HomeMy WebLinkAbout2005-2831 - Ordinance - 09/21/2005
ORDINANCE NO.
2831
AN ORDINANCE LEVYING THE AD VALOREM TAXES FOR THE USE AND SUPPORT OF
THE MUNICIPAL GOVERNMENT OF THE CITY OF COLLEGE STATION, TEXAS, AND
PROVIDING FOR THE GENERAL DEBT SERVICE FUND FOR THE YEAR 2005-06 AND
APPORTIONING EACH LEVY FOR THE SPECIFIC PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS:
SECTION 1. That there is hereby levied and there shall be collected for the use and support of the
municipal government of the City of College Station, Texas, and to provide General Debt Service for the
2005-06 fiscal year upon all property, real, personal and mixed within the corporate limits of said city
subject to taxation, a tax of forty three and ninety four hundredths cents ($0.4394) on each one hundred
dollar ($100.00) valuation of property, and said tax being so levied and apportioned to the specific purpose
herein set forth:
1.
For the maintenance and support of the general government (General
Fund), eighteen and ninety six hundredths ($0.1896) on each one
hundred dollar ($100.00) valuation of property; and
2.
For the general obligation debt service (Debt Service Fund), twenty
four and ninety eight hundredths cents ($0.2498) on each one hundred
dollar ($100.00) valuation of property to be used for principal and
interest payments on bonds and other obligations of the fund.
SECTION II. All moneys collected under this ordinance for the specific items therein named, shall be and
the same are hereby appropriated and set apart for the specific purpose indicated in each item and the
Assessor and Collector of Taxes and the Director of Finance and Strategic Planning shall keep these
accounts so as to readily and distinctly show the amount collected, the amounts expended and the amount
on hand at any time, belonging to such funds. It is hereby made the duty of the Tax Assessor and Collector
to deliver a statement at the time of depositing any money, showing from what source such taxes were
received and to what account (General Fund or General Debt Service Fund) the funds were deposited.
SECTION III. That this ordinance shall take effect and be in force from and after its passage.
PASSED AND APPROVED THIS 21st
DAY OF
September
,2005.
APPROVED:
ATTEST:
~2.~
Ron Silvia, a or
Connie Hooks, City Secretary
APPROVED:
~~.
city Attorne); ~