HomeMy WebLinkAboutOrdinance - 8653-1984 - Ord. Setting Tax Rate And Levying A Tax Upon All Property Subject To Taxation - 08/09/1984DGV:rm
August 9, 1984 August 23, 1984
Agenda Item #19 Agenda Item #15
ORDINANCE NO. 8653 -------
AN ORDINANCE SETTING THE TAX RATE ANO LEVYING A TAX UPON ALL PROPERTY
SUBJECT TO TAXATION WITHIN THE CITY OF LUBBOCK, TEXAS, FOR THE YEAR 1984
APPORTIONING SAID LEVY AMONG THE VARIOUS FUIIOS AND ITEMS FOR WHICH REVENUE
MUST BE RAISED: FIXING THE TIME IN WHICH SAID TAXES BE PAID AND ASSESSING
PENALTY AND INTEREST FOR NON-PAYMENT OF SUCH TAXES WITHIN THE TIME PRO-
VIDED.
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 of Lubbock
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 1984, the sum of $.61 per One Hundred Dollars {$100.00) valuation
thereof, and the same shall be applied to the various funds in the follow-
ing manner:
$.)'.49.S per $100 valuation to the Interest and Sinking Fund,
allocated among the existing Interest and Sinking Funds as shown
on the attached schedule;
$.2'.105 per $100 valuation to the General Fund;
$.0500 per $100 valuation to the Board of City Development
fund.
SECTION 2. THAT all ad valorem taxes shall be paid before the
first day of February, 1984, and taxes not paid by that time shall be
increased by such penalty and interest as provided by Chapter 30 of the
Code of Ordinances of the City of Lubbock.
AND IT IS SO ORDERED.
Passed by the City Council on first reading this 9th day of August, 1984.
Passed by the City Council on second reading this 23rd day o August ,
1984.
ATTEST:
APPROVED AS TO CONTENT:
-2-
Series
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1965
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1978
1979
1980
1981
1982
1983
1984
GENERAL OBLIGATION BONDS
DEBT SERVICE FOR WHICH TAX IS LEVIED
FISCAL YEAR 1984-85
1984-85
Debt
Purpose of Issue Service
--------------------------
Parks 10,160
General Ob 1 i9ation 76,200
General Obli9ation 158,775
General Ob 1 i 9ati on 136,406
General Obli9ation 222,490
General Ob 1 i9ation 190,880
General Ob 1 igation 195,825
General Ob 1 i 9at i on 442,750
General Ob 1 i9at ion 787,200
General Obli9ation 447,064
General Ob 1 igation 729,375
General Ob 1 igation 109,875
General Ob 1 igation 127,920
General Obligation 202,225
General Ob 1 igation 8061850
General Obligation 657,400
General Ob 1 i 9ation 2,164,830
General Ob 1 igation 1,598,300
General Ob 1 igation 2,383,300
General Ob 1 igation 2,415,463
------------13,863,288
Ordinance 8653
Prorated in
cent of .3495
--------------
0.000256
0.001921
0.004003
0.003439
0.005609
0.004812
0.004937
0.011162
0.019846
0.011271
0.018388
0.002770
0.003225
0.005098
0.020341
0.016573
0.054576
0.040294
0.060084
0.060895
------------0.349500