HomeMy WebLinkAboutORD 1983-056 o�zNA�CE r1o. 83-56
AN ORD?NANCE SETTING THE ANrdUAL TAY RATE FOR
1983; LEVYING TAXES FOR THE YE�R 1983 TO BE
ASSESSLD ON ALL TAXABLE PROPERTY WITHIN THE
LIPdITS OF THE CITY OF GRAPEVIPI�, TEXAS;
PROVIDING P�IVALTIES AND INTEREST FOR
DELINQUENT TAXES; PROVIDING FOR TF3E INTRA-
AND INTER-DEPARTMENT FUND TRANSFERS;
PRCVIDING FOR THE INVESTMENT OF IDLE FUNDS;
AND DECLARING AN EMERGEP�CY
WHEREAS , the requirements of Article 7244 , V.A.T.C.S. , have
been complied with.
PIGW, THEREFORE, BE IT ORDAINED BY THL CITY COUNCIL OF THE
CITY OF GRAPEVINE, TE�AS:
Section l . That a tax is hereby levied upon all taxable
' property� in the City of Grapevine, Texas , for the year 1983 , at a
rate of fifty-three and four tenths cents ($0 .534) 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 Grapevine,
Texas , to be assessed and collected by the Tay Assessor and
Collector for the year 1983 , 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, 48 . 20 of the taxes levied on
each $100 . 00 valuation.
(b) For the Interest and Sinking Fund, 51 . 80 of the taxes
levied on each $100 . 00 valuation.
Section 3 . That the City P�lanager be and is hereby
authorized to make intra- and inter-degartment fund transfers
during the fiscal year as becomes necessary in order to avoid
overexpenditures of a particular account.
Section 4 . That the City Manager and/or Treasurer/Finance
� Director is authorized to invest any funds not needed for current
use , whether operating funds or bond funds, in United States
Treasury�Bills , Certificates of Deposit, Savings Accounts, and/or
Time Deposit Open Accounts in Official City Depositories.
Interest accrued from such investments may be deposited in the
General Fund. All of which investments shall be in accordance
with law.
Section 5 . Taxes levied by this ordinance shall be due and
payable on October l , 1983 , and shall become delinquent on the
first day of February, 1984 , if unpaid. Upon taxes becoming
delinquent, a penalty will be added as required in Article 7336
and Article 7336f of V.A.T.C. S. , and shall commence on the first
day of February, 1984 . Interest upon delinquent taxes and
� penalties shall accrue at the rate as prescribed by Chapter 221 ,
I �cts of the 62nd Legislature , Regular Session, 1971 , as amended
t (Article 7100 , Revised Civil Statutes of Texas, 1925) , and
Article 7336 , Revised Civil Statutes of Texas , 1925 , as amended.
ihe City of Grapevine is hereby authorized to adopt any and all
legal remedies provided by the Revised Civil Statutes of the
State of Texas and the Grapevine City Charter as provided in
Article 9 , Section 9. 25 , for the purpose of collecting delinquent
taxes.
Section 6 . The fact that the fiscal year begins on October
l , 1983 , requires that this ordinance be effective upon its
passage and adopted to preserve the public peace , property ,
nealth, and safety , and shall be in full force and effect from
and azter its passage and adoption, and an emergency is declared.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GI��PEVIN�, TEXAS on this the 13th day of September, 1983 .
APPROVED:
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Mayor
ATTEST:
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City Secretar _
APPROVED AS TO FORI41 AND LEGALITY:
� City Attorney
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