O-735-9-86ORDINANCE NO. 735-9-86
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, 1986, AND ENDING SEPTEMBER 30, 1987; 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 28, 1986, by and before the City
Council of the City of Allen, the subject of which was the proposed budget for the City
of Allen for Fiscal Year 1986-1987, submitted by the City Manager in accordance with
provisions of the City Charter and state statutes; and,
WHEREAS, pursuant to Property Tax Code Section 12.06, V.T.C.A., the proposed
tax rate does not exceed by more than three percent (3%) the published limitation; 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
1986 of the City of Allen an ad valorem tax of forty-six and one-half cents ($0.465) 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 tax shall be appropriated between the DPbt
Service Fund and the General Fund as follows, to -wit:
For the General Fund .2426603
For the Debt Service Fund .2223397
Total .4650000
SECION 3. All prior years' delinquent taxes, penalty and interest and roll
back taxes collected will be deposited to the General Fund.
Ordinance No. 735-9-86 - Page 1
TION 4. The Tax Assessor -Collector of the City of Allen is hereby
assess, for the 1986 tax year, the rates and amounts herein levied, and when
are collected, to distribute the collections in accordance with this ordinance.
TION 5. This ordinance shall become effective immediately from and
ssage.
X PASSED AND APPROVED, this -the 18th day of September, 1986.
APPROVED AS TO FORM:
A. Do , ity Attorney
APPROVED:
- - M-11 _3 I....
Donald P. Rodenbadgh,
ATTEST:,
WQAAIXA� I
Marty Hendrix, C , City Secretary
Ordinance No. 735-9-86 - Page 2