O-2210-9-03ORDINANCE NO. 2210-9-03
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, ADOPTING THE TAX RATE AND LEVYING THE AD
VALOREM TAXES FOR THE FISCAL YEAR 2003-2004 TO PROVIDE REVENUE
FOR THE PAYMENT OF CURRENT EXPENDITURES; PROVIDING A
SEVERABILITY CLAUSE; PROVIDING A REPEALING CLAUSE; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, following public notice duly posted and published in all things as required by law, a public
hearing was held on August 26, 2003, 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 2003-2004, 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 THIN CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS, THAT:
SECTION 1. There is hereby levied and shall be assessed for the tax year 2003 on all taxable property,
real, personal and mixed, situated within the corporate limits of the City of Allen, Collin County, Texas, and
not exempt by the Constitution of the State and valid State laws, a tax of $0.56100 on each and every $100
' assessed valuation of taxable property apportioned and distributed as follows:
(a) $0.359237 on each and every $100 valuation of said property is hereby reviewed and
assessed to provide revenue for maintenance and operations of the City government and
current expenses thereof; and,
(b) $0.201763 on each and every $100 valuation of said property is hereby reviewed and
assessed for the purpose of paying interest and bonded indebtedness of the City.
SECTION 2. All ad valorem taxes shall become due and payable on October 1, 2003, and all ad valorem
taxes for the year shall become delinquent if not paid prior to February 1, 2004.
SECTION 3. A delinquent tax shall incur all penalty and interest authorized by law including a penalty of
six percent (6%) on the amount of the tax for the first calendar month it is delinquent, plus one percent (10/.)
for each additional month or portion of a month the tax remains unpaid prior to July 1 of the year in which it
becomes delinquent. A tax delinquent on July 1, 2004, incurs a total penalty of twelve percent (12%) of the
amount of delinquent tax without regard to the number of months the tax has been delinquent. A delinquent
tax shall also accrue interest at the rate of one percent (1%) for each month or portion of a month the tax
remains unpaid. Taxes that remain delinquent on July 1, 2004, incur an additional penalty of fifteen percent
(15%) of the amount of taxes, penalty, and interest due; such additional penalty is to defray costs of
collection due to a contract with the City's tax collection attorney pursuant to Section 33.07 of the Texas
Property Tax Code, as amended.
SECTION 4. The City shall have available all the rights and remedies provided bylaw for the enforcement
of the collection of taxes levied under this ordinance.
SECTION 5. The tax roll as presented to the City Council, together with any supplements thereto, be and
the same are hereby approved.
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SECTION 6. Should any word, sentence, paragraph, subdivision, clause, phrase or section of this
ordinance, be adjudged or held to be void or unconstitutional, the same shall not affect the validity of the
remaining portions of said ordinance which shall remain in full force and effect.
SECTION 7. All ordinances of the City of Allen, Collin County, Texas, in conflict with the provisions of
this ordinance be, and the same are hereby, repealed; provided, however, that all other provisions of said
ordinances not in conflict with the provisions of this ordinance shall remain in full force and effect.
SECTION 8. 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 9TH DAY OF SEPTEMBER, 2003.
APPROVED AS TO FORM:
l /�k4
Peter G. Smith, crrV ATTORNEY
APPROVED:
Stephen Terrell, MAYOR
ATTEST:
Shelley B. GeorgY TRMC, CI ECRETARY
Ordinance No. 2210-9-03, Page 2
2003 Property Tax Rates
in City of Allen
This notice concerns 2003 property tax rates for City of Allen. It presents inforrotiw about Ouee tax rates. Last
yea's no, rate is the rental rare the bring unit used to determine property nates last yew. This years effective tax
race would impose the more total taxes m but year if you compare properties razed in both years. This year's
rollback tax rate is the highest to rate the taxing unit can set before taxpayers can sort taz rollback procedures.
In each case these ones are found by dividing the total amount of taxes by the tat base (the total value of taxable
Property) with adjustments as required by state law. The ones ase given Per $100 of Property value.
hart year's tax one:
Fast year's operating taxes $14,447,078
last years debt noes $8,463,826
last year's tool toes $22,910,904
Last year's rat base $4,06.673.310
Last yew's total to sate 0.562000/$100
This year's effective to rate:
Ise[ years adrysvA an.
(after subtracting toes on last Property) $22,819,416
This year's adiusted ta: bar
(after subtracting value of new, Property) $4,116,614,816
= This year's effective tax hate 0352977/$100
x 1.03 = twiimom ram anleas unit publishes
notices am holds hearing 0.569566/$100
This year's ro06ack tax rate:
Last year's adjusted operating toes (after mboactog taxes on fist $14,389,402
property and dlwaing for tmmfened function, rax increment flooring, _
and/or enhanced indigent health case expenditures)
This years adjusted tax base - $4,126,644,816
This years effective operating rate 0.348697/$IM
x 1.08 = this year's madmum operating rate 0.376592/$100
+ This yew's debt rate 0.201763/$100
This years rollback rare 0.578355/$IW
Statement of lecreasill1scomse 4
If City of Allen adopts a 2003 tax ram equal o the effective to rare of $0.552977 per $100 of value, toes would
increase compared to 2002 toes by $1,602,564.
Schedule A:
Unencumbered Fund Balances:
The following estimated balances will b, left in the uair, property = aceounts at the end of the Faced year These
balances are not encumbered by a corresponding debt obligation.
TNcf PWST+*�F Fund BIIgPCY
Maintenance & Operations $6,512,574
Interest & Sinking $1.325.010
Schedule B:
2003 Debt Service:
The unit plans to pay the following amounts for long-term debts that are accused by property taxes. Thea sow ra will
be paid from property on, mwues (or additional sales to revenues, if applicable).
Principal or Interest to be
Conran Aymmt Paid from Other
Oacdptlw bile Aidtram Property A.m. 'rota)
dualist rrtnoeetv Texas Taaes to be wind Pumenf
G.O. Bods 8511101000 $3,834,187 $0 $81944.187
TOW required fm 2003 Debt Service $8,944,187
Amount (if my) paid form fonds listed in Schedule A $0
Arnwnt (if any) paid from other seaaurces $0
Bxo,s oll ctioo last yew $0
= TOW an he paid from too in 2003 88.944.107
+ Amwnt added in inicil'mw that the unit will 80
collect only IW.00% of its taxes in 2003
=
Total Debt Levy _ $8944.187
This notice caroms a summary of actual effative and connote tax rates' cal inaminew
You can inspect a copy of the full calculations m 1800 North Graves, Suite 170, McKinney, Texw 75069.
Nance of person preparing this notice: KeweN L. Mann
Title: Collin County To Assessor Collector
Date psepwW: August 1, 2W3