06-100 - O TOWN OF PROSPER, TEXAS ORDINANCE NO. 06-100
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS LEVYING
TAXES FOR THE 2006 TAX YEAR AT THE RATE OF $0.498817 PER
ONE HUNDRED DOLLARS ($100.00) ASSESSED VALUE ON ALL
TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE
TOWN OF PROSPER, TEXAS; PROVIDING FOR A DATE ON WHICH
SUCH TAXES BECOME DUE AND DELINQUENT TOGETHER WITH
PENALTIES AND INTEREST THEREON; PROVIDING FOR
REPEALING, SAVINGS AND SEVERABILITY CLAUSES; PROVIDING
FOR AN EFFECTIVE DATE OF THIS ORDINANCE; AND PROVIDING
FOR THE PUBLICATION OF THE CAPTION HEREOF.
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, 2006, and ending
September 30, 2007, hereinafter levied for current expenditures of the Town and the general
improvements of the Town and its property must be levied to provide the revenue requirements
of the budget for the ensuing year; and
WHEREAS, the Town Council has approved, by a separate ordinance to be adopted on
the 12th day of September, 2006, the budget for the fiscal year beginning October 1, 2006, and
ending September 30, 2007; 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:
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: Tax Levied. There is hereby levied and ordered to be assessed and
collected for the fiscal year beginning October 1, 2006, and ending September 30, 2007, and for
each fiscal year thereafter until it be otherwise provided by and ordained on all taxable property,
real, personal and mixed, situated within the corporate limits of the Town of Prosper, Texas, and
not exempt from taxation by the Constitution of the State and valid State laws, an ad valorem tax
for the general operations of the Town at a rate of $0.498817 on each One Hundred Dollars
($100.00) assessed value of taxable property, and shall be apportioned and distributed as follows:
a. For the purpose of defraying the current expenses (maintenance and operations)
of the municipal government of the Town, a tax of $0.184549 on each One
Hundred Dollars ($100.00) assessed value of all taxable property.
b. For the purpose of creating an interest and sinking fund to pay the interest and
principal on all outstanding debt, capital lease payments, and related fees of the
Town, not otherwise provided for, a tax of $0.314268 on each One Hundred
Dollars ($100.00) assessed value of all taxable property, within the Town which
Page 1 of 3
shall be applied to the payment of such interest and maturities of all outstanding
debt.
Total tax rate of$0.498817 is based on one hundred percent (100%) market value on each One
Hundred Dollars ($100.00)of all taxable property within said Town.
THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS
THAN LAST YEAR'S TAX RATE.
The Town will raise more taxes for maintenance and operation because the Town's taxable
assessed values increased. As stated above, the maintenance and operation rate adopted herein is
$0.184549 on each One Hundred Dollars ($100.00) assessed value of all taxable property.
SECTION 3: Due Date of Taxes. The taxes assessed and levied hereby are payable
anytime after the approval and publication of this Ordinance and not later than January 31 of the
year following the year in which the taxes are assessed. Penalties and interest shall accrue as
provided by law. However, if the entire taxes due as provided herein are paid in full by January
31 of the year following the year in which the taxes are assessed, no penalty or interest shall be
due.
SECTION 4: Penalties and Interest. A delinquent tax shall incur the maximum penalty and
interest authorized by law.
SECTION 5: Place of Payment/Collection. Taxes are payable at the office of the Collin
County Tax Assessor/Collector. The Town shall have available all rights and remedies provided
by law for the enforcement of the collection of taxes levied under this Ordinance.
SECTION 6: Tax Roll. The tax roll, as presented to the Town Council, together with
any supplement thereto, is hereby accepted.
SECTION 7: Rollback Taxes: All rollback taxes collected during the 2006 fiscal year
shall be deposited only in the General Fund of the Town of Prosper, Texas and said funds shall
not be allocated, in whole or in part, to the Debt Service fund of the Town.
SECTION 8: 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 9: 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. Town 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 10: Effective Date: This Ordinance shall become effective from and after its
adoption and publication as required by law.
Page 2 of 3
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, on this 12th day of September, 2006.
CH E NISWAN , MAYOR
`0111111///,
ATTEST TO: •% Of PRO i'ti
•
,• TTHEW D. DENTON, Town Secretary *I
TEMS
Date of Publication:5 p'E BE4- 19 f-2 /l02C06 ,Dallas Morning News-Collin County Edition
Page 3 of 3
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—Metro Collin County Edition on:
TOWN OF
PROSPER, TEXAS
ORDINANCE NO. 06100 September 19, 2006
AN ORDINANCE OF
PER, TEXASOLEVYING September 21, 2006
TAXES FOR THE 2006
RATE OF $0498817 PER
ONE HUNDRED..DOL-
SER ( ASSEDVALUE ON LL
TAXABLE PROPERTY
WITHIN THE CORPO-
RATE LIMITS OpF THE
TOWN OF PROSPER,
TEXAS,*
PRO
TvvQ!DING
WHICH SUCH TAXXES
BECOME DUE AND DE-
LINQUENT TOGETHER
WITH PENALTIES AND
INTEREST THEREON; (Lynda Black)
PROVIDING FOR RE-
PEALING SAVINGS
AND SEVtRABILITY
CLAUSES; PROVIDING
FOR AN EFFECTIVE
DATE OF THIS ORDI-
NANCE,. AND PROVID-
ING FR THE PUBLI-
CATION OF THE CAP
TION HEREOF.
Sworn to and subscribed before me this September 22, 2006, A.D
,W 11#1rf,,,
.N% -“ENF/ 1/., (Lisa Batten e d)
•
STATE
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