HomeMy WebLinkAboutCity Council Resolutions (R-06-2742)-08/15/2006
RESOLUTION R-06-2742
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF cOLLEYVILLE, TEXAS
PASSED PURSUANT TO SECTION 26.04, SECTION 26.05 AND SECTION 26.06 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 ($.3474) PER ONE HUNDRED DOLLARS VALUATION
FOR FISCAL YEAR 2007; DIRECTING THAT NOTICE BE GIVEN IN ACCORDANCE
WITH THE PROPERTY TAX CODE; SETTING TWO PUBLIC HEARINGS ON THE
PROPOSED TAX RATE AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Tax Assessor/Collector for the City of Colleyville, Texas (the "City"), has
calculated the amount of the effective tax rate and the rollback tax rate
pursuant to Section 26.04(c) otthe Property Tax Code of the State otTexas
(the "Property Tax Code"); and
WHEREAS, pursuant to Section 26.04(e) of the Property Tax Code, the said tax rates
have been submitted to the City Council, and
i
I WHEREAS, it appears necessary to adopt a tax rate of thirty four and seventy-four
hundredths cents (.3474) per one hundred dollars of valuation, which will
raise greater tax revenue than it did in Fiscal Year 2006 although the tax rate I
is remaining unchanged from Fiscal Year 2007. .
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1.
Sec. 2.
Sec. 3.
Sec. 4.
THAT the City Council does hereby, by the approval of this resolution, state
its intention to adopt a tax rate for Fiscal Year 2007 of thirty four and seventy
four one hundredths cents ($.3474) per one hundred dollars of valuation.
THAT in order to comply with Section 26.05(d) and Section 26.06 ot the
Property Tax Code, two public hearings on this proposed tax rate will be held
on August 29, 2006 at 6:30 p.m. and September 5, 2006 at 7:30 p.m. in the
Council Chambers, 100 Main Street, 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.
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 first
public hearing in accordance with Section 26.06 of the Property Tax Code.
THAT this resolution shall take effect from and after the date ot its passage.
i I
AND IT IS SO RESOLVED.
Resolution R-06-2742
Page 2 ot 2
APPROVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS, THIS
THE ~}I,f DAY OF ~(,dr2006, BY THE FOLLOWING VOTE:
David Kelly
Tony Licata
Jon Ayers
Mike Taylor
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ATTEST:
11
Cynthia Singleton, TRMC, CMC
City Secretary
George Boll o-6seIVt:
Rich Hendler t:A.::!:J c...
Tom Hart ~-e-
CITY OF COLLEYVILLE
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David Kelly
Mayor