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HomeMy WebLinkAboutOrdinance - 2009-O0074 - Ordinance Setting Tax Rate And Levying Tax On All Property In Lubbock 2009. - 08/13/2009First Reading August 13, 2009 Item No. 6.3 ORDINANCE NO. 2009-00074 Second Reading August 27, 2009 Item No. 6.6 AN ORDINANCE SETTING THE TAX RATE AND LEVYING A TAX UPON ALL PROPERTY SUBJECT TO TAXATION WITHIN THE CITY OF LUBBOCK, TEXAS, FOR THE YEAR 2009; APPORTIONING SAID LEVY AMONG THE VARIOUS FUNDS AND ITEMS FOR WHICH REVENUE MUST BE RAISED; FIXING THE TIMES IN WHICH SAID TAXES SHALL BE PAID AND ASSESSING PENALTY AND INTEREST FOR NONPAYMENT OF SUCH TAXES WITHIN THE TIME PROVIDED. WHEREAS, after all notices have been given and hearings held as provided by law, the City Council 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 2009 the sum of $0.44640 per One Hundred and No/100s Dollars ($100.00) valuation thereof and the same shall be applied to the various funds in the following manner: $0.3324 per $100 valuation to the General Fund; and $0.0840 per $100 valuation to the Interest and Sinking Fund. $0.0300 per $100 valuation to the Economic Development Fund. SECTION 2. THAT all ad valorem taxes shall be paid before the first day of February 2010, and taxes not paid by that time shall be increased by such penalty and interest as is provided by Chapter 26 of the Code of Ordinances of the City of Lubbock. Passed by the City Council on first reading this 13th day of August , 2009. VOTING FOR PASSAGE: Tom Martin, Mayor Jim Gilbreath, Mayor Pro Tem Paul Beane Linda DeLeon VOTING AGAINST PASSAGE: Floyd Price Todd Klein John Leonard Council members present but not voting: Council members absent: 0 0 Passed by the City Council on second reading this 27th day of August , 2009. VOTING FOR PASSAGE: Tom Martin, Mayor Jim Gilbreath, Mayor Pro Tem Paul Beane Todd Klein John Leonard Council members present but not voting: Council members absent: 0 VOTING AGAINST PASSAGE: Linda DeLeon Floyd Price I TOM MARTIN, MAYOR ATTEST: APPROVED AS TO CONTENT: Andy Bukham, Chief Financial Officer APPROVED AS TO FORM: City Attorney Tax Rate Ordinance 09-10 06/25/09 O c o. � n U OD Q o Q, v a. O 0 ar CD 0 m m Q O 3 tn�m w -q .m A > A m C N x Z N 0� _O x N 0 cn 3. O 3 c 0 0 O 0 r c OD co O 0 D Z 0 2 m O c z D r .c 0 m n 0 a $ w (D �o O 0 O 3 c oai m 0 � w o m Q O ZCA O m _ m (A D mm sn 00) =r N O �------ cr N acr tDM. .c O co0 N � cn s 0 N v s fl c_ O c 0 p m `G .� (DNr N 0 (D O r` vi O N X 1� c 0 m cn O N x s = N or n M Q. � 0 � N v ni s -n C0 O 0 cr W 0 C CD o 0. w 0 Q. i 0 3 0 v- m 0 cu 3 cc w' �o :a M o m m 5 -4 — g 0 c� �mC co W O a n X J N ) n 0 4 • 0 2 m cn D -i• m O n m� AL