HomeMy WebLinkAboutRES 1986-038 RESOLUTION NO. 86-38
A RESOLUTION PASSED PURSUANT TO SECTION
26 . 05 AND SECTION 26 . 06 OF THE PROPERTY
TAX CODE OF THE STATE OF TEXAS, APPROV-
ING A PROPOSAL TO INCREASE PROPERTY
TAXES; CALLING A PUBLIC HEARING; DIRECT-
ING THAT NOTICE BE GIVEN IN ACCORDANCE
�" WITH THE PROPERTY TAX CODE; AND PROVID-
ING AN EFFECTIVE DATE
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WHEREAS, the Finance Director of the City of Grapevine,
Texas, (the "City") has determined the amount of property taxes
calculated 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 (d) of the Property Tax
Code the Finance Director for the City has calculated the tax
rate that if applied to the total taxable value of all property
less the taxable value of new property submitted to the governing
body by the assessor for the City would impose the said amount of
property taxes; and
WHEREAS, pursuant to Section 26. 04 (e) of the Property Tax
Code the Finance Director for the City has submitted the said tax
calculations used to determine the said tax rate, and the esti-
mated amounts required to be published in a manner designed to
come to the attention of all owners of property in the City; and
WHEREAS, it appears necessary to increase the tax rate, as
that term is defined and authorized to be calculated by Section
'" 26 . 04 (d) of the Property Tax Code by a maximum of 40 . 5 $ over
the 1985 tax rate .
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF GRAPEVINE, TEXAS :
Section l . That all of the matters contained in the pre-
amble 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 ap-
proval of this resolution state its intention to increase the tax
rate calculated pursuant to Section 26 . 04 (d) of the Property Tax
Code for 1986 by a maximum of 40 . 5 � over the 1985 tax rate.
Section 3 . That a public hearing on this proposed increase
will be held on the 2nd day of September, 1986 at 6 : 30 p.m. in
the City Hall of the City of Grapevine, 413 Main Street, Grape-
vine, Texas, which date shall not be earlier than seven days
after the date the notice of the public hearing on the proposed
increase is given.
��' Section 4 . That the City Secretary is directed to publish a
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.
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 19th day of August, 1986.
APPROVED:
Mayor
ATTEST:
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Cit Secretary
APPROVED AS TO FORM:
City Attorney
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