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<br />CITY OF LA PORTE ~ <br /> <br />e <br /> <br />NOTICE OF CALCULATION OF EFFECTIVE TAX RATE, ESTIMATED <br />UNENCUMBERED FUND BALANCES, AND DEBT SCHEDULE <br /> <br />I, Charlene Campbell, Tax Assessor/Collector for City of La Porte, <br />in accordance with Sec. 26.04, Property Tax Code, have calculated <br />$ .7872 per $100 of value as the tax rate which may not be exceed- <br />ed by more than three percent by the governing body of the City of <br />La Porte without holding a public hearing as required by the code. <br /> <br />The estimated unencumbered fund balance for Maintenance & Oper- <br />ation fund: $i,i64,14q. <br />The estimated unencumbered fund balance for Interest & Sinking <br />fund: $qiO,Oqi <br /> <br />The following schedule lists debt obligations that 1985 property <br />taxes will pay: <br /> <br />General Obligation Bond and Revenue Bond Retirement Summary <br />Fiscal Year Budget 1985-1986 <br /> <br />ISSUE <br /> <br />*1956 WATER DISTRICT BONDS <br />*1962 WATER DISTRICT BONDS <br />*1963 WATER DISTRICT BONDS <br />1965 GENERAL OBLIGATION BONDS <br />@1968 GENERAL OBLIGATION BONDS <br />*1970 WATER DISTRICT BONDS <br />@1970 GENERAL OBLIGATION BONDS <br />*1970 WATER DISTRICT BONDS <br />*1971 GENERAL OBLIGATION BONDS <br />!1973 GENERAL OBLIGATION BONDS <br />1979 GENERAL OBLIGATION BONDS <br />+1979 GENERAL OBLIGATION BONDS <br />1980 GENERAL OBLIGATION BONDS <br />1980 CERTIFICATE OF OBLIGATION BONDS <br />1984 WATER/WASTEWATER BONDS-COLLEGE VIEW <br />ESTIMATED 1985 GENERAL OBLIGATION BONDS <br />ESTIMATED 1985 REVENUE BONDS <br />NOTES PAYABLE <br /> <br />TOTAL AMOUNT <br /> <br />REOUIREMENT <br /> <br />$ 29,080 <br />29,000 <br />13,000 <br />50,925 <br />63,300 <br />11,950 <br />60,975 <br />3,600 <br />12, 100 <br />52,350 <br />150,100 <br />22,600 <br />393,937 <br />114,100 <br />443,250 <br />700,000 <br />885,000 <br />~9Q.9. <br /> <br />$3,184,176 <br /> <br />*ASSUMED BY CITY OF LA PORTE IN FAIRMONT PARK ANNEXATION. <br />!ASSUMED BY CITY OF LA PORTE IN LOMAX ANNEXATION. <br />@ASSUMED BY CITY OF LA PORTE IN COLLEGE VIEW ANNEXATION. <br />+ASSUMED BY CITY OF LA PORTE IN SPENWICK ANNEXATION. <br /> <br />I. DATA <br /> 1. <br /> 2. <br /> 3. <br /> 4. <br /> 5. <br /> 6. <br /> 7 . <br /> 8. <br /> 9. <br /> <br />CALCULATIONS USED TO DETERMINE EFFECTIVE TAX RATE <br /> <br />1984 Total tax levy from the 1984 tax roll...$ <br />1984 Tax rate ($.4921 M&O and $.2207 1&3)....$ <br />1984 Debt service (I&S) levy.................$ <br />1984 Maintenance & operation (M&O)...........$ <br />1984 M&O taxes on property in territory <br />that has ceased to be a part of unit in 1985.$ <br />1984 M&O taxes on property becoming exempt <br /> <br />in 1985...................................... $ <br /> <br />1984 M&O taxes on taxable value lost because <br />property is appraised at less than market <br /> <br />val ue in 1 985 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ <br /> <br />1985 Total taxable value of all property.....$ <br />1985 Taxable value of new improvements added <br /> <br />since Jan. 1, 1984........................... $ <br /> <br />5,864,034 <br />.7128/$100 <br />1,815,646 <br />4,048,388 <br /> <br />-0- <br /> <br />49,178 <br /> <br />42,838 <br />826,090,950 <br /> <br />34,055,373 <br />