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HomeMy WebLinkAboutR2005-029S:\Our Documents\Reso\utions\OS\tax public hcaring.doc RESOLUTIONNO.I{Zt?OS-021 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS PLACING A PROPOSAL ON THE SEPTEMBER 20, 2005 CITY COUNCIL PUBLIC MEETING AGENDA TO ADOPT A 2005 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 6, 2005 AND SEPTEMBER 13, 2005; REQUIRING PUBLICATION OF ,A NOTICE OF PUBLIC HEARINGS ON A TAX INCREASE IN ACCORDANCE WITH THE LAW; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council desires to consider adopting a tax rate of $0.60815 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 2005 tax year of $0.60815 per $100 per valuation that will exceed the lower of the rollback rate or the effective tax rate. SECTION 2. THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A 100,000 HOME BY APPROXIMA TELY $30. SECTION 3. The City Council herehy approves the placement of an item on the September 20, 2005 City Council public meeting agenda to vote on a proposed tax rate of 0.60815 per $100 valuation that will exceed the lower of the rollback rate or the effective tax rate. I SECTION 4. The City Council hereby calls two public hearings on the proposed tax increase to be held in the City Council Chambers at City Hall located at 215 East McKinney Street in Denton, Texas 76201 on September 6, 2005 and September 13, 2005 at 6:30 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 5. 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 16th day of August, 2005, at which meeting a quorum was present and the meeting was held in S:\Qur Documents\Resolutions\05\tax public hearing.doc 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 20, 2005 City Council agenda. PASSED AND APPROVED this the /?I/z day of t)-tI~ o,~cf~ EULINE BROCK, MAYOR 2005. ATTEST: JENNIFER WALTERS, CITY SECRETARY BY: Qtlfl; ir(l~2iUdUXl tlJd; APPROVED AS TO LEGAL FORM: EDWIN M. SNYDER, CITY ATTORNEY Councilmember Voted For V oted Against Euline Brock, Mayor Charlye Heggins Pete Kamp Perry McNeill, Mayor Pro Tern Bob Montgomery Joe Mulroy Jack Thomson vi 1= V V V Page 2 5o-703 FlftV.07-OS) Notice of Public Hearing on Tax Increase Last year, the City of Denton property tax rate was $.59815 per $100 valuation. That rate raised $26.168.727. a portion of which was used to fund operations such as: police and fire protection, street maintenance, parks and recreation. library services and other public services. This year. the City of Denton is proposing a property tax rate of $.60815 per $100 valuation. That rate would raise $29.126.595. which is $2.957.868 more than taxes imposed last year. There will be two public hearings to consider that increase. The first public hearing will be held on September 6.2005.6:30 p.m. at City Hall. Council Chambers. 215 E. McKinnev St.. Denton TX, The second hearing will be held on September 13. 2005. 6:30 P.m. at City Hall. Council Chambers. 215 E. McKinnev St.. Denton TX. You have a right to attend the hearings and make comments. You are encouraged to attend and make comments if you wish.