90-035 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP FOR 1990
ORDINANCE N0. 90-035
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 1990, UPON ALL TAXABLE PROPERTY WITHIN
THE SAID CITY OF PARIS, PARIS, TEXAS, IN CONFORMITY WITH THE
CHARTER PROVISIONS AND ORDINANCES OF SAID CITY; AND REPEALING
ALL ORDINANCES OR. PARTS UF ORDINANCES IN CONFLICT HEREWITH.
WHEKEAS, the Lamar County 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 1990,
such total valuation being the sum of $659,521,757.00; and,
WHEREAS, in accordance with provisions of Ordinances
passed by Lhe City Gouncil of the City of Paris, Paris,
Texas, property owners over the age of 65 and disabled
Veterans have filed exemptions in the sum of $38,744,665.00
making a new valuation subject to ad valorem taxes in the sum
of $620,777,092.00; 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 aftairs thereof, providing a complete
financial plan for the fiscal year beginning October l, 1990,
and ending September 30, 1991; and,
WHEREAS, the City Council has heretofore, by ordinance
adopted the budget appropriating from ad valorem taxes the
following sums, to-wit:
General Fund $2,562,310.00
Debt Service Fund $ 282,660.00
NOW, THEKEFORE, 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 1990 and ordered to be collected a tax of
$0.5285 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 Goverriment of the City of
Paris, on each and every Ocie Hundred
Dollars worth of property situated
within the corporate limits of the City
of Paris and subject to taxation a tax
of (of which *0.0015 will be for the
operation of the Paris Municipal Band) $0.43457
For paying interest and creating a
sinking fund for Generai Ubligation 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 ot $0.02293
For paying interest and creating a sinking
fund for Combination Tax and Solid Waste
Disposal System Revenue Certificates of
Ubligation, Series "19$4" 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 $0.025
Total $0.4825
Section 2. There is also levied and ordered to be
collected against each and every person, firm or corporation
pursuing and occupation within the corporate limits of the
City of Paris, except where levy of the same is expressly
forbidden by general law, an occupation tax and license tax
equal to one-half (2) of that levied by the State of Texas
against such occupation. This provision applies to each and
every occupation upon which the State of Texas levies a tax
and fixes a license fee and only to such occupations.
Section 3. The City T'ax 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 o£ 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. All ordinances and parts of ordinances in
contlict herewith are hereby expressly repealed.
This ordinance shall be and remain in fu11 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, 1990.
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L ~ a.,...
Eric S. C iffor ; ayor
ATTEST:
Mattie Cunningham, Cit Clerk
APPROVED AS 0 FORM:
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T. K.~Haynes, ity Attorney