90-T-28 Levying Taxable Property
ORDINANCE NO. 90-7 - 8 gY
AN ORDINANCE
LEVYING AND ASSESSING ALL TAXABLE PROPERTY
WITHIN THE CORPORATE LIMITS OF THE CITY OF
SCHERTZ, TEXAS, FOR THE YEAR 1990; PROVIDING
THE BASIS OF ASSESSMENT OF 100% APPRAISED
VALUE AND PROVIDING FOR THE COLLECTION
THEREOF AT THE RATE OF $0.3689 ON THE ONE
HUNDRED DOLLAR ($100.00) ASSESSED VALUATION
AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS:
SECTION 1. THAT there is hereby levied and assessed
aqainst 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 $0.3689 on the one-hundred
($100.00) assessed valuation for the year 1990.
SECTION 2. THAT such tax is hereby levied and assessed
in accordance with the applicable Statutes of the State of Texas,
such levy and assessment is made for the followinq purposes, to
wit:
(A) For current expense and operation
of the General Fund and its various
departments
(B) For requirements of the Tax Bond
Interest and Sinkinq Fund to meet
the outstanding tax supported
indebtedness of the City for fiscal
year 1990-1991
TOTAL TAX RATE
$0.3063
$0.0626
$0.3689
The City Treasurer has certified to the availability of
funds to pay principal and interest on the following indebtedness
during the Fiscal Year 1990-1991.
DATE OF ISSUE
1962 City of Schertz, Sewer System Bonds
Principal
Interest
Total
$10,000.00
$ 4,640.00
$14,640.00
1972 City of Schertz, Street Improvement Bonds
Principal
Interest
Total
1975 City of Schertz, Park Improvement
Street & Drainage Bonds
Principal
Interest
Total
1981 City of Schertz, Combination Tax
and Jr. Lien Certificate of
Obligation
Principal
Interest
Total
1983 City of Schertz, Combination Tax
and Revenue Certificate of
Obligation
$10,000.00
$ 3,534.00
$13,534.00
$ 5,000.00
$12,100.00
$17,100.00
$10,000.00
$09,825.00
$19,825.00
Principal $45,000.00
Interest $92,182.50
Total $137,182.50
1987 City of Schertz, General
Obligation Bonds
Principal
Interest
Total
1990 City of Schertz, Combination Tax
and Limited Pledge Revenue
Certificates of Obliqation,
Interest
$20,000.00
$18,792.50
$48,792.50
$46,370.00
SECTION 3. THAT the Tax Assessor and Collector for the
City of Schertz, 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 1990, such basis
of assessment being required to meet the proposed expenditures of
the General Fund for the Fiscal Year 1990-1991 and collection of
taxes thereof at the rate of $0.3689 assessed valuation as herein
provided.
SECTION 4. THAT the public importance of this measure
constitutes and creates an urqent public necessity requiring that
this ordinance be passed and take effect as an emergency measure,
and shall take effect and be in force immediately upon and after
its passage.
PASSED, APPROVED AND ADOPTED this the ~,) day of Sppfp4IPpf2
1990. v
ATTEST: