HomeMy WebLinkAboutCity Council Resolutions (R-00-1704)-08/15/2000
RESOLUTION R-OO-1704
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEYVILLE,
TEXAS PASSED PURSUANT TO SECTION 26.04, SECTION 26.05 AND
SECTION 26.6 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 ($.3474) PER ONE HUNDRED
DOLLARS VALUATION FOR FISCAL YEAR 2001; CALLING A PUBLIC
HEARING; DIRECTING THAT NOTICE BE GIVEN IN ACCORDANCE WITH THE
PROPERTY TAX CODE AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Finance Director of the City of Colleyville, Texas (the "City"), has
calculated the amount of the effective tax rate and the rollback tax
rate pursuant to Section 26.04(c) of the Property Tax Code of the
State of Texas (the "Property Tax Code"); and
WHEREAS, pursuant to Section 26.04(e) of the Property Tax Code, the Finance
Director for the City has submitted the said tax rates to the City
Council and has published in a newspaper in the form prescribed by
the State Property Tax Board the effective and rollback tax rates, the
calculations used to determine the said tax rates, and the estimated
amounts of fund balances, and a schedule of the unit's debt
obligations required to be published; and
WHEREAS, it appears necessary to adopt a tax rate of thirty four and seventy-four
hundredths cents (.3474) per one hundred dollars of valuation which
will raise greater tax revenue than it did in Fiscal Year 2000 although
the tax rate is remaining unchanged from Fiscal Year 2000.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COLLEYVILLE, TEXAS:
Sec. 1
THAT all of the matters contained in the preamble are found to be true
and correct and are incorporated herein as if copied in their entirety.
Sec. 2
THAT the City Council does hereby, by the approval of this resolution,
state its intention to adopt a tax rate for Fiscal Year 2001 of thirty four
and seventy four one hundredths cents ($.3474) per one hundred
dollars of valuation.
Sec. 3
THAT in order to comply with Section 26.05(c) of the Property Tax
Code, a public hearing on this proposed tax rate will be held on the
31st day of August 2000 at 6:00 P.M. in the Council Chambers, 5400
Bransford Rd., 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.
Resolution R-00-1704
Page 2 of 2
Sec. 4
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 public hearing in accordance with Section 26.06 of the Property
Tax Code.
Sec. 5
THAT this resolution shall take effect from and after the date of its
passage.
AND IT IS SO RESOLVED
APPROVED BY .THE CITY ~;~~ OF THE CITY OF COLLEYVILLE, TEXAS,
THIS THE I~~ DAY OF ,2000 BY THE FOLLOWING VOTE:
Jody Short ~
Dana Feldman 4f.eL
Ginny Tigue .IlJf.t.
Michael Taylor ~
Dennis Marlin ~
~. EST: , I
..ML IJ~
J n Harris, CMC
City Secretary
APPROVED:
Dti;~
Mayor