HomeMy WebLinkAboutOrdinance - 9838-1995 - Levying Tax Upon All Property For Taxation In 1995 - 09/14/1995First eading
Septem er 14, 1995
Item II 9
Second Reading
September 28, 1995
Item 1/24
ORDINANCE NO. 9838 _ ___;_ __ _
AN ORDINANCE SETIING THE TAX RATE AND LEVYING A TAX UPON ALL
PROPERTY! SUBJECT TO TAXATION WITHIN THE CITY OF LUBBOC~ TEXAS, FOR
THE YEAR~ 995, APPORTIONING SAID LEVY AMONG THE V ARlO US FUNDS AND
ITEMS FOR: WlllCH REVENUE MUST BE RAISED; FIXING THE TIME IN WlllCH SAID
TAXES BE PAID AND ASSESSING PENALTY AND INTEREST FOR NONPAYMENT OF
SUCH TAXES WITHIN THE TIME PROVIDED.
I ~REAS, the City Council after all notices have been given and hearings held as
provided by taw, has determined the tax rate necessary to produce the revenue necessary to
operate the affairs of the City of Lubbock for the next fiscal year; NOW THEREFORE:
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BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: i
SEC1:10N 1: THAT there shall be levied and assessed upon all property subject to
taxation within the City of Lubbock, Texas, for the year of 1995, the sum of$.5859 per One
Hundred and1No/100 Dollars ($100.00) valuation thereof and the same shall be applied to the
various fund~ in the following manner:
I $.15~
$.39~5
$.03~
'
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;
per $100 valuation to the Economic Development Fund.
SECTION 2. THAT all ad valorem taxes shall be paid before the first day of February,
I 1996, 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 of Lubbock.
AND IT IS SO ORDERED.
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Passed by City Council on first reading thi ...:...:..=.::::....
Passed by Ci~ Council on second reading
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I I ATIFS~ k ; ~
Betty MJ"C;Olt: City Secretary I
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APPROVEd AS TO CONTENT:
tfuJtlL~
Mark Hindman, Director of Support
Services/Firulnce
APPROVEd AS TO FORM: I
d G. V~diver, First Assistant
City Attorney
dp:ccdoes\9Staxrtc;ord
September 6, 1995.
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