2007-030-ORD-Fixing the tax rate and the tax levy and levying ad valorem taxes for the City of Paris for the year 2007ORDINANCE N0, 200~-030
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS,
PARIS, TEXAS, FIXING THE TAX RATE AND THE TAX LEVY AND
LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS FOR THE
YEAR 2007 UPON ALL TAXABLE PROPERTY WITHIN THE CITY OF
PARIS IN CONFORMITY WITH THE CHARTER PROVISIONS AND
ORDINANCES OF THE CITY; MAKING OTHER FINDINGS AND
PROVISIONS RELATED TO THE SUBJECT; REPEALING ALL
ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH;
AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Lamar County Appraisal District, as authorized by the laws of the
State of Texas, has fixed the value of all property situated within Paris, Texas, subject to ad
valorem taxes for the year 2007, such total valuation being the sum of $1,419,106,196;
and,
WHEREAS, in accordance with provisions of ordinances passed by the City Council
of the City of Paris, property owners over the age of sixty-five (65) and disabled Veterans
have filed exemptions; other adjustments for tax abatements have been approved; and
other exemptions are authorized under state law; thereby reducing the total valuation
subject to ad valorem taxes; and,
WHEREAS, in accordance with the provisions of the Charter of the City of Paris,
Paris, Texas, the City Manager has heretofore submitted to the City Council a proposed
budget of the revenues of the City and the expenditures for the conduct of the affairs
thereof, providing a complete financial plan for the fiscal year beginning October 1, 2007
and ending September 30, 2008; and,
WHEREAS, the City Council has heretofore by ordinance adopted the budget
appropriating from ad valorem taxes the following sums, to-wit:
General Fund $6,207,127.00
Debt Service Fund $1,344,555.00; and,
WHEREAS, the City Council has by previous separate vote approved a rate of
0.46526 per $100.00 for maintenance and operations expenditures and a rate of 0.09474
per $100.00 for debt service;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
PARIS, PARIS, TEXAS:
Section 1. That the findings set out in the preamble to this ordinance are hereby in
all things approved.
Section 2. That there shall be and is hereby levied for the year 2007 and ordered to
be collected, a tax of $0.56 on each and every ONE HUNDRED DOLLARS ($100.00) of
the assessed valuation of all property of every description subject to taxation within the
corporate limits of Paris, and that said tax so levied shall be distributed and apportioned as
follows:
CURRENT EXPENSES:
For the payment of CURRENT EXPENSES of the City
Government of the City of Paris, on each and every
One Hundred Dollars worth of property situated
within the corporate limits of Paris and subject to
taxation a tax of $0.46526
(of which $0.00146 will be for the operation of the
Paris Municipal Band)
DEBT:
For paying interest and creating a sinking fund for
Tax and Revenue Certificates of Obligation, Series
"2000,"on each and every one Hundred Dollars
worth of property situated within the corporate limits
of Paris and subject to taxation, a tax of $0.03850
For paying interest and creating a sinking fund for
Tax & Revenue Certificates of Obligation Series
2002 on each and every One Hundred Dollars worth
of property situated within the corporate limits of
Paris and subject to taxation, a tax of $0.03101
For paying interest and creating a sinking fund
for General Obligation Refunding Bonds, Series
"2003," on each and every One Hundred Dollars
worth of property situated within the corporate
limits of Paris and subject to taxation, a tax of 0.02523
Total Debt Rate $ .09474
TOTAL TAX RATE $0.56
Section 3. That the City Tax Assessor and Collector of the City of Paris is hereby
directed to assess, extend, and enter upon the rolls of the City of Paris, Paris, Texas, for
the current taxable year, the amount and rates herein levied and shall be collected as
provided by the ordinances and the Charter of the City of Paris, Paris, Texas, and the laws
of the State of Texas; and when so collected, same shall be distributed in accordance with
ordinance.
Section 4. That all ordinances and parts of ordinances in conflict herewith are
hereby expressly repealed.
Section 5. That this ordinance shall be and remain in full force and effect from and
after its passage and approval by the City Council of the City of Paris.
PASSED AND ADOPTED this 17th day of September, 2007.
Jesse J es Freelen, Mayor
ATTEST:
t ~
J nice Ellis, City Clerk
APPROVED AS TO FORM:
Kent Mcllyar ' Attorney