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Home My WebLink About020413 ORD - 07/26/1988AN ORDINANCE PRESCRIBING THE TAXES TO BE LEVIED, ASSESSED AND COLLECTED BY THE CITY OF CORPUS CHRISTI, TEXAS, FOR THE YEAR 1988 AND FOR EACH SUCCEEDING YEAR THEREAFTER UNTIL OTHERWISE PROVIDED AND ORDAINED AND SUCH OTHER YEARS AS THE SAME MAY BE APPLI- CABLE; 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 1988 as follows: $.45956 for the purpose of maintenance and operation .12044 for the payment of principal and interest on debt of this City $.58000 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 1988, and for each succeeding year thereafter, until otherwise provided and ordained, an annual ad valorem tax of $.45956 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. 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 1988 and for each succeeding year thereafter, until otherwise provided and ordained, an annual direct ad valorem tax of $.12044 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: 20413 MICROFILMED CITY OF CORPUS CHRISTI, TEXAS GENERAL OBLIGATION BONDS AND INTEREST MATURING AUGUST 1, 1988 - JULY,31, 1989 1985 Refunding - General Improvement 1986 General Improvement 1987 General Improvement & Refunding 1988 General Improvement - Proposed Total Principal $6,625,000 600,000 560,000 $7,785,000 Interest and Paying Agent Fees $4,846,420 1,661,875 1,626,038 670,000 $8,804,333 Total $11,471,420 2,261,875 2,186,038 670,000 $16,589,333 In addition to ad valorem tax support totaling $7,450,000, 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 1988 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, 1988, 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 alloweddiscounts 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 taxes and other charges, there is hereby levied a rental fee for the use of streets, alleys, highways, easements and all other grounds of the City, as provided by Article 1175, Sec. 2, 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 other grounds, 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 all revenues from telecommunications, communications services, electricity, water, gas, cable television, or other utility service and all other services related thereto including directory advertising within the city limits. Said fee 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 the rental fee aforesaid is hereby determined to be four (4) percent of the gross receipts from the above described services of such utility within the City of Corpus Christi, and is hereby levied in that amount. In the event this rental fee 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 such public utility 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 26th day of July 1988. ATTEST: City Secretary APPROVED: a,1 DAY OF JULY, 1988 AYOR THE CITY OF CORPUS CHRISTI The above resolution Betty N. Turner David Berlanga, Sr. Leo Guerrero Clif Moss Bill Pruet Mary Rhodes Frank Schwing, Jr. Mary Pat Sl avi k Linda Strong 99.066.01 Corpus Christi, Texas Nigr day of was passed by the following vote: 20413 198F - PUBLISHER'S AFFIDAVIT State of Texas, 3 CITY OF C C County of Nueces ] ss: Ad # 12761 Before me the undersigned, a Notary Public, this day personally came Iris Yap, who being first duly sworn, according to law, says that she is a Senior Accounting Clerk of the Corpus Christi Caller - Times, a dailynewspaper published at Corpus Christi in said County and State,generally circulated in Aransas, Bee, Brooks, Cameron, Duval, Hidalgo, Jim Hogg, Jim Wells, Karnes, Kenedy, Kleberg, Live Oak,Refugio, San Patricio, and Victoria Counties, and that the publication of"NOTICE OF PASSAGE OF ORDINANCE g E #0413 "of which the annexed is a true copy, was published in the Corpus Christi Caller -Times on the lst day of August 1988 and each day there- after for consecutive day(s) One Times $39.20 S ibed ai= ,o to before me this _8th day of August 1988 Senior Accounting Clerk EDNA KOSTER Notary Public, Nu- -s County, Texas My commission expires on 11.30.1988