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O-547-9-84ORDINANCE NO. 5 4 7- 9- 8 4 AN ORDINANCE OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, SETTING, FIXING, AND ADOPTING THE TAX RATE FOR THE CITY OF ALLEN, TEXAS, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1984„ AND ENDING SEPTEMBER 30, 1985; AND PROVIDING AN EFFECTIVE DATE FOR THIS ORDINANCE. WHEREAS, following public notice duly posted and published in all things as required by law, public hearing was held on August 23, 1984, by and before the City Council of the City of Allen, the subject of which was the proposed budget and tax rate for the City of Allen for Fiscal Year 1984-1985, submitted by the City Manager in accordance with provisions of the City Charter and state statutes; and, WHEREAS, pursuant to Article 7244c, V.T.C.S., the proposed tax rate does exceed by more than three percent (3%) the published limitation, and in accordance with state law a public hearing on the proposed increase in tax rate was held on September 11, 1984, after publication of notices required by law; 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 I. There is hereby levied and shall be assessed for the tax year 1984 of the City of Allen an ad valorem tax of forty two and one-half cents ($0.425) on each One Hundred Dollars ($100.00) valuation of property within the limits of the City of Allen and subject to taxation. Section IL Such ad valorem tax shall be appropriated between the Debt Service Fund and the General Fund as follows, to -wit: For the General Fund 0.2155 For the Debt Service Fund 0.2095 Total 0.4250 Ordinance No. 547-9-84 - Page 1 Section III. The Tax Assessor -Collector of the City of Allen is hereby directed to assess, for the 1984 tax year, the rates and amounts herein levied, and when such taxes are collected, to distribute the collections in accordance with this ordinance. Section IV. This ordinance shall become effective immediately from and after its passage. DULY PASSED AND APPROVED, this the 20th day of September , 1984. APPROVED: i� I �7 �- ,Donald P. Rodenbaugh, Mayor ATTEST: Marty Hendrix, City cretary APP VED AS TO FORM: on er. Cit ttorney Ordinance No. 547-9-84 - page 2