HomeMy Public PortalAboutOrdinance No. 1254-13 09-17-2013September 17, 2013
4B-2
ORDINANCE 1254-13
AN ORDINANCE FIXING AND LEVYING CITY AD VALOREM TAXES FOR THE CITY
OF RICHLAND HILLS, TEXAS FOR THE YEAR 2013, AND DIRECTING THE
ASSESSMENT AND COLLECTION THEREOF.
Whereas, the City Council finds that a tax for the year 2013, hereinafter levied
for current expenses of the City and the general improvement of the City and its
property must be levied to provide the revenue requirements of the budget for the
ensuing year; and
Whereas, the City Council further finds that taxes for the year 2013,
hereinafter levied are necessary to pay interest and to provide the required sinking fund
on outstanding bonds of the City issued for City purposes; and
Whereas, the tax rate proposed by the City Council exceeds the effective tax
rate for the year 2013; and
Whereas, public notice of the two required public hearings on the proposed
tax rate, stating the date, time, place, and subject matter of said public hearings, was
given as required by the laws of the State of Texas, and
Whereas, such public hearings were held on August 20, 2013 and September
3, 2013, prior approval of such date being hereby ratified and confirmed by the City
Council, and all those wishing to speak on the proposed tax rate were heard; and
Whereas, the City Council listened to the comments of the tax payers at the
public hearings and has determined that the proposed tax rate as set out below is in the
best interest of the City.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
RICHLAND HILLS, TEXAS:
Section 1. For the current expenses of the City and for the general improvement of the
City and its property, there is hereby levied and ordered to be assessed and collected
for the year 2013 on all property situated within the limits of Richland Hills, and not
exempt from taxation by valid laws, an Ad Valorem tax at the rate of $.467694 per $100
of the assessed valuation of such property.
Section 2. For the purpose of paying interest and providing a sinking fund for the
payment of each issue of bonds issued for various City purposes, including the various
installments of principle falling due during the ensuing year on bonds issued for such
purposes, and for the purpose of paying interest and making provision for the sinking
fund on such other bonds as may be issued for various City purposes during the
ensuing year, there is hereby levied and ordered to be assessed and collected for the
year 2013 on all property situated within the limits of Richland Hills, and not exempt
from taxation by valid laws, an Ad Valorem tax at the rate of $ 0.060400 per $100.00 of
the assessed valuation of such property.
September 17, 2013
PASSED AND APPROVED on this ~_ day of
ATTEST:
ity Secretary Linda Cantu
4B-3
2013.
or Bill Ag
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