HomeMy WebLinkAboutRES 1995-027 RESOLUTION N0. g5-27
,� 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"1,
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 of 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 nine and thirteen
one hundredths percent (9.13%) above 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 nine and
thirteen one hundredths percent (9.13%) above the effective tax rate.
Section 3. That in order to comply with Section 26.051d) of the Property Tax
Code, a public hearing on this proposed increase will be held on the 5th day of
September, 1995 at 7:30 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.
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.
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Section 5. That this resolution shall take effect from and after the date of its
passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 15th day of August , 1995.
APPROVED:
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William D. Tate
Mayor
ATTEST:
�
�. Lin Huff
City Secretary
APPROVED AS TO FORM:
John F. Boyle, Jr.
City Attorney
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