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Home My WebLink About12197 ORD - 07/31/1974JRR:e:7 /30/74 • lat AN ORDINANCE PRESCRIBING THE TAXES TO BE LEVIED, ASSESSED AND COLLECTED BY THE CITY OF CORPUS CHRISTI, TEXAS, FOR THE YEAR 1974 AND FOR EACH SUCCEEDING YEAR THEREAFTER UNTIL OTHERWISE PROVIDED AND ORDAINED, AND SUCH OTHER YEARS AS THE SAME NAY BE APPLICABLE; PROVIDING A SAVINGS CLAUSE; AND DECLARING 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 collected in current money of the United States of America, for the use of the City of Corpus Christi, Texas, for the Year 1974, and for each succeeding year thereafter, until otherwise provided and ordained, an annual ad valorem tax of $ 0.95 on each One Hundred Dollars 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 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 1974 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 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: 12197 • 1950 1950 1950 1950A 1950 1950A 1951 1954 1954 1954A 1954A 1954A 1955 1957 1957 1958 1958 1958 1959 1960 1961 1962 1963 1963A 1964 1964 1965 1966 1966A 1967 1968 1969 1969A 1970 1971 1972 1973 1973 1974 1974A 1974 General Obligation Bonds and Interest Maturing August 1, 1974 - July 31, 1975 City Hall Storm Sewer Water District (Flour Bluff) Municipal Auditorium Public Library Storm Sevier Street Imp. Storm Sewer Street Right -of -Way Fire Station Storm Sewer Street Imp. General Obligation Storm Sewer General Improvement Airport Storm Sewer General Improvement General Improvement General Improvement General Improvement General Improvement General Improvement General Improvement General Improvement Park Improvement General Improvement General Obligation General Improvement General Improvement General Improvement General Improvement General Improvement General Improvement General Improvement General Improvement Upper Level College General Improvement Certificates of Obligation Certificates of Obligation General Improvement PRINCIPAL 30,000 80,000 33,000 220,000 25,000 100,000 150,000 80,000 15,000 175,000 180,000 35,000 150,000 35,000 25,000. 235,000 120,000 150,000 175,E 100,000 80,000 150,000 18o,000 20,000 90,000 50,000 135,000 175,000 100,000 100,000 150,000 100,000 100,000 125,000 100,000 200,000 40,000 125,000 $4,088,000 -2- INTEREST AND PAYING AGENT FEES $ 519 1,383 7,594 2,977 338 1,353 4,661 24,566 4,890 5,326 37,907 9,338 6,o45 10,912 24,210 11,438 8,333 76,024 61,185 28,381 48,445 56,516 33,155 69,207 78,229 6,755 31,918 5,021 66,031 101,641 87,8o9 155,177 91,112 270,715 122,094 238,106 70,875 305,100 8,713 45,5oo 218,531 $2,438,050 • TOTAL $ 30,519 81,383 40,594 222,977 25,338 101,353 154,661 104,566 19,890 5,326 37,907 184,338 186,045 45,912 174,210 46,438 33,333 311,024 181,185 133,381 223,445 156,516 113,155 219,207 258,229 26,775 121,918 55,021 201,031 276,641 187, 8og 255,177 241,112 370,715 222,094 363,lo6 170,875 505,100 48,713 45,500 343,531 $6,526,050 i • SECTION 3. That all taxes for the Year 1974 hereby levied shall become 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, 1974, 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 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 becoming delinquent shall be allowed. SECTION 4. That in addition to all other taxes, there is hereby levied a tax in the nature of a street rental fee, as provided by Article 1175, Sec. 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 nest 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 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 consideration is provided by written agreement with the City. -3- SECTION 5. If for any reason any section, paragraph, subdivision, clause, phrase, word, or provision of this ordinance shall be held invalid or unconstitutional by final judgment of a court of competent jurisdiction it shall not affect any other section, paragraph, subdivision, clause, phrase, word, or provision of this ordinance, for it is the definite intent of this City Council that every section, paragraph, subdivision, clause, phrase, word, or provision hereof be given full force and effect for its purpose. 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 year 1974 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 1974 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 the passage of same, IT IS ACCORDINGLY SO ORDAINED this the 3151- day of July, 1974. ATTEST: �T Cify SecrETtary APPROVED: 31ST DAY OF JULY, 1974: EXEC. ASST„ city Attorn y MAYO 2"----' C-;�� THE CITY OF CORPUS CHRISTI, TEXAS Corpus Christi, Texas 3L St day of J1JLY , iTi,� TO THE MEMBERS OF THE CITY COUNCIL 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, K2, MAYOR THE CITY OF CORPUS CHRISTI, TEXAS The Charter rule was suspended by the following vote: Jason Luby AYE James T. Acuff AYE Rev. Harold T. Branch A Yt Thomas V. Gonzales A YE Ricardo Gonzalez AYE Gabe Lozano, Sr. AYE J. Howard Stark AYE The above ordinance was passed by the following vote: Jason Luby A YE James T. Acuff AYE Rev. Harold T. Branch A YE Thomas V. Gonzales AYE Ricardo Gonzalez AYE Gabe Lozano, Sr. Avg J. Howard Stark AYE'