HomeMy WebLinkAboutRES 1988-032 RESOLUTION NO. 88-32
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 for 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 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
twelve and ninety-seven one-hundredths percent (12. 97�) 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 twelve and ninety-seven
one-hundredths percent (12. 97�) 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
f will be held on the 6th day of September, 1988 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.
r is directed to ublish a
he Cit Secreta P
4 That t Y
Section Y
` .
' notice of this hearing in the official city newspaper at least
� seven (7) days prior to the date of the public hearing in
�...�
accordance with Section 26 . 06 of the Property Tax Co e.
(
i Section 5 . That this resolution shall take effect from and
�� after its passage.
� PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
` GRAPEVINE, TEXAS on this the 16th day of Aur,,�.ust � 1988.
I
, APPROVED:
� �
E �i�������/'�--
� Mayor
f
l
� _ .
ATTEST:
,J
City ecretary
APPROVED AS TO FORM:
� �
' "$ City Attorney
,��;�
�,�
�
i
i
i
I
�
� .���
f
� �.�
�
�
f
�
I
i
��
!
I
�