE ON ALL TAXABLE PROPERTY 2 1 2002 OF ITS SOUTHLAKE ��� TEXAS AS OF JANUAIRY 1 2002. TO PROVIDE REV- SECRETARY ENUES FOR THE OF CITY PAYMENT OF CUR- OFFICE RENT EXPENSES AND TO PROVIDE THE STATE( SNTRFN SINKING UNDO County of Tar DEBTSUT OF NDTHE CITTHE Y;AS ASSESSMENT Before me,a P THEREOF; PROVID-said County and State,this day personally appeared KAREN WILLIAMS, Bid and Legal Coordinator ING FOR DUE AND for the Star-Te D E L I N Q u E N Te Star-Telegram, Inc.at Fort Worth, in Tarrant County,Texas;and who,after being duly sworn,did depose and say that the attach DATES TOGETHER, wITH PENALTIEslsement was published in the above named paper on the listed dates: BIDS SL LEGALS DEPT. STAR TELEGRAM (817) 390-71 AN INTEREST TWED REON PRO- VIDING ING PLACE (cA &Ut1ccu1kJ PROVIDING FOFI APPROVAL OF THE Signed TAX ROLLS PRE- SENTED TO THE SUBSCRIBED i RI COUNCIL•'RE ME, THIS Monday, September 23,2 2. PROVIDING FOFI eP THE REPEAL OF INCONSISTENT OR- DINANCES PRO- VIDING FOR A Notary Public k'l//�� . SEVERABILITY CLAUSE AND DE- CLARINUi AN EF- FECTIVE DATE. 4'� tu,.,. VICKI L.WASON PASSED AND AP- r°° � b�'z PROVED THIS THE • `= M'Y COMMISSION EXPIRES 17th DAY OF SEP- ,,. ' Thank You . TE DURING,THE 2 lent .e -r' AUGUST 28,2004 REG- ULAR CITY COUN- —''- ---- ----- CIL MEETING. MAYOR: Rick Stacy Acting CityST K Secrretahry' APPROVED AS TO FORM: E. Allen Tay- lor, Jr. I Remit To: :,-..- -----b•-,== ' Customer ID: CIT57 P.O. Box 901051 Customer Name: CITY OF SOUTHLAKE FORT WORTH,TX 76101-2051 Invoice Number: 219034821 Invoice Amount: $63.99 PO Number: Amount Enclosed: $