HomeMy WebLinkAboutCity Council Resolutions (R-98-1403)-08/18/1998
RESOLUTION R-98-1403
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS
PASSED PURSUANT TO SECTION 26.04, SECTION 26.05 AND SECTION 26.6 OF THE
PROPERTY TAX CODE OF THE STATE OF TEXAS, APPROVING A PROPOSAL TO
SET PROPERTY TAX RATES AT THIRTY FOUR AND SEVENTY FOUR HUNDREDTHS
CENTS ($.3474) PER ONE HUNDRED DOLLARS VALUATION; CALLING A PUBLIC
HEARING; DIRECTING THAT NOTICE BE GIVEN IN ACCORDANCE WITH THE
PROPERTY TAX CODE AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Finance Director of the City of Colleyville, Texas (the "City"), has
calculated the amount of the effective tax rate and the rollback tax rate
pursuant to Section 26.04(c) of the Property Tax Code of the State of Texas
(the "Property Tax Code"); and
WHEREAS, pursuant to Section 26.04(e) of the Property Tax Code, the Finance Director
for the City has submitted the said tax rates to the City Council and has
published in a newspape r in the form prescribed by the State Property Tax
Board the effective and rollback tax rates, the calculations used to
determine the said tax rates, and the estimated amounts of fund balances,
and a schedule of the unit's debt obligations required to be published; and
WHEREAS, it appears necessary to adopt a tax rate of thirty four and seventy-four
hundredths cents (.3474) per one hundred dollars of valuation which will
raise greater tax revenue than it did in Fiscal Year 1998 although the tax
rate is remaining unchanged from Fiscal Year 1998.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVI LLE, TEXAS:
Section 1. That all of the matters contained in the preamble are found to be true and
correct and are incorporated herein as if copied in their entirety.
Section 2. That the City Council does hereby, by the approval of this resolution, state
its intention to adopt a tax rate of thirty four and seventy four one
hundredths cents ($.3474) per one hundred dollars of valuation.
Section 3. That in order to comply with Section 26.05(c) of the Property Tax Code, a
public hearing on this proposed tax rate will be held on the 1 st day of
September 1, 1998 at 7:30 P.M. in the Council Chambers, 5400 Bransford
Rd., Colleyville, 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 (7) 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 take effect from and after the date of its passage.
AND IT IS SO RESOLVED
APPROVED BY THE CI:r _~~~NCll OF THE CITY OF COllEYVlllE, TEXAS, THIS
THE.J 8fl1 DAY OF~, 1998 BY THE FOllOWING VOTE:
Steven Helling a.-f'-
Frank Carroll a yot.
Ginny Tigue {tv./,.
,
Donna Arp a.ye-
Nelson Thibodeaux d,vtl/
,
;J~'
J n Harris, CMC
C ty Secretary
~ROVED:
, Jd j ~
Ri~~d Newton
Mayor