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ORD 694 09/27/2005 ORDINANCE NO. 6 9 4 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 2005-06. 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 2005 (fiscal year 2005-06) as follows: $0.2274 for the Purpose of Maintenance and Operation $0.0904 for the Payment of Principal and Interest on the Debt of this City $0.3178 TOTAL ADOPTED TAX RATE The tax rate will raise taxes for maintenance and operations on a $100,000 home by approximately $7.40. 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 27TH DAY OF SEPTEMBER, 2005. APPROVED: ,rayor J ery Sutton ATTEST: _Li Y • e Griffm, City Secre . 1