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2015-3603 <br /> ORDINANCE NO. <br /> • AN ORDINANCE LEVYING TAXES UPON TAXABLE PROPERTY LOCATED WITHIN AND <br /> SUBJECT TO TAXATION IN THE CITY OF LA PORTE, TEXAS; MAKING APPROPRIATIONS <br /> FOR SUPPORT, MAINTENANCE,AND IMPROVEMENT OF THE CITY GOVERNMENT OF SAID <br /> CITY OF LA PORTE; FINDING THAT ALL REQUIRED NOTICES HAVE BEEN PUBLISHED AND <br /> ALL REQUIRED HEARINGS HELD; CONTAINING A REPEALING CLAUSE; CONTAINING A <br /> SEVERABILITY CLAUSE; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND <br /> PROVIDING AN EFFECTIVE DATE HEREOF. <br /> BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE <br /> Section 1. That there is hereby levied for the fiscal year beginning October 1, 2015, and ending <br /> September 30, 2016, on all real property situated and all personal property owned within the taxable <br /> limits of the said City of La Porte, on the first day of January, 2015, except so much as may be <br /> exempt under the constitution and laws of the United States,this State, and the City of La Porte,the <br /> following taxes: <br /> (1) An Ad Valorem Tax of and at the rate of sixty and five tenths cents ($.605) on the <br /> one hundred dollars($100.00)cash value thereof,estimated in lawful currency of the <br /> United States for the current expenses for the support, maintenance, and <br /> improvement of the City Government of said City of La Porte; and <br /> (2) An Ad Valorem Tax of and at the rate of ten and five tenths cents ($.105) on the one <br /> hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the <br /> United States, to pay current interest on and provide one year's sinking fund and to <br /> • pay all of the Principal and Interest accruing on all outstanding general obligation <br /> bonds and certificates of obligation lawfully issued by the City of La Porte. <br /> i <br /> That this provides the sum of total Ad Valorem tax at the rate of seventy-one cents($.71)on the one <br /> hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United States. <br /> Section 2. All property upon which a rate of taxation is hereinabove levied shall be assessed on a <br /> ratio of one hundred percent (100%) of the estimated market value thereof. <br /> Section 3. That the sums hereinafter accruing and collected from the hereinabove taxes so levied <br /> be and the same are hereby appropriated for the support, maintenance, and improvement of the <br /> City Government of the City of La Porte. <br /> Section 4. The City Council officially finds, determines, recites and declares that all notices required <br /> by law have been published, and that a public hearing as required by law was duly called and held, <br /> and that all matters prerequisite to the establishment and levy of an ad valorem tax have been <br /> accomplished, all as required by the laws of the State of Texas, and the Home Rule Charter of the <br /> City of La Porte. <br /> Section 5. If any section, sentence, phrase, clause, or any part of any section, sentence, phrase, or <br /> clause, of this Ordinance shall, for any reason, be held invalid, such invalidity shall not affect the <br /> remaining portions of this Ordinance, and it is hereby declared to be the intention of this City <br /> Council to have passed each section, sentence, phrase, or clause, or part thereof, irrespective of <br /> the fact that any other section, sentence, phrase, or clause, or part thereof, may be declared invalid. <br /> • Section 6. All ordinances or parts of ordinances in conflict herewith are hereby repealed to the <br /> extent of such conflict only. <br />