85-050 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP FOR 1985
ORDINANCE N0. 85-050
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 1985, UPON ALL TAXABLE PROPERTY WITHIN
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 City of Paris,
Texas subject to ad valorem taxes for the year 1985, such
total valuation being the sum of $391,620,808.; 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 $31,861,375.
making a new valuation subject to ad valorem taxes in the
sum of $359,759,433.; 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 fiscal year beginning October I,
1985, and ending September 30, 1986; and,
WHEREAS, the City Council has heretofore, by ordinance
adopted the budget appropriating from ad valorem taxes the
following sums, to-wit:
General Fund $1,785,486.
Debt Service Fund $ 157,215.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF PARIS:
Section 1. That there shall be and is hereby levied
f.or the year 1985 and ordered to be collected a tax of
$0.54 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 CURREtdT EXPENSES
of the City Government or the City of
Paris, on each and every One Hundred
Dollars worth of property situated
within the corporate limits of the Citv
of Paris and subject to taxation a tax
of (of which $0.0025 will be for the
operation of the Paris Municipal Band) $0.4963
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 $0.0437
Total $0.54