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<br />ORDINANCE NO. 2006-033 <br /> <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />PARIS, TEXAS, FIXING THE TAX RATE AND THE TAX LEVY AND <br />LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS FOR THE <br />YEAR 2006 UPON ALL TAXABLE PROPERTY WITHIN THE CITY OF <br />PARIS IN CONFORMITY WITH THE CHARTER PROVISIONS AND <br />ORDINANCES OF THE CITY; MAKING OTHER FINDINGS AND <br />PROVISIONS RELATED TO THE SUBJECT; REPEALING ALL <br />ORDINANCES ORP ARTS OF ORDINANCES IN CONFLICT HEREWITH; <br />AND PROVIDING AN EFFECTIVE DATE. <br /> <br />WHEREAS, the Lamar County Appraisal District, as authorized by the laws of the State <br />of Texas, has fixed the value of all property situated within Paris, Texas, subject to ad valorem <br />taxes for the year 2006, such total valuation being the sum of $1 ,352,292,368 and, <br /> <br />WHEREAS, in accordance with provisions of ordinances passed by the City Council of <br />the City of Paris, property owners over the age of sixty-five (65) and disabled Veterans have <br />filed exemptions; other adjustments for tax abatements have been approved; and other <br />exemptions are authorized under state law; thereby reducing the total valuation subject to ad <br />valorem taxes; and, <br /> <br />WHEREAS, in accordance with the provisions of the Charter of the City of Paris, Paris, <br />Texas, the City Manager has heretofore submitted to the City Council a proposed budget of the <br />revenues of the City and the expenditures for the conduct of the affairs thereof, providing a <br />complete financial plan for the fiscal year beginning October 1,2006 and ending September 30, <br />2007; and, <br /> <br />WHEREAS, the City Council has heretofore by ordinance adopted the budget <br />appropriating from ad valorem taxes the following sums, to-wit: <br /> <br />General Fund <br /> <br />$6,214,245.00 <br /> <br />Debt Service Fund <br /> <br />$1,343,005.00; and, <br /> <br />WHEREAS, the City Council has by previous separate vote approved a rate of 0.49294 <br />per $100.00 for maintenance and operations expenditures and a rate of 0.09931 per $100.00 for <br />debt service; <br /> <br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY <br />OF PARIS, PARIS, TEXAS: <br /> <br />Section 1. That the findings set out in the preamble to this ordinance are hereby in all <br />things approved. <br />