08-080 - OPIOWN OF
S.P'ER
ORDINANCE NO.08-080
AN ORDINANCE OF THE TOWN. OF PROSPER, TEXAS LEVYING TAXES FOR FISCAL
YEAR BEGINNING OCTOBER 1, 2008 AND ENDING SEPTEM 3ER 30, 2009 AT THE RATE
OF $0.52 PER ONE HUNDRED DOLLARS ($100.00) ASSESSED VALUE ON ALL TAXABLE
PROPERTY WITHIN THE CORPORATE, LIMITS OF THE TOWN OF PROSPER, TEXAS IN
ACCORDANCE WITH EXISTING STATUTORY REQUIREMENTS AND PROVIDING FOR
THE PUBLICATION OF THE CAPTION HEREOF ON THE TOWN'S' HOME PAGE OF ITS
WEBSITE.
WHEREAS, the Town: Council of the Town of Prosper, Texas (hereinafter referred to as the "Town") hereby
finds that the tax for the fiscal year beginning October. 1, 2008, and ending September 30, 2009, hereinafter levied for
current expenditures of the Townand the general improvements of the Town and its property must be levied to provide
revenue requirements for the budget for the ensuing year; and
WHEREAS, the Town Council has approved, by separate ordinance to be adopted on the 16'' day of September,
2008, the budget for the fiscal year beginning October 1, 2008 and ending September 30, 2009; and
WHEREAS; all statutory and constitutional requirements. concerning the levying and assessing of ad
valorem taxes have been complied with.
NOW THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS,
COLLIN COUNTY, TEXAS:
SECTION 1: Findings Incorporated. The findings set forth above are incorporated into the body of this
Ordinance as if fully set forth herein.
SECTION 2: Adoption of Tax Rate.. We the Town Council of the Town of Prosper do hereby levy or adopt the
tax rate of $0.52000 per $100 valuation for the Town for tax year 2008-2009 as follows:
$0.305011 for the purpose of maintenance and operation,
$0.214989 for payment of principal and interest on debt service, and
$0.520000 total tax rate.
THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATION
THAN LAST YEAR'S TAX RATE.
THIS TAX RATE WILL RAISE -TAXES FOR MAINTENEANCE AND OPERATIONS ON A
$100,000 HOME BY APPROXIMATELY $29.94.
Page 1 of 2
SECTION 3:. Place of Payment/Collection. The Tax Assessor -Collector for Collin County is hereby authorized
to assess and collect the taxes of the Town of Prosper in accordance with this ordinance. The Town shall have all rights
and remedies provided by the law for the enforcement of the collection of taxes levied under this ordinance.
SECTION 4: Savings/Repealing Clause. All provisions of any ordinance in conflict with this Ordinance are
hereby repealed; but such repeal. shall not abate any pending prosecution for violation of the repealed Ordinance, nor shall
the repeal prevent prosecution from being commenced for any violation if occurring prior to the repeal of the Ordinance.
Any remaining portions of conflicting ordinances shall remain in full force and effect.
SECTION 5: Severability. Should any section, subsection, sentence, clause or phrase of this Ordinance be
declared unconstitutional or invalid by a .court of competent jurisdiction, it is expressly provided that any and all
remaining portions of this Ordinance shall remain in full force and effect. Prosper hereby declares that it would have
passed this Ordinance, and each section, subsection, sentence, clause, or phrase thereof irrespective of the fact that any
one or more sections, subsections, sentences, clauses, or phrases be declared unconstitutional or invalid.
SECTION 6: SECTION 7: Effective Date. This Ordinance shall become effective from and after its adoption
and publication as required by law.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS ON
THIS 161' DAY OF SEPTEMBER, 2008 AT A MEETING WHICH WAS HELD IN STRICT ACCORDANCE WITH
THE TEXAS OPEN MEETING ACT..
RLES NISWANGER, Mayor
ATTEST TO: `���� f� F RD
/eo•. %alp
o:
&IATHEW D. DENTON, TRMC
own Secretary o
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s� j]YG/y1��i2_ c4 TEXAS ��%
Date of Publication (— Dallas Mominle*rl � lar9! unty Edition
Page 2 of 2
AFFIDAVIT OF PUBLICATION
STATE OF TEXAS
COUNTY OF DALLAS
Before me, a Notary Public in and for Dallas County, this day personally appeared Lynda
Black, Legal Advertising Representative for the DALLAS MORNING NEWS being duly
sworn by oath, states the attached advertisement of -
Town of Prosper
as published in THE DALLAS MORNING NEWS Northeast Edition on:
TOWN OF
PROSPER, TEXAS '
ORDINANCE NO. OHM
Sworn to and subscribed before me this
JANETTHOMASON
COMMISSION EXPIRES
�. January 30, 2011
September 25, 2008
(Lynda Black)
September 25, 2008
�otaryPublic)