HomeMy WebLinkAboutCity Council Resolutions (R-02-2008)-08/20/2002
RESOLUTION R-02-2008
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 ($.3474) PER ONE HUNDRED DOLLARS
VALUATION FOR FISCAL YEAR 2003; CALLING A PUBLIC HEARING; DIRECTING
THAT NOTICE BE GIVEN IN ACCORDANCE WITH THE PROPERTY TAX CODE
AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Finance Director of the City of Colleyville, Texas (the "City"), has
calculated the amount of the effective tax rate and the rollback tax rate
pursuant to Section 26.04(c) of the Property Tax Code of the State of
Texas (the "Property Tax Code"); and
WHEREAS, pursuant to Section 26,04(e) of the Property Tax Code, the Finance
Director for the City has submitted the said tax rates to the City Council
and has published in a newspaper in the form prescribed by the State
Property Tax Board the effective and rollback tax rates, the calculations
used to determine the said tax rates, and the estimated amounts offund
balances, and a schedule of the unit's debt obligations required to be
published; and
WHEREAS, it appears necessary to adopt a tax rate of thirty four and seventy-four
hundredths cents (.3474) per one hundred dollars of valuation, which will
raise greater tax revenue than it did in Fiscal Year 2002 although the tax
rate is remaining unchanged from Fiscal Year 2002.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec, 1,
THAT all of the matters contained in the preamble are found to be true
and correct and are incorporated herein as if copied in their entirety.
Sec. 2.
THAT the City Council does hereby, by the approval of this resolution,
state its intention to adopt a tax rate for Fiscal Year 2003 of thirty four
and seventy four one hundredths cents ($,3474) per one hundred dollars
of valuation.
Resolution R-02-2008
Page 2 of 2
Sec, 3,
THAT in orderto comply with Section 26.05(c) of the Property Tax Code,
a public hearing on this proposed tax rate will be held on the 3rd day of
September 2002 at 7:30 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,
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 COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS,
THIS THE oU>l?) DAY OF ~~t- 2002, BY THE FOLLOWING VOTE:
Joe Hocutt
Rich Hendler
Ginny Tigue
~
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Brad Rice
Richard Newton
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aASeNt
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Donna Arp
Mayor
ATTEST:
Cynthia Singleton, TRMC
City Secretary