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HomeMy WebLinkAboutCity Council Resolutions (R-23-4869)-08/15/2023RESOLUTION R-23-4869 A RESOLUTION 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 $0.260991 PER ONE HUNDRED DOLLARS VALUATION FOR FISCAL YEAR 2024; AND PROVIDING FOR AN EFFECTIVE DATE WHEREAS, the designated Taxing Unit Representative 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 30th or the 60th day after the date of the certified appraisal roll is received by the taxing unit; and WHEREAS, it appears necessary to adopt a tax rate of $0.260991 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, by the approval of this resolution, state its intention to adopt a tax rate for Fiscal Year 2024 of $0.260991 per one hundred dollars of valuation. The Fiscal Year 2024 tax rate will be adopted at the City Council meeting to be held on September 19, 2023. Sec. 2. THAT the 2023 tax roll as certified on July 20, 2023, by the Chief Appraiser of Tarrant Appraisal District is adopted and is the basis for the Fiscal Year 2024 proposed tax rate. Sec. 3. THAT this resolution shall take effect from and after the date of its passage. AND IT IS SO RESOLVED. Resolution R-23-4869 Page 2 of 2 APPROVED BY A VOTE OF 7 AYES, 0 NAYS, ON THIS THE 15TH DAY OF AUGUST 2023. Mayor Bobby Lindamood Aye Mayor Pro Tern Callie Rigney Aye Brandi Elder, Place 1 Aye George Bond, Place 2 Aye Scotty Richardson, Place 3 Aye Ben Graves, Place 4 Aye Chuck Kelley, Place 5 Aye TT, ES Christine Loven, TRMC City Secretary Bobby Lin mood Mayor