92-T-21 Levy Taxes
ORDINANCE NO.!l:P- -7 - J I
AN ORDINANCE
LEVYING AND ASSESSING ALL TAXABLE PROPERTY
WITHIN THE CORPORATE LIMITS OF THE CITY OF
SCHERTZ, TEXAS, FOR THE YEAR 1992;
PROVIDING THE BASIS OF ASSESSMENT OF 100%
APPRAISED VALUE AND PROVIDING FOR THE
COLLECTION THEREOF AT THE RATE OF $0.4255 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 $0.4255 on
the one hundred dollar ($100.00) assessed valuation for the
year 1992.
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
$0.3512
(B) For requirements of the Tax Bond
Interest and Sinking Fund to meet
the outstanding tax supported
indebtedness of the City for fiscal
year 1992-1993
TOTAL TAX RATE
$0.0743
$0.4255
The Director of Finance has certified to the
availability of funds to pay principal and interest on the
fOllowing indebtedness during the Fiscal Year 1992-1993.
DATE OF ISSUE
1962 City of Schertz, Sewer System Bonds
Principal
Interest
$11,000.00
$ 3,913.00
$14.913.00
Total
1972 City of Schertz, Street Improvement Bonds
Principal
Interest
$11,000.00
$ 2.232.00
$13.232.00
Total
1975 City of Schertz, Park Improvement, Street
and Drainage Bonds
Principal
Interest
$10,000.00
$11,420.00
$21,420.00
Total
1981 City of Schertz, Combination Tax and Junior
Lien Revenue Certificates of Obligation
Principal
Interest
$10,000.00
$ 7,870.00
$17.870.00
Total
1983 City of Schertz, Combination Tax and Revenue
Certificates of Obligation
Principal
Interest
$55.000.00
$83,735.00
$138.735.00
Total
1987 City of Schertz, General Obligation Bonds
Principal
Interest
$25.000.00
$25.265.00
$50,265.00
Total
1990 City of Schertz, Combination Tax and
Limited Pledge Revenue Certificates of
Obligation
Principal
Interest
$35,000.00
$61,047.50
$96.047.50
Total
1991 City of Schertz, Certificates of
Participation
Principal
Interest
$30,000.00
$ 6,152.50
$36,163.50
Total
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
1992, such basis of assessment being required to meet the
proposed expenditures of the General Fund for the Fiscal
Year 1992-1993 and collection of taxes thereof at the rate
of $0.4255 assessed valuation as herein provided.
SECTION 4. THAT 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
, 1992.
this the
IS-
day of
ATTEST:
-
PU~~IC NQ~_
ORDINANCE NO,.92. T.21
AN ORDINANCEl.EVYING
AND ASSESSING ALL
TAXABLE PROPERTY WITHIN
THE CORPORATE' LIMITS OF
THE CITY OF SCHERTZ,
TEXAS, FOR THE YEAR 1992;
PROVIDING THE BASIS OF
ASSESSMENT OF 100%
APPRAISED VALUE AND
PROVIDING' . FOR THE
COLLECTION THEREOF AT ;
THE RAT'E OF $0.4255 ON I
THE ONE HUNDRED DOLlAR
($100.00) ,ASSESSED
VALUATION AND'DEClARlNG
AN EMERGENCY.
..... Passed. approved. and
adopted this the 15th' day of
September 1992.
"'-JUNEG;'.KAAUSE
. .....tCity Secretary
9/23 . ....i;,;
COUNlY OF BEXAR J
STATE OF TEXAS
I. .. Wil1i~m . A.. .Joh~son . . . . . . . . . . . . . Publisher of the COMMERCIAL RECORDER. do solemnly
swear that the notice, a printed copy of which is hereto attached. was published OJlC2e{8{~ . Qn~.. .t~me
c~~~~in the COMMERCIAL RECORDER, a daily newspaper of general circulation published at
San Antonio. Bexar County, Texas, on the foUowing dates. to-wit:
PUBUSHER'S AfFIDAVIT
SubSCribed a
.......................................... '.. .September. .23.... ""'l~l~':A.D. 19.9~..
.~..A!...-tJ..................................
Publisher of COMMERCIAL RECORDER
_~Je~!"e,this .2.3rd'Qj.d ...............:l..s.~ .t~..~~.. f.... 19.9.2.....
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