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ORD 911 09/14/2009 ORDINANCE NO. 911 AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF CIBOLO, GUADALUPE COUNTY, TEXAS, LEVYING AND ASSESSING ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THIS CITY FOR THE YEAR 2009-10. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CIBOLO, TEXAS... We the City Council of the Municipality of Cibolo do hereby levy and adopt the tax rate on $100 valuation for the City of Cibolo for the tax year 2009 (fiscal year 2009-10) as follows: $0.2592 for the Purpose of Maintenance and Operation $0.1508 for the Payment of Principal and Interest on the Debt of this City $0.4100 TOTAL ADOPTED TAX RATE THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 6.45 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $25.60. BE IT FURTHERMORE ORDAINED THAT, the City Council grants an exemption of$5,000 per qualified citizen within the corporate limits of the City of Cibolo. Qualified exemptions are: sixty-five years or older; disabled and disabled veteran. There are no discounts allowed for early payment. PASSED AND APPROVED AND ADOPTED THIS 14TH DAY OF SEPTEMBER, 2009. APPROVED: Cvtbvizvu .4rnifer I{Iartman Mayor lJ ATTEST: / -747 Peggy Cimics City Secretary