OR 94-669 Levys taxes for 1994 at rate of .6695 per $100 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS
ORDINANCE NO. 94669
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, LEVYING THE AD
VALOREM TAXES FOR THE YEAR 1994 AT A RATE OF .6695 PER ONE
HUNDRED DOLLARS ($100) ASSESSED VALUATION ON ALL TAXABLE
PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY AS OF JANUARY
1, 1994; TO PROVIDE AN INTEREST AND SINKING FUND ON ALL
OUTSTANDING DEBTS OF THE CITY; PROVIDING FOR DUE AND
DELINQUENT DATES TOGETHER WITH PENALTIES AND INTEREST; AND
DECLARING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL,
TEXAS:
SECTION 1. That there be and is hereby levied for the year 1994 on all taxable
property, real, personal and mixed, situated within the limits of the City of COPPELL,
Texas, and not exempt by the Constitution of the State and valid State laws, a tax of
.6695 on each One Hundred Dollars ($100) assessed value of taxable property, and shall
be apportioned and distributed as follows:
a) For the PURPOSE of defraying the current expenses of the municipal
government of the City, a tax of $.41260 on each One Hundred Dollars ($100) assessed
value of all taxable properly.
b) For the PURPOSE of creating a sinking fund to pay the interest and principal
on all outstanding bonds of the City, not otherwise provided for, a tax of .25690 on each
One Hundred Dollars ($100) assessed value of all taxable property, within the City which
shall be applied to the payment of such interest and maturities of all outstanding bonds.
SECTION 2. That all ad valorem taxes shall become due and payable on October
1, 1994 and all ad valorem taxes for the year shall become delinquent after January 31,
1995. There shall be no discount for payment of taxes prior to said January 31, 1995.
A delinquent tax shall incur all penalty and interest authorized by law (33.01 PTC), to
wit: a penalty of six percent of the amount of the tax for the first calendar month it is
delinquent plus one percent for each additional month or portion of a month the tax
remains unpaid prior to July 1 of the year in which it become delinquent.
Provided, however, a tax delinquent on July 1, incurs a total penalty of twelve
percent of the amount of the delinquent tax without regard to the number of months the
tax has been delinquent. A delinquent tax shall also accrue interest at a rate of one per
cent for each month or portion of a month the tax remains unpaid. Taxes that remain
delinquent on July 1, 1995, incur an additional penalty of fifteen percent of the amount
of taxes, penalty, and interest due; such additional penalty is to defray costs of collection
due to contract with the City's Attorney pursuant to Section 6.30 of the Property Tax
Code.
SECTION 3. Taxes are payable in Coppell, Texas, at the office of the Tax
Collector. The City shall have available all rights and remedies provided by law for the
enforcement of the collection of taxes levied under this ordinance.
SECTION 4. That the tax rolls, as presented to the City Council together with any
supplement thereto, be, and the same are hereby approved.
SECTION 5. The fact that it is necessary that this ordinance be enacted in order
to authorize the collection of ad valorem taxes for the year 1994, this ordinance shall take
effect from and after its passage as the law in such cases provides.
DULY PASSED and adopted by the City Council of the City of Coppell, Texas,
this the 13th day of September. 1994.
APPROVED:
MAYOR PRO TEM
ATTEST:
CITY SECRETARY
APPROVED AS TO FORM:
ATTORNEY