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<br />ORDINANCE NO. 99-067
<br />
<br />AN ORDINANCE FIXING THE TAX RATE AND THE TAX LEVY, AND
<br />LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS, PARIS, TEXAS, FOR
<br />THE YEAR 1999, UPON ALL TAXABLE PROPERTY WITIDN THE SAID 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 />ORDINANCES IN CONFLICT HEREWITH.
<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 the city of Paris, Texas, subject to ad
<br />valorem taxes for the year 1999, such total valuation being the sum of $1,343,111,679.00; and,
<br />
<br />WHEREAS, in accordance with provisions of state law and Ordinances passed by the City
<br />Council of the City of Paris, Paris, Texas, the following exemptions have been fIled: property
<br />owners over the age of 65, Ordinance No. 2497, $35,999, 130.00; disabled Veterans, V. T . C. A. ,
<br />Property Tax Code Section 11.22, $2,742,530.00; tax abatements, Ordinances Nos. 92-033, 92-
<br />048,93-014,98-018,98-067, and 99-011, and Resolution No. 98-079, $64,076,600.00; Freeport
<br />exemptions, Vernon's Ann. Tex. Const. Art. 8, Sec. l-j, $81,479,604.00; exempt property,
<br />$231,921,933.00; agricultural-use exemptions, $13,277,700.00; HB 366 exemptions, $14,201.00;
<br />homestead cap adjustment $100,530.00, and pollution exemption $2,321,675.00, making a new
<br />valuation subject to ad valorem taxes in the sum of $911,177,776.00; 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 fmancial plan for the fIscal year beginning October 1, 1999, and ending September 30,
<br />2000, which budget was amended; 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 />$4,784,415.00
<br />
<br />Debt Service Fund
<br />
<br />$ 406,840.00
<br />
<br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
<br />OF PARIS:
<br />
<br />Section 1. That there shall be, and is hereby, levied for the year 1999, and ordered to be
<br />collected a tax of $.58598 on each and every ONE HUNDRED DOLLARS ($100.00) of the
<br />assessed valuation of all property of every description subject to taxation within the corporate
<br />limits of the City of Paris, and that said tax so levied shall be distributed and apportioned as
<br />follows:
<br />
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