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HomeMy WebLinkAboutR2007-022S:\pur Documents\Resolutions\07\mx public hearingdoe RESOLUTION NO. © ~ - ~ a A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS PLACING A PROPOSAL ON THE SEPTEMBER 25, 2007 CITY COUNCIL PUBLIC MEETING AGENDA TO ADOPT A 2007 TAX RATE THAT WILL EXCEED THE LOWER OF THE ROLLBACK RATE OR THE EFFECTIVE TAX RATE; CALLING TWO PUBLIC HEARINGS ON A TAX INCREASE TO BE HELD ON SEPTEMBER 11, 2007 AND SEPTEMBER 18, 2007; REQUIRING PUBLICATION OF A NOTICE OF PUBLIC HEARINGS ON A TAX INCREASE 1N ACCORDANCE WITH THE LAW; AND PROVIDING AN EFFECTVE DATE. WHEREAS, the City Council desires to consider adopting a tax rate of $0.66652 per 100 valuation, which will exceed the lower of the rollback rate or effective tax rate, in accordance with the requirements of the Tex. Tax Code ch. 26 and to schedule two public hearings on the proposed tax increase; NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES: SECTION 1. The City Council desires to consider adopting a tax rate for the 2007 tax year of $0.66652 per $100 per valuation that will exceed the lower of the rollback rate or the effective tax rate. SECTION 2. The City Council hereby approves the placement of an item on the September 25, 2007 City Council public meeting agenda to vote on a proposed tax rate of 0.66652 per $100 valuation that will exceed the lower of the rollback rate or the effective tax rate. SECTION 3. The City Council hereby calls two public hearings on the proposed tax increase to be held in the Cily Council Chambers at City Hall located at 215 East McKinney Street in Denton, Texas 7620] on September 11, 2007 and September 18, 2007 at 630 p.m. The public hearings will not be held until at least seven days after notice of the public hearings have been published in the Denton Record-Chronicle, a newspaper having general circulation within the City, in the form of the attached Notice of Public Hearing on a Tax Increase; which is made a part of this resolution for all purposes. The City Manager, or his designee, is hereby directed to publish said notice in accordance with this resolution and in accordance with Tex. Tax Code 26.06. At the public hearings, the City Council will afford adequate opportunity for both proponents and opponents of the tax increase to present their views. SECTION 4. This resolution shall become effective immediately upon its passage and approval at a regular meeting of the City Council of the City of Denton, Texas on this the 21s` day of August, 2007, 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 seq. The City Secretary is hereby directed to record this resolution and the vote on the proposal to place the item for a tax increase on the September 25, 2007 City Council agenda. S:\pur Documents\Resolutions\07\tax public hcaring.doc PASSED AND APPROVED this they ~ ~ day of ATTEST: JENNIFER WALTERS, CITY SECRETARY BY: ,_, APPR VEDA TO LEGAL F EDWIN M. SNYD~~IT TORNEY BY: Council Member Perry R. McNeill, Mayor Charlye Heggins Pete Kamp Jack Thomson Chris Watts Bob Montgomery Joe Mulroy Deputy Mayor Pro Tem Qr~~ ~:~ PERR McNEILL, MAYOR 2007. Voted For Voted Aeainst Page 2