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Home My WebLink About19406 ORD - 07/29/1986TEXAS: AN ORDINANCE PRESCRIBING THE TAXES TO BE LEVIED, ASSESSED AND COLLECTED BY THE CITY OF CORPUS CHRISTI, TEXAS, FOR THE YEAR 1986 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, Shereby levyEorlON 1. adopt the,tax he rate onCouncil City of Corpus $1OOvaluation forthisci Christi for tax yearr 1986 as follows: $ .40482 for the purpose of maintenance and operation .16018 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 1986, and for each succeeding year thereafter, until otherwise provided and ordained, an annual ad valorem tax of $.40482 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 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. t is in current money of the aUnited eStates rof America, folevied, to r the e suse eofda the Citytof Corpus Christi, Texas, for the year 1986, and for each succeeding year thereafter, until otherwise provided and ordained, an .annual direct ad valorem tax of $.16018 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: O8P.O13.O1 19406 MICROFILMED • CITY OF CORPUS CHRISTI, TEXAS GENERAL OBLIGATION BONDS AND INTEREST MATURING AUGUST 1, 1986 - JULY 31, 1987 Principal Interest and Paying Agent Fees Total 1985 Refunding - General Improvement $3,355,000 $ 11,628,415 $14,983,415 1986 General Improvement 0 1,000,000 1,000,000 Total $3,355,000 $12,628,415 $15,983,415 In the balance ofthis ddebt incurred by the City ofsCorpus Ch istii suort hall ObeB be from sources other than ad valorem taxes. SECTION 4. That all taxes for the year 1986 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, 1986, 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. SElevied a tax CinOThat etn the nature street rental addition to afee, asrp provided by Article 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 08P.013.01 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 written request members, copyy a tached, to fund anddeclaran declare emergency due to the need or or five Council 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 29th day of July, 1986. ATTEST: City61^>• Secretary tory MAYO APPROVED DAY OF JULY, 1986 y orney 08P.013.01 THE C17Y OF CORPUS CHRISTI, TEXAS Corpus Christi, Texas , 1984 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 CIT OF CORPUS CHRISTI, TEXAS The above ordinance was passed by the following vote: Luther Jones Dr. Jack Best. David Berlanga, Sr. Leo Guerrero Joe McComb Frank Mendez Bill Pruet Mary Pat Slavik Linda Strong 19406 • 01 o CO 320=85'1S3tln NOTICE OF PASSAGE F ORDINANCE NO. 19400 ESCRIBING THE TAXES TO • LEVIED, ASSESSED AND LLEGTED 8Y THE CITY OF ORPUS CHRISTI, TEXAS, �OR THE YEAR 1988 AND OR EACH SUCCEEDING EAR THEREAFTER UNTIL THER*ISE PROVIDED AND ORDAINED AND SUCH OTH- R YEARS AS THE SAME lb AY BE APPLICABLE: PRO- VIDING FOR EARLY DISCOUNT PAYMENTS; PRO- VIDING A SAVINGS CLAUSE; AND DECLARING AN EMER-i GENCY. Was passed and approved' by the City Council of the City of Corpus Christi, Texas on .the 29th day of July. 1988. The full text of said ordinance is available to the public in the Office of the City Secretary. /s/ Armando Chapa City Secretary City of Corpus Christi PUBLISHER'S AFFIDAVIT STATE OF TEXAS, }ss. County 42846 County of Nueces. CITY OF C.C./ CITY SECRETARY Before me, the undersigned, a Notary Public, this day personally came MURIEL LA RUE SENIOR ACCOUNTING CLERK 7z7q, who being first duly sworn, according to law, says of the Corpus Christi Caller and The Corpus Daily Newspapers published at Corpus Christi, Texas, in said County and State, and that the NOTICE OF PASSAGE OF ORDINANCE NO. 19406 PRESCRIBING THE TAXES of which the annexed is a true copy, was published in that he is the Christi Times, publication of TO BE LEVIED CALLER -TIMES PUBLISHING CO. on the. 4tb1 day of AUGU.S.T 19_$6., and once each day thereafter for one u: consecutive .d.ay one Times. 32.20 Subscribed and sworn to before me this 5th da x of AUGUST 86 19 EUGENIIA` CORTEZ 6 30 8