95-15 O - Levying Ad Valorem Taxes for 1994-1995 011
JOw12 Of P'Z05.12£'Z
P.O. Box 297
Prosper, Texas 75078
214/347-2304
ORDINANCE NO . 95- 15
AN ORDINANCE LEVYING AD VALOREM TAXES FOR USE AND SUPPORT OF
THE MUNICIPAL GOVERNMENT OF THE CITY OF PROSPER FOR THE 94-95
FISCAL YEAR: PROVIDING FOR APPORTIONING EACH LEVY FOR SPECIFIC
PURPOSES : AND , PROVIDING WHEN TAXES SHALL BECOME DUE AND WHEN
SAME SHALL BECOME DELINQUENT IF NOT PAID .
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PROSPER, 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 PROSPER, AND TO PROVIDE AN
INTEREST AND SINKING FUND FOR THE 1994-95 FISCAL YEAR, UPON ALL PROPERTY, REAL,
PERSONAL AND MIXED, WITHIN THE CORPORATE LIMITS OF SAID CITY SUBJECT TO TAXATION,
A TAX OF $ .325908 ON EACH $100.00 VALUATION OF PROPERTY, SAID TAX BEING SO
LEVIED AND APPORTIONED TO -THE SPECIFIC PURPOSES HERE SET FORTH:
1 . FOR THE MAINTENANCE AND SUPPORT OF THE GENERAL GOVERNMENT (GENERAL FUND)
$ .254071 ON EACH $100.00 VALUATION OF PROPERTY: AND
2. FOR THE INTEREST AND SINKING FUND $ .071837 ON EACH $100.00 VALUATION OF
PROPERTY.
SECTION 2 . THAT TAXES LEVIED UNDER THIS ORDINANCE SHALL BE DUE OCTOBER 1 , 1995,
AND IF NOT PAID ON OR BEFORE JANUARY 1 , 1996, SHALL IMMEDIATELY BECOME DELINQUENT.
SECTION 3 . ALL TAXES SHALL BECOME A LIEN UPON THE PROPERTY AGAINST WHICH ASSESSED,
AND THE CITY ASSESSOR AND COLLECTOR OF THE CITY OF PROSPER IS HEREBY AUTHORIZED AND
EMPOWERED TO ENFORCE THE COLLECTION OF SUCH TAXES ACCORDING TO THE CONSTITUTION AND
LAWS OF THE STATE OF TEXAS AND ORDINANCES OF THE CITY OF PROSPER SHALL, BY VIRTUE OF
THE TAX ROLLS, FIX AND ESTABLISH A .LIEN BY LEVYING UPON SUCH PROPERTY, WHETHER REAL
OR PERSONAL, FOR THE PAYMENT OF SAID TAXES, PENALTY AND INTEREST, AND, THE INTEREST
AND PENALTY COLLECTED FROM SUCH DELINQUENT TAXES SHALL BE APPORTIONED TO THE GENERAL
FUND OF THE CITY OF PROSPER. ALL DELINQUENT TAXES SHALL BEAR INTEREST FROM DATE OF
DELINQUENCY AT THE RATE AS PRESCRIBED BY STATE LAW.
SECTION 4 . THAT THIS ORDINANCE SHALL TAKE EFFECT AND BE IN FORCE FROM AND AFTER
ITS PASSAGE.
PASSED THIS 12th DAY OF SEPTEMBER, 1995, AT A REGULAR MEETING OF THE CITY COUNCIL
OF THE CITY OF PROSPER, THERE BEING A QUORUM PRESENT, BY 4 YEAS AND 0 NAYS,
_AND-APPROVED BY THE MAYOR ON THE DATE ABOVE SET OUT.
APPROVED :
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