1979-048AN ORDINANCE OF THE CITY OF DENTON, TEXAS, PROVIDING FOR THE PROVI-
SIONS OF ARTICLE 1 OF H B 1060 RELATING TO TAXATION OF AGRICULTURAL
LAND AND PROVIDING AN EFFECTIVE DATE
WHEREAS, the Texas Legislature has passed H B 1060 which
lncludes the comprehenslve lmplementatlon of the 1978 "Tax Relief
Amendment" approved by Texas voters ~n November of 1978, and
WHEREAS, the prov~slons of Article 1 of H B 1060 relatlng
to the taxation of agriculture land are automatically effectlve for
the 1979 tax year unless the governing body takes affirmative action
by June 15, 1979 to waive their applicability untll the 1980 tax
year; and
WHEREAS, the City Council of the City of Denton, Texas, after
careful conslderat~on of the matter has determlned that the provi-
sions of Article 1 of H B 1060 should be waived and postponed
until the 1980 tax year as allowed by the Act,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS,
HEREBY ORDAINS
SECTION I
The provls~ons of Artlole 1 of H B 1060 relating to the
taxation of agriculture land on the basls of ~ts product~vlty rather
than market value shall not apply to the 1979 tax year for the C~ty
of Denton, but rather be postponed until the 1980 tax year
SECTION II
That due to the importance of th~s legislation and the deadline
for passage lmposed by the Act creates an urgency and an emergency
~n the preservation of the public health, safety and welfare, and
it requires that th~s ordinance shall take effect ~mmed~ately from
and after ~ts passage, as the law ~n such cases provldes
PASSED AND APPROVED th~s the~day of_Jn~-~-A D 1979
B~NA~H, MAYOR
CITY OF DENTON, TEXAS
~RDOKS HOL~~, CITY SECRETARY
APPROVED AS TO LEGAL FORM
BURT R SOLOMONS, ACTING CITY
ATTORNEY,