Ord. 1226 09-19-05ORDINANCE NO. 1226
AN ORDINANCE LEVYING TAXES FOR THE USE AND SUPPORT OF THE
MUNICIPAL GOVERNMENT OF THE CITY OF PEARLAND, TEXAS, AND
PROVIDING FOR THE INTEREST AND SINKING FUND OF THE TAXABLE
YEAR 2005, AND APPORTIONING EACH LEVY FOR THE SPECIFIC
PURPOSE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That there is hereby levied and there shall be collected for the use
and support of the Municipal Government of the City of Pearland, Texas, and to
provide Interest and Sinking Fund for the Year Two Thousand Four upon all property,
real, personal, and mixed within the corporate limits of said City subject to taxation, a
tax of $0.674400 on each One Hundred Dollars ($100.00) valuation of property, said
tax being so levied and apportioned to the specific purpose herein set forth:
(1) For the maintenance and support of the General Government (General
Fund), the sum of $0.34548 on each $100 valuation of property, and
For the Interest and Sinking Fund, the sum of $0.32892 apportioned as
follows:
Series
Certificates of Obligation 1997A
Refunding Bonds 2000
Certificates of Obligation 2001
Refunding TIRZ Obligation 2001
Certificates of Obligation 2002
Certificates of Obligation 2003
Permanent Improvement Bonds 2003
MUD Reimbursements
Certificates of Obligation 2004
Refunding Bonds 2005
Section 2. All monies collected under this ordinance for the specific items
ORDINANCE NO. 1226
therein named, be and the same are hereby appropriated and set apart for the specific
purpose indicated in each item and that the Assessor and Collector of Taxes, the
Director of Finance, and the City Manager shall so keep these accounts as to readily
and distinctly show the amount collected, the amounts expended, and the amount on
hand at any time belonging to such funds. It is hereby made the duty of the
Tax Assessor and Collector of Taxes and every person collecting money for the City of
Pearland to deliver to the Director of Finance and the City Manager, at the time of
depositing of any monies, a statement showing to what fund such deposit should be
made, and from what source received. All receipts for the City not specifically
apportioned by this ordinance are hereby made payable to the General Fund of the
City.
Section 3. THIS TAX RATE WILL RAISE MORE TAXES FOR
MAINTENANCE AND OPERATIONS THAN LAST YEARS TAX RATE. THE
TAX RATE WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS
ON A $100,000 HOME BY APPROXIMATELY $6.58.
Section 4. The City Council hereby declares that a public emergency exists for
levying of taxes for the use and support of Municipal Government; therefore this Ordinance
shall be passed finally on its first and only reading and shall take effect immediately upon
its passage and approval by the City Council.
Section 5. That this ordinance shall take effect and be in force from and after
2
ORDINANCE NO. 1226
its passage on second and final reading.
PASSED and APPROVED ON FIRST READING this the l2th day of
September , A.D., 2005.
TOM REID
MAYOR
ATTEST:
�.Ai� i�,<.__di-.
•UNG/L'• F G,/ ,,
Y S ` RETAR
PASSED and APPROVED ON SECOND AND FINAL READING this the l9th day
of September , A. D., 2005.
ATTEST:
NG,%.'�I,G,?''
Y S' RETARY
APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY
3
)61J7
OM REID
MAYOR
AFFIDAVIT OF PUBLICATION
The Pearland Reporter News .
2404 South Park
Pearland, Texas 77581
State of Texas
Brazoria and Harris Counties
I,. Lloyd Morrow, hereby certify that the notice hereby appended was published
in THE REPORTER NEWS, a newspaper of general circulation in Brazoria, Harris
and Galveston Counties, for . / issues, as follows:
No: / Date 8- / 7 a. 20 KC -
No • Date 20
No Date 20
No. .Date 20
No. Date 20
Subscribe and sworn to before me this J�
a L,tiUr?, ANN EINWIONS
Notar, ;public, State of Texas
�9TEOpici Commission Expires 09-09-2006
day of
Laura"nn Emmons, Publisher
Notary Public, State of Texas
DaPQ , / 2 z.4
CORRECTED
2005 Property Tax Rates in CITY OF PEARLAND
This notice concerns -2005- property tax- rates -for -CITY OF -PEARLAND. It presents
information about three tax rates. Last year's tax rate is the actual rate the taxing unit used
to determine property taxes last year. This year's effective tax rate would impose the same ,
total taxes as last year if you compare properties taxed in both years. This year's rollback
tax rate is the highest tax rate the taxing unit can set before taxpayers can start tax rollback
procedures. In each case these rates are found by dividing the total amount of taxes by the
tax base (the total value of taxable property) with adjustments as required by state law. The
rates are given per $100 of property value.
Last year's tax rate:
Last year's operating taxes
Last year's debt taxes -
Last year's total taxes
Last year's tax base
Last year's total tax rate
This year's effective tax rate:
Last year's adjusted taxes
(after subtracting taxes on lost property)
This year's adjusted tax base
(after subtracting value of new property)
= This year's effective tax rate '
(Maximum rate unless unit publishes notices and holds
This year's rollback tax rate:
Last year's adjusted operating taxes (after
subtracting taxes on lost property and adjusting for
any transferred function, tax increment financing,
and/or enhanced indigent health care expenditures)
This year's adjusted tax base
= This year's effective operating rate
x 1.08 = this year's maximum operating rate
+ This year's debt rate
This year's total rollback rate
510,235,711
510,747,551
520,983,262
$3,020,239,077
0.694755 /5100
519,495,977
52,973,266,274
0.655709 /5100
hearings.)
59,51
52,973,266,274
0.319894 /8100
0.345485 /5100
0.328920 /S 100
0.674405 /S 100
•
Statement of Increase/Decrease
If CITY OF PEARLAND adopts a 2005 tax rate equal to the effective tax rate of
$0.655709 per$100 of value, taxes would increase compared to,2004 taxes by $856,122.
Schedule A - Unencumbered Fund Balances
The following estimated balances will be left in the unit's property tax accounts at the end
of the fiscal year. These balances are not encumbered by a corresponding debt obligation.
Type of Property Tax Fund
Maintenance & Operations
Interest & Sinking
Balance
$8,232,855
53,025,520
Schedule B - 2005 Debt Service
The unit plans to pay the following amounts for long-term debts that are secured by
property taxes. These amounts will be paid from property tax revenues (or additional sales
tax revenues, if applicable).
Principal or
Contract Payment
Description • to be Paid from
of Debt Property Taxes •
Interest to be
Paid from
Property
Taxes
Ottme
Amounts
to be Paid
Total
Payment
Series 1997-2005 82,850,000
MUD Rebate $1,817,740
Total Required for 2005 Debt Service
- Amount (if any) paid from funds listed in Schedule A
- Amount (if any) paid from other resources
- Excess collections last year
= Total to be paid from taxes in 2005
+ Amount added in anticipation that tho unit will
collect.only 100.00% of its taxes in 2005
= Total Debt Levy
This notice contains'a summary of actual effective -and rollback tax rates' calculations.
inspect a copy of the full calculations at 451 N Velasco Angleton, Texas.
Name of person preparing this notice: Ro'Vin Garrett, RTA
Title: Tax Assessor -Collector
ate Preoared: August 15. 2005
$6,279,800 $7,653
SO . $O
$9,137,453
,S 1,817,740'
510,955,193
S0
$0
SO
$10,955,193
$O
510,955,193
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