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ORD 993 09/13/2011 °f C,6 �III11111tNNlH/Hi� ° ': r ° \"*-,,Hnmmmnl a"11 7%ex1 "City of Choice" ORDINANCE NO. 9 9 3 AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF CIBOLO, GUADALUPE COUNTY, TEXAS, LEVYING A TAX RATE FOR THE TAX YEAR 2011 WHEREAS, an effective tax rate was calculated by the Tax Assessor/Collector of Guadalupe County and publication requirements were accomplished in accordance with Chapter 26 of the Texas Property Tax Code; WHEREAS, public hearings on the tax rate were held on August 23, 2011 and August 31, 2011 after due and proper notice of said hearings having been given in accordance with Chapter 26 of the Texas Property Tax Code. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CIBOLO,TEXAS: We, the City Council of the City of Cibolo, do hereby levy and adopt the tax rate per $100 valuation for this city for tax year 2011 as follows: $ 0.2585 for the purposes of Maintenance and Operation $ 0.1671 for the payment of Principal and Interest on the Debt of this city $ 0.4256 Total Tax Rate THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATION THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 0.58 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $1.50. This ordinance shall take effect on the First day of October, 2011. PASSED AND APPROVED AND ADOPTED THIS 13TH DAY OF SEPTEMBER,2011. APPROVED: ft04..- NA-4/7 - J fifer Ha an Mayor ATTEST: 2_,... - - - J �94 � & Peggy Cimics City Secretary