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HomeMy WebLinkAboutR2007-026S:\Our Documents\ResoWtions\07\vote on tax rate.doc RESOLUTION NO. OO7-Q~~ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS ANNOUNCING THAT IT WILL VOTE ON A TAX RATE AT ITS MEETING OF SEPTEMBER 25, 2007; PROVIDING FOR PUBLICATION OF NOTICE OF SUCH VOTE ON THE TAX RATE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, at its meeting of August 21, 2007, the City Council voted to place a proposal on the September 25, 2007 City Council agenda to adopt a proposed tax rate of 0.66652 per $100 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 1 ], 2007 and the second on September 18, 2007; and WHEREAS, publication of notice of two public hearings on the tax increase were made in accordance with the law, one hearing was Held on September 11, 2007 and the other will be held September 18, 2007, and all proponents and opponents of the tax increase were given an adequate opportunity to present their views at the public hearings; and WHEREAS, the City Council wishes 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 at its meeting of September 25, 2007, which will commence at 6:30 p.m. and will be held in the City Council Chambers at City Hall at 215 East McKinney, Denton, Texas 76201. SECTION 3. Prior to the vote on the tax rate, the City Manager is directed to publish in the Denton Record-Chronicle, a newspaper having general circulation in the City, the attached Notice of Vote on the Tax Rate, which is made a part of this resolution for all purposes, such publication to be in compliance with the requirements of the Texas Tax Code. SECTION 4. 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 11`h day of September, 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 sey. The City Secretary is hereby advised 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:\Our Documents\Resolutions\07\vote on tax rate.doc PASSED AND APPROVED this the ~ day of , 2007. PERRY . Mc EILL, MAYOR ATTEST: JENNIFER WALTERS, CITY SECRETARY BY: ~ APPROVED AS TO LEGAL FORM: EDWIN M. SNYDER, CITY ATTORNEY BY: Voted For Voted Against Perry McNeill, Mayor Pete Kamp, Mayor Pro Tem Joe Mulroy, Deputy Mayor Pro Tem Bob Montgomery Charlye Heggins / lack Thomson ~/ ___ Chris Watts / Page 2 Notice Of Vote on Tax Rate The City of Denton conducted a public hearing on a proposal to increase the total tax revenues of the City of Denton from properties on the tax roll in the preceding year by 13.5 percent on September 11th 8~ September 18th 2007. The City Council is scheduled to vote on the tax rate that will result in that increase at a public meeting to be held on September 25, 2007 at 215 E. McKinney, Denton, Texas 76201.