HomeMy WebLinkAboutCity Council Resolutions (R-07-2867)-08/21/2007RESOLUTION R-07-2867
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 FIVE AND FIFTY-NINE
HUNDREDTHS CENTS ($.3559) PER ONE HUNDRED DOLLARS VALUATION FOR
FISCAL YEAR 2008; 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) 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 five and fifty-nine
hundredths cents (.3559) per one hundred dollars of valuation, which will
raise greater tax revenue than it did in Fiscal Year 2007.
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 2008 of thirty five and fifty-nine
hundredths cents (.3559) per one hundred dollars of valuation.
Sec. 2. THAT in order to comply with Section 26.05(d) and Section 26.06 of the
Property Tax Code, two public hearings on this proposed tax rate will be held
on August 28, 2007 at 6:30 p.m. and September 4, 2007 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.
Sec. 3. 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.
Sec. 4. THAT this resolution shall take effect from and after the date of its passage.
Resolution R-07-2867
Page 2 of 2
AND IT IS SO RESOLVED.
APPROVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS, THIS
THE /.~"~i DAY OF ,~ 2007, BY THE FOLLOWING VOTE:
David Kelly ~e--
Tony Licata ~~~iv
Jon Ayers ~_G
Mike Taylor ~_~
Carol Wollin a- ~
Rich Hendler Q~ ~-
Tom Hart ~~
ATTEST: ~~ ~~~~
~"~a..-
Cynthia Singleton, TRMC
City Secretary
CITY OF COLLEYVILLE
~1 ~
David Kelly ~'
Mayor