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O-2790-11-08ORDINANCE NO. 2 -11- ' AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, AMENDING SECTION 2-7 OF THE CODE OF ORDINANCES TO INCREASE THE ANNUAL EXEMPTION FROM AD VALOREM TAXATION FOR INDIVIDUALS WHO ARE SIXTY-FIVE (65) YEARS OF AGE OR OLDER; PROVIDING A REPEALING CLAUSE; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, THAT: SECTION 1. The Code of Ordinance of the City of Allm Texas, be and the same is hereby amended by amending Section 2-7, in pan to read as follows: "Sec. 2-7. Residence homestead exemption for senior eifizen. Pursuant to Article VIII, Section 1-b of the Texas Constitution and Section 11.13(d) of the Texas Property Tax Code, Forty -Five Thousand Dollars ($45,000) of the appraised value of the residence homestead of an individual sixty-five (65) years of age or older shall be exempt from ad valorem taxation beginning with tax year 2007 and continuing thereafter, provided, however such individual qualifies for and makes application for such exemption in accordance with the Texas Property Tax Code, as amended. Beginning with tax year 2009 and continuing thereafter Fifty Thousand Dollars ' (550,000.00) of the appraised value of the residence homestead of an individual sixty-five (65) years of age or older shall be exempt from ad valorem taxation pursuant to Article VIII, Section 1-b of the Texas Constitution and Section 11.13(d) of the Texas Property Tax Code, as amended, provided, however such individual qualifies for and makes application for such exemption in accordance with the Texas Property Tax Code, as amended." SECTION 2. All provisions of the ordinances and resolutions of the City of Allen, Collin County, Texas, in conflict with the provisions of this ordinance be, and the same are hereby, repealed, and all other provisions not in conflict with the provisions of this ordinance shall remain in full force and effect. SECTION 3. Should any word, phrase, paragraph, section or phrase of this ordinance or of the Code of Ordinances, as amended hereby, be held to be unconstitutional, illegal or invalid, the same shall not affect the validity of this ordinance as a whole, or any pan or provision thereof other than the pan so decided to be unconstitutional, illegal or invalid, and shall not affect the validity of the Code of Ordinances as a whole. SECTION 4. This ordinance shall take effect immediately from and after its passage, as the law and charter in such cases provide, provided however the increase in the amount of appraised value of a residence homestead exempt from ad valorem taxation herein shall take effect beginning with tax year 2009. I DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, ON THIS THE 25TH DAY OF NOVEMBER, 2008, APPROVED: tephZen- T 'er—rfl , Mayor APPROVED AS TO FORM: ATTEST: Peter G. Smith, Ci P,Attorney Shelley B. Cicoigk, Cifty Secretary (PGS/ c 10/16/08 (32161) Ordinance No. 2790-11-08, Page 2