HomeMy WebLinkAboutRES 1998-038 RESOLUTION NO. 9$-38
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 Tax Assessor/Collector 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 Director of
Administrative Services of the City of Grapevine 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 will produce more
property tax revenue than the preceding year.
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 of$0.3850 which is 0.2% less than the effective rate
and which will raise more property taxes than the preceding year.
Section 3. That in order to comply with Section 26.05(d) of the Property Tax
Code, a public hearing on this proposed increase will be held on the 1st day of
September, 1998 at 7:30 p.m. in the Council Chambers, 200 S. Main Street, Grapevine,
Texas, which date shall not be earlier than seven (7) days after the date the notice of the
public hearing on the proposed increase is given.
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Section 4. That the City Secretary is directed to publish a notice of this hearing
in the official city newspaper at least seven days prior to the date of the public hearing in
accordance with Section 26.06 of the Property Tax Code.
Section 5. That this resolution shall become effective from and after the date of
its passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the �$th day of August , 1998
APPROVED:
William D. Tate
Mayor
ATTEST:
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J Brown
A istant City Secretary
APPROVED AS TO FORM:
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John F. Boyle, Jr. r�
City Attorney
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RES. NO. 98-3$ 2