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HomeMy WebLinkAboutCity Council Resolutions (Resolution R-20-4522)-08/04/2020RESOLUTION R-20-4522 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 $0.310644 OR LESS, PER ONE HUNDRED DOLLARS VALUATION FOR FISCAL YEAR 2021; 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 no -new revenue tax rate and the voter approval 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, pursuant to Section 26.05(a) of the Property Tax Code, a taxing unit other than a water district must adopt a tax rate before the later of September 30 or the 60th day after the date of the certified appraisal roll is received by the taxing unit. 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 2021 no greater than $0.310644 per one hundred dollars of valuation, which is the no new tax rate for 2020-2021. The Fiscal Year 2021 tax rate will be adopted at the City Council meeting to be held on September 15, 2020. Sec. 2. THAT the 2020 tax roll as certified on 3uly 25, 2020, by the Chief Appraiser of Tarrant Appraisal District is adopted and is the basis for the Fiscal Year 2021 proposed tax rate. Sec. 3. THAT this resolution shall take effect from and after the date of its passage. Resolution R-20-4522 Page 2 of 2 AND IT IS SO RESOLVED. APPROVED BY A VOTE OF 6 AYES, O NAYS, ON THIS THE 4T" DAY OF AUGUST 2020. Mayor Richard Newton Aye Mayor Pro Tern Bobby Lindamood Absent Place 1, Tammy Nakamura Aye Place 3, Kathy Wheat Aye Place 4, George Dodson Aye Place 5, Chuck Kelley Aye Place 6, Callie Rigney Aye ATTEST: Christine Loven, TRMC City Secretary CITY OF COLLEYVILLE 4 Richard Newton Mayor