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Ordinance 2008-42 ORDINANCE NO. 2008-42 AN ORDINANCE FIXING THE TAX RATE AND LEVY FOR THE CITY OF WYLIE, TEXAS, UPON ALL TAXABLE PROPERTY IN THE CITY OF WYLIE, TEXAS, FOR THE PURPOSE OF PAYING THE CURRENT EXPENSES OF THE CITY FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2009, AND FOR THE FURTHER PURPOSE OF CREATING A SINKING FUND TO RETIRE THE PRINCIPAL AND INTEREST OF THE BONDED INDEBTEDNESS OF THE CITY; PROVIDING FOR A LIEN ON ALL REAL AND PERSONAL PROPERTY TO SECURE PAYMENT OF TAXES DUE THEREON; CONTAINING A SEVERABILITY CLAUSE; REPEALING ALL ORDINANCES AND PARTS THEREOF IN CONFLICT HEREWITH; AND PROVIDING FOR AN EFFECTIVE DATE. THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $0.00. ~ WHEREAS, the City Council has this date, by way of Ordinance duly passed, adopted a Budget of operation for the City for fiscal year 2008-2009; and WHEREAS, the aforesaid Ordinance anticipates and requires the levy of an ad valorem tax all t~able property in the City of Wylie; and WHEREAS, it is necessary to levy such an ad valorem tax at a given rate to generate revenues sufficient to meet projected expenses; and WHEREAS, the City has fully and timely complied with all notice and other requirements relative to the adoption of a tax rate for fiscal year 2008-2009; and WHEREAS, notice of the proposed tax rate, as well as the effective tax rate, has been published as required by law and the City has received no formal protest thereof. NOW THEREFORE, BE IT ORDAINED by the City Council of the City of Wylie, Texas, as follows: Section 1. There is hereby levied for the fiscal year 2008-2009 upon all real property situated within the corporate limits of said City of Wylie, Texas, and upon all personal property which was owned within the corporate limits of said City of Wylie, Texas, on the first day of January, A.D. 2008, except so much thereof as may be exempt by the Constitution or laws of the Ordinance 2008-42 Approval of Tax Rate Year 2008 and Budget Year FY2008-2009 1 State of Texas, a total ta~c of $0.8989 on each $100 of assessed valuation on all said property which said total tax herein so levied shall consist and be comprised of the following components: a) An ad valorem t~ rate of $0.56195 on each $100 of assessed valuation of said taxable property is hereby levied for general city purposes and to pay the current operating expenses of said City of Wylie, Texas, for the fiscal year ending September 30, 2009, which tax, when collected shall be appropriated to and for the credit of the General Fund of said City of Wylie, Texas. b) An ad valorem ta~c rate of $0.33695 on each $100 of assessed valuation of said taxable property is hereby levied for the purpose of creating an Interest and Sinking Fund with which to pay the interest and principal of the valid bonded indebtedness, and related fees of the City of Wylie, now outstanding and such tax when collected shall be appropriated and deposited in and to the credit of the General Debt Service Fund of the City of Wylie, Texas, for the fiscal year ending September 30, 2009. Section 2. The City of Wylie shall have a lien on all ta~cable property located in the City of Wylie to secure the payment of ta~ces, penalty and interest, and all costs of collection, assessed and levied hereby. Section 3. Taxes are payable in McKinney, Texas, at the Office of the Tax-Assessor Collector of Collin County. The City shall have available all the rights and remedies provided by law for the enforcement of the collection of taxes levied under this ordinance. Section 4. That the tax roll presented to the City Council, together with any supplements thereto, be and same are hereby accepted and approved. Section 5. Should any paragraph, sentence, sub-division, clause, phrase or section of this ordinance be adjudged or held to be unconstitutional, illegal, or invalid, the same shall not affect the validity of this ordinance as a whole or any part or provision thereof, other than the part or parts as declared to be invalid, illegal, or unconstitutional. Section 6. This ordinance shall be in full force and effect from and after its adoption by the City Council and publication of its caption as the law and the City Charter provide in such cases. Section 7. That all other ordinances and code provisions in conflict herewith are hereby repealed to the extent of any such conflict or inconsistency and all other provisions of the Wylie City Code not in conflict herewith shall remain in full force and effect. Section 8. The repeal of any ordinance, or parts thereof, by the enactment of this Ordinance, shall not be construed as abandoning any action now pending under or by virtue of such ordinance; nor shall it have the effect of discontinuing, abating, modifying or altering any penalty accruing or to accrue, nor as affecting any rights of the municipality under any section or provision of any ordinances at the time of passage of this ordinance. Ordinance 2008-42 Approval of Tax Rate Year 2008 and Budget Year FY2008-2009 2 DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, on this the 9th day of September, 2008. ; Eric Hogue, M o ```a`,` ,~`I l f~f l l i i,~'''''i ATTEST: ~ `~~~Y :'V~~' o ~ - ~ ~ ~ = . ~ _ : ; Q Caro e Ehrlich, ty cretary !y'w°=~a.~~~°''P 5.~~~ ~''~.,y~ ~ E, T~XP.```~ ~~~rr~i~ii~~~~e. Date of Publication in The Wvlie News - September 17, 2008 Ordinance 2008-42 Approval of Ta~c Rate Year 2008 and Budget Year FY2008-2009 3 CS~S Media, Inc. 2~:;e ~'armersb~lle ~ime~ • A~ur~~l~y Alonitor • The Princeton Herald • The SaChse NeWS •'fHE WYLIF NEWS ~ ~ STATE OF TEXAS ~ I ~,r' ~1 COUNTY OF COLLIN Before me, the undersigned authority, on this day personally appeared Chad Engbrock, publisher of The Wylie News, a newspaper regularly published in Collin County, Texas and having general circulation in Collin County, Texas, who being by me duly sworn, deposed and says that the foregoing attached Ordinance No. 2008-41 and 2008-42 was published in said newspaper on the following dates, to-wit: September 17, 2008. Chad Engbrock, Publisher Subscribed and sworn bef'ore me on this, the , ~ day of , 2008 to certify which witness my hand and seal of office. , ; Notary Publi n nd for The State of Texas My commission expires ~ ~ ~ ~.<ffi z . . F ~ @: §xa~ ~ cb~ ~ ~ ~ ~Y Y `~t, Sonla A Dupgan 0 C T 0 3 2 Q 0 3 y b?~ com~,+on ~~rea ~ ,,'~~{,r 09/Oy2012 x ~ ,+n~~ ~ & ~ .~4~ ~ . ~~~~~s. . ~r Murphy/Sachse/Wylie Office • I 10 N. Ballard • P.O. Box 369 • Wylie, TX 75098 • 972-442-5515 • fax 972-442-4318 Farmersville/Princeton Office • 101 S. Main • P.O. Box 512 • Farmersville, TX 75442 • 972-784-6397 • f~ 972-782-7(723 pRDINANCE N0. 2008-42 AN ORDINANCE FIXING THE TAX RATE AND LEVY FOR THE CITY OF WYLIE, TEXAS, UPON ALL TAX- A'SLE PROPERTY IN~ THE CITY OF WYLIE, TEXAS, FOR THE PURPOSE OF PAYING THE CUR- RENT EXPENSES OF THE CITY FOR THE FISCAL YEAR END- ING SEPTEMBER 30, 2009, AND FOR THE FURTHER PURPOSE OF CREATING A SINKING FUND TO RETIRE THE PRIN- CIPAL AND INTER- EST OF THE BOND- ED INDEBTEDNESS OF THE CITY; PRO- VIDING FOR A LIEN ON ALL REAL AND PERSONAL PROP- ERTY TO SECURE PAYMENT • OF TAXES DUE THERE~ ON; CONTAII~TING A 5EVERABILITY CLAUSE; 1~EPEAL- INC'z. ALL ORDI- NANCES AND PARTS THEREQF IN CONFLICT HERE- WIT~-I; AAID PRO- VIDING FOR AN ~FFECTT'~ ~ATE. ~ / THIS T'AX RATE WILL RAISE MORE TAX~~. F4R- MA~IN- TENANCE AND OPERATIONS '£~AN b;~A?~T _YEAR'S TAX RATE. THE TAX RATE WILL RAISE TAXES FOR MAIN- TENANCE AND OPERA'FIONS ON A ~ $I00,000 HOM~ BY APPROXIMATELY $0.00. ~ . Eric Hogue, Mayor ATTF.ST: Cazole Ehrlich, City Secretary 18-1t-339-661i