OR 97-809 Levys taxes for 1997 at .6686 per $100 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS
ORDINANCE NO. 97809
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, LEVYING THE AD VALOREM
TAXES FOR THE YEAR 1997 AT A RATE OF .6686 PER ONE HUNDRED DOLLARS ($100)
ASSESSED VALUATION ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE
LIMITS OF THE CITY AS OF JANUARY 1, 1997; TO PROVIDE AN INTEREST AND
SINKING FIfND 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 ORDA1NED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS:
SECTION 1. That there be and is hereby levied for the year 1997 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 .6686 on each One Hundred Dollars ($100)
assessed value of taxable property, and shall be apportioned and distributed as follows:
a) For the PURPOSE of deffaying the current expenses of the municipal government of
the City, a tax of $40999 on each One Hundred Dollars ($100) assessed value of all taxable property.
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 .25861 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, 1997 and
all ad valorem taxes for the year shall become delinquent after January 31, 1998. There shall be no
discount for payment of taxes prior to said January 31, 1998. 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, 1998, incur an additional penalty of
fffieen percem 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 Assessor/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 1997, 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 9t~h
day of September, 1997.
MAYOR
ATTEST:
CITY SECRETARY
APPROVED AS TO FORM:
CITY ATTORY~