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<br /> ORDINANCE NO. 95-038
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<br /> AN ORDINANCE FIXING THE TAX RATE AND THE TAX LEVY, AND
<br /> LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS, PARIS, TEXAS,
<br /> FOR THE YEAR 1995, UPON ALL TAXABLE PROPERTY WITHIN THE SAID
<br /> CITY OF PARIS, TEXAS, IN CONFORMITY WITH THE CHARTER
<br /> PROVISIONS AND ORDINANCES OF SAID CITY; AND REPEALING ALL
<br /> ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH.
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<br /> WHEREAS, the Lamar County Appraisal District, as authorized by the Laws of
<br /> the State of Texas, has fixed the value of all property situated within the City of Paris,
<br /> Texas subject to ad valorem taxes for the year 1995, such total valuation being the sum of
<br /> $923,211,242.00; and,
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<br /> WHEREAS, in accordance with provisions of state law and Ordinances passed by
<br /> the City Council of the City of Paris, Paris, Texas, the following exemptions have been
<br /> filed: property owners over the age of 65, Ordinance No. 2497, $39,198,288.00; disabled
<br /> Veterans, V.T.C.A., Property Tax Code Section 11.22, $631,430.00; tax abatements,
<br /> Ordinance Nos. 89-036, 90-019, 92-033, 92-048 and 93-014, $80,420,900.00; and the
<br /> Freeport exemptions, Vernon's Ann. Tex. Const. Art. 8 Sec. 1 j, $78,590,242.00, making
<br /> a new valuation subject to ad valorem taxes in the sum of $724,370,382.00; and,
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<br /> WHEREAS, in accordance with the provisions of the Charter of the City of Paris,
<br /> Paris, Texas, the City Manager has heretofore submitted to the City Council a proposed
<br /> budget of the revenues of the City and the expenditures for the conduct of the affairs
<br /> thereof, providing a complete financial plan for the fiscal year beginning October 1, 1995,
<br /> and ending September 30, 1996; and,
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<br /> WHEREAS, the City Council has heretofore, by ordinance adopted the budget
<br /> appropriating from ad valorem taxes the following sums, to-wit:
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<br /> General Fund $3,225,445.00
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<br /> Debt Service Fund $ 410,000.00
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<br /> NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
<br /> CITY OF PARIS:
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<br /> Section 1. That there sha11 be and is hereby levied for the year 1995, and
<br /> ordered to be collected a tax of $.5177 on each and every ONE HUNDRED DOLLARS
<br /> ($100.00) of the assessed valuation of all property of every description subject to taxation
<br /> within the corporate limits of the City of Paris, and that said tax so levied sha11 be
<br /> distributed and apportioned as follows:
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<br /> For the payment of CURRENT EXPENSES of the City
<br /> Government of the City of Paris, on each and every
<br /> One Hundred Dollars worth of property situated
<br /> within the corporate limits of the City of Paris
<br /> and subject to taxation a tax of (of which $.00167
<br /> will be for the operation of the Paris Municipal
<br /> Band) $ .46192
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<br /> For paying interest and creating a sinking fund
<br /> for General Obligation Bonds, Series "1993", on
<br /> each and every One Hundred Dollars worth of
<br /> property situated within the corporate limits of
<br /> the City of Paris and subject to taxation, a taac of $.05578
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<br /> TOTAL $ .5177
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