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<br /> ~:p ~E~ TAXPAYERS <br /> 1982 of 1983 <br /> Taxable Net Taxable <br /> Assessed Assessed <br /> , ~ ~ axoayer 'iabre of ?r'o.'el'ty Valuation Jaluation <br /> .arne OT <br /> Butler Manufacturing Co. '.1etal Bui1ciing ~1fg. S 7,697,535 2,03 <br /> Springtown Center Shopping Center 6,512,100 1.72' <br /> Boraeaux Apartments Apartments & Rentals 6,219,510 ì ,64'; <br /> Wide-Lite Corporation Illumination Mfg. 6,018,790 ì ,59:( <br /> H,Y, Price Enterprises Telephone Utility 4,943,756 1.30% <br /> JOhn J, Stokes Construction Co. Commerci a 1 4,935,305 ì ,30% <br /> First National Bank of <br /> San r'1arcos F:ank 3,325,000 1. 01 <br /> International Electric Electric Generator <br /> Corporation Mfg. 3,501,050 .92% <br /> State Bank & Trust Bank 3,033,885 ,80:( <br /> Shalimar Apartments Apartments 2,810,450 ,74% <br /> $49,497,381 13.05% <br /> ANTICIPATED ISSUANCE OF GENERAL OBLIGATION BONDS <br /> The City Council is contemplating adding some general purpose improvements to the revenue <br /> bond election in April 1934, The projects and their estimated costs have not been deter- <br /> mined at this time. <br /> CO~DUTATION OF SELF-SUPPORTING DEBT <br /> Net Revenue from Waterworks and Sewer System, Fiscal Year Ended 9-30-83 ---------- 51,248,570 <br /> Less: Average Annual Requirements for Outstanding Revenue Bonds, <br /> including these certificates ---------------------------------------------- 224,593 <br /> Balance Available for Other Purposes --------------------------------------------- $1,023,077 <br /> Average Annual Requirements for Combination Tax and Waterworks and Sewer <br /> System Revenue Certificates of Obligation --------------------------------- $ 182,627 <br /> Balance -------------------------------------------------------------------------- $ 841,350 <br /> Percentage of Combination Tax and Waterworks and Sewer System Revenue <br /> Certificates of Obligation ------------------------------------------------ 1 00. 00% <br /> PENSION PLAN <br /> All eligible employees of the City are members of the Texas Municipal Retirement System. The <br /> members contribute 5% of their salaries and the City contributes a variable percentage <br /> (currently 8%) of these salaries. The City's policy is to pay all pension plan costs as they <br /> are accrued. The contribution rate is not subject to annual adjustment as a result of actu- <br /> arial valuations. The total amount paid to the System in the year ended September 30, 1983, <br /> was approximately 5156,000. <br /> -23- <br />