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Home My WebLink About11603 ORD - 08/01/1973n . P , •. "k • 1 AN ORDINANCE PRESCRIBING THE TAXES TO BE LEVIED, ASSESSED AND COLLECTED BY THE CITY OF CORPUS CHRISTI, TEXAS, ' FOR THE YEAR 1973 AND FOR EACH SUCCEEDING YEAR THEREAFTER UNTIL OTHERWISE PROVIDED AND ORDAINED, AND SUCH OTHER YEARS AS THE SAME MAY BE APPLI- CABLE: PROVIDING A SAVINGS CLAUSE: AND DE- CLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That there is hereby levied, to be assessed and col- lected in current money of the United States of America, for the use of the City of Corpus Christi, Texas, for the Year 1973, and for each succeeding year thereafter, until otherwise provided and ordained, an annual ad valorem tax of $ 0.95 on each One Hundred Dollars ($100) value thereof, on all property, real, personal, and mixed, located within the said City of Corpus Christi, upon which a tax is authorized to be levied by law, and upon all franchises of all individuals, partners and corporations holding franchises in the City from said City of Corpus Christi, Texas, said tax to be appropriated to the payment and defrayment of current expenses of the Government, including but not limited to street improvement, of said City. Said tax shall be assessed upon sixty percent (60 %) of the cash market value of property subject thereto. SECTION 2. That there is hereby levied to be assessed and collected in current money of the United States of America for the use of the City of Corpus Christi, Texas, for the Year 1973 and for each succeeding year thereafter, until otherwise provided and ordained, an annual direct ad valorem tax of $ 0.63 on each One Hundred Dollars ($100) of value on all property real, personal, and mixed, and franchises described in Section 1 of this ordinance, said taxes to be appropriated for the purpose of creating a sinking fund to pay the interest and principal maturities on all outstanding City of Corpus Christi bonds not otherwise provided for, and including the interest, agent fees, and maturities of the following City of Corpus Christi bonds. 11603 GENERAL OBLIGATION BONDS AND INTEREST MATURING AUGUST 1, 1973 , JULY' 31, 1974 INTEREST AND PAYING AGENT PRINCIPAL FEES TOTAL 1950 City Hall $ 30,000 $ 1,496 $ 31,496 1950 Storm Sewer 80,000 3,990 832990 1950 Water District (Flour Bluff) 32,000 8,734 40,734 1950A Municipal Auditorium 185,000 8,017 1932017 1950 Public Library 25,000 965 25,965 1950A Storm Sewer 100,000 3,859 103,859 1950A Street Improvement 35,000 474 35,474 1951 Airport 35,000 1,088 36,088 1951 Sanitary Sewer 20,000 621 20,621 1951 Storm Sewer 40,000 1,243 41,243 1951 Street Improvement 195,000 10,571 205,571 1954 Fire Station 35,000 1,088 36,088 1954 Storm Sewer 40,000 25,729 65,729 1954 Street Right -of -Way 15,000 5,341 20.341 1954A Fire Station -- 5,326 5,326 1954A Storm Sewer -- 37,907 37,907 1954A Street Improvement 40,000 12,571 52,571 1955 General Obligation 195,000 12,413 207,413 1957 Storm Sewer 35,000 12,316 47,316 1957 General Improvement 125,000 29,072 154,072 1958 Airport 35,000 122579 47,579 1958 Storm Sewer 20,000 8,980 28,980 1958 General Improvement 215,000 83,548 2982548 1959 General Improvement 150,000 66,628 216,628 1960 General Improvement 100,000 32,085 '132,085 1961 General Improvement 150,000 53,683 203,683 1962 General Improvement 75,000 58,652 133,652 1963 General Improvement 80,000 35,561 115,561 1963A General Improvement 150,000 73,719 223,719 1964 General Improvement 180,000 83,643 263,643 1964 Park Improvement 20,000 7,376 27,376 1965 General Improvement 90,000 34,850 124,850 1966 General Obligation 50,000 7,025 57,025 1966A General Improvement 135,000 71,309 206,309 1967 General Improvement 175,000 108,483 283,483 1968 General Improvement 100,000 92,821 192,821 1969 General Improvement 100,000 160,691 2602691 1969A General Improvement 150,000 100,886 250,886 1970 General Improvement 100,000 278,735 378,735 1971 General Improvement 100,000 126,104 226,104 1972 General Improvement 125,000 245,500 370,500 1973 Upper Level College 1002000 76,125 176,125 1973 General Improvement 200,000 317,100 5172100 $ 3,862,000 $ 2,318,904 $ 6,180,904 SECTION 3. All taxes for the Year 1973 hereby levied shall be- come due and payable at the Office of the Tax Assessor- Collector of the City of Corpus Christi, Texas, on or after the first day of August 1973, and if the taxes levied for said year are not paid on or before January 31st next after becoming due, interest shall be charged upon the gross amount of the taxes due and penalty due until paid at the rate of one -half of one percent (1/2 of 1 %) for each month or fraction thereof thereafter. Said interest shall be in addition to such penalties as may be hereafter provided for delinquent taxes. No discount for payment of taxes prior to such taxes be- coming delinquent shall be allowed. SECTION 4. In addition to all other taxes, there is hereby levied a tax on the nature of a street rental fee, as provided by Article 1175, Section (12), V.A.C.S., Texas, against all persons, firms or corporations having any pipes, mains, conductors or other facilities in any public ways, streets, alleys, utility easements, or waters within the City limits of the City of Corpus Christi as part of a Public Utility System. Said charge shall be based on the gross receipts of such public utility derived from the sale of gas, electricity, water or other utility service within the City limits. Said fee or tax is payable for each and every calendar year, and shall be paid on or before March 1 next following the end of such calendar year. Such payments shall be made to the Assessor- Collector of Taxes of the City with a verified statement showing the amount of such gross receipts for the respective year. A reasonable charge for street rental fee aforesaid is hereby determined to be four percent (4 %) of the gross receipts of such utility derived from the sale of gas, electric energy, or water and /or other utility service, including directory advertising, within the City of Corpus Christi and is hereby levied in that amount. In the event this street rental fee and /or occupation tax is by State Law prohibited, except as to a different rate than as is hereby levied, then the rate is hereby fixed at the highest rate permitted by State Law to be levied by the City. Any public utility having a franchise from the City or for any reason permitted to operate within the City shall be liable for the payment of the tax hereby levied unless a different rate of payment or other considers- tion is provided by written agreement with the City. At SECTION 5. If for any reason any section, paragraph, subdivision, clause, phrase, or provision of this ordinance shall be held invalid, it shall not affect any valid provisions of this or any other ordinance of the City of Corpus Christi to which these rules and regulations relate. SECTION 6. That the fact that the passage of an ordinance for the levying of taxes and street rental fees for the City of Corpus Christi for the 4 Year 1973 is necessary and important to the people of the City and the further fact that the preparation and completion of the tax rolls of the City for the Year 1973 is dependent upon the passage of this ordinance, and in order that said tax roll may be completed and ready for the collection of said taxes when the same becomes due and payable as aforesaid, creates an emergency and an imperative public necessity requiring the suspension of the Charter rule providing that no ordinance or resolution shall be passed finally on the date of its introduction and that such ordinance or resolution shall be read at three several meetings of the City Council, and the Mayor having declared such emergency and necessity to exist, having requested the suspension of said Charter rule and that this ordinance be passed finally on the date of its introduction and take effect and be in full force and effect from and after ttye�pasgqs''age of same, IT IS ACCORDINGLY ORDAINED this the -y day of 73. ATTEST: City Secretary APPROVED: DAY OF j&f—, 1973 Ciff At o ney 'k Old M MAYOR THE CITY OF CORPUS CHRISTI, TEXAS Corpus Christi, Texas day of 19 TO THE MEMBERS OF THE CITY COUNCIL t Corpus Christi, Texas For the reasons set forth in the emergency clause of the foregoing ordinance, a public emergency and imperative necessity exist for the suspen- sion of the Charter rule or requirement that no ordinance or resolution shall be passed finally on the date it is introduced, and that such ordinance or resolution shall be read at three meetings of the City Council; I, therefore, request that you suspend said Charter rule or requirement and pass this ordi- nance finally on the date it is introduced, or at the present meeting of the City Council. Respectfully, MAYOR THE CITY OF CORPUS CHRISTI, 4xAs The Charter rule was suspended by the following vote: (� r� J. Howard Stark :K .`a Jason Luby James T. Acuff Rev. Harold T. Branch Thomas V. Gonzales - Ricardo Gonzalez f ` Gabe Lozano, Sr. / J. Howard Stark The above ordinance was passed by the following vote: Jason Luby (,t James T. Acuff Rev. Harold T. Branch Thomas V. Gonzales / Ricardo Gonzalez �- Gabe Lozano, Sr. (� r� J. Howard Stark :K .`a