HomeMy WebLinkAbout18952 ORD - 07/30/1985• •
AN ORDINANCE
PRESCRIBING THE TAXES TO BE LEVIED, ASSESSED AND COLLECTED
BY THE CITY OF CORPUS CHRISTI, TEXAS, FOR THE YEAR 1985 AND
FOR EACH SUCCEEDING YEAR THEREAFTER UNTIL OTHERWISE PROVIDED
AND ORDAINED AND SUCH OTHER YEARS AS THE SAME MAY BE
APPLICABLE; PROVIDING FOR EARLY DISCOUNT PAYMENTS; PROVIDING
A SAVINGS CLAUSE; AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
SECTION 1. We, the City Council of the City of Corpus Christi do
hereby levy or adopt the tax rate on $100 valuation for this city for tax year
1985 as follows:
$ .40587 for the purposes of maintenance and operation
.15913 for the payment of principal and interest on debt of this city
$ .56500 total tax rate
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 1985, and for each succeeding year
thereafter, until otherwise provided and ordained, an annual ad valorem tax of
$.40587 on each one Hundred Dollar 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 100 percent of
the cash market value of property subject thereto.
SECTION 3. 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 1985, and for each succeeding year
thereafter, until otherwise provided and ordained, an annual direct ad valorem
tax of $.15913 on each One Hundred Dollars of value on all property, real,
personal, and mixed, and franchises described in Section 2 of this ordinance and
assessed upon 100 percent of the cash market value of property subject thereto,
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:
18952 MICROFILMED
•
CITY OF CORPUS CHRISTI, TEXAS
GENERAL OBLIGATION BONDS AND INTEREST
MATURING AUGUST 1, 1985 - JULY 31, 1986
Interest and
Paying Agent
Principal Fees Total
1966A General Improvement $ 135,000 $ 7,972 $ 142,972
1967 General Improvement 200,000 20,610 220,610
1968 General Improvement 150,000 20,787 170,787
1969 General Improvement 250,000 51,660 301,660
1970 General Improvement 500,000 30,230 530,230
1971 General Improvement 200,000 53,746 253,746
1972 General Improvement 275,000 86,567 361,567
1973 Upper Level College 100,000 13,225 113,225
1973 General Improvement 300,000 144,624 444,624
1974 General Improvement 225,000 113,522 338,522
1974A Certificates of Obligation 50,000 16,900 66,900
1975 General Improvement 400,000 222,440 622,440
1976 General Improvement 200,000 108,432 308,432
1977 General Improvement 150,000 86,133 236,133
1977A General Improvement 400,000 258,736 658,736
1978 General Improvement 500,000 400,917 900,917
1978A General Improvement 200,000 201,230 401,230
1979 General Improvement 450,000 386,981 836,981
1979 Certificates of Obligation 400,000 298,403 698,403
1980 General Improvement 400,000 529,132 929,132
1981 General Improvement 450,000 786,087 1,236,087
1982 General Improvement 325,000 875,625 1,200,625
1983 General Improvement 375,000 932,359 1,307,359
1984 General Improvement 400,000 1,171,248 1,571,248
1985 General Improvement 180,000 1,285,366 1,465,366
1985 Certificates of Obligation 200,000 93,403 293,403
TOTAL $7,415,000 $8,196,335 $15,611,335
In addition to ad valorem tax support totalling $10,483,738, the
balance of this debt incurred by the City of Corpus Christi shall be funded from
sources other than ad valorem taxes.
SECTION 4. That all taxes for the year 1985 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, 1985, 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 authorized by Section 33.01, Texas Property Tax Code.
All Taxpayers shall be allowed discounts for the payment of taxes due
in accordance with the terms of Article 31.05, Texas Property Tax Code, as
follows:
(a) Three percent if the tax is paid in October or earlier;
b Two percent if the tax is paid in November; and
c One percent if the tax is paid in December.
• •
SECTION 5. 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 a part of a public utility system. Said charge shall be based on the
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 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.
SECTION 6. 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 7. That upon written request of the Mayor or five Council
members, copy attached, to find and declare an emergency due to the need to
prescribe the taxes to be levied, assessed and collected by the City of
Corpus Christi, such finding of an emergency is made and declared requiring
suspension of the Charter rule as to consideration and voting upon ordinances
or resolutions at three regular meetings so that this ordinance is passed and
shall take effect upon first reading as an emergency measure this the 30th day
of July, 1985.
ATTEST:
City Secretary
APPROVED: 5c4 DAY OF JULY, 1985
ss stant ty 't
MAYOR
THE CI OF CORPUS CHRISTI, TEXAS
Corpus Christi, Tas
304 day of
, 198,5
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
For the reasons set forth in the emergency clause of the foregoing ordinance
or resolution, an emergency exists requiring suspension of the Charter rule
as to consideration and voting upon ordinances or resolutions at three
regular meetings; I/we, therefore, request that you suspend said Charter rule
and pass this ordinance or resolution finally on the date it is introduced,
or at the present meeting of the City Council.
Respectfully, Respectfully,
Council Members
The above ordinance
Luther Jones
Dr. Jack Best
David Berlanga, Sr.
Leo Guerrero
Joe McComb
Frank Mendez
Bill Pruet
Mary Pat Slavik
Linda Strong
MAYOR
101f
THE CI OF CORPUS CHRISTI, TEXAS
was passed by the following vote:
1892
PUBLISHER'S AFFIDAVIT
STATE OF TEXAS, 1„
County of Nueces. f "
#17974
CITY OF CC
Before me, the undersigned, a Notary Public, this day personally
MARGARET RAMAGE
who being first duly sworn, according to law, says that he is the .J
COMMUNITY RELATIONS SUPERVISOR 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
NOTICE OF PASSAGE OF ORDINANCE #18952 PRESCIBING
of which the annexed is a true copy, was published in Caller -Times Publishing Co.
1st August 85
on the_ day of 19�. and once each day thereafter for_ one
consecutive day
ONE Times.
4--� 39.10 MARGARET RAMAGE
Subscribed and sworn to before me this_§ th
EDNA KOSTER 11-30-88
L •
Corpus Christi, Texas
NOTICE OF PASSAGE OF
ORDINANCE 018952
PRESCRIBING THE TAXES TO
BE LEVIED, ASSESSED AND
COLLECTED BY THE CITY OF
US CHRISTI, TEXAS,
OR YEAR 1985 AND
FOR EA . SUCCEEDING
YEAR THE FTER- UNTIL
OTHERWISE PR IDED AND
• ORDAINED AND H OTH-
EB YEARS AS TH AME.
MAY 8E APPLICABLE: PRO-
,a1DING FOR EARLY
PAYMENT DISCOUNTS: PRO-
NDDING A SAVINGS CLAUSE:
DECLARING AN EMER- 'I
GENCY.
The ad vigor= tax rate of
8.565 is to defray current
governmental expenses and
outstanding debt service obli-
gations (or the City of Corpus
Christi.
Was passed end approved
by the City Council of the City
o1 Corpus Christi, -Texas on
the 30th day of July, 1985.
The full text of said ordinance
s available to the public in the
Office of the City Secretary.
/s/ Armando Chaps
City Secretary
Corpus Christi, Texas
•
CITY OF COPPUS CHRISTI
NuTICE 01- CALCULATION OF EFFECTIVE TAX RATE, ESTIMATED
UNENCUMBERED FUND BALANCES, AND DEBT SCHEDULE
I. Juan Garza, Tax Assessor/Collector for the City of Corpus Christi in
accordance wit Sec. 26.04, Property Tax Code, have calculated $.56246
per 9100 of v ,.e as the tax rate which may not be exceeded by more
than three par.:ant by the governing body of the City of Corpus Christi
without holding a public heanng as required by the code.
The estimated unencumbered fund balance for Maintenance & Operation
fund: $4,616.008.
The estimated unemcumbered fund balance for Interest & Sinking
$13,239,128.
•
The following schedule Ileta debt obligations that 1985 property taxeswill
pay:
Interest and
Principal Paying Agent Fee
Total ,
1986A General Improvemem 95,000 8,745
1967 General Improvement 146,000 14,852
1988 General Improvemem 110,000 14,980
1989 General Improvement 180.000 37.228
1970 General Improvement 380,000 21,785
1971 General Improvement 145,000 38,731
1872 General Improvement 200,000 82,383
1973 Upper Level College 70,000 9.530
1973 General Improvement 215,000 104.220
1974 General Improvement 180,000 81,807
1975 General Improvement 385.000 207,281
1976 General Improvement 135,000 78,883
1977 General Improvement 85,000 62,070
1977A General Improvement 310,000 186,463
1978 General Improvement 360,000 288,913
1976A General Improvement 90,000 90,007
1978 General Improvement 285.000 276.870
1980 General Improvement 285,000 381,308
1981 General Improvement 305,000 688.478
1982 General Improvement 145,000 389,341
1983 General Improvement 370,000 920,730 1,
1984 General Improvement 306,000 844,870 1
1996 General Improvement 130,000 926,273 1
4.870,000 5,813.738
Juan Garza, Tao Assessor/Collector
. July 26, 1886
Date
101.745
159; 52
124,580
217,228
381;785
1831731
282,383
791630
31220
2411807
69 281
21 883
1 070
4 83
813
1 ,007
6 ,870
8,308
1,478
6 ,341
2 ,730
;14»,870
0699,273
10.489.738
CALCULATIONS USED TO DETERMINE EFFECTIVE TAX RATE
I. DATA
1. 1984 Total tax levy from the 1984 tax roll $34,381' 14
2. 1984 Tax Rate 0.4058 M&0 and 9.1594 I&S) 065
3. 1984 Debt service pas) levy $9,899 94
n 1012.1t3&.,. 0. nom_....:.,. ,010..1 ..
Juan Garza, Tax Assesaor/Collector
July 25. 1986
Data
CALCULATIONS USED TO DETERMINE EFFECTIVE TAX RATE
DATA
1
1. 1984 Total tax levy from the 1984 tax roll $34,381;, 1144
2, 1984 Tex Rate ($.4058 M&O and $.1584 I&S) $8,899 94
3. 1984 Debt service (&S) levy
4. 1984 Maintenance & Operation (M&O) $24,681 20
5. 1984 M&0 taxes on property in territory that has $O
ceased to be part of unit in 1985
6. 1984 M&O taxes an property becoming exempt in
1986
7. 1964 M&0 taxes on taxable value lost because prop-
erty is appraised at less than market value in 1986 $13,451
8. 1885 Total taxable value of all property $6.588,136.279
9. 1985 Taxable value of new improvements added $297 130,824
since Jan. 1, 1984
10. 1985 Taxable value of property annexed since Jan. $21,243,087
1,1984
11. 1985 Tax levy needed to satisf1984 tax due y
ydebt service 556) $10.483,738
12. to d n dollars divided by 1985 taxato ble value)
sal roll er-
rors($D / $8,688,138.279 x 100) $0
13. Rate to regain taxes lost In 1984 due to
appraisal roll errors (lost dollars divided by
1985 taxable values) ($0 / $6,588,136,279
x100)
14. 1964 M&0 Taxes used to regain lost 1983 levy
$7.
$0
$0
H. CALCULATION
MAINTENANCE AND OPERATION (M&0) TAX RATE
1. (A) 1984 Total tax levy (Data 1) $34,381,314
(6) Subtract 1984 Debt service levy (Data 3) $9,699.794
(C) Subtract 1984 Taxes on property no longer in unit $0
(Date 5) $7450
(D) Subtract 1984 Taxes for exemptions (Data 6) ,
(E) Subtract 1984 Taxes for productivity valuation $19,451
(Data 7)
(F) Subtract 1983 Taxes used to regain lost 1983 $0
levy (Date 14) $24,880.810
(0) Adjusted 1984 M&0 levy
2. (A) 1985 Total taxable value of all property (Data 6) $8,588,136,279
(B) Subttact 1985 Value of new improvements (Data 9) $297,130,824
(C) Adjusted ed119 5 Value of
value for xed property
(Data 10) $6,2139,762,368
3. (A) Divide the Adjusted 1984 M&0 levy (1-G above)
by the Adjusted 1986 taxable value for M&0 (2-
D
2- 0.0039333
(B) Multiply by $100 valuation a$8,269.762,388)$100
C) Effective M&0 rate for 1985 0.39333
INTEREST AND SINKING (I&S) TAX RATE
4. (A) 1985 I&S levy needed to satisfy debt (Date 11) $10,483,738
(B) 1985 Total taxable value of aH property (Data 8) 56,588.136,279
(C) Divide the 1985 I&S levy (4-A above) by the 1985
Total taxable value 14-6 above) 0.001591300
($10,483,,738 / 58,588,136,279)
�) Effective)&S ra00 valuation te for 1985 0.15913
APPRAISAL R011 ERROR RATE
6. (A) Rate to raise 1984 levy due to appraisal roll er-
rors (Data 12)
(B) Add rate to regain taxes lost due to errors (Data
1 50
(C) Total rate to adjust for appraisal roll errors $0
TOTAL EFFECTIVE TAX RATE FOR 1985
8. (A) Effective M&0 rate (3-C above)
(B) Add Effective l&S rate (4-E above)
(C) Add Rate to adjust for appraisal roll errors (5-C
above)
(D) 1985 Effective Tax Rate
0.39333
0.15913
0.55246