HomeMy WebLinkAboutORD 1991-060 �:,�,
ORDINANCE NO. q� —tin
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AN ORDINANCE OF THE CITY OF GRAPEVINE, TEXAS,
SETTING THE ANNUAL TAX RATE FOR FISCAL YEAR
1991-92 (FY92) ; LEVYING TAXES FOR THE FY92 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 Fiscal Year 1991-92
(FY92) 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 and collected by the Tax Assessor/Collector and collected
for FY92, 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, 1991, and shall become
delinquent on the first day of February, 1992 , 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, 1992 . 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, 1991 requires that this ordinance be effective upon its
passage and adopted to preserve the public peace, property, health,
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and safety, and shall be in full force and effect from and after
�� its passage and adoption, and an emergency is hereby declared.
�r PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, on this the 3rd day of September , 1991.
APPROVED:
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William D. Tate
Mayor
ATTEST:
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Linda Huff
City Secretary
� APPROVED AS TO FORM:
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� � 4 ��� �� �� ` 1 ��_v � _
John F. Boyle, Jr. %
City Attorney
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