Resolution 78-79-07-01
RESOLUTION 1978-79-7-1
A RESOLUTION POSTPONING THE IMPLEMENTATION OF H.B. 1060 (art. 7174A)
FOR THE 1979 TAX YEAR WHICH REQUIRES ALL OPEN SPACE LAND DEVOTED
TO AGRICULTURAL PRODUCTION TO BE VALUED ON THE BASIS OF PRODUCTIVITY.
WHEREAS, H.B. 1060 requires all open space land devoted to agricultural
production to be valued on the basis of productivity; and,
WHEREAS, assessors must classify all categories of agricultural
land and develop local net income figures, based on the previous
five years; and,
WHEREAS, this years filing deadline will not close until July 16,
and this would delay the Board of Equalization certification until
late July or early August; and
WHEREAS, H.B. 1060 provides for a one year postponement of these
values,
NOW THEREFORE BE IT RESOLVED, that the City Council of the City of
Wylie, Texas, will hereby postpone, until January 1, 1980, the
valuation of qualified open space land based on its productivity
value as prescribed by H.B. 1060 (art. 7174A).
PASSED AND APPROVED this the 10th day of July, 1979.
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!~ohn W. Akin
Mayor
ATTEST:
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Sarah A. Connelly C/
City Secretary
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