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<br /> <br /> <br /> <br /> <br /> <br /> <br /> DRAFT <br /> attorney\Budget\2010-201 1 \Tax Rate Ord 2010-11 <br /> ORDINANCE NO. <br /> <br /> AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, <br /> FIXING THE TAX RATE AND THE TAX LEVY AND LEVYING AD VALOREM <br /> TAXES FOR THE CITY OF PARIS FOR THE YEAR 2010 UPON ALL TAXABLE <br /> PROPERTY WITHIN THE CITY OF PARIS IN CONFORMITY WITH THE <br /> CHARTER PROVISIONS AND ORDINANCES OF THE CITY; MAKING OTHER <br /> FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; REPEALING ALL <br /> ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH; AND <br /> 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 2010, such total valuation being the sum of $1,479,119,378; 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, 2010 and ending September 30, <br /> 2011; 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 $6,061,058.00 <br /> <br /> Debt Service Fund $1,420,100.00; and, <br /> <br /> WHEREAS, the City Council has by previous separate vote approved a rate of 0.41713 <br /> per $100.00 for maintenance and operations expenditures and a rate of 0.10287 per $100.00 <br /> for debt service; <br /> <br /> NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF <br /> 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 /> <br /> <br /> <br /> 99 <br />