HomeMy WebLinkAboutORD 1992-055 �'"' ORDINANCE NO. 92-55
�,,., AN ORDINANCE OF THE CITY OF GRAPEVINE, �TEXAS,
SETTING THE ANNUAL TAX RATE FOR TAX YEAR 1992;
LEVYING TAXES FOR THE TAX YEAR 1992 TO BE
ASSESSED ON ALL TAXABLE PROPERTY WITHIN THE
LIMIT5 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 1992 at a
rate of forty-two and fifty one-hundredths cents ($0.4250) 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 ancl collected by the Tax Assessor/Collector and collected
for Tax Year 1992, 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 $0.2908 is
levied.
B. For the Debt Service Fund, a tax rate of $0. 1342 is
levied.
Section 3 . Taxes levied by this ordinance shall be due and
payable on the first day of October, 1992, and shall become
delinquent on the first day of February, 1993, 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, 1993 . 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, 1992 requires that this ordinance be effective upon its
passaqe 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.
�
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
�rv5 GRAPEVINE, TEXAS, on this the 15th day of September , 1992 .
.�_. APPROVED: �
William D. Tate
Mayor
ATTEST:
Lind Huff
City Secretary
APPROVED AS TO FORM:
John F. Boyle, Jr.
y -. City Attorney
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