04 Tax Rate Ordinance
DRAFT
F:A TTORNEY\ORDWORK\CURRENT Tax Rate Adoption Ordinance 05-06
August 4, 2005
ORDINANCE NO.
AN ORDINANCE OF THE CITY OF PARIS, PARIS, TEXAS, FIXING THE
TAX RATE AND THE TAX LEVY AND LEYflNG AD VALOREM TAXES
FOR THE CITY OF PARIS FOR THE YEAR 2005 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 2005, such total valuation being the sum of$I,109,614,933; 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 fmancial plan for the fiscal year beginning October 1, 2005 and ending September 30,
2006; and,
WHEREAS, the City Council has heretofore by ordinance adopted the budget
appropriating from ad valorem taxes the following sums, to-wit:
General Fund
$5,903,225.00
Debt Service Fund
$1,339,796.00; and,
WHEREAS, the City Council has by previous separate vote approved a rate of 0.5665
per $100.00 for maintenance and operations expenditures and a rate of 0 .125 75 per $100.00 for
debt service;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF PARIS, PARIS, TEXAS:
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Section 1. That the fmdings 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 2005 and ordered to be
collected, a tax of $0.69225 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:
F or 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
(of which $0.00169 will be for the operation of the
Paris Municipal Band)
$0.5665
DEBT:
F or 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
$0.04791
F or 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
$0.04108
F or 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
$0.03676
Total Debt Rate
$ .12575
TOT AL TAX RATE
$0.69225
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.
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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 26th day of September, 2005.
Curtis Fendley, Mayor
ATTEST:
Janice Ellis, City Clerk
APPROVED AS TO FORM:
Larry W. Schenk, City Attorney
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