86-034 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP FOR 1986
ORDINANCE N0. $6-034
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 1986, UPON ALL TAXABLE PROPERTY 4TITHIN
THE SAID CITY OF PARIS, TEXAS, IN CONFORMITY WITH THE
CHARTER PROVISIONS AND ORDINANCES OF SAID CITY; AND REPEAL-
ING 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 Citq of Paris,
Texas subject to ad valorem taxes for the year 1986, such
total valuation being the sum of $594,608,507.; 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 $36,830,625.
making a new valuation subject to ad valorem taxes in the
sum of $557,777,882.; 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 aff.airs thereof, providing a complete
financial plan for the fiscal year beginning October l,
1986, and ending September 30, 1987; and,
WHEREAS, a public hearing was held on the City Managers
budget on the 12th day of August, 1986 and; thereafter, on
the 25th day of September, 1986 a public hearing was held on
the budget as amended by the City Council. Thereafter, the
City Council did adopted its budget by ordinance on said
September 25, 1986 appropriating from ad valorem taxes the
following sums, to-wit:
General Fund $1,758,300.
Debt Service Fund $ 173,350.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF PARIS:
Section l. That there shall be and is hereby levied
for the year 1986 and ordered to be collected a tax of
$0.360 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 foilows:
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 $0.32$
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 $0.032
Total $0.360
Section 2, lhere is also levied and ordered to be
collected against each and every person, firm or corporation
pursuing an 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 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 4. 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 25th day of September, 1986.
Bi y e Burnett, Mayor
ATTEST:
r 4r.
Barbara Denny, Assista City Clerk
APPROVED AS TO FORM:
T. K. Haynes, City Attorney