HomeMy WebLinkAbout18978 ORD - 08/13/1985• •
AN ORDINANCE
AMENDING SECTION 49-21 SO AS TO PROVIDE FOR INTEREST ON
OUTSTANDING ASSESSMENTS TO BE COLLECTED, WHICH RATE IS THE
GREATER OF (a) EIGHT PERCENT (8%) PER ANNUM OR (b) THE
INTEREST RATE PAID BY THE CITY ON ITS MOST RECENTLY ISSUED
GENERAL OBLIGATION BONDS; AND DECLARING AN EMERGENCY.
WHEREAS, the Texas Legislature amended Article 1105(b) of the Revised
Civil Statutes of Texas to authorize cities to charge on outstanding paving
assessments an interest rate which is the greater of eight percent per year or
the rate payable by the city on its most recently issued general obligation
bonds;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. That Section 49-21, Required improvements; policy on
assessments, of Article II, Street, Sidewalk, Curb and Gutter and Driveway
Construction, of the City Code of Ordinances is hereby amended to hereafter read
as follows:
04P.016.01
"D. Payment of Assessment - The cost assessed against
abutting property shall be payable in monthly installments
not to exceed one hundred twenty (120) in number, the first
of which shall be payable within thirty (30) days from the
date of completion of said improvements and their acceptance
by the City of Corpus Christi, and one installment each
month thereafter until paid, together with interest thereon,
which rate shall be the greater of (a) eight percent (8%)
per annum or (b) the interest rate paid by the City on its
most recently issued general obligation bonds, with the
provision that any of said installments may be paid at any
time before maturity by the payment of the principal and
accrued interest thereon. Any property owner against whom
and against whose property an assessment has been levied may
pay the whole assessment chargeable to him without interest
within thirty (30) days after the acceptance and completion
of said improvements.
For assessment payment and interest information on
qualifying low income residentially used properties in
community development block grant projects, refer to
subsection (C.II) herein."
18978 MICROFILMED
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SECTION 2. That upon written request of the Mayor or five Council
members, copy attached, to find and declare an emergency due to the need to
adopt the aforementioned interest rate policy on paving assessments at the
earliest practicable date, 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
13th day of August, 1985.
ATTEST:
City Secretary
APPROVED:[
6Q,r
DAY OF AUGUST, 1985
Jay Doegeytant y / ttorney
04P.016.01
MAYOR
THE CITY iF CORPUS CHRISTI, TEXAS
Corpus Christi, Texas
/ day of
, 198 i
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
MAYO'
THE CI/OF CORPUS CHRISTI, TEXAS
The above ordinance was passed by the following vote:
Luther Jones (42144E./
Dr. Jack Best �"
C[iLl�
David Berlanga, Sr. Qaft/
Leo Guerrero
Joe McComb
Frank Mendez
Bill Pruet `L
Mary Pat Slavik Q
Linda Strong
189'78
41, •
STATE OF TEXAS, L.
County of Nneces. f"
PUBLISHER'S AFFIDAVIT
AD #56872
CITY OF C.C.
CITY SECRETARY
Before me, the undersigned, a Notary Public, this day personally came
MARGARET RAMAGE
who being first duly sworn. according to law. says that he is the
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 NO. 18978 AMENDING
of which the annexed is a true copy, was published in
on the_____19th day of August 19 BS., and once rwrh day thereafter for.. --one
consecutive day
Caller -Times Publishing Co.
ONE APB.
35.65 MARGARET RAMAGE
Subscribed and sworn to before me this..._ 21st
EDNA ROSTER 11-30-88
L 19 85
tary Public, u = ty, Texas
•
IdNOTICE (• PASSAGE OF
ORDIM .CE NO. 18978
AMEND.__ CHAPTER 57,
VEHICLES FOR. HIRE, OF THE
CITY CODE OF ORDINANCES,
BY REPEALING SECTION 57-
135, FARES --AMOUNTS,
AND IN LIEU THEREOF,
ADOPTING NEW -PROVI-
o SIGNS FOR SAID SECTION
0 57-135, BY ESTABUSHING
THE TAXICAB RATES AS
_ FOLLOWS:
t First 1/5 mile $1.25'
Each succeeding 1/5 mile .20
Maximum fare fast mile 2.05
Waiting time .20/minute
PROVIDING FOR SEVER-
ANCE; AND PROVIDING FOR
PUBUCATION.
Was passed and approved
by the City Council of the City
of Corpus Christi, Texas on
the 13th day of August,
1985. The full text of said
ordinance is available to the
i public In the Office of the City
Secretary.
-s. Armando Chapa
City Secretary !
Corpus Christi, Texas i