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HomeMy WebLinkAbout13875 ORD - 08/10/1977AN ORDINANCE PRESCRIBINC THE TAXES TO BE LEVIED, ASSESSED , AND COLLECTED BY THE CITY OF CORPUS CHRISTI, TEXAS, FOR THE YEAR 1977 AND FOR EACH SUCCEEDING YEAR THEREAFTER UNTIL OTHER14ISE PROVIDED AND ORDAINED Am SUCH OTHER YEARS AS THE SAME MAY BE APPLICABLE: PROVIDING A SAVINGS CLAUSE, r o BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS rir CHRISTI, TEXAS: SECTION }. That there is hereby levied, to be Assessed and collected in current money of the United States of America, for the use •f of the City of Corpus Christi, Texas, for the year 1977,'and for each suc- ceeding year thereafter,.until other provided and ordained, and annual ad + valorem tax of $.862 on each One Hundred Dollar value thereof, on all property, real, personel, 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 appro- priated to the paymentf 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 x 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 1977 and for each succeeding year thereafter, until otherwise provided and ordained, and annual direct ad valorem tax of $ .578 on each One Hundred Dollars of value on all property, real, personel, 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: MICROFILMED 13875 �-JUL D " .i1yoj r GENERAL OBLIGATION BONDS AND INTEREST MATURING AUGUST 1, 1977 - JULY 31, 1978 (1) Assumes'sale after January 1, 1978. $5,266,000 $3,226,477 a... 2,477 -2- Interest & Paying Agent Principal Fees Total 1950 Water District #2 (Flour Bluff) $ 36,000 $ 4,668 $ 40,668 1954 Storm Sewer 85,000 17,203 1023203 1954 Street Right -of -Way 15,000 3,536 18,536 1954A Storm Sewer 275,000 4,583 279,583 1957 Storm Sewer 35,000 6,702 41,702 1957 General Improvement 150,000 6,165 1563165 1958 Airport 40,000 7,859 47,859 1958 Storm Sewer 25,000 5,890 30,890 1958 General Improvement 475,000 34,685 509,685 1959 General Improvement 550,000 33,958 583,958 1960 General Improvement 120,000 16,097 136,097 1961' General Improvement 200,000 29,874 229,874 1962 General Improvement 225,000 43,984 268,984 1963 General Improvement 80,000 25,937 105,937 1963A General Improvement 150,000 55,598 205,598 1964 General Improvement 1803000 61,538 241,538 1964 Park Improvement 20,000 4,920 24,920 1965 General Improvement 90,000 23,053 113,053 1966A General Improvement 135,000 50,197 185,197 1967 General Improvement 175,000 81,115 256,115 1968 General Improvement 125,000 72,029 197,029 1969 General Improvement 1503000 134,245 284,245 1969A General Improvement 150,000 61,789 211,789 1970 General Improvement 100,000 246,655 346,655 1971 General Improvement 100,000 110,064 210,064 1972 General Improvement 275,000 205,635 480,635 1973 Upper Level College 100,000 55,125 155,125 1973 General Improvement 250,000 269,100 519,100 1974 Certificates of Obligation 40,000 3,613 43,613 1974A Certificates of Obligation 50,000 38,800 88,800 1974 General Improvement 125,000 194,287 319,287 1975 General Improvement 2003000 360,000 560,000 1975 Certificates of Obligation 200,000 81,200 281,200 1976 General Improvement 100,000 173,200 273,200 1977 General Improvement 40,000 139,350 179,350 1977A General Improvement 200,000 400,000 600,000 1978 General Improvement(1) 163,823 163,823 (1) Assumes'sale after January 1, 1978. $5,266,000 $3,226,477 a... 2,477 -2- SECTION 3. That all taxes for the year 1977 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, 1977, and if the taxes levied for said year are not paid on or before January 31 next after becoming due, said taxes shall be deemed delinquent and 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 water 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 receipt of such public utility derived from the sale of gas, electricity, water, cable television, 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 Tax Assessor - Collector of the City of Corpus Christi 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 (4) percent of the gross receipts of such utility derived from the sale of gas, electric energy, or water, cable television 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 here- by 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 -3- t 1 i 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 pru✓ided by written agreement with the City. SECTION 5. If for any reason any section, paragraph, sub- division, clause, phrase, word, or provision of this ordinance shall be held invalid or unconstitutional by final judgment of a court of competent juris- diction it shall not effect 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, word, or provision hereof be given full force and effect for its purpose. i ,. That the foregoing ordinance wAp read for t e first time and passed to its second reading on this the_' day of V , 1917 by the following vote: Jason Luby Eduardo de Ases David Diaz Ruth'Gill Bob Gulley Gabe Lozano, Sr. Edward L. Sample That the foregoing ordinance wa read for a secon time d passed to its third reading on this theday of 19, by the following vote: Jason Luby Eduardo de Ases David Diaz Ruth Gill Bob Gulley Gabe Lozano, Sr. Edward L. Sample That the foregoing ordin ce was read for the third ti and passed finally on this the�th day of� U 50 19 /)*1 by the following vote: Jason Luby Eduardo de Ases David Diaz Ruth Gill Bob Gulley c, Gabe Lozano, Sr. Edward L. Sample PASSED AND APPROVED, this the In" day of Sat U ATTEST: City Secretary W E D: 7 DAY OF 19 J. BRUCE AYCOCK, CITY ATTORNEY By �4� hct-v Assistant Cit ttorney MAYOR THE CITY OF CORPUS CHRISTI, TEXAS I This ordinance is in effect and force with or without the signature of the Pfayor, in accordance with Article II Section 6 of the City Charter. r 138'75 PUBLISHER'S AFFIDAVIT STATE OF TEXAS, County of Nueces. 1 Before me, the undersigned, a Notary Public, this day personally came ... ......... .... ....... ........... ............................................. who who being first duly sworn, according to law, says that he is the Accounting .............................. ........... ......... ........... of the Corpus Christi Caller and The Corpus Christi Times, Daily Newspapers published at Corpus Christi, Texas, in said County and State, and that the publication of �?E�1�F. -•: FF�TIE•• OF-- Rt�su <SA� -0E-- QRDli�IAPI�F- hiO. -- [x8.7.5_.__._ ._...---. 4t ofwhich the annexed is a true copy, was published in ..........Ga,14ex.. T"a s...-•••••-•-••-••••• •- •••••- •.- •........._... - -._.— on the ...... U. day of.... .- .A!tgIVA .... ........... 19.11, and omPMW ........................... ttsarcyWt@f ..................... _..... ....... ................ ... ......Times. $......- ..................... �- Gloria Garza Accounting Subscribed and sworn to before me this......... day A f .August 19... !� -. - -_ hEugenia S. Cortez :............._ ... -.- ..-- .- ._r- .....-- .._..:..... - -. - J No is", Pu c, Nueces County, Texasr--