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89-035 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP FOR 1989
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89-035 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP FOR 1989
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11/21/2017 9:09:18 AM
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CITY CLERK
CITY CLERK - Date
9/22/1989
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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> ORllINANCE N0. 89-035 <br /> <br /> <br /> <br /> AN ORDINANCE FIXING THE TAX FtATE AND THE TAX LEVY, AND <br /> LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS, PARIS, TEXAS, FOR <br /> THE YEAR 1989, UPON ALL TAXABLE PROPERT'Y WITHIN THE SAII7 CITY OF <br /> PARIS, TEXAS, IN CONFORMITY WITH THE CHARTER PROVISIONS AND <br /> ORDINANCES OF SAID CITY; AND REPEALING ALL ORDINANCES OR PARTS OF <br /> ORDINANCE5 IN CONFLICT HEREWITH. <br /> WHEREAS, the Lamar County Appraisal District as authorized <br /> by the Laws of the State of Texas has fixed the value of all <br /> property situated within the City of Paris, Texas subject to ad <br /> valorem taxes for the year 1989, such total valuation being the <br /> sum of $658,611,829.00; and, <br /> WHEREAS, in accordance with provisions of Ordinances passed <br /> by the City Council of the City of Paris, Paris, Texas, property <br /> owners over the age of 65 and disabled Veterans have filed <br /> exemptions in the sum of $38,349,020.00 making a new valuation <br /> subject to ad valorem taxes in the sum of $620,262.809.00; and, <br /> WHEREAS, in accordance with the provisions of the Charter of <br /> the City of Paris, Paris, Texas, the City Manager has heretofore <br /> submitted to the City Council a proposed budget of the revenues <br /> of the City and the expenditures for the conduct of the affairs <br /> thereof, providing a complete financial plan for the fiscal year <br /> beginning October l, 1989, and ending September 30, 1990; and, <br /> WHEREAS, the City Council has heretofore, by ordinance <br /> adopted the budget appropriating from ad valorem taxes the <br /> following sums, to-wit: <br /> General Fund $2,435,540.00 <br /> <br /> Debt Service Fund 267,525.00 <br /> <br /> NOW, THEREFORE, BE IT URDAINED BY THE CITY COUNCIL OF THE <br /> CITY OF PARIS: <br /> Section 1. That there shall be and is hereby levied <br /> for the year 1989 and ordered to be collected a tax of $0.4587 on <br /> each and every ONE HUNDRED DOLLARS ($100.00) of the assessed <br /> valuation of all property of every description subject to <br /> taxation within the corporate limits of the City of Paris, and <br /> that said tax so levied shall be distributed and apportioned as <br /> follows: <br /> For the payment of CURRENT EXPENSES <br /> ot the City Government of the City of <br /> Paris, on each and every One Hundred <br /> Dollars worth of property situated <br /> within the corporate limits of the City <br /> of Paris and subject to taxation a tax <br /> of (of which $0.00037 will be for the 4133 <br /> operation of the Paris Municipal Band) $0. <br /> For paying interest and creating a <br /> sinking fund for General Obligation Bonds, <br /> Series "1985", on each and every One <br /> Hundred Dollars worth ot property situated <br /> within the corporate limits of the City of 0254 <br /> Paris and subject to taxation, a tax of $0. <br />
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