HomeMy WebLinkAbout903 09-09-1986ORDINANCE NO. 903
AN ORDINANCE ADOPTING A TAX RATE FOR THE CITY
OF EULESS FOR THE YEAR 1986; PROVIDING FOR
CERTAIN EXEMPTIONS THERETO; PROVIDING FOR
PUBLICATION; AND DECLARING AN EMERGENCY AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, on August 26, 1986, the Euless City Council held a
public hearing on a proposal to set a tax rate for the year 1986;
and
WHEREAS, all citizens and interested persons were given an
opportunity to be heard regarding the proposed tax rate; and
WHEREAS, due notice of such meeting was published according to
law; and
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
EULESS, TEXAS:
SECTION 1
THAT the official tax rate for the City of Euless for the
calendar year 1986 be and the same is hereby adopted by the
Euless City Council as hereinafter set forth.
SECTION 2
THAT there shall be and there is hereby levied the following
taxes on each one hundred dollars ($100.00) valuation on all
taxable property within the City of Euless, Texas, to be assessed
and collected by the Tax Assessor and Collector for the year, and
collected for the purposes hereinafter stipulated, to -wit:
(a) For the General Fund levied on $100 valuation
. . . . . . $0.305
(b) For the Interest and Sinking Fund levied on the
$100 valuation
$0.115
Total Levy $0.42
SECTION 3
THAT there shall be exempted from the valuation of all
residential homesteads for which proper application shall have
been made, an amount equal to thirty (30 %) percent of the
assessed value of such residential homestead. The exemption
shall be granted to any such residential homestead. The
exemption shall be granted to any such residential improvements
qualifying for same as provided by law.
SECTION 4
There shall be exempted the sum of twenty -one thousand, five
hundred forty Dollars ($21,540.00) of the assessed value of
residence homesteads of residents of the City of Euless, Texas,
who are sixty -five (65) years of age or older, from all ad
valorem taxes thereafter levied by such City.
SECTION 5
Emergency Clause. By the affirmative vote of four or more of its
members, the City Council declares that this is an ordinance for
the immediate preservation of the public peace, property, health
and safety, and is an emergency measure within the meaning of
Article II, Section 11, of the City Charter; and the requirement
that it be read at two meetings, as specified in such Section 11,
is hereby dispensed with.
SECTION 6
Effective Date. This ordinance shall be in full force and
effect and after its passage as provided by the Euless City
Charter and the laws of the State of Texas.
PRESENTED AND GIVEN FIRST AND FINAL READING at a regular meeting
of the Euless City Council on the 9th day of September, 1986, by
a vote of 4 ayes, n_ nays, and n_ abstentions.
APPROVED:
FA
ATTEST:
Kay Ra` ey, City Secretory'
APPROVED AS TO FORM:
Bob McFarland, City Attorney
Ordinance No. 903 , Page 2 of 2