HomeMy Public PortalAboutOrdinance No. 1299-15 09-15-2015ORDINANCE 1299-15
AN ORDINANCE FIXING AND LEVYING CITY AD VALOREM TAXES FOR THE CITY
OF RICHLAND HILLS, TEXAS FOR THE YEAR 2015, AND DIRECTING THE
ASSESSMENT AND COLLECTION THEREOF; PROVIDING A SEVERABILITY
CLAUSE; AND PROVIDING AN EFFECTIVE DATE.
Whereas, the City of Richland Hills, Texas (the "City") is a home rule city
acting under its charter adopted by the electorate pursuant to Article XI, Section 5, of
the Texas Constitution and Chapter 9 of the Local Government Code; and
WHEREAS, the City Council finds that a tax for the year 2015, 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 2015,
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 is the effective tax rate for
the year 2015;
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 2015 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 $.470680 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 2015 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 $ 0.058125 per $100.00 of
the assessed valuation of such property.
Section 3. THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND
OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL
EFFECTIVELY BE RAISED BY 0.00% AND WILL RAISE TAXES FOR
MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY
$1.59.
Section 4. It is hereby declared to be the intention of the City Council that the
sections, paragraphs, sentences, clauses, and phrases of this Ordinance are severable,
and if any section, paragraph, sentence, clause, or phrase of this Ordinance shall be
declared unconstitutional by the valid judgment or decree of any court of competent
jurisdiction, such unconstitutionality shall not affect any of the remaining sections,
paragraphs, sentences, clauses, and phrases of this Ordinance, since the same would
have been enacted by the City Council without the incorporation in this Ordinance of
any such unconstitutional section, paragraph, sentence, clause or phrase.
Section 5. This Ordinance shall be in full force and effect from and after its passage
and publication as required by law, and it is so ordained.
PASSED AND APPROVED on this 15th day of September, 2015.
ATTEST: ~ L~~. , (
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ayor, Bill Ag
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