The URL can be used to link to this page

Home My WebLink About022016 ORD - 08/16/1994AN ORDINANCE PRESCRIBING THE TAXES TO BE LEVIED, ASSESSED AND COLLECTED BY THE CITY OF CORPUS CHRISTI, TEXAS, FOR THE YEAR 1994 AND FOR EACH SUCCEEDING YEAR THEREAFTER UNTIL OTHERWISE PROVIDED AND ORDAINED AND SUCH OTHER YEARS AS THE SAME MAY BE APPLICABLE. 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 1994 as follows: 0.441296 for purpose of maintenance and operation 0.171430 for payment of principal and interest on debt 0.612726 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 1994 and for each succeeding year thereafter, until otherwise provided and ordained, an annual ad valorem tax of $0.441296 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 1994 and for each succeeding year thereafter, until otherwise provided and ordained, an annual direct ad valorem tax of $0.171430 on each One Hundred Dollars value on all property, real, personal and mixed, and franchises described in Section 2 of this ordinance and assessed upon 100 percent of the cash market value of property subject thereto, said taxes to be appropriated for the purpose of creating a sinking fund to pay the interest and principal maturities on all outstanding City of Corpus Christi bonds not otherwise provided for, and including the interest, agent fees, and maturities of the following City of Corpus Christi bonds: \ord\94059 1)22016 1� GENERAL OBLIGATION BONDS AND INTEREST MATURING AUGUST 1, 1994 - JULY 31, 1995 Principal 1985A General Obligation$ 8,055,000 1986 General Obligation 1987 General Obligation 545,000 1989 Certificates of Obligation 50,000 1990 General Obligation -- 1990A General Obligation 400,000 1990A Certificates of Obligation 100,000 1992 General Obligation 1992A Certificates of 15,000 Obligation 1992 Certificates of Obligation 100,000 1993 General Obligation 30,000 1993 Certificates of Obligation 60,000 $ 9,355,000 Interest & Fees $ 1,196,015 225,000 967,470 34,113 41,663 777,550 235,619 1,571,750 33,265 186,762 908,275 Total $ 9,251,015 225,000 1,512,470 84,113 41,663 1,177,550 335,619 1,571,750 48,265 286,762 938,275 63,725 123,725 $ 6,241,207 $15,596,207 In addition to the ad valorem tax levy totaling $38,176,740, 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 1994 hereby levied shall be due on receipt of the tax bill and shall be delinquent if not paid before February 1, 1995, except as otherwise provided in the Texas Property 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 \ord\94059 r 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. \ord\94059 That the foregoing ordinance was read for the fist time and passed to its second reading on this the qday of G�,-51,,,.Y- , 19 rt' -f , by the following vote: Mary Rhodes el.y Edward A. Martin a.- ; Dr.Jack Best Cc.d Dr. David McNichols Cum k Melody Cooper CC, yJ David Noyola (t-v,Cezar Galindo 04,y._ 1 Clif Moss i2 Betty Jean Longoria (61A- That am. That the foregoing ordinance was read for the second time and pass finally on this the j( day of 11C; cit , 19 ttLf , by the following vote: 0 Mary Rhodes d('.., Edward A. Martin Dr. Jack Best (Alp Dr. David McNichols at... Melody Cooper (U)aa LCt David Noyola /_�Y Cezar Galindo (/� y, Clif Moss OA*, Betty Jean Longoria Q,1,1:L P9 S o AND APPROVED, this the Ro day of llxv� APPROVED: 36 DAY OF JAMES R.BRAY, JR., CITY ATTORNEY By g• City ttorney \forms\046 MAYOR THE CIT CORPUS CHRISTI , 19 91 . ')22016 Nueces County Courthouse 901 Leonard Suite 301 Corpus Christ:, Texas 78401-3684 Rp.miro Qpnnie" Cana%s Assessor and Collector of Tates CERTIFICATE OF TAX LEVY CITY OF CORPUS CHRISTI FOR THE TAX YEAR 1994 Total appraised value @ 100% 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 1994 Adopted Tax Rate 1994 Ad Valorem Tax Levy voice: (512) 888-0307 fat: (512) 888-0218 $7,321,827,405 1,091,189,160 6, 230, 638, 245 X 100% 6.230,638.245 6, 230, 638, 245 $0.612726/$100 Valuation $ 38.176,740 Submission of the Tax Levy for 1994 for approval by the City of Corpus Christi City Council in accordance with Section 26.09(e) of the Texas Property Tax Code. LE-T,C- t0 L*1 a O/1-17 Ramiro R. Canales Nueces County Tax Assessor -Collector StyORti'. AND SUBSCRIBED TO before me at Corpus Christi, Texas, this / Y'� day of rWilyyiC/1, 1994. Notary Public, State of Texas THE STATE OF TEXAS § COUNTY OF NUECES § The Tax Levy is hereby approved by the City Council of the City of Corpus Christi, /( Texas, on the , day of arid", 1994. ATT T: �: (1/01.&_. 1144_ Zai.... MiTHORIZEC Armando Chapa, City Secretary p ,;L �%1.(�%f9 S C,WCT : Mayor,of Corpus Christi