HomeMy WebLinkAboutORD 1997-100 �,:::., ORDINANCE NO. 97-�o0
�;;,� AN ORDINANCE OF THE CITY OF GRAPEVINE, TEXAS,
SETTING THE ANNUAL TAX RATE FOR TAX YEAR 1997;
LEVYING TAXES FOR THE TAX YEAR 1997 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 Tax Year 1997 and a rate of forty and fifty one-hundredths cents
($0.4050) 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
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Grapevine, Texas, to be assessed and collected by the Tax Assessor/Collector and
collected for Tax Year 1997, 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$0.276996 is levied.
B. For Debt Service, a tax rate of$0.128004 is levied.
Section 3. Taxes levied by this ordinance shall be due and payable on the first day
of October, 1997 and shall become delinquent on the first day of February, 1998, 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, 1998. 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, 1997 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.
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PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
. GRAPEVINE, TEXAS, on this the 9th day of Se�tember , 1997.
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APPROVED:
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William D. Tate
Mayor
ATTEST:
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Lin a Huff
City Secretary
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,�,.� APPROVE TO FOFiM:
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c��rir
i y Attor
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ORD. NO. q�-�on 2