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HomeMy WebLinkAboutOrdinance 8182 ORDINAi~TCE NO $ f ~ AN ORDINANCE PROVIDING FOR THE LEVY AND COLLEC- TION OF AN ANNUAL DIRECT AD VALOREM TAX ON ALL PROPERTY REAL PERSONAL AND MIXED SITUATED WITHIiQ THE TERRITORIAL LIMITS OF THE CITY OF FORT WORTH TEXAS AND ALL PERSONAL PROPERTY OWNED IN SAID CITY OF FORT WORTH TEXAS ON THE FIRST DAY OF JANUARY A D 1980 EXCEPT SUCH PROPERTY AS MAY BE EXEMPT FROM TAXATION BY THE CONSTITUTION AND LAWS OF THE STATE OF TEXAS BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH TEXAS SECTION I There is hereby levied and shall be collected as pro- vided by law an annual direct special ad valorem tax for the year 1980 for General Fund operations and for servicing of General Obligation Bonds outstanding of the said City of Fort Worth of $1 489 on every One Hundred Dollar ($100 00) valuation on all pro- perty real personal and mixed situated in and all personal property owned in the City of Fort Worth Texas on the first day of January A D 1980 liable under the law to taxation and not exempt therefrom by the Constitution and laws of the State of Texas The Commissioner of Accounts shall pay each week to the Interest and Redemption Fund thirty-two percent (32%) of the current taxes collected for General Fund operations and debt service until $10 399 457 has been paid to the Interest and Re- demption Fund after which all of said collections will remain in the General Fund In this way the General Fund will absorb any Interest and Redemption Fund delinquencies and in consideration of which will receive all delinquent tax collections during the entire year SECTION II The tax levy which is hereinbefore made shall provide for the payment of interest and create a redemption fund or discharge and pay principal and interest on any obligations due or owing by the City of Fort Worth Texas and shall not be taken as an addition to levies for the same purpose in the respective ordinances authorizing and creating such obligations but the levy hereinbefore made is made pursuant to and for the purpose of carrying out and complying with the provisions of said prior ordinances and ad valorem taxes herein are levied upon all taxable property real personal and mixed situated in and all personal property owned in the City of Fort Worth Texas as assessed valued and described in the assessment tax rolls and the tax books of the City of Fort Worth Texas for the year 1980 and any supplemental assessments thereof as the same have been or shall be presented to the City Council of the City of Fort Worth Texas by the Assessor and Collector of Taxes of said City of Fort Worth Texas SECTION III The taxes herein levied and authorized and required to be collected shall be and become due and payable in two equal installments The first installment which amount shall be fifty percent (50P/o) of the total sum of the taxes due and payable for the current year shall be due and payable on the first day of October A D 1980 and the second installment which amount shall be the remaining fifty percent (50io) of the total sum due and payable in taxes for the current year shall become due and payable on the first day of April A D 1981 SECTION IV The first installment of taxes required to be paid by virtue of this ordinance for the current year shall become delinquent on the first day of December A D 1980 and the second installment of taxes required to be paid by virtue of this ordinance for the current year shall become delinquent on the first day of June A D 1981 SECTION V Should any taxpayer permit his taxes to become delin- quent that is to say should fail or refuse to pay the first installment said installment being fifty percent (50%) of the total amount of taxes due for the current year before the first day of December A D 1980 as above specified then and in that event the second installment shall also immediately become due -2- .~ and delinquent and interest shall attach to the payment of such taxes at the rate of one percent (1%) per month or fraction thereof for each month thereafter and should any taxpayer pay the first installment of his taxes as hereinabove provided but should permit the second installment of his taxes to become delinquent that is to say should fail or refuse to pay said second installment before the first day of June A D 1981 as above specified then said interest shall attach to the payment of the second installment at the rate of one percent (1%) per month or fraction thereof on each month thereafter SECTION VI Said interest of one percent (1Q/,) per month shall be added to said taxes in the event the payment thereof shall become delinquent as above set forth and said interest shall attach on the first. day of each month thereafter until the taxes shall have been paid which interest shall be and become a part of said taxes and be payable as such and provided further that in the event of the publication of the delinquent tax lists or if suit is brought to recover such taxes and interest and the delinquent taxpayer shall be subject to the payment. of said taxes interest and costs, and the same shall be and become a lien upon the pro- perty of such taxpayer as prescribed by the Charter of the City of Fort Worth Texas and the laws of the State of Texas the said taxes with interest and. costs shall be and become and they are hereby made a paramount lien to all other liens whatsoever on the property on which said taxes are levied SECTION VII Should any part portion section or part of a section of this ordinance be declared invalid or inoperative or void for any reason by a court of competent jurisdiction such decision opinion or judgment shall in no way affect the remaining portions parts sections or parts of sections of this ordinance which provision shall be remain and continue to be in full force and effect ~_ SECTION VIII This ordinance shall take effect and be in full force and effect from and after the date of its passage as provided by law APPROVED AS TO FORM AND LEGALITY City Attorne /1 ADOPTED ~~~~~~~ ~Q ~9~~ EFFECTIVE -4- 'f^' ~~w NOTICE OF TAX INCREASE THE CITY OF FORT WORTH PROPOSES TO INCREASE YOUR ~eVe/~ PROPERTY TAXES BY PER CENT A PUBLTC HEARING ON THE INCREASE WILL BE HELD ON p~~ , 1980 AT ~ yy P M IN THE CITY COUNCIL CHAMBERS, SECOND FLOOR, MUNI- PAL BiJILDING, 1000 THROCKMORTON, FORT WORTH, TEXAS THE CITY COUNCIL FOR THE CITY OF FORT WORTH HAS CONSIDERED THE PROPOSAL AND VOTED IN A MEETING OF THE CITY COUNCIL AS FOLLOWS FOR THE PROPOSAL TO INCREASE TAX RATE jr..: C~ 4 r N ~ N~ W .C i^ K/ ~'~' ~`~` ~~' ~~ ~~ ~~MEMBER OF CITY COUNCIL L.. c~ ~ s Zi~~ c~i2. ~- ~ ~ ~ ~z' y `s `" f3E. ry Co [,~ ~..Li ~rr~ MEMBER OF CITY COUNCIL MEMBER OF CITY COUNCIL AGAINST THE PROPOSAL PTO INCREASE TAX RATE ABSENT AND NOT VOTING !~ c q/ ~ ~' U ~ ~S ~jp,~ /3c~G.F7 MEMBER OF CITY COUNCIL V~~ ~ /,~ac>iS /CIO.-u~ `MEMBER OF CITY COUNCIL MEMBER OF CITY COUNCIL *Designate by Mayor or Mayor-Pro tem or Member_r