HomeMy WebLinkAbout020742 ORD - 08/08/1989AN ORDINANCE
PRESCRIBING THE TAXES TO BE LEVIED, ASSESSED AND
COLLECTED BY THE CITY OF CORPUS CHRISTI, TEXAS,
FOR THE YEAR 1989 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: The City Council of the City of Corpus Christi does
hereby levy or adopt the tax rate on $100 valuation for this city for tax
year 1989 as follows:
$.46750 for the purpose of maintenance and operation
.12250 for the payment of principal and interest on debt of this City
$.59000 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 1989, and for each
succeeding year thereafter, until otherwise provided and ordained, an
annual ad valorem tax of $.46750 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 1989 and for each
succeeding year thereafter, until otherwise provided and ordained, an
annual direct ad valorem tax of $.12250 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:
2072 MICROFILMED
CITY OF CORPUS CHRISTI, TEXAS
GENERAL OBLIGATION BONDS AND INTEREST
MATURING AUGUST 1, 1989 - JULY 31, 1990
1985 Refunding - General Improvement
1986 General Improvement
1987 General Improvement & Refunding
1989 General Improvement
Total
Principal
$6,750,000
625,000
430,000
400,000
$8,205,000
Interest and
Paying Agent
Fees
$4,413,070
1,615,086
1,599,048
1,373,132
$9,000,336
Total
$11,163,070
2,240,086
2,029,048
1,773,132
$17,205,336
In addition to the ad valorem tax levy totaling $7,592,347, 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 1989 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, 1989,
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 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 State Law and
Article X, Section 1, of the City Charter, 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, paragrapn,
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 the 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 1st day of August 1989.
ATTEST:
City Secretary
APPROVED: Z /V "1 DAY OF JULY, 1989
City Attorney
7
M1OR
-tylZyLA-ote,t
THE CITY OF CORPUS CHRISTI
Corpus Christi, Texas
day of r ,
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
, 198
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 auo 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,
99.045.01
Council Members
MAYOR
THE CITY OF CORPUS CHRISTI, TEXAS
The above ordinance ',:as passed by the following vote:
Betty N. Turner
David Berlanga, Sr.
Leo Guerrero
Tom Hunt
Ldwara A. Martin
Joe ticComb
Clif Mass
Mary Rhodes
Frank Schwing, Jr.
20742