HomeMy WebLinkAboutO-1632-9-98ORDINANCE NO. 1632-9-98
AN ORDINANCE OF THE CITY OF ALLEN, COLLIN COUNTY, TERAS,
SETTING, FIXING, AND ADOPTING THE TAX RATE FOR THE CITY OF
ALLEN, TEXAS, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1998, AND
ENDING SEPTEMBER 30,1999; AND PROVIDING AN EFFECTIVE DATE FOR
THIS ORDINANCE.
WHEREAS, following public notice duly posted and published in all things as required by law, a public
hearing was held on August 31, 1998, by and before the City Council of the City of Allen, the subject of
which was the proposed tax rate for the City of Allen for Fiscal Year 1998-99, submitted by the City
Manager in accordance with provisions of the City Charter and state statutes; and,
WHEREAS, the City Council, upon full consideration of the matter, is of the opinion that the tax rate
hereinafter set forth is proper and should be approved and adopted;
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
TEXAS:
SECTION 1: There is hereby levied and shall be assessed for the tax year 1998 of the City of Allen an ad
valorem tax of fifty-seven and five tenths ($0.57500) on each One Hundred Dollars ($100.00) valuation of
property within the limits of the City of Allen and subject to taxation.
SECTION 2: Current ad valorem taxes shall be appropriated between the Debt Service Fund and General
Fund for operation and maintenance as follows, to wit:
For the General Fund .35005
For the Debt Service Fund .22495
Total .57500
SECTION 3: All prior years' delinquent taxes, penalty and interest and roll back taxes collected will be
deposited to the General Fund.
SECTION 4: The Tax Assessor -Collector of the City of Allen is hereby directed to assess, for the 1998
tax year, the rates and amounts herein levied, and when such taxes are collected to distribute the
collections in accordance with this ordinance.
SECTION 5: This ordinance shall be in full force and effect from and after its adoption.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS, ON THIS THE 3RD DAY OF SEPTEMBER, 1998.
APPR VED:
Stephen Terrell, MAYOR
APP TO FORM: ATTEST:
A. Dw-rMW19r, CITY ATTORNEY .Wdy Muffison, CMC, CITY SECRETARY