HomeMy WebLinkAboutCity Council Resolutions (R-94-1049)-09/20/1994
RESOLUTION R-94-1049
A RESOLUTION RESERVING TAX REVENUE FOR A NEW FIRE
STATION
WHEREAS, the City Council has established as its top priority the construction
and operation of a new fire station; and
WHEREAS, the Council has determined after reducing the amount of the City
Manager's proposed FY 1995 budget, that the financing of this
project will require increasing the tax rate in FY 1995; and
WHEREAS, the Council wishes to ensure that all revenue from the increased tax
rate will be allocated exclusively to the fire station project.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COLLEYVILLE, TEXAS:
Sec. 1.
THAT the ad valorem tax revenue generated by the difference in a
tax rate of $.31 and a tax rate of $.3263 be reserved in the
unappropriated balance of the General Fund at the end of FY 1995
for design, construction, equipping and operation of a new fire
station.
AND IT IS SO RESOLVED.
Passed by a vote of 5' ayes,
2o-t:h day of Se. p+2..Wl-6t>('
ATTEST:
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City Secretary
o nays, and
,1994.
o
abstentions, on this
CITY OF COLLEYVILLE
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Mayor
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