80-T-22
ORDINANCE NO. '$"0- i-{)~
AN ORDINANCE
LEVYING AND ASSESSING ALL TAXABLE PROPERTY WITHIN THE
~ORPORATE LIMITS OF THE CITY OF SCHERTZ, TEXAS, FOR
THE YEAR 1980, PROVIDING THE BASIS OF ASSESSMENT OF ~/bd~
APPRAISED VALUE AND PRQVIDING FOR THE COLLECTION THERE-
OF AT THE RATE OF $,~ 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 ot~Schertz, Texas, and there shall be collected by such City, a
tax of~OO on the one-hundred dollar ($100..00) assessed tax valuation for
the year 1980.
SECTION 2. Such tax is hereby levied and assessed in accordance
with the applicable Statutes of the State of Texas, such levy and assess-
ment is made for the following purposes ,to wit:
(A) For current expense and operation of the
General Fund and its various departments
$.86 Co:,c.
(B) For requirements of the'Tax Bond Interest
and Sinking Fund to meet the outstanding
tax supported indebtedness of the City
for Fiscal Year 1980-81
$ .14 n
TOt~l TAX RATE:
$1.00
The City Treasurer has certified to the availability of funds to pay
principal and interest on the following indebtedness during the
Fiscal Year 1980-81:
DATE OF ISSUE
1962
City of Schertz, Sewer System Bonds
Principal
Interest
$ 7,000.00
$ 7,648;-l5 ;'~. ,.~\ MJ
$14,748.7!:i
:37 '5", 00
1972
City of Schertz, Street Improve-
ment Bonds Principal
Interest
$ 6,000.00"'-- "
$ 7,91-6,;00 7"'"
$13,916.00
13 t .'[,00
1975 City of Schertz, Park Improve-
ment, Street & Drainage Bonds
Principal $ 5,000.00
Interest $15,470.00 IS. I..~O
$20,47tJ. qq
..-'; /' ,I "~ t,.
SECTION 3. That the Tax Assessor and Collector for the City of
Schertz, Texas, is hereby directed to as~~~~ and collect taxes of the
City of Schertz, Texas, on the basis of ~"of appraised values for the
year 1980, such basis of assessment being required to meet the proposed
expenditures of the General Fund for the Fiscal Year 1980-81 and collection
of taxes thereof at the rate of $1.00 assessed valuation as herein provided.
SECTION 4. The public importance 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.
PASSED, APPROVED AND ADOPTED this
Oc:t~
the
7tk
day of
,19 gO
ATTEST:
(SEAL OF CITY)