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HomeMy WebLinkAboutCity Council Resolutions (RESOLUTION R-16-4020)-08/18/2016RESOLUTION R-16-4020 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS PASSED PURSUANT TO SECTION 26.04 AND 26.05, OF THE PROPERTY TAX CODE OF THE STATE OF TEXAS, APPROVING A PROPOSAL OF THE INTENT TO SET PROPERTY TAX RATES AT THIRTY THREE THOUSAND AND NINE HUNDRED THIRTEEN HUNDRED- THOUSANDTHS CENTS ($.33913) PER ONE HUNDRED DOLLARS VALUATION FOR FISCAL YEAR 2017; AND PROVIDING FOR AN EFFECTIVE DATE WHEREAS, the Tax Assessor/Collector for the City of Colieyville, 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 said tax rates have been submitted to the City Council; and WHEREAS, it appears necessary to adopt a tax rate of thirty three thousand and nine hundred thirteen hundred-thousandths cents (.33913) per one hundred dollars of valuation. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: Sec. 1. THAT the City Council does hereby, by the approval of this resolution, state its intention to adopt a tax rate for Fiscal Year 2017 of thirty three thousand and nine hundred thirteen hundred-thousandths cents (.33913) per one hundred dollars of valuation. The Fiscal Year 2017 tax rate will be adopted at the City Council meeting to be held on September 20, 2016. Sec. 2. THAT the 2016 tax roll as certified on July 25, 2016 by the Chief Appraiser of Tarrant Appraisal District is adopted and is the basis for the Fiscal Year 2017 proposed tax rate. Sec. 3. THAT pursuant to Section 26.05(d) of the Property Tax Code, the two public hearings on the tax rate will be held on August 25, 2016 at 5:30 p.m. and September 6, 2016 at 7:30 p.m. at 100 Main Street, Colleyville, Texas. Sec. 4. THAT this resolution shall take effect from and after the date of its passage. ', Resolution R-16-4020 Page 2 of 2 AND IT IS SO RESOLVED. APPROVED BY A VOTE OF '� AYES, P NAYS, AND � ABSTENTIONS ON THIS THE 16T" DAY OF AUGUST 2016. Mayor Richard Newton �� Mayor Pro Tem Chris Putnam _�� Place 1, Tammy Nakamura �� Place 5, Nancy Coplen �� � Place 2, Bobby Lindamood _A�t, Place 6, Mike Taylor � Place 4, Jody Short rit�0_ � ATTEST: CITY OF COLLEYVILLE C�I l.G�'� Am Shelley, RMC Richard Newton City Secretary Mayor .