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O90-07CITY OF KENNEDALE ORDINANCE NO. 90 -07 AN ORDINANCE LEVYING A TAX RATE FOR THE CITY OF KENNEDALE FOR THE TAX YEAR 1990. BE IT, THEREFORE, ORDAINED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS: We, the City Council of the City of Kennedale, Texas, do hereby levy or adopt the tax rate on $100.00 valuation for this city for tax year 1990 as follows: $0.36567 for the purpose of maintenance and operation $0.03423 for the purpose of interest and sinking on bonds $0.39990 total tax rate The tax assessor - collector is hereby authorized to assess and collect the taxes of the City of Kennedale employing the above tax rate. The above ordinance and order was unanimously passed by the City Council of the City of Kennedale, Texas this the 25th day of September, 1990. APPROVED: ayor, Steve Radakovich ATTEST: t City` Secretary CITY OF KENNEDALE ORDINANCE NO. 90 -07 AN ORDINANCE LEVYING A TAX RATE FOR THE CITY OF KENNEDALE FOR THE TAX YEAR 1990. BE IT, THEREFORE, ORDAINED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS: We, the City Council of the City of Kennedale, Texas, do hereby levy or adopt the tax rate on $100.00 valuation for this city for tax year 1990 as follows: $0.36567 for the purpose of maintenance and operation $0.03423 for the purpose of interest and sinking on bonds $0.39990 total tax rate The tax assessor - collector is hereby authorized to assess and collect the taxes of the City of Kennedale employing the above tax rate. The above ordinance and order was unanimously passed by the City Council of the City of Kennedale, Texas this the 25th day of September, 1990. APPROVE Mayor, Steve Radakovic ATTEST: City Secretary r x z � O H C) x x b7 >1 C H t7 a � � H tri (t (n (D (D O (t I h (D -U) o ' C) (D n C) (D 0 'd U) O z U) H H trJ z d H z G) ro x w r H n x r� H z (7) U) C) ' H H F'C O L O x Z z H tTJ C d r z H x1 x1 ti7 t� ro tij H L�TJ y� td dz b H C z G) tb tri 17 O w to c H x tri Ct) �x O Z O H U1 r� x G) H � (n txj H O H xx t17 Fjj O O r x z � O H C) x x b7 >1 C H t7 a � � H tri (t (n (D (D O (t I h (D -U) o ' C) (D n C) (D 0 'd U) O z U) H H trJ z d H z G) ro x w r H n x r� H z (7) U) C) ' H H F'C O L O x Z z H tTJ C d r B & B Publishing, Inc. 833 East Enon P.O. Box 40230 AFFIDAVIT OF PUBLICATION STATE OF TEXAS: COUNTY OF TARRANT: Everman, TX 76140 -0230 Phone (817) 478 -4661 Publishers Of: EVERMAN nM&S KRNNGDALR NLws FoRLST Hu.L NLws SOUTH COUNTY Nu ws CITY OF KENNEDALE BEFORE ME, the undersigned authority, on this day personally appeared JENNIFER CATHEY who having been duly sworn, says upon her oath: That she is the Circulation Manager of the Kennedale News which is a weekly newspaper published in Tarrant County, Texas with a general circulation in the City of KENNEDALE and that a copy of Unencumbered Funds which is attached to this affidavit, was published in said newspaper on the following date(s): to Wit August 9th EXECUTED THIS 30th Day of August, 1990 Jennifer Cathey SUBSCRIBED AND SWORN TO BEFORE ME THIS, THE 31st Day of August ,1990. 2� NOTARY PUBLIC TEXAS B & B Publishing, Inc. 833 East Enon AFFIDAVIT OF PUBLICATION STATE OF TEXAS: COUNTY OF TARRANT: P.O. Box 40230 Everman, TX 76140 -0230 Phone (817) 478 -4661 Publishers Of: EVERMAN TImEs Ki;NNRDALR Nu<ws FoRrsT Hi LL NRws .SOUTH COUNTY Ni;ws CITY OF KENNEDALE BEFORE ME, the undersigned authority, on this day personally appeared JENNIFER CATHEY who having been duly sworn, says upon her oath: That she is the Circulation Manager of the Kennedale News which is a weekly newspaper published in Tarrant County, Texas with a general C circulation in the City of KENNEDALE r , and that a copy of Effective Tax Rate which is attached to this affidavit, was published in said newspaper on the following date(s): to Wit August 9th EXECUTED THIS 30th Day of August, 1990 Jennifer Cathey SUBSCRIBED AND SWORN TO BEFORE ME THIS, THE 31st Day of August ,1990. NOTARY PUBLIC TEXAS B & B Publishing, Inc. 833 East Enon AFFIDAVIT OF PUBLICATION STATE OF TEXAS: P.O. Box 40230 Everman, TX 76140 -0230 Phone (817) 478 -4661 Publishers Of: EvERmAN Tins KENNEDALE NEws FOREST HILL NEws SOUTH COUNTY NEws CITY OF KENNEDALE BEFORE ME, the undersigned authority, on this day personally appeared JENNIFER CATHEY who having been duly sworn, says upon her oath: That she is the Circulation Manager of the KENNEDALE NEWS which is a weekly newspaper published in Tarrant County, Texas with a general C circulation in the city of KENNEDALE and that a copy of PUBLIC HEARIG ON TAXES which is attached to this affidavit, was published in said newspaper on the following date(s): to wit SEPTEMBER 6 1990 EXECUTED THIS 19th day of September, 1990 Jennifer Cathey SUBSCRIBED AND SWORN TO BEFORE ME THIS, THE 19th day of September, 1990. NOTARY PUBLIC TEXAS B & B Publishing, Inc. 833 East Enon AFFIDAVIT OF PUBLICATION STATE OF TEXAS: COUNTY OF TARRANT: P.O. Box 40230 Everman, TX 76140 -0230 Phone (817) 478 -4661 Publishers Of: EvERMAN nws KENNEDALE NEWS FOREST HH,L NEWS SOUTH COUNTY NEWS CITY OF KENNEDALE BEFORE ME, the undersigned authority, on this day personally appeared JENNIFER CATHEY who having been duly sworn, says upon her oath: That she is the Circulation Manager of the KENNEDALE NEWS which is a weekly newspaper published in Tarrant County, Texas with a general r circulation in the city of KENNEDALE and that a copy of VOTE ON TAX RATE which is attached to this affidavit, was published in said newspaper on the following date(s): to wit SEPTEMBER 20, 1990 EXECUTED THIS 20th day of September, 1990 Jennifer Cathey SUBSCRIBED AND SWORN TO BEFORE ME THIS, THE 20th day of September, 1990. NOTARY PUBLIC TEXAS Thursday, August 9, 1990 The "broad stripes and bright stars" Francis Scott Key wrote of in the Star Spangled Banner each numbered 15 for the original 13 states plus Vermont and Kentucky. 1990 Property Tax Rates in City of Kennedal This notice concerns _ 1990 property tax rates for Cit of Kennedale . 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 $ ____ 484,184 $ 44,505 $ 528.689 $ 147,884,881 $ .3575/$100 $ 526,120 $ 142,610,425 $ .368921/$100 (In the first year a city or county collects the additional sales tax it must insert the following lines unless it made its first adjustment last ye Sales tax adjustment rate $ /$100 Effective tax rate $ _ /$100 , . , w., rue umess umt puousnes notices and holds hearing This year's rollback tax rate: Last year's adjusted operating taxes (after subtracting taxes on lost property) 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 $ .379988/$100 $ _5 67,789 $1 42,610,425 $ .398139/$100 $ .429990/$100 $ .034230/$100 KY's 1990 All-Star to receive District Championship trophies. (Team Photo) 4 mi. East of 1-35 on Hwy. 1187 - 483-2299 Friday & Saturday Cover $3 Couple $2 Gents, $i Unescorted Ladies Wed., Aug 8 Fri. 9th - Sat 1 FREE COKE & COFFEE FOR D DRIVERS - UPE N Sun.-THURS. 4.12, FRI.-SAT. 4-2 $3.40 AUG. 13-19 Every Friday 5 PM - Closing Catfish - All You Can Bat $6.99 Dine-In (Seating For 50 People) ® Take-Out ® Drive-Thru Open Mon.-Thurs. 10-8, Fri.-Sat. 10-9, Closed Sun. T , 7- This year's rollback rate before adjustment $ 11100 Rate to recoup lost state funds $ /$100 A. Adjusted rollback rate $ /$100 13, Rate that would result in maximum state funds $ /$100 Rollback Rate (greater of A or B) $ Z$100 This year's rollback rate $ .46422Z$100 (A city or county that collects the additional sales tax (including one that collects the tax for the first' time this year) must insert the following lines, Sales tax adjustment rate .060197/$100 Rollback tax rate $ .404023/$100 SCHEDULE A: Unencumbered Fund Balances The following balances will probably be left in the unit's property tax accouills at the end or tile fiscal year. These balances are not encumbered by a corresponding debt obligation. Type or Property Tax Fund Balance General Obligation Interest & Sinking Fund $ 22,853 General Fund $590,000 SCHEDULE B: 1990 Debt Service The unit plans to pay the following a moun t s 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 Description Contract Payment Interest Other Aniounts Total of Debt to be Paid to be Paid to be Paid Payment 1960 GO Bond/Sewer 7,000 2,998 9,998 1962 Go Bond/Sewer 1,650 1,650 1964 GO Bond/Sewp-r 1,250 1,250 1965 GO Bond/Sewer 825 825 1973 GO Bond/W & S 25,000 9,375 34,375 Bond Handling Charges 800 800 TMAL $32,000 $16,098 $800 $48,898 Total required for 1990 debt service $48,898 - Amount (if any) paid from funds listed in Schedule A 000 - Excess collections last year 000 Total to be paid from taxes in 1990 $48,898 + Amount added in anticipation that the unit will collect only 9a_% of its taxes in 1990 998 Total Debt Service Levy $49,896 SCHEDULE C: Expected Revenue from Additional Sales Tax (For counties and cities with additional 1 /2 cent sales tax) In calculating its effective and rollback tax rates, the unit estimated that it will receive $83,333 in additional sales and use tax revenues. This notice contains a summary of actual effective and rollback tax rate calculations. You can inspect a copy of the full calculations al.2Q9 North Kennedale, Texas. Name of person preparing this notice Linda Jones Titl _. Tax Assessor/Collector, Date prepared July 30. 1990 NOTICE OF VOTE TAX RATE The City of Kennedale conducted a public hearing on a proposal to increase your property taxes by 9.5% percent on September 13, 1990 The Kennedale City Council is scheduled to vote on the tax rate at a public meeting to be held on September 25, 199 at 7:30 PM., in the Community Center located at 100 East Broadway street, Kennedale, Texas OMISSIONER iry Scott 4abers 1 11111 illill"lll 111111 ii �ih Tin A Gift to the AMERICAN CANCER SOCIETY �MEMORIAL PROGRAM goes a long way in cancer control. The proposed budget may be examined on weekdays at City Hall, 209 North New Hope Road, Kennedale, Texas between 8 a.m. and 5 p.m. All interested citizens will have the opportunity to give written or oral comments. #19