91-T-12 Levy Taxes
ORDINANCE NO.
~ 1- T-/~
AN ORDINANCE
LEVYING AND ASSESSING ALL TAXABLE PROPERTY WITHIN
THE CORPORATE LIMITS OF THE CITY OF SCHERTZ, TEXAS,
FOR THE YEAR 1991; PROVIDING THE BASIS OF
ASSESSMENT OF 100 % APPRAISED VALUE AND PROVIDING
FOR THE COLLECTION THEREOF AT THE RATE OF
$0.3889 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 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 $0.3889 on the
one-hundred ($100.00) assessed valuation for the year 1991.
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 following purposes, to
wit:
(A)
For current expense and operation
of the General Fund and its various
departments
$0.3185
(B)
For requirements of the Tax Bond
Interest and Sinking Fund to meet
the outstanding tax supported
indebtedness of the City for fiscal
year 1991-1992
TOTAL TAX RATE
$0.0704
$0.3889
The City Treasurer has certified to the availability of funds
to pay principal and interest on the following indebtedness
during the Fiscal Year 1991-1992.
DATE OF ISSUE
1962 City of Schertz, Sewer System Bonds
Principal
Interest
$ 10,000.00
$ 4,277.50
$ 14,277.50
Total
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
Principal
Interest
Total
1987 City of Schertz, General
Obligation Bonds
Principal
Interest
Total
1990 City of Schertz, Combination
Tax and Limited Pledge Revenue
Certificates of Obligation
Principal
Interest
Total
1991 City of Schertz, Certificates
of Participation
Principal
Interest
Total
$ 11,000.00
$ 2,914.00
$ 13,914.00
$ 5,000.00
$ 11,760.00
$ 16,760.00
$ 10,000.00
$ 8,830.00
$ 18,830.00
$ 55,000.00
$ 88,245.00
$143,245.00
$ 20,000.00
$ 27,132.50
$ 47,132.50
$ 35,000.00
$ 64,197.50
$ 99,197.50
$ 25,000.00
$ 12,687.50
$ 37,687.00
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 1991, such basis
of assessment being required to meet the proposed expenditures of
the General Fund for the Fiscal Year 1991-1992 and collection of
taxes thereof at the rate of $0.3889 assessed valuation as
herein provided.
SECTION 4. THAT the public improtance of this measure
constitutes and creates an urgent 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.
~S~APPROVED
of ~ ~, 1991.
AND
ADOPTED
this
the /1 day
ATTEST:
~ a~~ ,fl
City Secretary, City of scnertz~
(SEAL OF CITY)