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HomeMy WebLinkAboutOrd. 0524 09-22-1986BUDGET CITY OF PEARLAND ORDINANCE NO. 524 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 1986 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 Nineteen Hundred and Eighty -Six upon all property, real, personal, and mixed within the corporate limits of said City subject to taxation, a tax of seventy cents (70) on each One Hundred Dollars ($100.00) valuation of property, said tax being so levied and apportioned to the specific purposes herein set forth: Series (1) For the maintenance and support of the General Government (General Fund), the sum of $0.246 on each $100 valuation of property, and (2) For the Interest and Sinking Fund, the sum of $0.454 apportioned as follows: Waterworks and Sewer System Imp. U/L Tax Bonds 1961 Water and Sewer System Improvements Bonds 1964 General Obligation Bonds, Waterworks and Sewer System Improvement Bonds 1966 General Obligation Bonds, Municipal Building Bonds, Waterworks and Sanitary Sewer Bonds 1968 General Obligation Bonds, Sanitary Sewer, Parkland Acquistion, Waterworks, and Solid Waste Disposal Facilities Bonds 1975 Certificate of Obligation 1976 A Certificate of Obligation - Swimming Pool 1978 Certificate of Obligation - City Service Center 1978 A General Obligation Bonds 1978 Waterworks System - Certificate of Obligation 1980 Waterworks System - Certificate of Obligation 1981 Refunding Bonds (1982 & 1984) 1985 Improvement Bonds 1986 1986. BUDGET CITY OF PEARLAND PASSED AND APPROVED on SECOND AND FINAL READING this ,22_day of ATTEST: 71 Cit Secretary Page 3 Mayor, City of Pearland, Texas -23-