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HomeMy WebLinkAboutCity Council Resolutions (Resolution R-20-4532)-09/01/2020RESOLUTION R-20-4532 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS REPEALING RESOLUTION R-20-4522 IN ITS ENTIRETY AND APPROVING RESOLUTION R-20-4532 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 $0.304365, 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 latter 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 THAT Resolution R-20-4522 is hereby repealed in its entirety. Sec. 2. THAT the City Council does hereby, by the approval of this resolution, state its intention to adopt a tax rate for Fiscal Year 2021 of $0.304365 per one hundred dollars of valuation, which is less than the no new revenue tax rate for FY 2020-2021. The Fiscal Year 2021 tax rate will be adopted at the City Council meeting to be held on September 15, 2020. Sec. 3. THAT the 2020 tax roll as certified on July 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. 4. THAT this resolution shall take effect from and after the date of its passage. Resolution R-20-4532 Page 2 of 2 AND IT IS SO RESOLVED. APPROVED BY A VOTE OF 6 AYES, 0 NAYS, ON THIS THE 1ST DAY OF SEPTEMBER 2020. Mayor Richard Newton Absent Place 1, Tammy Nakamura Aye Place 4, George Dodson Aye Place 6, Callie Rigney Aye ATTEST: Christine Loven, TRMC City Secretary Mayor Pro Tern Bobby Lindamood Aye Place 3, Kathy Wheat Aye Place 5, Chuck Kelley Aye TY OF COLLEYVILLE Bobby Lindamood Mayor Pro Tern