HomeMy WebLinkAbout023756 ORD - 08/31/1999AN ORDINANCE
PRESCRIBING THE TAXES TO BE LEVIED, ASSESSED AND
COLLECTED BY THE CITY OF CORPUS CHRISTI, TEXAS, FOR TAX
YEAR 1999 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 and adopt the
tax rate on $100 valuation for this city for tax year 1999 as follows:
$.468133 for purpose of maintenance and operation
$.155593 for payment of principal and interest on debt
$.623726 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 1999, and
for each succeeding year thereafter, until otherwise provided and ordained, an annual ad valorem tax
of $.468133 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
for 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 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 1999 and
for each succeeding year thereafter, until otherwise provided and ordained, an annual ad valorem tax
of $.155593 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 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:
0237'56
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GENERAL OBLIGATION BONDS AND INTEREST
MATURING AUGUST 1, 1999 - JULY 31, 2000
In addition to the ad valorem tax levy totaling $46,546,084, the balance of this debt, if any,
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 1999 hereby levied shall be due on receipt
of the tax bill and shall be delinquent if not paid before February 1, 2000, 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
govem all matters related to the taxes levied herein, and the City shall have all authority thereunder.
SECTION 5. If for any reason any section, paragraph, subdivision, clause, phrase,
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Principal
Interest & Fees
Total
1985A General Obligation & Refunding
$1,647,834
$4,177,166
$5,825,000
1987 General Obligation & Refunding
3,360,000
127,680
3,487,680
1989 Certificates of Obligation
75,000
10,850
85,850
1990 General Obligation
375,000
41,663
416,663
1990A General Obligation
500,000
86,625
586,625
1990A Certificates of Obligation
150,000
22,275
172,275
1992 General Obligation
0
657,738
657,738
1992 Certificates of Obligation
125,000
104,440
229,440
1992A Certificates of Obligation
20,000
4,035
24,035
1993 General Obligation
1,235,000
877,347
2,112,347
1993 Certificates of Obligation
80,000
46,750
126,750
1994A Certificates of Obligation
100,000
169,200
269,200
19948 Certificates of Obligation
150,000
96,200
246,200
1995 General Obligation
305,000
1,584,145
1,889,145
1995 Certificates of Obligation
450,000
533,375
983,375
1995A General Obligation
10,000
45,210
55,210
1995B General Obligation
350,000
459,557
809,557
1996 Certificates of Obligation
150,000
206,562
356,562
1998 Certificates of Obligation
400,000
470,900
870,900
$9 482.834
$9 721 718
$19 204 552
In addition to the ad valorem tax levy totaling $46,546,084, the balance of this debt, if any,
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 1999 hereby levied shall be due on receipt
of the tax bill and shall be delinquent if not paid before February 1, 2000, 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
govem all matters related to the taxes levied herein, and the City shall have all authority thereunder.
SECTION 5. If for any reason any section, paragraph, subdivision, clause, phrase,
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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 6. That upon written request of the Mayor or five Council members, copy
attached, do 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 shall take effect upon first reading as an
emergency measure this the 34 44 -clay of X349.
ATTEST:
THE CITY OF CORPUS CHRISTI
ArmandLo Chapa, Cit ecretary ariuelL. al Jr., M 6r
LEGAL FORM APPROVED R5 .Mi , 1999, JAMES R. BRAY, JR., CITY ATTORNEY
Sy:t,t zv a,g_i
Alison Gallaway,
Assistant City Attorney
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Corpus Christi, Texas
34 day
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
, 1999.
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,
Council Members
Respectfully,
Samuel L. Neal, r., Mayor
THE CITY OF CORPUS C
The above ordinance was passed by the following vote:
Samuel L. Neal, Jr.
Javier D. Colmenero
Melody Cooper
Henry Garrett
Dr. Arnold Gonzales
Rex A. Kinnison
Betty Jean Longoria
John Longoria
Mark Scott
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