92-044 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP FOR THE YEAR 1992
ORDINANCE N0. 92-044
AN URD INANCE F I X ING THE TAX RATE AND THE TAX LEVY, AND
LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS, PARIS,
TEXAS, FOR THE YEAR 1992, UPON ALL TAXABLE PROPERTY WITHIN
THE SAID CITY OF PARtS, PARIS, TEXAS, IN CONFORMITY WITH THE
CHARTER PROVISIONS AND ORDINANCES OF SAID CITY; AND REPEALING
ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH.
WHEREAS, the Lamar CUUTlty Appraisal District as
authorized by the Laws of the State of Texas has fixed the
value of all property situated within the City of Paris,
Paris, Texas subject to ad valorem taxes for the year 199'z',
such total valuation being t:he sum of $654,161,665.00; 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 iiled exemptions in the sum of $39,508,978.00
making a new valuation subject to ad valorem taxes in the sum
of $614,652,687.00; and,
WHEREAS, in accordance with the provisions of the
Charter of the City of Paris, Paris, Texas, the City N'ianager
has heretofore submitted to the City Council a proposed
budget of the revenues of t:he City and the expenditures for
the conduct of the affairs thereof, providing a complete
financial plan for the fiscal year beginning October 1, 1992,
and ending September 30, 1993; and,
WHEREAS, the City Council has heretofore, by ordinance
adopted the budget appropriating from ad valorem taxes the
following sums, to-wit:
General Fund $2,893,205.00
Debt Service Fund $ 266,095.00
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF PARIS:
Section 1. That there shall be and is hereby levied
for the year 1992 and ordered to be collected a tax of
$0.54105 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 sha11 be distributed
anci 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
within the corporate limits of the City
of Paris and subject to taxation a tax
of (of which $0.00162 will be for the
operation of the Paris Municipal Band) $0.49548
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 Certiticates 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 taxation, a
tax of $0.02557
Total $0.54105
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 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 3. All ordinances and parts of ordinances in
conflict herewith are hereby expressly repealed.
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 24th day of September, 1992.
~-~--~J
e ge is er, Mayor
ATTFST:
zl~Gi2'4~
Barbara Denny, Ass' tant
City Clerk
APPROVED AS TO FURM:
T. K. Hayn , City Attorney