HomeMy WebLinkAboutORD 1989-062 ORDINANCE NO. 89-62
AN ORDINANCE OF THE CITY OF GRAPEVINE, TEXAS,
SETTING THE ANNUAL TAX RATE FOR FISCAL YEAR
1989-90 (FY90) ; LEVYING TAXES FOR THE FY90 TO
BE ASSESSED ON ALL TAXABLE PROPERTY WITHIN
THE LIMITS OF THE CITY OF GRAPEVINE, TEXAS;
PROVIDING PENALTIES AND INTEREST FOR THE
DELINQUENT TAXES; DECLARING AN EMERGENCY AND
PROVIDING AN EFFECTIVE DATE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE,
TEXAS:
Section 1 . That a tax rate is hereby levied upon all
taxable property in the City of Grapevine, Texas, for FY90 at a
rate of forty-two and seventy-five one-hundredths cents ($0. 4275)
per One Hundred Dollars ($100 . 00) valuation.
Section 2. That there shall be and there is hereby levied
the following taxes on each One Hundred Dollars ($100 . 00)
valuation on all taxable property within the City of Grapevine,
Texas, to be assessed and collected by the Tax Assessor/Collector
and collected for FY90, and said taxes are to be assessed and
collected for the purposes and in the amounts hereinafter
stipulated, to-wit:
A. For the General Fund, a tax rate of $0 .2933 is
levied.
B. For the Debt Service Fund, a tax rate of $0 . 1342 is
' levied.
��.�� Section 3 . Taxes levied by this ordinance shall be due and
payable on the first day of October, 1989, and shall become
delinquent on the first day of February, 1990 , if unpaid. Upon
taxes becoming delinquent, interest and penalty will be added as
required in Section 33 . 01 of the Texas Property Tax Code, and
shall commence on the first day of February, 1990 . The City of
Grapevine is hereby authorized to adopt any and all legal
remedies provided by the Texas Property Tax Code for the purpose
of collecting delinquent taxes.
Section 4 . The fact that the fiscal year begins on
October 1 , 1989 requires that this ordinance be effective upon
its passage and adopted to preserve the public peace, property,
health, and safety, and shall be in full force and effect from
and after its passage and adoption, and an emergency is hereby
declared.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 12th day of September , 1989 .
APPROVED:
V�rr
William D. Tate
Mayor
ATTEST:
Lin a Huff
City Secretary
APPROVED AS TO FORM:
�
John F. Boyle, Jr.
City Attorney
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