93-047 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP FOR THE YEAR 1993
ORDINANCE N0. 93-047
AN ORDINANCE FIXING THE TAX RATE AND THE TAX LEVY, AND
LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS, PARIS,
TEXAS, FOR THE YEAR 1993, UPON ALL TAXABLE PROPERTY WITHIN
THE SAID CITY OF PARIS, TEXAS, IN CONFORMITY WITH THE CHARTER
PROVISIONS AND ORDINANCES UF SAID CITY; AND REPEALiNG ALL
ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH.
WHEREAS, the Lamar County Appraisal District as au-
thorized by the Laws of the State of Texas has fixed the
value of all property situated within the City of Paris,
Texas subject to ad valorem taxes for the year 1993, such
total valuatiori being the sum of $655,463,677.00; and,
WHEREAS, in accordance with provisions of Ordinances
passed by the City Council of the City of Paris, Paris,
Texas, property owners over the age of 65 and disabled
Veterans have filed exemptions in the sum of $29,311,318.00
making a new valuation subject to ad valorem taxes in the sum
of $626,152,359.00; 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 fiscai year beginning October 1,
1993, and ending September 30, 1994; and,
WHEKEAS, a public hearing was held on the City Managers
budget on the 16th day of September, 1993. Thereafter, the
City Council did adopt its budget by ordinance on said
September 27, 1993 appropriating from ad valorerrâ–º taxes the
following sums, to-wit:
General Fund $2,544,746.00
Debt Service Fund $ 244,660.00
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF PARIS:
Section I. That there shall be and is hereby levied
for the year 1993 and ordered to be collected a tax of
$0.46893 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 the City
of Paris, and that said tax so levied shall be distributed
and apportioned as follows:
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
Gaithin the corporate limits of the City
of Paris and subject to taxation a tax
of (of which $.00155 will be for the
operation of the Paris rlunicipal Band) $0.42780
For paying interest and creating a
sinking fund for General Obligation
Bonds, Series "1985", on each and every
One Hundred Dollars worth of property
situated within the corporate limits
of the City of Paris and subject to
taxation, a tax of $0.02
For paying interest and creating a sinking
fund for Combination Tax and Solid Waste
Disposal System Revenue Certificates of
Obligation, Series "1984" on each and every
One Hundred Dollars worth of property
situated within the corporate limits of the
City of Paris and subject to a taxation, a
tax of $0.02113
Total $0.46893
Section 2. 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 prouided 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 3. Al1 ordinances and parts of ordinances in
conflict herewith are hereby expressly repealed.
This ordinance shall be and remain in full force and
effect frc,m and after its passage and approval by the City
Council ot the City of Paris.
Passed and adopted this 27th day of September, 1993.
~
Ge rge isher, Mayor
ATTEST:
, ~
Mattie Cunningham, Cit ler,
APPROVED AS 0 FORM:
T. K. Haynes, City Attorney