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Resolution 96-15 RESOLUTION NO. Cj ~ - /5' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS, ACCEPTING THE PROPOSED PROPERTY TAX RATE FOR FISCAL YEAR 1996-1997; ACCEPTING THE CALCULATION OF AN EFFECTIVE TAX RATE; ESTABLISHING A DATE FOR PUBLIC HEARING ON THE PROPOSED PROPERTY TAX RATE; AND PROVIDING FOR THE PUBLICATION AS PROVIDED BY THE TEXAS PROPERTY TAX CODE WHEREAS, the City of Wylie has received the calculated effective tax rate as presented by the Central Appraisal District of Collin County; and WHEREAS, such effective tax rate multiplied by 1.03 is .64832 which by Statute requires an additional public hearing in order to entitle the City Council to consider acceptance and adoption of an ordinance levying a proposed property tax rate of .665 per $100 (ONE HUNDRED) do!lars valuation; and WHEREAS, the Texas Property Tax Code Chapter 26, as heretofore amended, provides for specific procedures in which to consider the proposed tax rate NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Wylie, that: SECTION 1. The City Council of the City of Wylie, Texas, does hereby accept the rate of .665 per $100 (ONE HUNDRED) dollars valuation as the proposed property tax rate for fiscal year 1996-1997. SECTION 2. That Council met in public meeting on August 13, 1996 and accepted this resolution with a majority vote as follows: Mayor Jim Swartz YEA ~ NAY ABSTAIN - ABSENT_ Councilmember Reta Allen YEA-L NAY ABSTAIN ABSENT_ Councilmember Joel Scott YEA -15- NAY ABST AI N - ABSENT_ Councilmember John Mondy YEA 1- NAY ABST AI N - ABSENT_ Councilmember J.C. Worley YEA -X- NAY ABSTAIN - ABSENT_ Councilmember Cleo Adams YEA~ NAY ABSTAIN - ABSENT_ Councilmember Wanda Sparks YEA ...K..- NAY_ ABSTAIN - ABSENT_ SECTION 3. That public hearing shall be held on September 10, 1996 at 7:00 p.m. in the City Council Chambers at the Wylie Municipal Complex, 2000 Hwy 78 North, Wylie, Texas, to receive public comment regarding the proposed tax rate. SECTION 4. That the content and vote taken on this resolution shall be published in the official newspaper of the City as provided by the Texas Property Tax Code. DULY RESOL VjO~by ,the City Council of th ,,~:...\ ~ 'Ii. ~ 1 996 ~1;'A: '\ ,', . ~b" ;,' ( ..;