Sep 24 2020 Item 20 Blue Aye

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September 24th, 2020 20Discussion of and action on an Ordinance of the City Council of the City of Helotes, Texas levying an ad valorem (property) tax rate for the Tax Year 2020 in the amount of $0.346524 cents per $100 valuation and directing the Bexar County Tax Assessor-Collector to assess, account for, and distribute the ad valorem (property) taxes as herein levied:

a. Adopt the ad valorem (property) tax rate for the Maintenance and Operations expenditures of the City of Helotes at $0.272646 cents per $100 valuation for the Tax Year beginning January 1, 2020 and ending December 31, 2020; and

b. Adopt the ad valorem (property) tax rate for the principal and interest payable on the Interest and Sinking (debt service) expenditures of the City of Helotes at $0.073878 cents per $100 valuation for the Tax Year beginning January 1, 2020 and ending December 31, 2020. (Staff)
Council Member Buys made the motion on Item No. 20(a), to levy and adopt an ad valorem (property) tax rate of $0.346524 cents per $100 valuation for Tax Year 2020 and that the rate be made up of $0.272646 cents for the Maintenance and Operations expenditures, providing for taxes to be due October 1, 2020 and shall become delinquent if not paid by January 31, 2021. Council Member Friedrichs seconded the motion.Aye