2001-340 O CENO 00/-
o r ANCE LEW NO THE WO=
ON AW,
FOR PA~ ~NT OF C~NT ~C~ E~BNSBS, ~ FOR ~TE~ST ~
S~G ~ ON O~ST~G CITY OF DENTON BO~S, PROLOG FOR
L~ITED ~TIONS OF CERT~ HO~STE~S, PROVinG FOR E~ORCEME~
OF COLL] ~CTIONS, PROLOG FOR A SE~ITY CLAUSE, ~ PROVinG ~
EFFECT~ DATE
~AS, ~er no~ce of a pubhc he~ng on a t~ mcre~e w~ pubhshed ~n accord~ce
w~ ~e la~, on Au~st 28, 2001, ~e C~W Co~c~l held a pubhc hemng on a propos~ to adopt a
t~ rate offS0 54815 p~ $100 valuation w~ch would ~ncre~e total t~ rev~ues ~om prope~ on
· e t~ rolllbY 6 9%, ~d
~AS, at ~e end of tbs pubhc hemng, the C~W Co.cfi p~sed a resolution se~ng ~e
mee~ng on whch it would vote on ~e t~ rate ~d ~o~c~ng ~at ~t wo~d vote on ~e t~ rate at
~ts S~temb~ 4, 2001 meeting, whch r~olu~on specffied ~e t~me ~d place offs mee~g, ~d
~AS, ~er ~e pubhc he~g ~d before ~e S~tmber 4, 2001 meeting, ~e C~W
Co.cfi pu~hshed a No~ce of Vote on T~ ~te tn accord~ce w~ ~e law, ~d
~AS, C~W deems ~t m ~e pubhc ~nterest to Mopt a t~ rate for ~e 2001
~e
Co~cll
t~ ye~, NOW, ~FO~,
THE COU qC~ OF T~ CITY OF DENTON HE.BY O~S
SEC' ~ION 1 By au~onW of~e Cheer of~e C~W of D~ton, Text, ~d ~e Laws of~e
State of Te ~, ~e m hgeby lewed for ~e ye~ 2001, on ~1 t~able prope~ minted w~n ~e
co.orate 1 m~ts of~e C~W of D~ton on J~u~ I, 2001, ~d not exempt by ~e Cons~m~on ~d
laws of~e State of Tex~ or by Sec~ons 4, 5, md 6 of tbs ordm~ce, a t~ of $0 54815 on each
$100 ~ses ~ed vflue of ~1 t~able prop~ T~s t~ ~s expected m increase total revenue from
prope~es ~ ~n the t~ roll by 6 9% over 2000 t~ revenues
SEC ~ON 2 Of the total t~, $0 31948 of each $100 of~sessed v~ue sh~l be dmmbuted to
the Genga F~d of~e C~Wm ~d mmnten~ce ~d operation expend~es of~e C~W
SEC ~ION 30f~e tot~ t~, $0 22867 of each $100 of~sessed value sh~l be ~smbuted to
pay ~e C~t ts debt se~ce ~ prowded by Section 26 04(e)(3) of~e Tex~ Prope~ T~ Code
SEt '~ION 4 P~su~t to ~cle VIII, Section 1-b of the Texas Const~on, ~d pwsu~t to
the prowm~ ~ns of Sec~on 11 13(n) of ~e Tex~ Pmpe~ T~ Code, one-half percent of the ~sess~
value of ~md~ homesteads, or $5,000 of ~e assessed value of remdentml homesteads,
whchevg ~o~t shill be ~eater, sh~l be exempt ~om C~W ad valorem t~es
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