HomeMy WebLinkAboutRES 1992-027 RESOLUTION NO. 92_27
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY
� OF GRAPEVINE, TEXAS PASSED PURSUANT TO
SECTION 26. 04, SECTION 26.05 AND SECTION 26. 06
OF THE PROPERTY TAX CODE OF THE STATE OF
TEXAS, APPROVING A PROPOSAL TO INCREASE
PROPERTY TAXES; CALLING A PUBLIC HEARING;
DIRECTING THAT NOTICE BE GIVEN IN ACCORDANCE
WITH THE PROPERTY TAX CODE AND PROVIDING AN
EFFECTIVE DATE
WHEREAS, the Finance Director of the City of Grapevine, Texas
(the "City") , has calculated the amount of the effective tax rate
and the rollback tax rate pursuant to Section 26. 04 (c) of the
Property Tax Code of the State of Texas (the "Property Tax Code") ;
and
WHEREAS, pursuant to Section 26. 04 (e) of the Property Tax
Code, the Finance Director of the City has submitted the said tax
rates to the City Council and has published in a newspaper in the
form prescribed by the State Property Tax Board the effective and
rollback tax rates, the calculations used to determine the said tax
�w, rates, and the estimated amounts of fund balances, and a schedule
of the unit's debt obligations required to be published; and
�� WHEREAS, it appears necessary to adopt a tax rate that is
three and eighty-seven one hundredths percent (3 .87�) over the
effective tax rate.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS:
Section 1. That all of the matters contained in the preamble
are found to be true and correct and are incorporated herein as if
copied in their entirety.
Section 2 . That the City Council does hereby, by the approval
of this resolution, state its intention to adopt a tax rate that
will be a maximum of three and eighty-seven one hundredths percent
(3 .87�) over the effective tax rate.
Section 3. That in order to comply with Section 26. 05 (c) of
the Property Tax Code, a public hearing on this proposed increase
will be held on the lst day of September, 1992 at 7:00 p.m. in the
�,,, Council Chambers, Municipal Court Room #205, 307 West Dallas Road,
Grapevine, Texas, which date shall not be earlier than seven (7)
days after the date the notice of the public hearing on the
proposed increase is given.
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Section 4. That the City Secretary is directed to publish a
� 9 notice of this hearing in the official city newspaper at least
seven days prior to the date of the public hearing in accordance
with Section 26.06 of the Property Tax Code.
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Section 5. That this resolution shall take effect from and
after the date of its passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 18th day of Auciust , 1992 .
APPROVED:
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William D. Tate
Mayor
ATTEST:
A,,,:4 -
Lin Huff
'�+ City Secretary
APPROVED AS TO FORM:
John F. Boyle, Jr.
City Attorney
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