HomeMy WebLinkAboutR2008-035S:\Our Documents\Resolutions\08\vote on tax rate2.doc
RESOLUTION NO. ~~Qg ~~~~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS,
ANNOUNCING THAT IT WILL VOTE ON A TAX RATE THAT WILL RESULT IN A TAX
REVENUE INCREASE AT ITS MEETING OF SEPTEMBER 23, 2008; PROVIDING FOR
PUBLICATION OF NOTICE OF SUCH VOTE ON THE TAX RATE; PROVIDING A
RATIFICATION CLAUSE; AND PROVIDING AN EFFECTNE DATE.
WHEREAS, at its meeting of August 19, 2008, the City Council of the City of Denton,
Texas (City) voted to place a proposal on the September 23, 2008 City Council agenda to adopt a
proposed tax rate of 50.66652 per 5100 valuation, which will exceed the lower of the rollback
rate or the effective tax rate; and
WHEREAS, the City Secretary duly recorded the vote of the City Council on that matter;
and
WHEREAS, the City Council also called two public hearings on the tax increase, the first
for its meeting of September 9, 2008 and the second on September 16, 2008; and
WHEREAS, publication of notice of two public hearings on the tax increase were made
in accordance with the law, and hearings were held on September 9, 2008 and September 16,
2008, and all proponents and opponents of the tax increase were given an adequate opportunity
to present their views at the public hearings; and
WHEREAS, at the public hearings the City Council announced the date, time and place
of the meeting at which it will vote on the proposed tax rate; and
WHEREAS, the City Council v~~ishes to finally set the date, time, and place of the
meeting at which it will vote on the tax rate; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES:
SECTION 1. The findings set forth in the preamble of this Resolution are incorporated
by reference into the body of this Resolution as if fully set forth herein.
SECTION 2. The City Council will vote on the proposed tax rate of 0.66652 for each
5100 of taxable value that will result in a tax revenue increase at its meeting of September 23,
2008, which will commence at 6:30 p.m. and will be held in the City Council Chambers at City
Hall at 215 East McKinney Street, Denton, Texas 76201.
SECTION 3. Prior to the vote on the proposed tax rate, the City Manager, or his
designee, is directed to publish in the Denton Record-Chronicle, a newspaper having general
circulation in the City, the attached Notice of Tax Revenue Increase, which is made a part of this
Resolution for all purposes. Such publication to be in compliance with the requirements of the
Texas Property Tax Code (Tax Code) and other applicable law. The City Manager, or his
designee, is directed to post the attached Notice of Tax Revenue Increase on the City's Internet
S:\Our Documents\Resolutions\08\vote an tax rate2.doc
website and shall request that the City's public access television channel to carry a 60-second
Notice of Tax Revenue Increase at the times and for the periods and in accordance with the
requirements of the Tax Code and other applicable law.
SECTION 4. The City Council ratifies and approves the form of the Notice of Public
Hearing on Tax Increase as published in the Denton Record-Chronicle on August 31, 2008 and
the actions of the City Manager or his designee in publishing same.
SECTION 5. This Resolution shall become effective immediately upon its passage and
approval at the meeting of the City Council of the City of Denton, Texas on this the 16th day of
September, 2008, at which meeting a quorum was present and the meeting was held in
accordance with the provisions of Tex. Gov't Code §551.001, et sey. The City Secretary is
hereby advised to record this Resolution and the vote on the proposal to place the item for a vote
on the tax rate that will result in a tax increase on the September 23, 2008 City Council agenda.
PASSED AND APPROVED this the ~ day of ~ , 2008
t~
MARK A. B S, YOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY:
APPRO D AS LEGAL FORM:
JOHN M. KNIGHT, INTERIM CITY ATTORNEY
BY:
Council Member
Mark A. Burroughs, Mayor
Charlye Heggins
Rudy Moreno
Jack Thomson
Chris Watts
Pete Kamp, Mayor Pro Tem
Joe Mulroy,
Voted For Voted A ainst
f
Page 2
Publish in September 19, 2008 Denton Record Chronicle
Notice
of Tax Revenue Increase
The City of Denton, Texas conducted public hearings on
September 9, 2008 and September 16, 2008 on a proposal to
increase the total tax revenues of the City of Denton, Texas
from properties on the tax roll in the preceding year by 0.23
percent.
The total tax revenue raised last year at last year's tax rate
of $0.66652 for each $100 of taxable value was $40,587,734.
The total tax revenue proposed to be raised this year at
the proposed tax rate of $0.66652 for each $100 of taxable
value, excluding tax revenue to be raised from new property
added to the tax roll this year, is $40,728,659.
The total tax revenue proposed to be raised this year at
the proposed tax rate of $0.66652 for each $100 of taxable
value, including tax revenue to be raised from new property
added to the tax roll this year, is $41,933,167.
The City Council of the City of Denton, Texas is scheduled
to vote on the tax rate that will result in that tax increase at a
public meeting to be held on September 23, 2008 at the City
Council Chambers in City Hall, 215 E. McKinney Street, Denton,
Texas 76201 at 6:30 p.m.