2003T28-TAX RATEAN ORDINANCE
LEVYING AND ASSESSING ALL TAXABLE PROPERTY
WITHIN THE CORPORATE LIMITS OF THE CITY OF
SCHERTZ, TEXAS, FOR THE YEAR 2003; PROVIDING THE
BASIS OF ASSESSMENT OF ONE HUNDRED PERCENT
(100%) APPI=~,AISED VALUE AND PROVIDING FOR THE
COLLECTIOI~ THEREOF AT THE RATE OF 0.3825 ON THE ONE
HUNDRED r)OLLAR ($100.00) ASSESSED VALUATION; AND
DECLARING AN EMERGENCY.
WHEREAS, a public hearing was held on September 2, 2003, to receive public
comment on the proposed tax rate; and
BE IT ORDAINED
TEXAS'
BY THE CITY COUNCIL OF THE CITY OF SCHERTZ,
SECTION 1. THAT there is hereby levied and assessed against all
taxable property, both real and personal, within the corporate limits of the City of
Scherlz, Texas, and there shall be collected by such City a tax of 0.3825 on the
one hundred dollar {$100.00) assessed valuation for the year 2003.
SECTION2. THAT such tax is hereby levied and assessed in
accordanco with the applicable Statutes of the State of Texas, and such lev~ and
assessment is made for the following purposes, to wit:
(A)
(B)
For the current .expense and operation
of the Generaj Fund and its various
Departments ,
For requirements of the Tax Bond
Interest and Sit'king Fund to meet
.I
the outstanding tax supported
indebtedness Of the City for Fiscal
¥oar 2003-2004.
$ 0.2946
$ 0.0879
TOTAL TAX RATE
$ 0.3825
The City Manager has certified to the availability of funds to pay principal and
interest on the folloWing indebtedness during the fiscal year 2003-2004.
Debt Principal Interest Total
I I I I
1992
City of Schertz, Street
Improvement General
Obligation Bonds
1995
City of Schertz, Get,emi
Obligation, Refunding
Bonds
2001
City of Schertz, Ce~ificate
of Obligation, TIF BOnd
2002
City of Schertz Tax Notes
2003
City of Schertz, certificate
of Obligation Bond
TOTAL
$ 50,000.00
43,000.00
140,000.00
135,000. O0
4.25,000.00.
$7'93,000.00
$ 23,080.00
3,104.00
23O,97O.OO
6,345.00
142,173.13
$378,672.13
$ 73,080.00
46,104. O0
343,970.00
141,345.00
.567,173.13
$1,171,672. !3
SECTION 3. THAT the Tax Assessor and Collector for Guadalupe
County, Texas is Hereby directed to assess and collect taxes of the City of
Schertz, Texas on the basis of one hundred percent (100%) of appraised values
for the year 2003, s~ch basis of assessment being required to meet the proposed
expenditures of the General Fund for the Fiscal Year 2003-2004 and collection of
taxes thereof at the rate of 0.3825 assessed valuation as herein provided.
SECTION 4.. THAT the Council hereby determines that an emergency
exists requiring imn~ediate action, and this Ordinance is hereby passed as an
emergency measure to be effective immediately upon its passage, and the
enactment of this O,rdinance as an emergency measure in accordance with the
provisions of Section 4.09 (e) of the City's Home Rule Charter will contribute to
the preservation of the public peace, health, or safety.
PASSED, APPROVED
AND ADOPTED this the/~,~ay of September 2003.
MayOr, city s
ATTEST:
City Secrets~ry, City of Schertz, Texas
(SEAL O F CITY)
THE STATE OF TEXAS,
County of Guadalupe
PUBLISHER'S AFFIDAVIT
Before me, the underslgned authority, on this date personally appeared
.,,~,,~n,, c_,-,~, known to me, who, being by me duly
sworn, on his oath de[~oses and says that he is the Publisher of The Seguin Gazette-
Enterprise, a newspap~r~ of general circulation, published in said county; that a copy of
the within and foregoing notice was published in said newspaper /t time(s) before
the retum day named therein, such publications being on the following dates:
lq
and a newspaper copy of which is hereto attached.
Sworn tc[~a~ subscribed before me this--"'~,/G""~"day of
~,,L..~' ~ _, A.D., 2003.
Notary Public, Guadalt~pe County, Texas