HomeMy WebLinkAboutOrdinance - 10008-1997 - Levying A Tax Upon All Property Subject To Taxation. - 08/14/1997First Reading
Item #54
August 14, 1997
Second Reading
Item #18
August 28, 1997
ORDINANCE NO. 10008
AN ORDINANCE SETTING THE TAX RATE AND LEVYING A TAX UPON
ALL PROPERTY SUBJECT TO TAXATION WITIIlN THE CITY OF LUBBOCK,
TEXAS, FOR THE YEAR 1997, APPORTIONING SAID LEVY AMONG THE
VARIOUS FUNDS AND ITEMS FOR WHICH REVENUE MUST BE RAISED; FIXING
THE TIMES IN WHICH SAID TAXES BE PAID AND ASSESSING PENALTY AND
INTEREST FOR NONPAYMENT OF SUCH TAXES WITIIlN THE TIME PROVIDED.
WHEREAS, the City Council after all notices have been given and hearings held as
provided by law, has determined the tax rate necessary to produce the revenue necessary to
operate the affairs of the City ofLubbock for the next fiscal year; NOW THEREFORE:
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT there shall be levied and assessed upon all property subject to
taxation within the City of Lubbock, Texas, for the year of 1997, the sum of$.58 per One
Hundred and No/100 Dollars ($100.00) valuation thereof and the same shall be applied to the
various funds in the following manner:
$.15311
$.39689
$.03000
per $100 valuation to the Interest and Sinking Funds, allocated
among the existing Interest and Sinking Funds as shown on the
attached schedule;
per $100 valuation to the General Fund; and
per $100 valuation to the Economic Development Fund.
SECTION 2. THAT all valorem taxes shall be paid before the first day of February,
1998, and taxes not paid by that time shall be increased by such penalty and interest as
provided by Chapter 26 of the Code of Ordinances of the City ofLubbock.
AND Ii IS SO ORDERED.
Passed by the City Council on first reading this 14th day of August, 1997.
Passed by the City Council on second reading this 28th day of August, 1997.
ATTEST:
APPROVED AS TO CONTENT:
DGV:gs\ccdoos\tax,97.ord
July 30, 1997
THE STATE OF TEXAS
COUNTY OF LUBB
Before m.e------.~~-t---1-1~ ......... ,.,_..~.---fl
personally appeareu.....:=""""...P..::.'--..S:C,.."-"'-'"--+-__._.L..L~......,_..___.,,,.::;.;..u...,.___,'-1:.L,jt...i...---·
sworn did depose and say that
or to the first insertion of this ..L!~~-_....~-l-1...l>,~-::-r-,--------------------
ed copy of th,.._=---.:..~Y----------,;,---.--~
A lanche-Journal on the following dates:___."'!-+~=""-'-''--'"::--:-f='.!::--'.-"7".::::-r-~~-+--=----------
,
, .. &1trk/t!~
, · : · NOTARYP1.M..1c in and for the State of Texas
,.,.; .. . MyCommissioh'Expires .................. __ _
Morris Communication Corporation
Subscribed and sworn to before me thi .... s ____ 1.-".S"--'day of. So(Ulmlru
FOR!\158-10 e CJNDYMcBAHA
~Nll,.81111oflalll IIJQll1lllillkr.&pfrw 11.-.m,