O238CITY of I ENNEDALE
ORDINANCE No, 2
AN ORDINANCE FI AND LEWING MUNICIPAL AD VALORE
TARES FOR THE CITY of KENNEHALE, TEXAS, F OR THE YEAR
2 0 02 , DIRECTING THE ASSESSMENT AND COLLECTION THEREOF;
PROVIDING A SEVERAIRILITY CLAUSE; AND AN EFFECTIVE DATE
CLAUSE+
E IT, THEREFORE, ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ENNEDALE, TEXAS
SECTION 1t For the current expense of the City of Kennedale and for the general
improvements of'the City and its property, there is hereby levied and ordered to be assessed and
collected for the year of 2002 on all property situated within the corporate limits of the City limits
of the City of Kennedate, and not exempt from taxation by valid laws, an ad valorem tax rate of
$ 0.712 5 00 cents on the One Hundred ($100.00) Hallars valuation of such property.,
$0,617235 For the purpose of maintenance and operation.
$0.095265 For the purpose of interest and sinking.
$0.712500 Total tax rate
SECTION 2 , That the taxes herein are levied according to law and shall be due and
payable on October 1, 2002, and the same shall become delinquent. on February 1, 2003, Should
any taxpayer fail to make payment before the date of delinquency, the penalty as provided by law
shall be assessed until the unpaid taxes and penalty have been satisfied.
SEC'T'ION 3. In the event any section, sub - section, clause, sentence, or phrase of this
ordinance shall be declared or adjudged invalid or unconstitutional, such adjudication shall in no
means affect any other section, sub- section, clause sentence, or phrase of this ordinance, but all
the rest thereof shall be in full force and effect Just as though the section, sub - section, sentence,
clause or phrase so declared or adjudged invalids or unconstitutional was not originally a part
thereof.
SECTION 4. This ordinance shall be in full Force and effect from and after its passage
and publication as provided by law.
PASSED AND APPROVED IN OPEN SESSION OF THE CITY COUNCIL OF
THE CITY OF KENNEDALE, TEXAS on the 12 day of September, 200
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APPROVED:
Mayor Mark S. Wrigh
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' r m This - notice 'concerns 2002 property tax rates for City 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 Fate would impose the same total : taxes as last yap if youomafe pz'opertles - taxed in both years. This year's -
rollback : tax F is the highest tax rate the taxing unit oan set before taxpayers ca start tax rollback proce - Xrt
cash case these rates are found by dividing the total amount of taxes by the tax base (the total value of taxable
with ad' ustments as required b. state laiv. The rags are per r $100 of 'prop era value.
p roperty) .l �' � p.'. p P y ,
Last year's -tax rate: ;
Last dear's operating taxes 1,5I'a,664 ,
Last gear's debt. taxes = '. $294,094
Last year's total taxe
$1,807,'758
Fast yeas' } s tax base $261 ,045,087
Last year's total tax rate 0.6925001$100
This year's effective tax -rate;
Last year's adjusted taxes
(after subt.'actrng•taxes oti lost - property) $1,4,
1
This year's adjusted base
(after subtmaeting valve of neW pr`operty) , , $282,09$,042
= This year 's effective tax rate 0. 63 975 7$106•• .
x 1.03 ^ maximum. rate unless unit
publishes notices and holds hearing 0-658942-
This year rollback tax rate:
Last year adjusted opexating taxes (after subtracting take's $1,845,505
on lost and adjusting for an • transferred function, ' tax increment -
financing, an%r ,enhanced indi gent health care expenditures)'
1
This }ear's adjusted tax base '$282,098;042
' eratin • rate 0.654207 /$100
This year's effective operating _ _ •
x T this y 0106543 7$100 '
ye ar's max i m u � operating rate
+ This Year's debt rate 0.0952651$100
This year's rollback rate 0.801W8 /$100
-
Sales-tax adjiisirnent - rate 0_114703 P$100
Rollback. tax Fate 0,687105 /$1 00
Statement -of Iacreasecrease
If City of Kennedale 'adapts a 2002 tax rate equal to the effective tax rate of $0.639'750 per $100 of value,
taxes would increase compared to - 2001 taxe8 by $76, 191.
chednl0, A* 'Unencumbered Fund Balances
The - fol lowing estimated balances will be left in the unit's property tax accounts at the end of the fiscal yeas'.
These balances are not encumbered a corresponding debt obligation.
Type of Pru a �y Tax Fu Balance
G eneral Fund $91 O
Debt
ervice Fund $19A22
Sefiedule R, 2002 Debt Service f .
The unit plans to pay the following amounts for long -term debts that are secured by.lirp taxes.
These amounts wil l be paid from property, tax revenues (or additional sales tax re Wnues , if applicable) ti
4
• Principal or • -Int -erect to
t
Contract Payment . P aid fi-om Other
- Description to he Paid from Property • Amounts 'Total
of Iht Pro era Ta Faxes to be Paid Payment
�" 15 000 $825 $�
•1965 60
•4r 7 . '
19 CO $19,000 $3,809. '$O $22 809 -
- $
1998 a $1 45 , 933
R adio Equipment $42 } 986 $3 $0 $45,956
1999 QUINT $ 23x184 $21,804 . $0 . $44,985
FTf T'IRUCI
Agent pipes $0 $0 $5,000
Total required for 2002 debt servic.e 280,541
= Amount (if any) paid from fund§ listed in Schedule A. $0
r ;
Excess collections last year $0
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.� Tota1 to be paid from taxes in 200
V 541
+ Amount added in anticipation that the unit will - r
collect only 100.00% of its taxes in 2002 $0 �
Totem debt leery
r' Sebedal 0 Expected Revenue from Additional Sales Tax
In caleulating its effective acid rollback tax rates, the unit estimated that it. will receive
$313,00G.00 in .additional sales and use tax revenues.
This notice contains a summary pf actual effective and rollback tax rates' calculations. -
ou c,a insp cot a copy of the }full calculations at KeDnedale City a1] City Secretary } s Office, -
405 Municipal Drive, Kenf.ed'ale, Teas. .
- lame of person preparing this nofice: Ida iy
Tide: City secretary :
Date prepare& July. 31, 200
Star - Telegram
400 W, 7th Street
FORT WQRTH, TX 76102
(817)390-7761
Federal Tax III 22-3148254
BiR To:
CITY OF KENNEDALE
405 MUNICIPAL DR
ENNEDALLE, TX 76060
FAr
I I iNk!01w_TDt �Hl I -
9/6/02
Net due in 21 days
9/30/02
Customer III: CIT33
Invoice umber; 5835951
Invoice Date:
*MIJ
073
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