2005T43-Tax Rate
ORDINANCE NO.
05-T-43
AN ORDINANCE
LEVYING AND ASSESSING ALL TAXABLE PROPERTY
WITHIN THE CORPORATE LIMITS OF THE CITY OF
SCHERTZ, TEXAS, FOR THE YEAR 2006; PROVIDING THE
BASIS OF ASSESSMENT OF ONE HUNDRED PERCENT
(100%) APPRAISED VALUE AND PROVIDING FOR THE
COLLECTION THEREOF AT THE RATE OF 0.3977 ON THE ONE
HUNDRED DOLLAR ($100.00) ASSESSED VALUATION; AND
DECLARING AN EMERGENCY.
WHEREAS, a public hearing was held on August 31, 2005 and September 6,
2005, to receive public comment on the proposed tax rate; and
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ,
TEXAS:
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
Schertz, Texas, and there shall be collected by such City a tax of 0.3977 on the
one hundred dollar ($100.00) assessed valuation for the year 2005.
THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE
AND OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX
RATE WILL RAISE TAXES FOR MAINTENANCE AND
OPERATIONS ON A $100,000 HOME BY APPROXIMATELY
$11.60.
SECTION 2. THAT such tax is hereby levied and assessed in
accordance with the applicable Statutes of the State of Texas, and such levy and
assessment is made for the following purposes, to wit:
(A) For the current expense and operation
of the General Fund and its various
Departments
$ 0.3005
(B) For requirements of the Tax Bond
Interest and Sinking Fund to meet
the outstanding tax supported
indebtedness of the City for Fiscal
Year 2005-2006.
$ 0.0972
TOTAL TAX RATE
$ 0.3977
The City Manager has certified to the availability of funds to pay principal and
interest on the following indebtedness during the fiscal year 2005-2006.
Debt Principal Interest Total
1992
City of Schertz, Street
Improvement General
Obligation Bonds $ 100,000.00 $ 17,080.00 $ 117,080.00
2001
City of Schertz, Certificate
of Obligation Bond 160,000.00 185,790.00 345,970.00
2003
City of Schertz, Combination
Tax and L TD Pledge
Revenue Bond 250,000.00 87,857.50 337,857.50
2004
City of Schertz, Combination
Tax and L TD Pledge
Revenue Bond 280.000.00 326.736.26 606.736.26
TOTAL $790.000.00 $617 .463. 76 $1.407.643.76
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 2005, such basis of assessment being required to meet the proposed
expenditures of the General Fund for the Fiscal Year 2005-2006 and collection of
taxes thereof at the rate of 0.3977 assessed valuation as herein provided.
SECTION 4. THAT the Council hereby determined that an emergency
exists requiring immediate action, and this Ordinance is hereby passed as an
emergency measure to be effective immediately upon its passage and the
enactment of this Ordinance 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.
SECTION 5. THE recorded vote on this Ordinance was as follows:
Place One
Council Member Carl Douglas
Council Member John Trayhan
Council Member Reginna Agee
Council Member Tony Wilenchik
Council Member Michael Carpenter
Mayor Hal Baldwin
Place Two
Place Three
Place Four
Place Five
2nd Reading
Aye
Aye
Aye
!lay
Aye
SECTION 6. That all ordinances and parts of ordinances in conflict be
and same are hereby repealed.
PASSED, APPROVED AND ADOPTED this thec20.(, da
ATTEST:
Deput Cit cretary, City of Schertz, Texas
(SEAL OF CITY)
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