HomeMy WebLinkAbout021729 ORD - 08/17/1993AN ORDINANCE
PRESCRIBING THE TAXES TO BE LEVIED, ASSESSED
AND COLLECTED BY THE CITY OF CORPUS CHRISTI,
TEXAS, FOR THE YEAR 1993 AND FOR EACH
SUCCEEDING YEAR THEREAFTER UNTIL OTHERWISE
PROVIDED AND ORDAINED AND SUCH OTHER YEARS AS
THE SAME MAY BE APPLICABLE; 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 1993 as follows:
$0.445064 for purpose of maintenance and operation
$0.172894 for payment of principal and interest on debt
$0.617958 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
1993 and for each succeeding year thereafter, until otherwise
provided and ordained, an annual ad valorem tax of $0.445064 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 State of
America, for the use of the City of Corpus Christi, Texas, for the
year 1993 and for each succeeding year thereafter, until otherwise
provided and ordained, an annual direct ad valorem tax of $0.172894
on each One Hundred Dollars 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:
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021729
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GENERAL OBLIGATION BONDS AND INTEREST
MATURING AUGUST 1, 1993 - JULY 31, 1994
Interest
Principal & Fees Total
1985A General Obligation $ 6,710,000 $ 1,795,170 $ 8,505,170
1986 General Obligation 225,000 225,000
1987 General Obligation 350,000 997,996 1,347,996
1989 Certificates of Obligation 50,000 38,488 88,488
1990 General Obligation 41,663 41,663
1990A General Obligation 375,000 808,688 1,183,688
1990A Certificates of Obligation 100,000 244,219 344,219
1992 General Obligation 1,571,750 1,571,750
1992A Certificates of Obligation 15,000 34,540 49,540
1992 Certificates of Obligation 75,000 190,038 265,038
1993 General Obligation 10,000 1,024,636 1,034,636
$ 7,685,000 $ 6 972,188 $14,657,188
In addition to the ad valorem tax levy totaling $37,245,587,
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 1993 hereby
levied shall be due on receipt of the tax bill and shall be
delinquent if not paid before February 1, 1994, except as otherwise
provided in the Texas Property Tax Code; and penalty and interest
shall be due on any delinquent taxes as provided by Chapter 33 of
said Property Tax Code. No discount shall be allowed for early
payment of taxes. The Texas Constitution, Property Tax Code, and
other applicable laws shall govern all matters related to the taxes
levied herein, and City shall have all authority thereunder.
SECTION 5. 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.
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SECTION 6. That upon written request of the Mayor
or five Council members, copy attached, to find and declare an
emergency due to the need for immediate action necessary for the
efficient and effective administration of City affairs, such
finding of an emergency is made and declared requiring suspension
of the Charter rule as to consideration and voting upon ordinances
at two regular meetings so that this ordinance is passed and shall
take effect upon first re ding as an/,gmergency measure this the
11 day of (lh✓ , 19 IJ
ATT ,ST:
Armando Chapa, City Se etary
APPROVED: S DAY OF A v' wt 9'"'
JAMES R. BRAY JR., CITY ATTORNEY
By: 4g7"Ci Attorney
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THE CITY OF CORPUS CHRISTI
, 19 93 .
Corpus Christi, Texas
j 1 day of
tw , .t
, 19 q3
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
For the reasons set forth in the emergency clause of the foregoing
ordinance an emergency exists requiring suspension of the Charter
rule as to consideration and voting upon ordinances at two regular
meetings: I/we, therefore, request that you suspend said Charter
rule and pass this ordinance finally on the date it is introduced,
or at the present meeting of the City Council.
Respectfully, Respectfully,
Council Members
The above ordinance was
Mary Rhodes
Dr. Jack Best
Melody Cooper
Cezar Galindo
Betty Jean Longoria
Edward A. Martin
Dr. David McNichols
David Noyola
Clif Moss
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MAYOR
THE CITY OF C
passed by the following vote:
US CHRISTI
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021729
Nueces County Courthouse
901 Leopard, Suite 301
Corpus Christi, Texas 784 01-3 684
fkgmiro 'Ronnie' Canales
Assessor and Collector
of Taxes
CERTIFICATION OF TAX LEVY
CITY OF CORPUS CHRISTI FOR THE TAX YEAR 1993
Total appraised value :g 100°/0 of market value
Less: Partial exemptions
Ag -Use account value loss and abatements
Total net appraised value
Assessment ratio
Total net assessed value
Total Taxable Value
1993 Adopted Tax Rate
1993 Ad Valorem Tax Levy
$7,161269,412
1 134 065 824
$6,027,203.588
X 1000/0
$6 027 203 588
$6,027,203,588
$0.617958/$100 Valuation
$ 37,245,587
voice: (512) 888-0307
fax: (512) 888-0218
Submission of the Tax Levy for 1993 for approved by the City of Corpus Christi City Council in accordance
with Section 26.09 (e) of the Texas Property Tax Code.
Ramiro It Canales
Nueces County
Tax Assessor -Collector
SWORN AND SUBSCRIBED TO before me at Corpus Christi, Texas, this 17TH day of
AUGUST ,1993.
Notary Public, State of Texas
THE STATE OF TEXAS
COUNT/ OF NUECES
The tax Levy is ereby approved by the City Council of the City of Corpus Christi, on the /2day of
A.D.. 1993.
ATFEST-
Armando Chapa, City Secretary